This article was written by Robert Tiger. Robert founded BitRebel Media Services which provides services to individuals, groups, developers and small business. Holding the original open-source concepts and ideals of Satoshi Nakamoto in high regard, Robert believes that consensus is and should be the driving force behind any application applied to the blockchain.
BitSupra is to launch the world’s first decentralized multi-level marketing (MLM) hosting platform issuing a digital asset called BitSupra [SPA] that will serve as fuel for the network, built using the Counterparty protocol and the Bitcoin blockchain.
Most people have all known someone or have been part of a multi-level or network marketing company at some point in their lives. But while some have been successful, more often then not the majority of people who do get involved with these types of programs end up losing money and getting burned in the end.
Some of these types of programs have found a way into the crypto space, like MMM Global and Onecoin that have been reported as being scams. This has not only given the network marketing industry a bad name, but has also had an impact on the digital currency environment as well.
Changing the way we look at MLM
BitSupra looks to change the way we look at MLM or network marketing all together by providing a decentralized transparent platform where anyone can create an MLM program where everyone has an opportunity to share profits instead of just a handful of people at the top of a centralized organization.
BitSupra focuses on the privacy of users and maintaining anonymity within the network as there are no personal details collected when registering a user ID/account. Each user account will contain a unique address, user balance and user info including join date, active product and release dates, dividend information, position within the network and shares proportion. All of this information is recorded onto the blockchain and visible inside of the client once confirmed.
there are no personal details collected when registering a user ID/account
The multi-level system is the core feature of BitSupra and will be released along with its first product ‘BitSupra Lotto’, a multi-level decentralized lotto and raffle network. The next phase will be a unique physical goods product created by the BitSupra team and network volunteers. Once this is complete users will be be allowed to start their own MLM or network marketing program.
Every user that joins directly by going to the website without a referral link is considered natural growth where the system itself randomly places newcomers into available slots in the network, either on the first level below another recently joined user or above a veteran user to replace a user who has left the system for some reason.
The system uses what is called a superposition to allocate dividends generated by new users. These dividends are then passed up to the level above the new user visually according to where that new user belongs in the network. On lower levels it does not matter where the new user is visually in the network but according to user join date.
This prevents any new user from having the ability to profit on any prior network activity transacted before being placed into an empty slot left by a previous user. This gives every user the opportunity to take advantage of natural growth without relying solely on referral marketing.
New users are positioned in network slots that have been empty for the longest period of time so whenever a user leaves the system, all users below will move one level up until all levels have been filled.
Creating a network on BitSupra
BitSupra also allows any group of users to form a network and create products for that network providing that following requirements are met:
– Must be a group of at least 5 users/accounts
– Each account must own at least 0.5 of a Bsupra Token
– Parameters of payments, fees, schedule and description of network must be set
– A concept or idea that presents a solid use case for the network
When these requirements have been met the network will be activated, every member of the group will have first-line positions and network will continue to grow from there.
Every user can take part in the network consensus provided that they meet the following requirements:
– Size of team must be in the top 20%
– Owning 3 Bsupra Tokens
– Specific network custom rules
Examples of some of the advantages and rules of consensus are as follows:
– Team users receive special ticket/fees profit from the network
– Team can create a poll and to expel a team member who is not contributing
– Team can create a poll and vote on any changes to the network
Base currency, rewards and SupraLotto
As mentioned earlier, the first product of the Bitsupra platform will be the SupraLotto. Every user will have the ability to enter into the SupraLotto just by submitting a minimum fee of 100 units worth of Supra [SPA].
Users must participate in at least one SupraLotto per week 100 [SPA] to stay active in the multi-level system and maintain status and position. If a user leaves the network due to non payment, the user can re-enter the system but will have to start all over.
The SupraLotto is automatically generated by the system using a mathematical algorithm to group accounts, taking a certain percentage of sign-up fees and then using the numbers of a BitSupra block hash as a random factor to select a SupraLotto winner. The SupraLotto is conducted weekly.
BitSupra [SPA] is the base currency used within the network acting as the fuel for nearly every part of the system including network fees for running a full client, SupraLotto and dividends. BitSupra or SPA is also a Proof of Stake cryptocurrency rewarding each user running a full client and participates in securing transactions.
Not to be confused with BitSupra [SPA] there is also Bsupra, a special token purchased in the initial crowd-sale at the start of the project. It is divisible and can be traded but only 50,000 units will ever be created. At the end of the crowd-sale Bsupra tokens will be distributed according to the SPA percentage amount owned by user. Bsupra tokens work as ‘top seeds’ in every multi-level marketing network hosted on the Bitsupra platform, they are needed for the following actions:
– To start a new network or create a product on the Bitsupra platform.
– First level positioning in a network
– To participate in consensus groups and have decision-making rights.
– Using them to acquire additional users for your team or network.
All transactions using Bsupra requires a small fee that will go to node operators.
BitSupra seems to be attempting to take MLM and network marketing to a new level by decentralizing the industry and bringing transparency and consensus into the mix through blockchain technology, thereby leveling the playing field for all.
BitSupra is to launch the world’s first decentralized multi-level marketing (MLM) hosting platform issuing a digital asset called BitSupra [SPA] that will serve as fuel for the network, built using the Counterparty protocol and the Bitcoin blockchain.
Most people have all known someone or have been part of a multi-level or network marketing company at some point in their lives. But while some have been successful, more often then not the majority of people who do get involved with these types of programs end up losing money and getting burned in the end.
Some of these types of programs have found a way into the crypto space, like MMM Global and Onecoin that have been reported as being scams. This has not only given the network marketing industry a bad name, but has also had an impact on the digital currency environment as well. Changing the way we look at MLM
BitSupra looks to change the way we look at MLM or network marketing all together by providing a decentralized transparent platform where anyone can create an MLM program where everyone has an opportunity to share profits instead of just a handful of people at the top of a centralized organization.
BitSupra focuses on the privacy of users and maintaining anonymity within the network as there are no personal details collected when registering a user ID/account. Each user account will contain a unique address, user balance and user info including join date, active product and release dates, dividend information, […]
