Common Law Contract
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NUMBER 1 RULE: You agree this is a contract exceeding any other conflicting contracts or laws. If you do not agree to our contract, DO NOT REGISTER to participate in the pledge program.
Customers are purchasing a product at full retail with NO interest in the IPF Mall Points. See refund policy.
Members – agree to the following rules upon free registration in the IPF.
Mall points are initially referenced to bitcoin. This means as the bitcoin price goes up or down the value in your wallet will change accordingly. Pledges are direct transfers of bitcoin to your bitcoin wallet. This also means you may initially receive enough bitcoin to pledge a step up, but due to bitcoin price change, you may need to receive more to have sufficient funds. It is usually best to step up as soon as you can do so, provided there is a potential gain from your group stepping up. You may pay more than the required product price and the overpayment, less $0.50 of bitcoin as a fee, will be placed in YOUR wallet. This would allow you to "cushion" your wallet in the event of bitcoin price changes. We held up the launch until bitcoin was once again stable and moving up. Get in now. Some previous members made 10 times their commissions on the price of bitcoin rising.
Initially, the points will be able to withdraw directly to your bitcoin wallet, but as the full Circulating Currency and the Mall are implemented, you will need to use your funds to purchase from the Mall. This will not be a challenge because virtually every product and service will be available to purchase via the Mall and coupon rebate system worldwide. This includes your groceries to your mortgage payments. Additionally, certified merchants will directly accept a percentage up to all Mall Points for products and services. The end goal is everyone will earn Mall Points from the increasing number of new first time customer purchases and be able to use them to exchange within the group for products and services.
Future projects may use different crypto currency and may be placed either by first purchaser or performance depending on the project rules. You would be well advised to obtain a wallet in addition to bitcoin from Stellar, NEM, and Waves. We plan to use Waves in the future for other DAO projects. Purchases for the IPF Crypto Patent will have a NEM token assigned to those with a NEM wallet after launch, which will be transferable via the blockchain outside of the company until exchanged for a patent. This is a utility token that can only be redeemed for a base Crypto Patent.
Notice: Please seek professional tax and legal advice in your country on the implications of potential digital earnings, especially with our Equity Distribution Formula.