Pledges

This is a 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.

  1. Agree they are entering a Common Law Contract Agreement and choose to pledge according to the Pledge Distribution Formula with no right to disclose or dispute outside the group. There are NO refunds or claims against past pledges. Make sure you have the correct Coupon ID on initial registration.
  2. Agree to purchase product at a retail coupon discount, which includes a company 20 eBook or a 200 IPF System Mall Point discount, which the buyer immediately pledges on purchase to the Coupon provider. The pledge is DIRECT to the Coupon provider and not via the company.
  3. After the initial product purchase pledge, all Mall Point pledges are direct from member to member based on the Pledge Distribution Formula.

During Prelaunch

  1. All wallets will not be able to withdraw. The company MAY allow up to $2 withdrawal during prelaunch to accommodate wallet testing. All withdrawals must include a bitcoin blockchain fee.
  2. All members will be qualified for Seven Floors for a period of two weeks after launch.
  3. Members who Pledge $254 with their eBook purchase will be qualified Seven Floors in the eBook for four weeks, receive one eBook Team Point for performance positioning at the end of prelaunch, and will not be able to withdraw until they step up pledges with their wallet funds through the Forth Floor in the eBook. $30 will be distributed as a normal purchase / pledge and the remainder will be placed in the purchaser’s own wallet, at the current bitcoin rate, to be used for step up pledges.
  4. Members who Pledge $1514 with their $254 eBook and $1280 Crypto Patent purchase will be qualified Seven Floors in the eBook for six weeks, receive two eBook Team Points for performance positioning at the end of prelaunch, receive two IPF System Team Point for performance positioning at the end of prelaunch, and will not be able to withdraw until they step up pledges with their wallet funds through the Forth Floor in the eBook, and Third Floor in the IPF System. The twelve top performance members Pledging $1514 will receive the twelve company Third and Fourth Floor positions. Based on performance. $330 will be distributed as a normal purchase / pledge for the eBook and IPF Crypto Patent and the remainder will be placed, at the current bitcoin rate, in the purchaser’s OWN wallet to be used for step up pledges.
  5. Other than the initial prelaunch twelve top performers, all members with at least ONE personal paid child in the respective project (eBook or System), will be placed under the company’s next available position from the top to bottom, left to right, equal distribution based on performance via Team Points, Member Team Points, and then registration date for the respective project. All others will be placed in their respective project under their Coupon Sponsor’s next available position, top to bottom, left to right, equal distribution based on registration date. If their coupon provider is not in the structure because the provider did not purchase, they will be placed starting at the first qualified available previous ancestor starting at the original coupon provider’s parent. It is expected that 50% of the prelaunch members will have no children and be on the bottom of the initial structure.
  6. All members agree that performance placement during prelaunch means children and grandchildren more than likely will not be below their structure. Only personal purchasers with no children will be in your structure. This can be good and bad. If they are not below you, they probably performed during prelaunch and you will receive better matches. If they are below you, and you sponsored a LOT of non performers, you could block yourself from immediate support from others after prelaunch.

After Launch

  1. All rules remain and all wallet withdraw will be released except for those pledging Floors during prelaunch, who must step up as pledged before withdraws are allowed, and all must reach Rank 5 in the eBook $30 system.
  2. Auto Purchase of the $30 System and Auto Step Up will occur to RANK 5 with everyone qualified, no sales required right after launch. After maximum step up for everyone, the GRACE will be turned off. This means if you do not have the needed team points to receive, you lose primary and secondary pledges to the pool per the Pledge Distribution Formula until you build your qualified teams. This could cost you seriously since you may miss many higher level pledges. Get your Team Points at least to two points as soon as possible. That is four personal sales and eight second level sales.
  3. New paid members will be placed in their respective projects under their Coupon Sponsor’s next available position, top to bottom, left to right, equal distribution based on purchase date. If their sponsor is not in the structure because the sponsor did not purchase, they will be placed starting at the first qualified available previous ancestor starting at the original sponsor’s parent.

Mall Points

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.

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 barter 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.

Revised on: April 20th, 2019
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Notice: Please seek professional tax and legal advice in your country on the implications of potential digital earnings, especially with our Pledge Distribution Formula.

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