This is a Common Law Contract.
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NUMBER 1 RULE: You agree this is a contract exceeding any other conflicting contracts in effect. If you do not agree to our contract, DO NOT REGISTER to participate in the pledge program.
The Product - The initial product is a $35 a month marketing system with a lifetime purchase of an additional $350 which will include a Bonus Crypto Patent thourgh 1 September 2019. Optionally, we want individuals to join the Pledge Distribution Formula and OPTIONALLY Pledge $10 to the company and Pledge $20 in bitcoin directly to the coupon provider to waive the first month $35 marketing system. After the initial pledge, each $32 in pledges to three combined projects will waive another $35 monthly fee. If the individual Pledges the company an additional $100 and Pledges $200 in bitcoin directly to the coupon provider, the $35 marketing system will be waived for the life of the program and they will receive a bonus credit for a $350 basic MyCryptoPatent up to September 1, 2019. The bonus after that date will be advertising in the Small Dreams Have No Magic eBook.
Pledges - Pledges are made direct from one individual directly to up to three projects and the pool, sent currently in bitcoin. The company software determines which projects to direct the pledges to by opening a channel between the sender and receiver according to the Pledge Distribution Formula. The Pledge stays in the original bitcoin address of the sender on the blockchain until a receiver action withdraws the pledge closing the channel between sender and receiver. All pledges and distribution are fully transparent and traceable in the back office. Pledges cannot be withdrawn until reaching Step 5, except in special circumstances. This is to protect the individual and keep them qualified for more pledges. Auto Step Up to Rank 5 in the 30 and Rank 9 in the 300 pledges is agreed to as part of this contract. The 30 is always stepped up to Rank 3 or Rank 5 if the position has ONE Pool Point before the 300. ALL Pledge Points including optional pledges are derived from the sale of products. Pledge Points are often called Mall Points.
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 stepping up. If you pay more than the required product price, the over payment, less $0.50 of bitcoin as a fee, will be placed in YOUR wallet. So if you accidently send your house payment, it is refunded to your wallet.
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 trade 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 or Stellar in the future for other DAO projects. Purchases which include the IPF Crypto Patent (before September 1, 2019) will have a NEM token assigned to those with a NEM wallet in the future after launch, which will be transferable via the blockchain outside of the company until exchanged for a Crypto Patent. This is a utility token that can only be redeemed for a base Crypto Patent.
Revised on: May 19th, 2019
IPF © All Rights Reserved 2018
Clarification of Product and Pledging.
The product is the entire marketing system and brandable eBooks. The price is $35 a month and after the first month you can purchase unlimited use of the system for $350. You can ONLY retail the product at $35 and $350 with a the direct commission of $20 and $200 respectively. You are NOT a part of the Pledge system. If your customers decide to join the Pledge system you will receive NO matching pledges, they will go to the Pool. Contact the company if you want to direct retail or other marketing options. We currently have five eBooks and more are to soon be added. Each eBook with unlimited changable advertising would cost more than what we charge for the entire system.
If you optionally elect to join the Pledge Distribution Formula, we effectively use a combination of your personal pledges for $30 and $300 and pledges received in the system to "step you up" to Rank 3 in the 30 Pair Tree and Rank 1 in the 300 Pair Tree. Additionally, the system will step you up to Rank 5 if you have sufficient pledges and one Team Point. This will unlock your wallet for withdraw. We are effectively giving you a draw against commission to let your earn your way to Rank 5. You are grandfathered to receive through Rank 3 in the 30 Pair Tree as a bonus.
The BONUS MyCryptoPatent is provided "as a bonus" up to September 1, 2019 to all new members in the 300 Pair Tree. After September 1, 2019 the Bonus is Small Dreams Have No Magic advertising. The MyCryptoPatent will become a separate paid product. The 300 Pair Tree will continue to be the lifetime membership for the system waiving the $35 monthy cost but change the bonus to Small Dreams advertising.
Revised on: August 20th, 2019
Notice: Please seek professional tax and legal advice in your country on the implications of potential digital earnings, especially with our Pledge Distribution Formula.
Warning: This entire compensation plan and software, including this website and videos are under copyright. Do not copy ANY of the material in any form on any of the websites. You will be terminated on first offence with no questions asked.
Copyright 2018: Genus Enterprises LLLP All Rights Reserved.