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 Retail Only product is a $35 a month marketing system using eBook advertising with a final purchase of an additional $350 which does not include sharing in Pledges. 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 their first month $35 marketing system. Including the initial pledge, the individual agrees to automatically pledge a total of $474 from pledge profits for the system. Those electing to participate by registering will also receive according to the Pledge Distribution Formula. The automatic pledges from earnings will eventually move the individual to Rank5 in the 30 Pair Tree opening their bank, and Rank1 in the 300 Pair Tree. All further ranks must be manually pledged by the individual from received pledges through StepUp to receive pledges on higher ranks. Once reaching Rank1 in the 300 Pair Tree, additional eBook branding / advertising is available.
Pledges – Pledges are made from one individual directly to up to three projects, 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 Pledges cannot be withdrawn until reaching Step 5, except in special circumstances.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. The software will automatically take from earned pledges to promote to Rank 5 in the 30 Pair Tree and 300 to promote to Rank1 in the 300 Pair Tree. The individual will need one Team / Pool Point to receive Pledges on Rank6, two for Rank7, and three for Rank8 and Rank 9 in the 30 Pair Tree. Do not wait to start getting your pool points just because we are lenient on the first few ranks. ALL Pledge Points including optional pledges are derived from the sale of products. Pledge Points are often called Mall Points.
Customers purchase a product at full retail with NO interest in the IPF Pledge Points. See the 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, 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 the wallet of the individual LOGGED in for payment. If you want overpayments to YOUR wallet, make sure YOU are logged in during payment..
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 and NEM. We plan to use Stellar in the future for other DAO projects. Purchases of the 300 Pair Tree which include the bonus IPF MyCryptoPatent (before September 1, 2019) are recorded. This is a utility token that can only be redeemed for a base Crypto Patent.
Revised on: December 3rd, 2019
IPF © All Rights Reserved 2018
Clarification of Product and Pledging.
The product is the entire marketing system and brandable eBooks. The retail price is $35 a month and after the first month you can purchase unlimited use of the system for $350. If you agree to join the Pledge Distribution by registering, you can retail the product at $35 and $350 providing a $5 and $50 discount coupon, with a the direct pledge of $20 and $200 respectively back to you from the purchaser. We currently have six eBooks under the 30 Pair Tree (Phase1) and one bonus eBook under the $300 full system. Each eBook with unlimited changeable 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 5 in the 30 Pair Tree and Rank1 in the 300 Pair Tree. This will unlock your wallet for withdraw. We are effectively giving you a draw against commission to let your earn your way. You are grandfathered to receive through Rank 5 in the 30 Pair Tree and Rank4 in the 300 Pair Tree before needing Pool Points in the required Pair Tree.
Revised on: December 3rd, 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.