Q1. What is The Bitcoin Initiative?
A. The Bitcoin Initiative is a Subscription Service where members receive valuable information into the world of crypto currencies. In addition members have the opportunity to earn bitcoin when referring other users to the platform.
Q2. How does The Bitcoin Initiative work?
A. When you join The Bitcoin Initiative you join a community of like-minded members who are interested in subscribing to valuable content and services.
Q3. How do I join The Bitcoin Initiative?
A. Follow the link provided by the person who invited you or go directly to our signup page and fill out the registration form. Go to: http://www.btcinitiative.com/signup.
Q4. Is The Bitcoin Initiative available worldwide?
A. Yes, The Bitcoin Initiative is available to anyone with an internet connection, a Bitcoin wallet and the willingness to become a member.
Q5. What payment processors are used?
A. We only use Bitcoin to make it easy for members to make contributions to other members.
Q6. Can I have more than one account in the referral program?
A. Yes you can but it is strongly recommended that you do not stack them. For example, you create another personal account under your first account. This is considered stacking. This is an unethical practice.
Q7. Are there any refunds?
A. All membership fees are a monthly cycle. Due to the nature of the platform all fees are final. If you do not wish to continue receiving the membership benefits you may cancel by not renewing when the next billing period arrives.
Q8. I don’t have a bitcoin wallet where do I go to open a bitcoin wallet.
A. Our platform offers 2 methods of payment, automated and manual. Using our automated service we will provide a bitcoin wallet for you to manage.
Some recommended wallet services:
Q9. What does the “due date” mean in the back office?
A. It is the date your next membership or service fee payment is due. Membership payments are a monthly subscription. In The Bitcoin Initiative we renew monthly to receive monthly referral fees from our team members.
Q10. Do we only upgrade to the next level after 1 calendar month?
A. You should upgrade to the next level the moment you are able to so that you don’t miss out on commissions coming to you for those levels.
Q11. Are you allowed to upgrade at anytime?
A. Yes. You can upgrade at any time. Each membership level has significant benefits in terms of level of information available to you as a Bitcoin Initiative Member as well as your ability to earn more within the binary platform.
Q12. Is it possible for down lines to upgrade to your upline instead of you if you’re not on that level yet?
A. Everyone can have their own unique experience in the system. It is best to upgrade the moment you are able to. If you don’t you will miss commissions for the levels you have not upgraded to if there are members below you on those levels who upgrade fast.
Q13. When will two people be assigned to me? I was under the impression that as each person joins they are assigned under each person and so forth under my level?
A. The Bitcoin Initiative is a community effort. When a member signs up, they are placed in the next available position in the system. This is a community working together which will allow for the system to be filled perfectly on every row. That spot may not be directly under your team but keep in mind you will receive a commission as a direct referrer if you referred that person regardless of their placement into the system.
Q14. Isn’t this like a pyramid scheme?
A. Well a pyramid scheme means that only the top members of the hierarchy get paid whereas The Bitcoin Initiative is a product and services platform that allows every member to earn in two ways. From their down line within their system and from their own direct efforts of referring new members to join the intiative. Each users experience will not be the same, yet every member has the same opportunity with the system. It depends on you the member how you experience will be.
Q15. Do we have to pay the admin, level 1, level 2, level 3 and the level 4 fees every month?
A. Yes and No. To receive any commissions or referral bonuses you must have paid the admin fee for that month you are in.
To receive level 1 donations you must have an active level 1 membership.
To receive level 2 donations you must have an active level 2 membership.
To receive level 3 donations you must have an active level 3 membership.
To receive level 4 donations you must have an active level 4 membership.
***Important: To upgrade or renew as a level 2 you must be active as level 1…or
To upgrade or renew as a level 3 you must be active level 1 and 2…or
To upgrade or renew as a level 4 you must be active level 1,2 and 3.
Q16. When using the hash id to submit proof of donation the system says Hash ID already used?
A. It may happen that you selected the wrong Hash ID when you upgraded or that you did not follow the safe rule of only using blockchain.info to make you subscription payments in the program.
Q17. Can I use the same IP address to help my team to open accounts for multiple people?
A. Yes you may as long as you don’t stack accounts.
Q18. What happens if I don’t pay my monthly subscription?
A. You will not have access to the benefits of that level memberships within the website and you will not be eligible to receive that levels commissions in which you received in the previous month.
Q19. What happens if I don’t pay my monthly service fee?
A. In order for The Bitcoin Initiative to maintain your website we have asked all members to pay a service fee. So we ask that all members remain active on their service fee. If you become inactive due to lack of payment, any commissions due to you will be lost regardless if you still have an active level membership. Your commissions will be sent to the next active upline member. It is best to keep up-to-date on your service fee as to not miss out on any well earned commissions.
Q21. What if I can’t find members to join?
A. One of the great benefits is that we are a community. Being a member in any level has its benefits and you can still earn a commission from your down line. This is separate from earning a commission as a direct referrer. We are a team and we all grow together.
Q22. Why does The Bitcoin Initiative have subscription payments?
A. We research and organize content on a monthly basis that is current and relevant to you.
Q23. When should I upgrade to the next level?
A. There are multiple benefits to upgrading:
- You will receive more information and resources based on what level member you are.
- Your ability to earn commissions, based on what level member you are, increases.
- You can be put in a pool for free referrals once you are a level 2 or higher and remain active at the time of new member signed up.
The Bitcoin Initiative is a Membership Platform providing information and resources into the crypocurrency marketplace and is made available World-Wide.