Yes, indeed, such systems existed both 5 years ago and before the advent of the Internet, and they WORK.
However, it had several major problems:
1) Different payment systems constantly blocked the wallets of the participants.
2) Manual confirmation of transfers with all the ensuing consequences in the form of the human factor and constant proceedings, who transferred funds to whom and who did not.
3) There was no recurrence. A person once created a structure and once received money, albeit relatively large. And then all the turns went deep into the structure, and the participant did not get any more.
4) Closing or hacking a site meant a system crash, and hacking sites sometimes happened.
Cryptocurrency and Ethereum solves ALL these problems:
1) Wallet can not be blocked even in theory. The reverse side of the coin: in no case do not lose control over your wallet. It will be impossible to replace your wallet with others.
2) Public transactions and instant automatic confirmations. The human factor is excluded completely.
3) We made the function "REPEAT", which the participants themselves had previously requested in other systems. Once created a structure and receive income every year.
If people in your structure do not prolong their participation every year - your income increases many times over. More on the page How it works in the section "REPEAT".
4) Closing or hacking the site will in no way affect the operation of the system, since the CRYPTOHANDS smart contract is loaded into the main Ethereum network, and cannot be deleted by anyone including its developers.
This means that for the first time in the history of mankind (no matter how loud it sounds), there are real 100% guarantees that the account will not be hacked, and even theoretically when the site is closed, the Smart Contract and the System itself will continue to exist in any case.
Moreover, any programmer in the world will be able to make a NEW site based on the same smart contract, and any leader of the structure can make a site structure in the same smart contract. Therefore, the system is protected from any actions of the project administration.
The quick start guide is on the main page at the section of "How it works".
Detailed instructions are on a separate page How it works.
This is one of the most important questions!
For the first time in the history of mankind, there is not 99%, but 100% guarantee that NO ONE CAN BLOCK YOUR wallet or your account, even the administration of the project (this is a feature of cryptocurrency).
Guaratees are written on the page How it works in the last point "Guarantees".
Registration via login (mail or phone) and password is an outdated concept. Since the loss of access to mail means a loss of access to the account.
Successful purchase of the 1st level by your upline - is the fact of Signing up.
Brief guide is present on the page SIGN UP.
Detailed guide How it works in the section of "Sign up".
It is impossible to sign up in the system without upline. If you do not specify any upline, the smart contract will not accept the transaction. That is one of the fundamental points on the idea level.
The "Data" field is NOT a commentary or additional feature of any wallet. This is an integral part of the Ethereum blockchain itself.
While automatic registration through a referral link or inviter’s QR-code all the data, including “ DATA “ field with the address of your upline, are specified automatically. You just have to click the "Sign up in 1 click" button.
You can access your account in the page SIGN IN
Logging into your account is completely without a password and the account can not be hacked or blocked.
More information about logging into your account on page How it works at the section "Sign in".
Although the basis of the system is to build a structure from referrals, and referrals are the source of your profit, an interesting fact is that referrals are NOT REQUIRED.
In addition to the invitation,you can get referrals in two more ways: "Overflows" and "Free referrals". For each of these methods, read below in the following paragraphs.
Personally, you can only invite 3 referrals, which are attached directly to you and are called "referrals of the 1st line".
3 of your 1st line referrals (personally invited by You) also invite 3 of their referrals. These 9 participants in your structure are "referrals of the 2nd line".
Then, by analogy, you have 27 referrals of the 3rd line and 81 referrals of the 4th line.
If you continue to invite referrals when you already have 3, then subsequent referrals are attached to the depth of your structure and become your referrals of the 2nd, 3rd and 4th lines. This is called "overflow".
More about "overflow" you can see in the next paragraph "What is "overflow "?".
Overflow is the method of obtaining referrals from your uplines of all lines, at which, when filling all free slots with 3 referrals, the next goes to their referral by "overflow", that means to you.
Example: Your 1st line upline (your inviter to the system) invited three referrals, and continued to invite further, or did not immediately stop advertising. The fourth referral "overflow" to you, means attached to you.
If you have already filled all three slots with referrals, then they also "overflow " go even lower and attach to your referrals, becoming your second line referrals.
Note. Overflows fill not only all your 4 lines completely, but also go down below additionally to your 5th line, filling 243 more slots in addition to your structure from 120 referrals on all 4 lines.
After the 5th line the gas amount become more than payment amount. And even further, the overflows are limited by the Ethereum cryptocurrency itself, since the maximum possible limit of Ethereum gas is 8000000. Therefore, infinit overflows by the smart contract are impossible by definition.
Briefly:
Without a site through a smart contract up to 5 lines inclusive
Through the site to the 8th line inclusive
Detailed
Through the CryptoHands main smart contract, overflows work not only up to 4 lines but additionally up to 5 in depth. This means that you can personally invite 363 participants. 363 is a theoretical number if none of the referrals invite anyone else, which is impossible in practice. During the invitation of 363 referrals personally the structure manages to grow to several thousand people and works by itself.
Overflows are not infinit ONLY due to the limitations of the Ethereum cryptocurrency. If you make the overflow deeper than 5 lines, then the gas charge when sending a transaction will be comparable, and sometimes exceed the amount of the transfer, even if the transaction is rejected.
When registering via the website cryptohands.org, overflows work up to 8 lines due to the additional smart contract wich was created to save gas and increase the depth of overflows.
Through the site you can personally invite up to 9840 people. If you personally invite 9840 people, then during the invitation, the structure will grow to 100,000 people and more at the expense of active participants.
Free referrals are members of the system who have come for some reason WITHOUT a referral link.
Free referrals are distributed evenly throughout the system, and starting with those uplines, who earlier registered in the system.
IMPORTANT NOTE: Free referrals are distributed through the system NOT by a smart contract, but by the system of the site.
This is the ONLY thing that a smart contract does not make and that is why:
If free referrals were distributing by a smart contract, then with the growth of the System there would be huge calculations that would consume a huge amount of gas, which would not be beneficial for users.
Everything else, including the "overflow", distributes by smart contract.
You can, but they will become free referrals and get to other members of the system, not you. Since the system does't "know" you before you bought the 1st level.
Level - this is the status that gives the right to receive remuneration from referrals in their structure from the corresponding "depth".
Пример:
Level 1 gives you the right to receive a reward for purchasing level 1 from 3 personally invited referrals (your referrals 1 line).
Level 2 gives you the right to receive a reward for purchasing level 2 from 9 referrals invited by your previous personally invited 3 referrals (your line 2 referrals).
Level 3 gives you the right to receive a reward for purchasing level 3 from your 27 referrals of line 3.
Level 4 gives you the right to receive a reward for purchasing level 4 from 81 referrals of the 4th line.
Level 5 gives you the right to receive a reward for the purchase of level 5 (ATTENTION!) Again from 3 of your personally invited referrals of line 1.
Then again, by analogy, the 6th level gives you the right to receive a reward for buying a 6th level from 9 referrals of the 2nd line,
Level 7 gives you the right to receive a reward for purchasing level 7 from your 27 referrals of line 3.
And the last 8th level gives you the right to receive a reward for the purchase of an 8th level from 81 referrals of the 4th line.
Levels are bought only sequentially and in order. If you try to buy the 4th level without having the 3rd, then the smart contract will not accept the transfer. In this case, the money will not go anywhere and will remain with You.
The next will happen:
Bad news:
The money will go not to you, but to your upline of the same line, in this case the 3rd.
If you buy levels on time, this will NOT happen. Moreover, all subsequent levels (except the first) are already bought from earned money, not from their own.
Moreover. You will see in advance when the situation becomes "dangerous", and you will have enough time to buy each level.
If it happened once, it is NOT scary, since the profit at each level (except the first) is many times greater than the cost of the level, and even in this case after buying the level late, the funds for ALL subsequent purchases of the same level by the rest referrals go to you.
Good news:
If someone from your referrals does not buy the level in time, the money for it goes to you.
If even one of your referrals, for example, line 3, for some reason dropped out of the system (for example, lost access to the wallet), then ALL of it (not yours) 27 referrals of the third line transfer money to YOU! All other 3rd line referrals transfer money to you too.
An example is given only for one referral. And if there are two or several? Your income increases many times.
Result: The more rejected or inactive referrals you have in your structure, THOSE MORE, at times, YOUR INCOME WILL BE
The "REPEAT" function is an option that allows you to repeat the profit you have earned all the time each year.
In addition, each of your referrals who dropped out of the system, multiplies your reward.
The principle of operation is described in detail on the page. How it works in the "REPEAT" section.
Your account remains in the System forever, and at any time you can extend the levels and again receive income.
Yes, since no one forces you to transfer money to anyone. All transactions are voluntary.
There is nothing to be "burst", as there are no deposits on the % in the System, and all transfers are made irrevocably between the participants.
The smart contract does not store funds, but only redirects between the addresses of participants. There are no payments in the System, which means there can be no delays. Funds immediately go directly to the wallets of the participants.
See by yourself: balance of the smart contract is always 0 ETH.
Everywhere on the site we write that there is NO RISK in the system. We mean by this that all money is transferred immediately to your wallet and stored on it. This means that there is NO RISK.
However, it is worth considering that in the time interval between your registration and the registration of your first referral, a situation is created in which you have transferred to your upline 0.05 ETH, but have not yet received them back from your first referral.
Therefore, technically the maximum theoretical risk is 0.05 ETH. These 0.05 ETH will be returned to you immediately fully from the first referral.
Even if you specifically DIDN'T INVITE ANY SINGLE REFERRAL, sooner or later you will still receive referrals in the following ways without your participation:
1) by overflow from your uplines,
2) free referral from the System.
Therefore, even this symbolic risk tends to 0.
