#Wise token update#
Now, I am just assuming this is how the compensation plan works based on the limited information that I found, but either way, once the company launches, I will need to update this section. Usually, you can either pay upfront to join the higher levels right away or use your referral commissions from the previous levels to join the preceding levels. The proceeding levels offer a higher commission amount but in order to earn commissions from that level, you must also pay to join that level which is at a higher cost.
What that means is that there will be several levels that will have a certain amount of positions that you must fill in order to earn a commission from that level. Now, usually, when a company refers to the referral program as a smart contract, in my experience, the company is usually referring to a cycler matrix compensation plan structure of some type. The company pays 10% in referral commissions, and you must personally recruit someone that invests at least 50 Ethereum to qualify. The information that I found about the Wise Token smart contract compensation plan is this… The next section is the referral program. You can only purchase the Wise Token using Ethereum which is a popular and widely known cryptocurrency that has a good value at this time. The first stage will give their members the ability to purchase the Wise Token for the lowest cost with a limited supply and each proceeding phase will offer a higher cost with also a limited supply of tokens available.Īccording to the company, they will be doing this for 50 days.Įssentially, the company does this to promote a hype of the thought that those that purchase the Wise Token early will have the value of that token essentially quadruple or double depending on the phase that you got in at. This will be done in phases and will have a few “pools” of tokens available for purchase in each stage. They can offer the Wise Token for a lower cost because it is an ER-20 coin on which the company sets the value. The company is in a pre-launch or pre-position stage where you can join and buy the Wise Tokens for a much cheaper cost compared to when the company officially launches. The Wise Token compensation plan is coming out and is not very transparent with the information that I found, but I did find some token keywords that would lead me to believe that the compensation plan structure would be designed in a certain way that I will get into.
In this section of my Wise Token review, I am going to cover the information about how the smart contract works and how the compensation plan works.
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