[1:58 pm, 31/10/2022]
Larry Lane: Hey W.B. Here are the first answers they said please if you have any questions or need more information just let me know. Thank you my friend.
Larry Lane: 1. spreadsheet that models the math.
We can create a spreadsheet, but the math is very simple. When a customer purchases a package it is split the following way:
5% Direct Sales Commission
5% Admin Fee
45% Cycle Bonus
45% Sponsor Matching Bonus
This is a total of 100%. Please keep in mind there is no passive component to this contract, so there is no way the contract will run out of money. There is no money ever held on the smart contract. It is distributed automatically as listed above.
2. would like to study the smart contract code for any back doors, and
The smart contract will be on the Binance Smartchain Blockchain, and the code will be public for anyone to review.
3. see what 1-2 independent companies they've hired to complete code audits on this code and see their written answers, and
The contract is verified by Solidity, which is a third party that verifies that the code that was written matches perfectly with the code on the blockchain. If a company does not have a verified contract, you should not do business with them.
This contract is public on the Binance Smartchain Blockchain. Anyone can personally review it or hire any outside party if they choose to for a review. There is no instrument that produces any type of return that is linked to this smart contract. It is 100% based on the sales generated of the products.
4. who specifically coded, and.
The programming team is out of Norway, and have programmed some of the biggest smart contracts in the industry.
5. who separately, is insuring the Smart Contract for them---(Lloyd's of London?) to prevent from programmers or bugs building a backdoor into the contract, severing it's equity
This contract is public on the Binance Smartchain Blockchain. Anyone can personally review it or hire any outside party if they choose to for a review. There is no instrument that produces any type of return that is linked to this smart contract. It is 100% based on the sales generated of the products.
The smart contract will have a balance of zero at all times. The reason for this is because the funds are never held by the smart contract; they are distributed according to the smart contract code which is verified by Solidity. This means the funds are distributed directly to the affiliates who are owed the commission. They never go into a company wallet.
There is no reason to insure the smart contract, because there is no equity associated with the contract.
