When you buy a ticket or become an affiliate, you are accepting the terms and conditions of this page, where we will describe your rights and obligations.
GoBitcoin reserves the right to modify these terms at any time by notifying its Active Affiliates via their registration email of such changes. In this case, the Affiliate that continues using its Affiliate Panel and participating in GoBitcoin will be agreeing to these modifications.
All GoBitcoin schedules are according to London time (Greenwich Time). Any communications should be made via email to [email protected] .
When you purchase a GoBitcoin ticket you are participating in a worldwide contest whose prize is defined based on the number of tickets sold.
The ticket price is set at 0.001 Bitcoin and the prize for each contest is equivalent to 45% (forty-five percent) of the total collected from ticket sales.
The contests take place weekly, beginning with the sale of tickets on Friday 00:00:00 and ending next Thursday 23:59:59.
You can purchase your tickets through the website https://gobitcoin.world using your own Bitcoins or through an active GoBitcoin affiliate who will convert the ticket price to your local currency. The conversion rate is set by each affiliate without any interference from GoBitcoin.
Each ticket issued is linked to the buyer's e-mail. It is extremely important to check the data entered at the time of purchase, because once issued, the ticket cannot be changed. We will contact you via the email linked to the winning ticket and will ask for a bitcoin wallet address to send you the prize. A Bitcoin transaction to the wrong address cannot be reversed and the prize will be considered as paid.
In case of purchase of tickets directly through the website, the partial payment of the amounts will be considered as a donation to GoBitcoin, being the buyer's sole responsibility to verify the amount due at the time of payment. No ticket will be issued for less than the amount due.
In case of higher payment by the buyer, the tickets requested will be issued and the surplus part will be considered as a donation to GoBitcoin.
Tickets will be issued after confirmation of payment. To make sure the tickets have been issued you must check the website at https://gobitcoin.world/draw-history.
The draw is held on the Saturday following the closing of the ticket sales for the contest, based on three parameters: The Dow Jones Stock Exchange Index, the Hong Kong Stock Exchange Index and the number of tickets sold.
The stock market indices are those at the end of the week in which the draw takes place, usually obtained at the closing of the stock market on Friday's trading session. However, if there is a holiday or early closure of activities, for any reason, the index used will be that of the time of the draw (Saturday 23:59:59). The number of tickets is obtained with the closing of the ticket sales, which occurs on Thursday 23:59:59.
The winning ticket number is obtained by the mathematical formula displayed on the website https://gobitcoin.world, which is the rest of the division: ( multiplication of the Dow Jones stock exchange index by the Hong Kong stock exchange index) divided by the number of tickets issued. If the rest of the division is equal to zero, the ticket drawn is the last ticket issued, i.e. the one with the highest numbering. The GoBitcoin prize never accumulates.
Affiliate is the person who decides to register with GoBitcoin.
GoBitcoin recommends the use of a secure password as it is used for withdrawals, ticketing, transfers and access to the affiliate panel. It is the Affiliate's sole responsibility to share his/her password with other people. It is recommended that access to the Affiliate's panel is not via public internet networks or public computers.
Affiliates receive access to a Power Point presentation, which they can use to present the GoBitcoin Business Model to others. It is strictly forbidden for Affiliates to change the Power Point presentation, and any suggestions for change should be directed to [email protected] .
An affiliate can pay a 0.02BTC activation fee to have the right to issue tickets and invite people to their affiliate network. To remain active the affiliate must issue at least five tickets per draw. If it becomes inactive, the affiliate must pay the activation fee to regain its active status. Only an active member can receive commissions.
The Affiliate can deposit Bitcoins to their Affiliate Panel or request the transfer of Bitcoins to other Affiliates, trading directly, without any interference from GoBitcoin. Bitcoins deposited to the Affiliate Panel are used to pay the activation fee, to issue tickets or to transfer to another user. The Affiliate can also request withdrawal of Bitcoins deposited on their Affiliate Panel, which will be transferred to the Bitcoin wallet pointed by the Affiliate himself. It is very important that the Affiliate checks the address of the Bitcoin wallet they insert in the forms, because it cannot be changed. The withdrawal request will be processed within 48 hours and can be cancelled through the statement until the sending of the requested value is initiated by the system.
An Affiliate can receive commissions in two ways: 1) For selling tickets from its affiliate network; 2) For activating new Affiliates in its network.
For ticket sales, the Affiliate who makes the direct sale receives 8% of the ticket price as commission, which is instantly credited to their Affiliate Panel. Affiliate sponsors receive the following percentages as commission: First Level 8%, Second Level 6%, Third Level 5%, Fourth Level 4%, Fifth Level 3%, Sixth Level 2%, Seventh Level 2%, Eighth Level 1%, Ninth Level 1%, Tenth Level 1%. In the absence of any sponsor, or when the sponsor is not active, the Affiliate receives the commission that is no longer paid to the absent or inactive sponsor.
For the activation of new affiliates, the Affiliate must fulfill the requirements of Collaborative Multilevel Marketing in order to be eligible to receive the respective commissions. When the Affiliate pays the activation fee, he becomes an Affiliate, first status within GoBitcoin's Multilevel Collaborative Marketing, which receives 10% of the activation fee paid by his direct nominees. With three active direct referrals, Affiliate moves to Start Up status, receiving in addition to the 10% activation fee paid for their direct referrals, 10% activation fee paid by their second level sponsored (direct referrals). With at least three direct referrals with Start Up status, Affiliate moves to Group status, receiving in addition to the previous commissions, 10% on the activation fee paid by their third level sponsored. With at least three direct referrals with Group status, Affiliate moves to Group Manager status, receiving in addition to previous commissions, 10% over the activation fee paid by their fourth level sponsored. With at least three direct referrals with Group Manager status, Affiliate moves to Director status, receiving in addition to the previous commissions, 10% over the activation fee paid by their fifth level sponsored. With at least three direct referrals with Director status, Affiliate passes to Executive status, receiving in addition to the previous commissions, 10% over the activation fee paid by their sixth level sponsored. With at least three direct referrals with Executive status, Affiliate passes to Investor status, receiving in addition to previous commissions, 10% on the activation fee paid by their seventh level sponsored. With at least three direct referrals with Investor status, Affiliate passes to Investor Group status, receiving in addition to previous commissions, 10% of the activation fee paid by their eighth level sponsored. With at least ten direct nominations with Investor Group status, the Affiliate passes to the status of Chairperson, participating in a division of 2% of revenue with ticket sales among all Affiliates with Chairperson status, called the Chairperson Bonus, which is deposited at the time of ticket sales closing for the contest. In the absence of one of the sponsors, the sponsor not being active, or not having the necessary status for receiving, the commission will be sent to the eighth level sponsor, and in the absence of the eighth level sponsor to the seventh level sponsor, and so on, from the most distant sponsor to the direct sponsor. In the absence of all sponsors the commission will be assigned to GoBitcoin.
In addition to the Chairperson Bonus, Affiliate can receive the Winning Ticket Bonus and the Bestseller Bonus. The Winning Ticket Bonus allocates 1% of revenue from ticket sales to reward the Affiliate who sold the winning ticket. This bonus is deposited at the same time as the drawing takes place. The Bestseller Bonus allocates 1% of revenue from ticket sales to the Affiliate who issued the most tickets, which can be viewed at any time at https://gobitcoin.world/bestsellers. In the event of a tie, the bonus will be divided equally among the Affiliates who have sold the most tickets. This bonus is deposited in the Affiliate Panel at the time of closing the ticket sale.
Any questions, suggestions, complaints or requests should be sent to the e-mail address [email protected] and the answer, when necessary, will be made according to the demand and chronological order of arrival of the e-mails.