Below is the update from the admin of MyGoldGenie
Notice: THE GENIE HAS FINISHED PROCESSING THE FIRST PAYOUTS. SCREENSHOTS FROM PAID MEMBERS WILL BE RANDOMLY REWARDED IN EGOLD GIVEAWAYS ON FORUMS WHERE MGG IS DISCUSSED. MAKE SURE TO POST YOUR MEMBER ID WHEN POSTING PAYMENT.
MyGoldGenie sets the standard for stability in the HYIP arena and is now ready to take into affect a fresh concept in re spending applied to profit share that is believed to be unique. A first for the Genie and a first for members to benefit from and enjoy. Not as strict as usual 50/50 rules that require you to wait until expiration to get paid. And no confusing varied percentage payouts to members depending on how much is re spent.
The wish of receiving 144% return on all spends to MyGoldGenie will be granted to all members that are willing to set the Genie FREE. What does this mean? Its simple! You will find that the Free The Genie Respend Rule is designed to stabilize the program for the long run and allows members to spend and profit as they wish, comfortably.
It took a bit longer than expected to program and implement, but its here and ready to go. The Free the Genie Respend Rule works like this:
The Genie will allow you to withdraw Cash Earned up to 60% of the 144% ROI on your oldest deposit with no re spend required. If you wish to have the remaining 84% of the 144% ROI you must set the Genie Free.
Here is how it works:
You can request Cash Earned and get paid up to 60% of the total 144% on your oldest deposit with no respend required, after which you will need to make another deposit equivalent to at least 30% of the value of your last spend to withdraw the remaining 84% of earnings.
Here is a clear example assuming you have one spend of 100 USD in the program:
1. You will be able to withdraw Cash Earned up to 60 USD. While this is the case, you will see on the Request Withdrawal page in your member back office, under the column Status, that it will read Normal.
2. Your earnings will then continue to accumulate in your Cash Earned balance as per the daily LSP but you will not be able to withdraw unless you make a spend equal to at least 30% of the total value of your of your last deposit.
3. In this example, you will have to re spend at least 30 USD in order to be able to withdraw your remaining earnings from your original 100 USD deposit. While this is the case, you will see on the Request Withdrawal page, under the column Status, that it will read Need Reinvest.
4. Finally, once you have made a deposit fulfilling the Free the Genie Respend Rule you will be able to request earnings from your oldest deposit ID without any requirement for additional re spends. While this is the case, you will see on the Request Withdrawal page, under the column Status, that it will read Cleared, meaning that you are cleared and ok to finish requesting all your earnings on that deposit. That it. Understood? Good!
Now for some other things to go over, changes that will benefit members and the program together:
1. On the Request Withdrawal page in your member back office you can request withdrawal from Cash Available balance two times per week now (the week is Monday through Sunday server time.) The server time is on the main page of the website and in your member back office. There are no limits on the number of withdrawals that may be made from your Commissions balance.
2. Payments are done manually for secure asset protection. Paydays will be on Wednesday, Friday and Sunday in the evenings server time. The cash out button will be available seven days a week, but if you request cashout on days payments are made, you will be paid on the next pay day. For example, if you request a cashout on Friday, you will not be paid out on Friday, but rather on Sunday, the next pay day. If you request on Sunday, Monday or Tuesday, you will be paid Wednesday. If you request on Wednesday or Thursday, you will be paid Friday. And if you request on Friday or Saturday, you will be paid on Sunday. Simple, jot it down if you need to.
3. Approximately 48 to 72 hour time frame on payouts. Reserve allocation has been increased from 3% to 6% of the profitshare distribution and the total rewards to be split amongst top promoters weekly will be 6% instead of 9% ((2% to first place, 1.5% to second and third place, and 1% to fourth place). This is very fair as many of you recommended. First rewards will go out on Sunday, April 29th after payouts are done that day. Rewards will be paid on Sunday along with payouts each week. WOW! Long Update, and thats it. The first payouts have been completed.
Adsoncommand has just paided me for the second time, the MMG forum has picked up over the last week or so and more and more people have began to post regarding payments, the admin has doen a good job so far and i see the support for this site will continue.
Payday: Dr-surf , Generation12 , Adsoncommand
Monday, 23 April 2007
MyGoldGenie Changes the rules and Adsoncommand pays...
Posted by yeepage at 23:58
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