CoinLine.org | Mutual aid fund | Lottery | Peoples bank

Line & lottery

Terms

Line is participants' active applications which are organized as a united line.
Application is bank deposit equivalent for receiving money from participants.
Deposit or activation is transference of crypto-coins by the participant to the line balance.
Line balance is money which was got from participants and was not spent.
Payment is money transference to the participant from the line balance in the amount of accumulations +30%.
Accumulation are application balance which increases with every new activation of the participant.

Operation Principle of Standard Lines
Making weekly activations (deposits) a participant makes accumulations in his application. Accumulations are increased by the sum of the last but one activation every week. The last activation becomes accumulations after getting payment.

Payment is calculated by the formula: accumulations +30% = payment. Payment is always got by the first participant in line who fulfilled all conditions. Payment formation for a participant occurs automatically if there is the required amount of money on the line balance. Process of sending BTC, LTC, PPC, MVR for formed payments is done several times a day.

If a participant gets payment at once after activation the sum of his single activation is divided in half: the first part is considered to be accumulations, the second part will become a new accumulation after the participant gets money.

For example:
1) A participant activated 10 BTC and reached the top of the line at once. The activation is divided in two parts by 5 BTC. The participant will get payment in the amount of 6.5 BTC and 5 BTC will stay as accumulations and be considered in the next payment.
2) A participant made 10 activations by 1 BTC and reached the top of the line. Accumulations are 9 BTC. The participant will get payment in the amount of 11.7 BTC and 1 BTC will stay in accumulations.

The time from the first activation till payment depends on general dynamics of line development and participants’ behavior. In case of panic those participants who were not captured by panic will continue participate and reach the top of the line faster because participants captured by panic are removed from the line without getting payments. Line can stop when there is only one active participant left and can start again if the second participant comes.

Active applications
When registered on the site an application is created for the applicant and given a permanent address for activations. Coins transference to the given address activates an application in line. The application is considered to be active and moves to the top of the line 7 days after activation. After the participant gets payment his application will move to the end of the line, stay active and continue moving to the top. Activation after getting payment is a necessary condition for getting a new payment. An application must be activated every 4-7 days.

Inactive applications
Applications that were not activated in time are transferred to the end of the line and not shown in it until a new activation. The amount of accumulations and the amount of the last activation will be decreased in 20% every 30 day if the last activation was made more than 30 days ago. New participants’ applications which were not activated during 21 days from the date of their creation will be completely deleted.

Maximum and minimum amount of activation

Minimum amount of the first activation is 0.04 BTC, 1.5 LTC, 10 PPC, 10 MVR.
Maximum amount of the first activation is 0.4 BTC, 15 LTC, 100 PPC, 100 MVR.
The amount of recurring activation is possible at the rate of -2% to +50% from the previous activation but no more than the amount of average activation in line +20%. The amount of average activation in line is calculated automatically and equal to the arithmetic average from the amount of all activations in line which amount is more than maximum permissible first activation.
If the amount of activation is less than permissible one, activation is not accepted and returned to the address minus commission 0.001 BTC, 0.15 LTC, 0.25 PPC, 0.25 MVR. This commission is called participant’s error commission.
If the amount of activation is more than permissible one, activation is accepted as maximum possible one and the difference will be returned to the participant address minus error commission.
There is no return if the returned amount is less than error commission.

Operation Principle of Lottery Lines
Lottery line is an alternative for numerous HYIPs, matrices and pyramids which are meant to be failed, scammed or restarted. Lottery line peculiarity is a line restart with its full zeroing every 2 months as scheduled beforehand.

Dates of the nearest lottery line restarts

01.07.2014 - Bitcoin lottery restart
15.07.2014 - Peercoin lottery restart
01.08.2014 - Mavrocoin lottery restart
15.08.2014 - Litecoin lottery restart

Lottery and Standard Line Differences

The application is active within 36 hours after activation, it’s possible to activate the application again in 24 hours after activation.
Max. and min. amount of activation is decreased in 2 times relative to standard lines.

All other parameters and conditions meet parameters and conditions of standard lines.

CoinLine.org