Hi all. 
Even if by the time this updates is released the rent referrals feature is not active for our users, we decided to release it now. It is actually in progress already and system is already collecting data for few days now.
Just a note -- Renting referrals will be available for Premium members at first, later it will be released for standard members too. We just want to thank our Premium users for trusting in us and buying Premium membership as before this, Premium membership did not had exact noticeable advantages, just some small benefits here and there, where now, it is directly pointed towards Premium users.
-- In more details ( Please read everything. IMPORTANT! ) --Rented referrals addon is common feature on most paid to click websites for years now. It has some minuses and pluses, but at the same time, it is a must have thing.
Probably most users are very familiar with it already as we are sure most of you have tried it already on other sites. Sometimes it is bad experience as rented referrals can be very inactive, or great experience as they might bring big profit for investors. Most of you already noticed that we like to do things different, and this is no exception.
-- Let us explain OUR rented referrals system and how it works:Please note this will be available from Tuesday - 26th February.
-- Each member that has been our member for more then 7 days can apply for a job ( to be a rented referral ).
We call it job application. On the left menu, under referrals section, you will find link to apply for a job.
Member will be able to set his own price based on last 7 days earnings from clicking ads and made deposits, because this is ways your referrer will earn from you when he rents you. Earnings are already being recorded from previous Tuesday evening.
User will be able to set from 80% up to 120% price for him self for the premium users and 30% to 70% for standard users based on last 7 days earnings times 4. Why this...? because you will be rented for 30 days period and 7 * 4 is 28 which gives enough accurate earnings scale. Member who will rent you will earn from the same actions that your last 7 days earnings where calculated.
This is a little bit complicated so here is an example: If in last 7 days your combined earning are 1000 sat, then you can set price from from 3200 sat to 4800 sat for premium users and from 1200 sat to 2800 sat for standard users. When someone rent you for 30 days, he will earn from your each ad click and your deposit, so if you earned 1000 sat in last 7 days, you will probably earn about 4285 sat per 30 days, 100% from that will earn premium user and 50% for standard.
When setting your own price, please be vise and do not set too high or too low price because based on your earning for users who will rent you, they will give you ranking at the end of rent period, later users will be able to chose what ranking users they want to rent, so members with low rankings can be left behind and naturally, the ones with the highest rankings will be most likely to be hired fastest. Now what that all rent thing gives you. Please read following: You, for just being a rented user, will earn 30% of your price to your account balance at the end of rent period per single rent. We made possible for a single user to be rented at a one time of up to 5 times, so if you earn good, you can be rented even 5 times, that will give you 150% additional, free, no expenses, and no additional work earnings on top of what you anyway are doing now.
For example earn like 7,000 sats in last week, set price of 100%, be rented 5 times at once, and after 30 days, receive additional 42,000 satoshis just for being an active user with absolutely no additional work involved!
One thing: If you are a free agent and no one hired you, we need you to keep on refreshing your listing, as only members who updated their listings last week, will be available to rent this week.
Be active, click all ads and we are sure you will be hired.
-- Now users who are planning to rent referrals --We just want to repeat our self that this feature will be available for Premium members only at the start, later it will be available for all users.
First round of renting referrals or hiring employees will open at 4th of March. This is because only members will be available to rent that had updated their applications, or have applied the week before this one.
Following is important. Premium members can rent on Saturdays and Sundays of each week ( standard will be able to rent on Sundays ), one time per week. However, if you want to rent referrals earlier then Saturday, you will have an paid option which will be valid for one day ( the day you will purchase it ), but note, that even if you will purchase priority, you will still be able to rent referrals only one time per week. Every new week from Monday, everything refreshes and new referrals are placed in market and your options are refreshed.
Renting ( hiring ) is based on first come first served basis, that means that if there are no users for rent, that means all available referrals for this week has been already rented out and you will need to wait for the next week pool.
Please note, that rented referrals system is direct minus to our funds so we need to have ways of recovering some of that. More paid options will be available in future, but that in no means prevents you from renting, in fact we believe that there will always be referrals available for rent, but we can not guarantee that as it all depends on our users.
When renting referrals, you will select a pack to generate, you will see a total price for it depending on users set price and more other details which will help you decide to finalize your payment or generate new pack. Pack is generated on 80/20 basis, that means 80% of users will be selected from highest earners no mater what price they have set and the rest 20% from the lowest earners, so everyone would have a chance to prove them self. This might be for the best as the total price will be lower and there might be that lowest earners will earn much more then the price set.
There are no option to recycle referrals as you seen on other programs, but the simple fact that user bothered to apply for a job, means that he is most likely to be active user and have interest to stay active.
There are no option to extend your referrals, but in future, when rankings will take place, we plan to make original rent period longer then 30 days and so you will rent referrals for longer that means you might have profitable days for longer.
At the moment rental period will be 30 days, but we might extend it in future, we will see by users feedback and gathered data.
After rent period will expire, users who have rented referrals will be asked to give their rank for each expired referral, this will help a lot in future as users will be able to chose minimum rank users to add in rent referral pack they want to generate.
Premium members have: 500 RR max limit ( we will have paid and free options to lift this limit in future ),
100 RR Pack limit per single rent - maximum 100 rented referrals can be rented per one time,
100% from rented referrals any ads clicks,
20% from rented referrals deposits
Standard members have: 100 RR max limit,
50 RR Pack limit per single rent - maximum 50 rented referrals can be rented per one time,
50% from rented referrals any ads clicks,
10% from rented referrals deposits
You can see premium benefits in Upgrade page.
Again we will just repeat. Rented referrals feature will take effect from Tuesday - 26th February first stage and 4th of March second stage. Apply for a job from 26th February and Premium members will be able to start renting from 4th of March.
-- Other details:We are sending more and more payments daily to all without exceptions. We just want to ask you to give us a hand and help us by posting your payment proofs. You see that we have designed an environment for you to earn big, no mater you are an free member or an investor, please think of giving something back and at-least share your payment proofs, this will help us a lot as more and more members will see that we really do pay and eventually attract more and more users and that's all what we need, more and more Bits-Pays users. From this everyone benefits. This is our only request to you, this is not hard and you could really try to do something in return for program that gives you 100% FREE earnings. Thank you all a lot in advance
One more thing about payouts. If you noticing your request being canceled, that means there is something wrong, that means we have tried to contact you by the email you have registered with us, but if we don't get an response from you, we don't have any other choice but to cancel your payment in relation to trigger your interest so you would contact us your self and ask us why. Please don't just re-request your withdraw, please try finding out why this is happening as if we are not sending you your payment, that means something is wrong and we just can not send it until we get your help with it.
By the way, daily logged in counter should be fixed already, we just wait for new month to arrive and confirm that.
Still, there so many new features and updates for our existing modules waiting our attention, so we don't wait and stuck in our heads in to our screens and continue coding.
Keep your eyes and ears for new updates.
Meanwhile, wish all of you best of luck and great returns.
Best regards from all our team.
Bits-Pays staff.
