Forsage is a decentralized platform that operates on the Ethereum blockchain. It is a smart contract-based system that enables users to earn cryptocurrency through a referral-based matrix system. Users can earn by participating in the platform and referring others to participate as well.
What is Blockchain Decentralized system?
Blockchain is a digital ledger of transactions that is distributed across a network of computers, rather than being stored in a central location. This decentralized structure allows for transparency and immutability of the recorded data, as well as increased security and reduced risk of hacking or fraud. In the case of Forsage, the platform utilizes the Ethereum blockchain, which allows for the creation and execution of smart contracts.
These smart contracts are self-executing contracts with the terms of the agreement written directly into the code. This allows for the automatic and transparent execution of the matrix system and the distribution of commissions to users.
How Forsage works
Forsage is a smart contract-based matrix system, which means that it operates on a referral structure. When a user joins the platform, they are placed in a matrix and are required to purchase a slot in order to participate. Once they have a slot, they can then refer others to the platform and earn commissions from their investments.
Forsage working Matrix
The matrix is divided into two levels, with the first level requiring the purchase of one slot, and the second level requiring the purchase of three slots. Each slot represents a position in the matrix, and as users refer others to the platform, they earn commissions based on their position in the matrix and the level they are on.
Commissions are earned through the investments of individuals that are referred to the platform, and these commissions are paid out in the form of Ethereum, which is the cryptocurrency used on the platform. As more individuals are referred to the platform and more investments are made, users can earn higher commissions and move up in the matrix.
Currency used in forsage
Forsage uses Ethereum, a cryptocurrency, as its native currency. Users can buy and sell various goods and services on the platform using Ethereum
To transfer Ethereum (the currency used on Forsage) to another user on the platform, you will need to have an Ethereum wallet that supports the ERC-20 token standard. Once you have an Ethereum wallet, you can send Ethereum to the other user’s wallet by providing their Ethereum wallet address and the amount of Ethereum you want to send.
It’s also worth noting that depending on network traffic, a transfer may take some time to confirm, and you may have to pay a small transaction fee in Ethereum to complete the transfer.
It’s important to be aware that investing in cryptocurrency is generally considered to be a high-risk investment, due to the volatility of the market and the lack of regulation. Before investing in any cryptocurrency, it is important to thoroughly research the platform and its underlying technology, as well as the team behind it. It’s also important to consult with a financial advisor and do your own due diligence.