Terms and Definitions for MagicLime Academy

Terms and Definitions

Premium Account – a paid service that provides access to limited features of the Platform. Payment for the purchase of a premium account is a one-time and fixed. Features available when purchasing an account are located at https://app.magiclime.academy/buy_premium.

Bonus program – the MagicLime Academy loyalty program, a system of rewarding Clients, with the help of which Users can receive additional income.

Lime coins – the main virtual currency of the Platform used for mutual settlements on the Platform.

Bitlime Bonuses – a special bonus sub-currency converted from Lime coins and used to participate in the bonus program, gain experience and places in the User’s team.

Accounting system – System – accounting table that fixes the number of transactions and the sequence of payments to Participants.

Clone – a virtual system aimed at duplicating the Participant in downstream systems. Clone allows you to create new grids without creating an additional account. Behind each Clone new places are filled.

Smart Clone – a virtual system aimed at duplicating a Member in downstream systems, the algorithm of which is to search for a Member of the System who has not received payments in the bonus program. Based on the results of the automated search, the Smart Clone enters the Participant’s system to provide such a Participant with a guaranteed one-time payment.

Affiliate payment – payment to a higher Partner in the system.

Payout – a bonus sub-currency paid by the Platform to the Participant as a reward for fulfilling certain conditions of any of the bonus programs.

Level – a separate part of the bonus program, containing special conditions for passing and paying out.

Entry fee – a fixed amount of Bitlime bonus subcurrencies, aimed at activating a particular bonus program. Each bonus program has its own entry fee.

Piggy bank – the amount of Bitlime bonus subcurrencies accumulated by the Participant during the passage of a level in the bonus program in order to move to the next level in the System.

Mentor – a Participant located one line higher in the system and who is the person who provided the referral link to join the bonus program.

Disclaimer

^** The information provided on the website are not an investment advice, they comes from the project’s source materials, corporate and partner presentations and my work with the project. They were presented according to my current knowledge and experience.

Risk and profit

Every businesses and new opportunities involve a risk. The greater the input (resources, work), the greater the risk but also the greater the potential profit.
Lost opportunities are also a risk.
Think! and analyse what you (don’t)choose.