Frequently Asked Questions
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This section will be filled up with explanation videos soon and will be extended with further answer that our support team is dealing with on daily basis.
First of all, what is Bitcoin?
Bitcoin (BTC) is known as the first open-source, peer-to-peer, digital cryptocurrency that was developed and released by a group of unknown independent programmers named Satoshi Nakamoto in 2008. Cryptocoin doesn’t have any centralized server used for its issuing, transactions and storing, as it uses a distributed network public database technology named blockchain, which requires an electronic signature and is supported by a proof-of-work protocol to provide the security and legitimacy of money transactions. The issuing of Bitcoin is done by users with mining capabilities and is limited to 21 million coins. Currently, Bitcoin’s market cap surpasses $200 billion and this is the most popular kind of digital currency. Buying and selling cryptocurrency is available through special Bitcoin exchange platforms or ATMs.
A) NextGenerationBitFX Account
How can I open a NextGenerationBitFX Multi Account?
You need a sponsor who invites you into the NextGenerationBitFX system.
B) FOREX Explosion
(Those answers are from FOREX Explosion LLC, Georgia. NextGenerationBitFX is just forwarding them to you)
How can I open a FOREX Explosion Account?
First of all, NextGenerationBitFX is just an Affiliater at FOREX Explosion, you need a NextGenerationBitFX Account to get access to the FOREX Explosion platform.
Does NextGenerationBitFX collect the money for FOREX Explosion?
No, NextGenerationBitFX simply offers you the possibility to get access to the wonderful platform of FOREX Explosion. NextGenerationBitFX just routes your commission into your NextGenerationBitFX Payout Wallet.
Can I upgrade my FOREX Explosion package? And will the contract duration be extended?
Yes, of course you can upgrade your existing FOREX Explosion package. If you want to upgrade a $250 FOREX Explosion package to a $500 package, the you just have to pay additional $250. The contract duration will not be prolongated. The initial package duration counts still
Can I switch from compounding back to “none-compounding”?
Yes, but only once in contract lifetime.stead of getting your weekly FOREX Explosion profits to your Payout Wallet, the profits will be shifted to the amount which is invested for you in the Forex Trading. This means that the amount
How does compounding work?
Instead of getting your weekly FOREX Explosion profits to your Payout Wallet, the profits will be shifted to the amount which is invested for you in the Forex Trading. This means that the amount invested grows on weekly basis, so do your profits. That can lead into a huge amount after 24 months.
C) Bitcoin Mining
Which cryptocurrency is mined by NextGenerationBitFX?
We are mining only Bitcoin at the moment. FOREX Explosion, you need a EXUS Global Account to get access to the FOREX Explosion platform.
What are the packages NextGenerationBitFX is selling about?
You buy a fixed Hashpower in each package, means, you buy basically the electricity that produces Bitcoins
What kind of packages is NextGenerationBitFX offering?
NextGenerationBitFX offers packages between $25 and $25,000 with Hashpower between $100 and $100000.
How long is the duration of the mining package contract
The contract duration is 24 months.
When does the mining start? Immediately after the purchase of the package?
No, the mining has an activation and setup time of 21 days. The 22nd day the package starts generating daily mining outputs.
When can one withdrawal the mining results?
Directly from day one, if the amount of Bitcoins is minimum equivalent $30
Can I cancel the contract before the 24 months exceed?
No, the package price is not an investment, you purchase a product which is producing Bitcoins.
Do I have additional costs apart from the package price?
No, you simply sit back and receive your daily Bitcoin profits
What do I need to withdrawal my Bitcoin Mining Profits
You need a normal Bitcoin Wallet like from blockchain.info, btc.com, copay.com or something similar, nothing else. We recommend you to get one of the crypto debit cards for an easier access.
What We Can Do For You
NextGenerationBitFX understands itself as a multinational MLM company, which follows the approach, that those characters who shape our cooperate company culture sustainably, are much more important than the increasement of profit under pressure.