$PMB Token Rundown
With the anticipated rollout of $PMB Tokens, 2019 is set up to be the strongest year in company history. It’s projected that a sizeable percentage of business activity—both commission payouts and global product purchases—will be facilitated through the use of $PMB Tokens.
“What PrimeMyBody is doing is becoming a leader in the affiliate marketing space simply because we’re taking advantage of new technology, taking advantage of the value of cryptocurrency, to pay Affiliates in record time,” says Chris Champion, PMB Director of Crypto Operations.
If you missed the update, it was announced the December 10, 2018 start date for the $PMB Token Private Sale has been pushed back until January 2019—official start date to be released in the coming weeks.
On the delay, our CEO, Paul Rogers said, “What’s most important to our Affiliates and the company is that we do it right. $PMB Tokens are a valuable tool for our Affiliates’ business growth, both in the short- and long-term. At this time there is no need to rush, we want to ensure everyone has a chance to participate and that the token sale goes as smoothly as possible when it does begin in January.”
The integration of $PMB Tokens will soon allow Affiliates the ability to receive earned commissions quickly when using $PMB Tokens. This advantage alone will be a major differentiator between PrimeMyBody and other affiliate and network marketing companies heading into 2019 and beyond.
“I call it the ‘Ubering’ of PrimeMyBody. One of the great appeals of working for Uber is that drivers get paid just days after completing a ride. No later than the first quarter of 2019, PrimeMyBody will be paying its Affiliates faster than any other affiliate marketing company on the globe or in the history of the industry,” adds Champion.
To put it in perspective, after the record-setting week of sales our Affiliates had during the Hemp Week BOGO promotion in November, imagine receiving commission payments within 42 to 78 hours after each sale when using $PMB Tokens.
Taking Advantage of the ETH Dip
If you don’t monitor the cryptocurrency markets regularly, you may have missed that over the past few months the market (Ether and Bitcoin included) has taken a bit of a tumble. Regarding the effect the current cryptocurrency market will have on the upcoming $PMB Token and private sale, Champion says,
“As the $PMB Token Private Sale begins soon, it’s more affordable than ever for Affiliates to participate. The upside for 2019 is much stronger than the downside. If Ether and the market swings up in 2019 by say, two to five times, that in likelihood should pull the value of our token with it.”
Since announcing the news about the $PMB Token and private sale during the PMB national conference this past June in Denver, the value of Ether—which is required to acquire $PMB Tokens—could’ve headed in three directions. ETH could have, A) rocketed past $1,000—meaning it would now cost Affiliates at the minimum $1,000 to participate in the $PMB Token Private Sale. B) ETH could have remained steady at its then current value of around $400-$500 per coin. Or, C) ETH could’ve done what it has over the past couple of months, which is decline in value.
The current decline in market and ETH value is not troubling to Champion for a number of reasons.
“After 10 years in the crypto space there’s one thing I am firmly convinced of myself, and that is cryptocurrencies are not going away. The infrastructure is better than it was 10 years ago. The tools and technology are getting better. Mobile wallets are more versatile and secure. There are more exchange options than ever now. Coinbase itself is an example of crypto’s rising adoption, as it just received an $8 billion valuation,” says Champion.
“You’re about to see in 2019 a lot of real estate projects using tokenization. You’re going to see ETFs coming from Wall Street, which will bring big money funds into the space. All of that to me says crypto is going to be around long-term.”
The Beauty of Smart Contracts
You’ve registered for the $PMB Token Private Sale. You’ve purchased Ether and created your decentralized wallet (if you haven’t, visit our Getting Started Guide for instructions). Eager to acquire your $PMB Tokens during the private sale, you may be wondering where you’ll be sending your Ether and how you’ll receive your $PMB Tokens in return.
First, on the day the private sale begins, registered Affiliates will receive an email with the $PMB Token smart contract address. That will be the address where Affiliates send their Ether during the private sale. Since the $PMB Token is utilizing the technology of the Ethereum blockchain, the smart contract will automatically recognize how much Ether is being sent and the sender’s wallet address. Participants will receive a confirmation email shortly after sending their Ether that PrimeMyBody has received their coins.
After the $PMB Token Private Sale has concluded, and following a reconciliation period to determine the token’s initial value and how many $PMB Tokens each participant will receive, $PMB Tokens will be then be sent to the wallet address of each Affiliate participant.
To follow the checklist of items that need to be completed prior to the sale visit our Getting Started Guide.
To learn more about the $PMB Token and the advantages it will provide your PMB business visit pmbtoken.com.