FAQ

I. What is Uroborus?

Uroborus is a partner online-program for reallocation of funds, whose conception is based on matrix marketing. The basis of matrix marketing, in turn, is a multi-tier referral network of investors that envisages the creation of matrices (tables) of various levels.

A referral is a participant in a partner program registered on the recommendation of another participant – a referrer. Here a referrer – an entity involved in a referrals project – is himself a referral from higher referrers – sponsors, while referrals are referrers of lower referrals recruited by them.

Thus, an infinite project cycle is ensured, whose commercial performance increases with more links in the network and a greater the number of members-partners involved in it.

In this respect, Uroborus is far from a random term and comes from an ancient Greek synthesis of terms (οὐροβόρος, where οὐρά “tail” + βορά “food”), in a graphic interpretation imagined as a snake devouring its own tail. Thus, Uroborus is a symbol of infinity that depicts the essence of this multi-tier system of extracting real cryptocurrency assets for each of the project stakeholders implemented on a blockchain in the Ethereum network.

The circulation of funds among stakeholders is regulated by a group of smart contracts as part of the Pantheon ecosystem. Therefore the Uroborus members are guaranteed honesty and transparency in all of their financial operations, which ensures a stable income and precludes risk in the form of fraud, the negative impact of the human element, and other disruptive causes that threaten the stable operation of the system.

II Definitions

In order to broaden the circle of program participants and allow them to fully grasp the essence and principles of Uroborus operation, it is necessary to enable them to competently operate with a wide range of special terms, the most important of which are presented below.

1) What is cryptocurrency?

Cryptocurrency is a variety of digital currency whose creation and control are based on cryptographic methods of protection for online businesses.

Cryptocurrencies operate without centralization on a distributed computer network and are positioned only in a virtual digital mode not intended to create any kind of natural units of currency.

The action of cryptocurrency is based on technology such as blockchains.

2) What is a blockchain?

A blockchain is structured on the basis of specific rules; a continuous sequence of info-blocks in the form of a chain that contains information about all operations in the database. It most often has a decentralized character, which allows copies of the blockchains to be saved on numerous various computers that are independent from each other.

The content of the blocks at any time can be subjected to verification inasmuch as information is contained in each of the subsequent blocks regarding data from the preceding blocks. The initial genesis block is a separate case in light of the absence of a preceding “parent” block.

The most important characteristic of a blockchain is its openness, simultaneously combined with anonymity. Each network transaction is absolutely open, providing anyone who wants with the opportunity to become familiar with a complete history of the transaction. However, information about the sender and receiver is inaccessible for outsiders.

3) What is Ethereum?

he Ethereum blockchain platform, with the cryptocurrency unit ЕТН, is currently highly sought after. Owing to the openness of the source code, it is the most convenient tool for creating smart contracts and various decentralized applications.

The core of the platform is the Ethereum Virtual Machine – metaphorically speaking, a global supercomputer that everyone can connect to and transfer funds but cannot independently introduce any kind of changes into its principles of operation.

Thousands of various applications can be launched on the same platform. Using Ethereum, a centralized service becomes decentralized without developing an independent blockchain.

ЕТН is the cryptocurrency unit for the Ethereum Platform project. Besides actions with Ether, Ethereum code allows transactions to be automatically conducted when preset programs of conditions are implemented. Ethereum is the flagship platform for issuing ICOs, which ensures the reliability of transactions within the framework of the network.

4) What is ICO

ICO. This abbreviation stands for initial coin offering. An ICO is an unregulated means of exchange to attract assets for new cryptocurrency solutions in exchange for real currency, including ETH cryptocurrency.

ICOs typically are used in smart contracts on the Ethereum network. When making an initial proposal, the investor must transfer a specific amount of ETH as part of an ICO smart contract, which, in turn, is programed to delegate a regulated set of tokens to the control of investors after the business campaign is completed.

5) What are smart contracts?

Smart contracts. Smart contracts refer to a number of computer algorithms used to conclude/support commercial transactions on blockchains. They contain specific instructions in their code that are executed automatically when a set of specific programs are executed. The contract conditions are coded from the beginning and are incorporated into the code of the blockchain. To ensure security, smart contracts are stored in encrypted form, distributing them on numerous network nodes, which protects them against loss or unsanctioned changes.

6) What is a cryptocurrency token?

Tokens. The term “token” means “sign,” “symbol”. Physically it exists as a registered record distributed on a blockchain-network. Practically all tokens are formed on the basis of Ethereum cryptocurrency. In such a manner, a token can be viewed as a provisional virtual unit issued by this or that issuing body and that is the equivalent of a specific quantity of a specific asset. Before issuing the tokens, the issuing body must establish their value in real cryptocurrency in order to be able, by means of subsequent sales, to attract investors to delegate funds into their assets.

In other words, a token may be viewed as a virtual analog of a real cryptocurrency asset.

The goals of creating tokens are the following:

  • establishing the cash value of the asset;
  • attracting investor funds to this asset;

This is why investing in tokens can provisionally be viewed as the creation of cryptocurrency investments.

а) ERC-20 Tokens.

The platform for the majority of ICOs is Ethereum or, expressed more to the point, smart contracts within this network. During campaigns to attract financial assets, ICO sponsors, as a rule, accept ETH as payment, in exchange for which the investors are typically credited universal standard ERC-20 tokens.

Until quite recently, ensuring compatibility among various Ethereum-tokens was a difficult problem to resolve, inasmuch as the need arose in each case to develop a unique smart contract. Support for the ever-growing number of tokens was an extremely challenging matter; most importantly, it did not allow precious time to be saved.

Creation of a universal standard protocol able to support any Ethereum system tokens allowed an optimal solution to the issue. In such a manner, the unmatched advantage of ERC-20 tokens over all overs is the fact that they, being tied to the Ethereum network, use an internally-existing format of addresses and correspond by means of Ethereum-transactions.

The ERC-20 standard is regulated by a code of practice, the observance of which ensures the capability of other tokens to interact within the network. ERC-20 tokens are themselves blockchain assets having independent value and can be sent/received on par with any other cryptocurrencies.

б) PAN Tokens.

Pantheon (PAN) tokens are ERC-20 standard tokens developed on the basis of an Ethereum blockchain, whose function of monitoring emissions, price determination, and circulation is carried out using a Pantheon ecosystem smart contract.

The primary task of PAN tokens is to be able to ensure fair allocation of dividends from Pantheon ecosystem smart contracts.

The unique technology of PAN tokens is characterized by an entire array of features that affect its cost, emission, utilization fee, dividends, and partner program.

Each ecosystem protocol provides for PAN token owners to receive profits to be paid in the form of dividends in Ethereum cryptocurrency.

7) MetaMask Online Service.

MetaMask is a free online service that ensures that work with Ethereum is simple and secure.

MetaMask’s slogan reads: “We make Ethereum accessible for your browser!” The service functions as an embedded application for the most popular browsers: ChromeFirefoxOpera, Brave.

MetaMask is able to ensure the safe circulation of data between Ethereum and typical internet resources without the procedure of downloading and installing a blockchain on a personal computer.

MetaMask is intuitively simple to use and doesn’t require any special knowledge in programming, inasmuch as the service interface was created with a view to mass application.

The MetaMask ether wallet supports ERC-20 tokens that observe uniform requirements for the functioning of smart contracts. Hence, MetaMask users can accept/send both ETH and other cryptocurrencies that operate within the Ethereum blockchain.

Immediately after creating a MetaMask vault, the user receives a personal address (account) for activity with cryptocurrency. Any number of accounts can be created within the same vault.

The procedure for installing the MetaMask extension on a personal computer is discussed in the FAQ, “How do I open a matrix table?”

8) What is Reinvest?

Reinvestment (reinvest) is repeated investing. Put more simply, upon expiration of the investment period, the funds invested in this or that business project are again invested into a concern at the next level of investment, together with interest from the investment amount earned at the initial level. Owing to reinvest, the dividends during the course of the next qualification period can be significantly increased.

Reinvestment can be complete or partial, where the entire sum of profits are not repeatedly invested, but only part of them, with the remainder issued to the personal balance of the participant. A closed cycle is formed, directed at receiving maximum profits.

When certain conditions are met, reinvestment within the Uroborus project is done automatically, without precluding the possibility of manual control.

III Uroborus Marketing

1) Fundamental principles of Uroborus matrix marketing:

  • The Uroborus matrix platform can be considered as a source of rewards to be received by system participants;
  • cells are contained in the matrix based on which fees are distributed among the other participants;
  • the cells are arranged by tiers: each subsequent tier contains cells in a number that is a multiple of the preceding tier.

2) Types of Uroborus matrices and their marketing possibilities

There are two types of Uroboros matrix sites: 7-place and 21-place.

Seven sites are available in each matrix, which are distinguished according to cost and reward factors.

Each site has a two-tier structure, where the next, second tier contains places in a number that is a multiple of that of the preceding first tier. You will always occupy the first place in your site above the first and second tiers. The other participants of the team occupy cells based on the principle, “left, right, up, down,” beginning on the first, and then on the second tier. Here the places in the cells of the second (lower) tier are evenly filled under each of the cells of the first (higher) tier.

Initially in each available matrix, there is only the first site, and purchase of each subsequent one is possible only upon purchase of the preceding.

Example: It becomes possible to acquire the 7th site only after the successive purchase of sites 1 – 6.

а) 7-place matrix (Uroboros 7)

A distinguishing feature of the functionality of the seven-place matrix consists in 100% allocation of ETH coming into the network.

The places can be filled in five ways.

  1. By means of spillover from higher-placed sponsors.
  2. By your personally invited partners (referrals).
  3. By partners (referrals) of your personal referrals.
  4. By reinvestments of your referrals and referrals of your sponsor.
  5. By spillovers according to the principle of compression (including if a participant in your team acquires a site that exists only for you (the principle of compression is described in detail on Slide 11 in the section “Marketing”)).

As an example, let us consider a matrix site that costs 1 ETH.

After opening the site, there are 6 free places in your matrix:

  • 2 places in the line from the 1st tier;
  • 4 places in the line from the 2nd tier.

From each place filled in the first line, you receive 20% of the cost of the matrix site; in this case, this is 0.2 ETH.

Half of this amount (0.1 ETH) goes to your personal Uroborus balance, from which you can withdraw your Ethereum at any time.

The remaining 0.1 ETH is frozen in a buffer zone until the matrix site closes.

From each place filled in the second line, you receive 80% of the cost of the matrix site; in this case, this is 0.8 ETH.

Half of this amount (0.4 ETH) goes to your personal Uroborus balance, from which you can withdraw your Ethereum at any time.

The remaining 0.4 ETH is frozen in a buffer zone until the matrix site closes.

Sample calculation of profit for a matrix site costing 1 ETH:

  • first tier: 0.2 ETH + 0.2 ETH = 0.4 ETH; here 50% of the amount, i.e., 0.2 ETH, ends up in a buffer zone until the matrix closes, while the second, i.e., 0.2 ETH, will be credited to your wallet available for withdrawal at any time;
  • second tier: 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH = 3.2 ETH; here, 50% of the amount, i.e., 1.6 ETH, is in the buffer zone until the matrix closes, while the second half, i.e., 1.6 ETH, will be credited to your wallet and will become available for withdrawal at any time.

Attention: In order to perform automatic reinvestment after the matrix closes, the minimum required amount must be recorded in your Uroborus balance. In this specific example, this is 1 ETH.

Buffer zone

A characteristic of the 7-place matrix is also the presence of a buffer zone (buffer).

A buffer is a special area in the Uroborus 7 protocol intended to store 50% of all funds that come from stakeholders in the purchase of places in the site.

Payment of the funds accumulated in the buffer is made in the form of a bonus upon complete closure of the site (sale of all places at all tiers) before the qualification period expires (180 days from the time of opening).

The remaining 50% of all rewards for the sale of places in the site is credited to your personal Uroborus balance, after which they become available for withdrawal at any time.

If the site is not completely closed during the qualification period, all funds accumulated in the buffer are distributed as dividends among the PAN token holders. Here, the qualification counter is set to zero, after which the process for closing the site can be continued with the subsequent receipt of a bonus from the buffer zone (minus the funds that were sent previously in the Pantheon Ecosystem as dividends to the PAN holders).

б) 21-place matrix (Uroborus 21).

Their key feature is a higher financial reward upon closing the site and the absence of a buffer zone.

Upon opening a 21-place matrix, an additional commission is charged in the amount of 23% of the cost of the site, which is distributed in the form of dividends among the holders of the central tokens from the PAN ecosystem.

The places can be filled in five ways.

  • By means of spillover from higher-placed sponsors.
  • By your personally invited partners (referrals).
  • By partners (referrals) of your personal referrals.
  • By reinvestments of your referrals and referrals of your sponsor.
  • By spillovers according to the principle of compression (including if a participant in your team acquires a site that exists only for you (the principle of compression is described in detail on Slide 11 in the section “Marketing”)).

As an example, let us consider a matrix site that costs 1.3 ETH.

After opening the site there are 20 free places in your matrix:

  • 4 places in the 1st tier line;
  • 16 places in the 2nd tier line.

From each place filled in the first line, you will receive 20%of the cost of the matrix site.

From each place filled in the second line, you will receive 80% of the cost of the matrix site.

1st tier: 0.2 ETH + 0.2 ETH + 0.2 ETH + 0.2 ETH= 0.8 ETH.

2nd tier: 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH + 0.8 ETH = 12.8 ETH.

Attention! In order to perform automatic reinvestment after the matrix closes, the minimum required amount must be recorded in your Uroborus balance. In this specific case, this is 1.3 ETH.

3) Dividends from Pantheon ecosystem activity

In each Pantheon ecosystem project, one of which is Uroborus, revenue for the PAN token holders is provided for, to be paid in the form of dividends in Ethereum cryptocurrency.

With the development of the ecosystem, the number of sources for receiving dividends will also increase, which, in turn, can positively affect the demand for PAN tokens, which means their cost as well.

Therefore, we recommend becoming familiar with the heart of the Uroboros smart contract and that of future daughter projects. https://pantheon.exchange

Attention! When acquiring PAN tokens, you automatically become an Uroborus co-owner, having the ability to receive dividends that grow with the development of the project.

4) Sources of revenue

Three primary means of income are possible.

а) Partner program. Receive 100% of the commissions from your partner network for closing your matrix sites.

б) Spillovers. The system of spillovers provides for receiving partners into your matrix sites from higher-placed sponsors.

в) Purchase of PAN tokens. When acquiring PAN tokens, you automatically receive the opportunity to have revenue from activity from their own PANTHEON ecosystem, which includes the Uroborus smart platform.

5) How “spillovers” are established in Uroborus

Filling the places in your site through your sponsor is called a “spillover.”

Advice: the most effective decision will be organizing joint work with your sponsors and the entire collective of participants on your team as a whole. The legitimate result of such a universal activity will be a quick closing of the site.

This is why the best strategy will be reduplication, where the maximum number of participants is recruited by you and your sponsor, each of whom, in turn, will reproduce the course of your actions.

6) Reinvesting funds within the Uroborus system

The repeated purchase of already closed sites for subsequent refilling with the aim of obtaining revenue is called reinvestment.

Reinvestment of funds for repeated opening of a freshly closed site is done automatically in the Uroborus smart contract.

Having closed the site and performing reinvesting, you automatically take a free cell in the appropriate site of your direct sponsor, in keeping with the rule: “A referral always follows its own referrer.”

However, the opportunity to automatically reinvest exists only if there is an adequate amount of ETH on the balance of the participant. If the amount is inadequate, automatic reinvestment is not possible. In this case, the procedure for repeated activation of a closed site can be performed manually.

Closing a site with a single referral.

The capability of completely closing a site exists even if there is only one referral recruited by you, if they close their own site the appropriate number of times in order to fill all places in your site with their own person and the members of their team by reinvestment.

7) Tartar. Structure compression principle.

A special place in the matrix structure of Uroborus is the Tartar zone (without a sponsor on the site), where, under specific conditions, a stakeholder may end up.

Here all rewards for the Tartar participant are directed towards the development of the Pantheon ecosystem.

A participant can end up in Tartar in two cases.

  1. Upon payment for matrix sites without the instructions of a sponsor (when transferring directly to the web site uroborus.io without using a referral link from the inviting or, in its absence, corresponding record in the DATA field in the Ethereum wallet at the time the site payment transaction is completed).
  2. When the participant acquires a site that has not been repurchased/is not active at the given moment for any of his sponsors up to three tiers above in the matrix structure.

If your referral acquires a site that you at the given moment have not repurchased, he occupies a free place in the structure of your direct sponsor, when he has the necessary site open.

If the sponsor does not have such a site, the participant ends up in the structure of your sponsor from the 2nd tier. If this sponsor also lacks the needed site, the participant ends up in the Tartar zone. This consists of the so-called principle of structure compression.

The participant can return to one of the cells in the needed site within your team after a compression reinvestment, when the system will perform a second check for the presence of the needed site with you and your higher-placed sponsors. When the required conditions are met, the participant occupies a free place in the first site that satisfies the conditions, and in their absence ends up in Tartar again.

In this case all rewards for the participant in TARTAR end up at the disposal of Titans and will be used to develop the Pantheon ecosystem.

Example: You acquired only the first site of seven. Here the first two sites have been repurchased in your sponsor’s structure, and in the structure of your sponsor’s sponsor, the first three sites.

You succeeded in attracting a referral, which immediately purchased four sites. Then, for the first site, he occupies a place in your structure; for the second, in the structure of your sponsor; for the third, in the structure of your sponsor’s sponsor; and in the fourth and all subsequent larger sites, he ends up in Tartar.

Here, if the needed sites are later purchased by you or your two sponsors, your referral-stakeholder, upon reinvestment in the matrix tables in Tartar, becomes part of the structure where the needed table is present.

Notable fact: owing to the principle of compression, your sponsor, under certain conditions, may occupy a place in your site.

IV Adding/Withdrawing ETH

The Uroborus smart contract is the point of contact in the redistribution of funds for project participants. At any time you can either supplement or withdraw your ETH without any kind of additional commissions.

V Security

1) Impossibility of ETH theft from a Uroborus smart contract

An Uroborus smart contract is an electronic protocol whose operation it is not feasible to influence outside the range of the code of practice embedded in it.

It can potentially be stopped in the event of a complete halt in the operation of the Ethereum blockchain; however, this is hardly likely in reality.

Peculiar to the Uroborus smart contract is open source code with a specified refusal of ownership. This means that obtaining unauthorized access to the ETH on the books of Uroborus is impossible in principle.

Each of the transactions is subject to processing by an electronic protocol registered using computer coding methods. The honesty of implementation is monitored by the Ethereum blockchain network, created by the brilliant software engineer Vitalik Buterin. In addition, the operability of the entire network is supported by the computing power of the global miner community.

2) Existing risks

The risk of partial or total loss of funds exists in the following cases:

  • shutting down of the Ethereum network or systemic malfunctions in its operation;
  • possible drop in ETH value;
  • other causes not dependent on the operation of Uroborus.

VI How is a matrix table opened?

1) On personal computers

To open a matrix table it is necessary, first of all, to install the MetaMask extension by using the link https://metamask.io.

After this it is necessary to activate the MetaMask extension and register a new wallet, and then supplement its balance with Ethereum cryptocurrency (if necessary, already existing Ethereum can be imported).

As a result of these actions, the entire functionality of the site will be accessible without restrictions, including the capability of opening a selected matrix site.

2) On mobile devices

To open a matrix table, it is necessary, first of all, to install the mobile application Trust Wallet by using the link (https://trustwalletapp.com).

The application Trust Wallet must then be launched and a new wallet registered, after which its balance must be supplemented with Ethereum cryptocurrency (if necessary, already existing Ethereum can be imported). Then use the embedded browser, which is located in the section DApps, and enter the site address uroborus.io or the inviter’s link in the address bar. As a result of these actions, the entire functionality of the site will be accessible without restrictions, including the capability of opening a selected matrix site.