Table of contents:-
1.0. Is Forsage legal or illegal?
To put it simply, itʼs neither legal nor illegal. This is because Forsage.io does not need to be regulated or be approved to operate online since it is free from government control due to its decentralized nature. Fact is, it is not a corporate entity or company. It does not do business transactions between parties as an MLM company would.
Forsage.io is a decentralized system built on pre-defined codes deployed by the developers on a blockchain network, we know this as smart contracts. Hence, is not bounded by any laws and regulations imposed by any government. The smart contract does not depend on the site, it works on the blockchain that cannot be physically blocked. Thus, Forsage does not fall under the legal laws and regulations of any of the countries in the world.
It can not be illegal, unless, it will be done specifically for the purpose of attempting to discredit or take under control manually. "Forsage.io is ready to go forward to interact with everyone who is interested in our community! Forsage has principles, a code - and all this is aimed at development, a realization of dreams of thousands of people, helping people, transparency, security, and decentralization. Forsage has only good goals, given new technologies that do not depend on governments and banks."
If you are looking for proof, start researching first about smart contracts, decentralization, blockchain technology, and the transparency of Bitcoin.
2.0. Is Forsage a company?
Forsage.io is not a company (especially an investment company) managed by someone and a board of directors, where you can bring a complaint against the system that fails to live up to expectations. In reality, it is a self-executing smart contract instructed to automatically carry out sequences of arithmetic, logical or pre-determined operations via computer programming to serve a specific purpose. As such, there is no middleman or intermediary involved to issue the refund for the initial expense.
Forsage being a decentralized blockchain-based system does not provide any special privileges to its creators or developers. Everyone, regardless of their roles, works the same way (as participants) to generate their incomes.
3.0. Why is Forsage not a Ponzi/Pyramid scheme?
3.1. What is a Ponzi/Pyramid scheme?
A Ponzi scheme – is a planned fraudulent operation that has an obvious outcome. It’s a bubble that will inevitably burst for a number of reasons:
Firstly, in a Ponzi scheme, old participants get paid with the money from new participants. Sooner or later the scheme operator decides to pull it to keep their profits. It’s mathematically impossible for this scheme to go on forever anyway.
Secondly, a Ponzi scheme is always centralized! Every pyramid has an operator who can push the proverbial button to stop payouts and claim all the money. Once that happens, the pyramid is done.
3.2. Why is Forsage not a Ponzi scheme?
FORSAGE doesn’t have a single thing in common with the scheme above:
All transactions are made between users: from wallet to wallet.
The Forsage Smart Contract balance is always zero.
Forsage is 100% decentralized, so no administrator controls it and hence cannot shut it down.
Investment math doesn’t apply here, what’s more, there is no investment to speak of.
3.3. Does Forsage have a product?
Yes! The requirement of a material product is an obsolete stereotype because when you become a Forsage Community Member, you get a product — a digital one, like an application or a game. Having bought it once, you can sell it an unlimited number of times! You don’t have to meet a monthly quota like in multi-level marketing projects with material products which if you do not complete you would get suspended. Forsage offers anytime anywhere operation to its participants with no deadlines, targets, or whatsoever.
3.4. Do old Forsage participants earn money from new participants?
No. If you don’t do anything and simply sit around waiting, there is no way to earn money with Forsage regardless of the joining time of the participant. The platform is built on blockchain technology, works without human intervention, and will continue working no matter what happens. It doesn’t matter if you joined the community half a year ago or just now — you have all the chances of earning a great income!
FORSAGE is fully decentralized, it doesn’t have an administrator who can decide to close down the project;
The smart contract balance stays empty, and all transactions are made between participant wallets;
FORSAGE has a product, but it’s a digital one that can be sold an unlimited number of times;
Doesn’t matter when you join the community — if you work, you get paid;
Nobody can intervene in the platform’s operation. If you invite a new participant — you get paid directly to your wallet.