A List of common mistakes that may lead to a loss of your funds
This article will provide you with recommendations that may save your time and improve your assets’ security. The article is being updated, and new common mistakes are being added every now and then, so be sure to come back to it from time to time.
Save your security keys!
This may seem obvious, but we receive many requests in support chat about lost security keys. This leads to permanent loss of your private wallet address. You need to take it as a high priority step.
When you create your wallet address in the app, it always asks you to repeat the key sequence again, or at least to save a 12-word mnemonic phrase. Do it!
Do not keep your keys in the inbox folder of your email account, on your PC, mobile devices, as screenshots, as text files. Instead, write it down precisely on a piece of paper and store it in a safe place.
Export your keys from every address
If you have more than one address in your wallet app, export and save the private key from every one of them. There are situations when people import their 12-word mnemonic key to a new phone or a new app, and they discover that their assets are not there. They were stored on a different address with no recovery key saved. So if you didn't save your private keys from all your addresses yet, then check out the next article and do it.!
If you have decided to use a new phone or a different wallet app, creating a new address is not an option. You won't be able to connect your current ID in FORSAGE to your newly created address.
ID = wallet address, they are bound from the beginning of the registration process. You need to Import the address that you used to register in FORSAGE to your new wallet app. To find a guide on how to import an address to a specific wallet app, use this link.
Don’t disclose your keys to anyone
When someone is asking you for your 12-word key or private key — block him instantly
No one, even if they claim to be an administrator, developer, support team member, or even Elon Musk himself, should access your security keys.
Note: this is not related to your ID number or wallet address itself — this information can be told in public — no one will take control of your account using this information. So when someone in the official support chat asks you for it, give it out with no fear.
Don’t send assets directly to smart contract addresses
This mistake is common for all the FORSAGE contracts, and it wont lead to a successful registration or level activation, but only to a loss of your assets. To interact with a smart contract, you need to log in and make level activations through your personal dashboard on the website. Or you can do it in manual mode directly (but be sure to do it correctly, according to the Guide. So think twice if you can handle this or not!
Here is a list of sources that people used by mistake to transfer funds :
directly from wallet apps to a smart contract address
directly to the upline’s wallet address as an attempt to activate a new level
directly from exchanger websites to a smart contract address
IMPORTANT: As soon as FORSAGE BUSD will be rolled out, do not send assets directly from the Binance exchange to smart contracts addresses. This will end up with the same result as described above!
BSC COMMON MISTAKES
As you know, FORSAGE will soon launch its smart contract in the BSC blockchain with the usage of BUSD BEP-20 stablecoin, so some people are confused about the steps they should take to be ready for this launch.
Your binance.com exchange account is not what you need to access BUSD FORSAGE. However, the exchange can be used to buy or exchange BEP-20 BNB or BEP-20 BUSD tokens.
FORSAGE will be operating on BEP-20 BUSD token, it will be used for registration and further levels activations. But ALL network fees in BSC network will be deducted in BEP-20 BNB token — so keep some of those on your address.
You can use the same BSC address for both BNB and BUSD tokens — just add a new token to the list in your wallet app. Then swap them in your wallet application, or on any other BSC network swap sites.
What you need to do to prepare for BUSD FORSAGE:
We receive many questions about why BSC has the same address format as ETH. Simply put,BSC smart contracts are compatible with the Ethereum Virtual Machine (EVM)
You can read more in the official support article
Etherscan explorer won't be useful for monitoring statistics of your BSC addresses — you need to use a special BSC explorer like https://bscscan.com/
ETH COMMON MISTAKES
Ethereum network is sensitive to any transaction settings regarding Gas price and Gas limit. So to ensure the success of your transaction, you need to know how those settings work. Let us break it down for you.
Gas Price (GWEI) is the measure to set a payment for miners of ETH network so that they will process your transaction faster or slower. All transactions in the network are put in a queue, and Gas Price defines which transaction will be processed sooner.
Gas Limit s something like an amount of "fuel" for miners to process your transaction.
Here is what happens when you set low amounts in these settings:
When you set a low Gas price, your transaction will be placed in the back of the overall queue and may be stuck there since other transactions have a higher price set. When it happens, we see a PENDING status of a transaction for a long time in an ETH Explorer like etherscan.io . It may take days to complete, but often it won't complete at all. Then you need to accelerate the transaction in your wallet app, or cancel it manually. Both actions will take additional charges, so it's better to avoid such situations.
When you set a low Gas limit, your transaction may not be proceeded to the completion stage and will be canceled. In ETH explorer we see it as Failed with OUT OF GAS status.
So how to avoid all this? Here are the tips that you need to follow:
When you start any transaction, be it the Registration or any Level activation — every time you will see a Wallet confirmation window. This window looks differently in various apps, but it always has the same common settings list: Gas price and Gas limit.
In the wallet confirmation window, you will see options to select from Fast, Normal (Recommended), and Slow (Low) profiles. You need to select a Fast or a Recommended profile — this will set an appropriate GWEI price, and in almost every case the transaction will be completed with no problems.
You can control the actual GWEI price more precisely to be sure that you set it right. Go to ethgasstation.info and check the Trader, Fast and Standard profiles. You need to see what is the exact GWEI price in the Fast or Trader profile and set this number manually in your pop-up wallet confirmation window.
You need to see the amount by default in your wallet confirmation pop-up window:
for x3 and x4 registration, 400 000 will be enough,
for xGold activation, 500 000 is ok.
If by default it exceeds 500 000, then leave it as default and add another +50 000.
It is better to set the amount that is close to default to make sure the transaction will have enough "fuel" to be completed. Almost every time completion takes less Gas Limit compared to the amount that you set in the Wallet confirmation window — the rest will come back to your ETH wallet.
The TRX network has been acting weirdly in recent months. One of the reasons is frequent TRX price spikes that cause a network overload, and transactions are rejected by the network itself. Failed transactions are accompanied by deduction of TRX to cover a network fee limit from the participant’s wallet addresses. This happens quite rarely, but we need to discuss it and at least offer tips on how to minimize this possibility. Unfortunately, FORSAGE Team can't influence this directly to solve it completely, that is one of the reasons for BNB launch decision — we don't want to disappoint our partners and are always looking forward to helping you to grow your business with no obstacles ahead.
So here is what may help to avoid transaction rejections by TRX network:
Track the correlation of TRX price — if it is frequent, then try to avoid level activations or registrations for some time until it is settled down.
Open this article and follow TRX contract addresses on explorer. Open Transactions tab there and track the transaction history of the last 15-30 minutes. See if there are any failed transactions with FAIL-TIMEOUT FOR CONTRACT EXECUTION> reason. If they are present — then it's better to wait.
Statistics of cases with this error shows that TRX network load is lower on nights GMT time zone — try to start transactions then.
And the most valuable recommendation to sum this all: if you encounter any error or transaction fail at least once — stop your attempts, don't make it happen again. If something is not set right, then the number of attempts doesn't matter. In this case, the best choice is to reach out to our FORSAGE Support Division and start searching for the reason. Believe it or not, but the majority of issues are solved in minutes.
Attention! In order to make any transactions with the BUSD stable coin on the Binance Smart Chain, you must have a BNB coin on your balance. Commissions for transactions with the BUSD token are calculated only in BNB, so all commissions will be automatically deducted from your BNB balance. If there is no BNB cryptocurrency on your wallet, then the Binance Smart Chain blockchain will not be able to carry out any of your transactions with the BUSD stable coin!
More information about BUSD FORSAGE on the BSC network:
→ FAQ: BUSD FORSAGE expansion on Binance Smart Chain (BSC)
→ All about commissions in FORSAGE BUSD
→ How to prepare your wallet for the launch of FORSAGE BUSD on the BSC network
→ How to buy BUSD and BNB for registration in Forsage BUSD
→ Why BUSD and BNB on Binance smart chain (BSC) has same address format as Ethereum (ETH) network?
→ Difference between Binance Chain BNB (BEP-2 format) and Binance Smart Chain BNB (BEP-20 format)
→ How to buy BNB and BUSD on Binance.com
→ How to add Binance Smart Chain wallet with BUSD token if you have separate Ethereum Wallet in app? (Trust Wallet)
→ How to buy BUSD from an online exchanger