I wonder why no one actually posts the contract they are talking about?
It's illegal to do so. It's in the contract.
Also to OP:
I would strongly caution you against it.
I read the contract and it basically strips you of all rights you have as an author.
As in, the second you sign it the work is no longer your own. You can be replaced at any time, for any reason at their discretion and the most important aspect for me was this : they own any work you start or create via the pen-name that you sign on under.
This means even if you create a totally new writing, legally they own it too and can exert the same influence over you.
They also have very vague wording. Requiring you to write upwards of 2 million words for your contract, for example. (I believe it's like 500,000 - 2 million). That's the equivalent of writing 1 million words a year, or 3,000 words a day.
They also don't tell you that the money you get is actually 25/50% of a cut. Example, if you made 100 cents on your work, they would pay themselves an amount at their discretion that you can't check, then pay you 25/50% of what's left.
What happens if they offer you 50% of 2 cents?
They will only start paying you after they make more than a profit with your work, upwards of 6 months.
They also regularly mess with the on - site ratings manually I suspect.
All in all, they do very questionable things, offer vague contract terms and turn you into a slave with their contracts.
I also can't seem to get *any* author to tell me how much they actually make -- because apparently this is gagged in the contract as well and fiercely enforced.
I can only assume it's a few hundred a month, which IMO doesn't justify writing every single day for 2 years under pain of legal implications or loss of your rights.
This is all based on my limited experience and ultimately why I turned it down (and won't even consider it any further).