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Cryptocurrency Smart Contract Based MLM Platform Development
Smart Contract based MLM is a completely Decentralized MLM
Platform built using Blockchain
Smart Contracts. MLMs are preferred with Smart Contracts as it provides
high security and also removes the involvement of centralized authority. Smart
Contract MLM brings trust among the users which reduce the risk.
What is MLM (Multi-Level Marketing)?
Network Marketing which is popularly called MLM or Multi-Level
Marketing is a Referral marketing on multi-levels. MLM is broadly defined as a
business strategy where members are recruited for promoting a company’s
products and services and then incentivized to recruit new members from their
referrals indicating a possible pyramid scheme.
The MLM Business has gained a remarkable momentum over recent
years because of the opportunities the business model provides for peoples to
earn money. However due to some inefficiencies in the traditional MLM, such as
lack of transparency, mistrust, mutability, and delayed transactions,
Entrepreneurs were looking for right MLM solutions and they turned to Smart Contracts based MLM.
Smart Contract based MLM is a completely Decentralized MLM Platform
built using Blockchain Smart Contracts. MLMs are preferred with Smart Contracts
as it provides high security and also removes the involvement of centralized
authority. Smart Contract MLM brings trust among the users which reduce the
risk.
What is MLM (Multi-Level Marketing)?
Network Marketing which is popularly called MLM or
Multi-Level Marketing is a Referral marketing on multi-levels. MLM is broadly
defined as a business strategy where members are recruited for promoting a
company’s products and services and then incentivized to recruit new members
from their referrals indicating a possible pyramid scheme.
The MLM Business has gained a remarkable momentum over recent
years because of the opportunities the business model provides for peoples to earn
money. However due to some inefficiencies in the traditional MLM, such as lack
of transparency, mistrust, mutability, and delayed transactions, Entrepreneurs
were looking for right MLM solutions and they turned to Smart Contracts based
MLM.
Smart Contract Based MLM
Smart Contract based MLM is a completely Decentralized MLM
Platform built using Blockchain Smart Contracts. MLMs are preferred with Smart
Contracts as it provides high security and also removes the involvement of
centralized authority. Smart Contract MLM brings trust among the users which
reduce the risk. The Smart Contract MLM Platform is configured with different
MLM Plans that offer members who joining the MLM scheme to earn Cryptos as
rewards by referring a new one to join the platform. These MLM Platforms are
Mostly developed on Blockchain Networks such as Ethereum, Tron, etc which in
turn allows users to earn ETH or TRX using this referral program.
Powered with blockchain technology, smart contracts are of
intense interest to businesses as it provides high security and transparency. A
smart contract is a computer protocol planned to digitally facilitate, verify,
or enforce the performance of a contract. Smart contracts allow the performance
of credible transactions without the involvement of third parties.
When MLM Platforms are Used with Smart Contract, it automates
the processes performed on the MLM platform and reduces the effort of humans
and also helps to solve the issue of mistrust among the users which was a great
inefficiency in Traditional MLM. Thus Smart Contract based MLM business allows
gaining trust among users while enhancing transparency.
Smart Contract Based MLM on Ethereum
Ethereum is one of the Popular Blockchain Network and it is
the major choice for Smart Contract Based MLM. So we use the Ethereum platform
to design and develop such highly-secured and distinctive smart contract-based
MLM. Ethereum smart contract MLM platform is completely decentralized which is
built over Etheruem Blockchain Network. The Members who join the MLM Platform
will earn rewards in ETH. The Ethereum Smart Contract MLM will be based on the
MLM Plan of your Needs. Whether you need to Build your Smart Contract Based MLM
Platform from Ethereum Smart Contract MLM Script or from Scratch, Our Developers
are well versed in it.
Smart Contract Based MLM on Tron
Tron is a blockchain-based Decentralized Platform. TRON Smart
Contract MLM is nothing but a Smart Contract Based MLM built and deployed over
Tron Blockchain Network. This MLM Platform Works the same as Ethereum Smart
Contract but the main difference is that the members who join in the mlm plan
will earn rewards in TRX Tokens. The TRON Smart Contract MLM can be built based
on your MLM Plan. The Tron Smart Contract MLM will offer high transaction speed
and low transaction fees for your users.
Smart Contract Based MLM On Bitcoin
Bitcoin is used everywhere and MLM is no exception. Smart
Contract based MLM can be built using Bitcoin Blockchain in which members can
join with Bitcoin and earn Bitcoin as a Reward for referring the new one.
Bitcoin Smart Contract MLM can be developed based on your preferred MLM plan.
Smart Contract MLM Plans
Smart Contract-Based MLM can be Built on various Blockchain
networks such as Ethereum, Tron, Bitcoin with Various MLM plans that allow
members to earn rewards based on the plans your MLM Platform is configured
with.
1. Binary
Plan
2. Unilevel
Plan
3. Matrix
Plan
4. Hybrid
Plan
Key Benefits of MLM Platform with
Smart Contract
Transparency
Blockchain uses distributed ledger technology which allows
every user on the network to access which shows high transparency on the
process. This is why smart contract-based MLM software is gaining attraction
among MLM users and Businesses.
Trust
The use of Smart contracts in MLM Platform enables absolute
trust in their process execution. The autonomous, transparent, and secure
nature of the smart contract removes any possibility of manipulation, bias, or
error.
Traceability
Smart Contract-Based MLM Platform offers better traceability
of funds which is the ability to identify, track, and trace every transaction
performed on the Smart Contract based MLM platform.
Eliminate the risk of fraud
Smart Contract-Based MLM Software completely removes the
involvement of middleman so chances of fraud risk is eliminated and gives
greater transparency of business transactions.
Security
One of the main features of the blockchain network is
security and its powered technology smart contract offers the same. So the
transactions being made on smart
contract-based MLM are secured with the highest level security.
The main Advantages of the Cryptocurrency MLM Platform with
Smart Contract are the security and the transparency of transactions being made
on the MLM platform. some of the other benefits are
Benefits of Smart Contract Based MLM
Platform
·
Faster
and Easier payment Transactions
·
No
Additional Fees Involved.
·
Enabled
peer to peer Transactions
Ethereum Blockchain –
completely decentralized
·
No
Middle Man involvement
·
Eliminates
Risk of Fraud activities
·
High
Data Security
·
Automated
Transactions
·
Track
Revenue
·
Secured
transactions
·
Allows
international transaction
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