Cryptocurrency Smart Contract based MLM platform development
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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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