Free · Cryptocurrency Smart Contract based MLM platform development

Published date: November 8, 2022 10:48 am

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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.

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