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Witness High Growth by Developing a Smart Contract-Based Bitcoin MLM Software

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Avatar for Linda
Written by   9
2 years ago

Currently, starting a Smart Contract-Based Bitcoin MLM Software is a profitable investment opportunity for entrepreneurs.

How to Launch Smart Contract-Based Bitcoin MLM Software?

Understanding the meaning of MLM

  • MLM stands for Multi-level marketing. It is also popularly known as referral marketing or network marketing. 

  • Members will be recruited for promoting the business’s products and services. 

  • They will be incentivized to recruit new members by making referrals. 

  • It is a good source of passive income. 

  • The traditional MLM model suffered some limitations in the form of delayed transactions, mistrust, mutability, and lack of transparency.

What is a Smart Contract-based MLM?

  • It is a decentralized platform that operates with the help of smart contracts. 

  • There is no involvement of any centralized authority in the system. 

  • There are different MLM plans like binary, Unilever, and matrix, and members can earn valuable cryptos as rewards by referring a new user to join the platform. 

  • MLM platforms are mostly created on blockchain networks like Ethereum and TRON. 

  • Smart contracts ensure high security, complete transparency, and zero risks. 

  • Transactions are executed instantly without the presence of any third parties.

Ethereum Smart Contract-Based MLM Development

Ethereum Smart Contract-Based MLM
  • Ethereum is the number one choice for developing DApps, smart contracts, and DeFi projects

  • It is 100% decentralized. 

  • Members earn their rewards in the ETH cryptocurrency. 

  • All the transactions, tokens, and wallet addresses will be stored in the Ethereum Scan, which is the block explorer of the Ethereum blockchain. 

  • The Ethereum Virtual Machine (EVM) possesses all the library files for building customized smart contracts. 

TRON Smart Contract-Based MLM Development

  • TRON is the emerging hub for building DApps for various industries. 

  • Members of the platform earn their rewards in the TRX cryptocurrency. 

  • TRON has a higher transaction speed and lower transaction fees than Ethereum. 

  • It does not calculate the gas price but takes into account the bandwidth consumed and the energy utilized by every user. 

TRON MLM Software Development

Bitcoin Smart Contract-Based MLM Development

  • It is built on the Bitcoin blockchain network.

  • The rewards are distributed to the users in the form of Bitcoin cryptos. 

  • Members can join the platform by submitting a specific amount of Bitcoin. 

As seen above, smart contract-based MLM software offers a plethora of advantages in the form of traceability, no frauds, faster peer to peer transactions, high data security, and automation of operations. Witness success by coming out with a proper plan of business requirements and organized execution. 

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MLM Software refers to multi level marketing ( MLM ) / Affiliate marketing management tool. In which an admin user can manage a network, its users, and compensation plan. MLM Software also provides its end users in the network, ability to see their network status, income, and manage their referrals, and payouts.

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