Smart Contract-based MLM is a decentralized software functioning on various blockchain networks like TRON and Ethereum. TRON is the hub for DApps and TRON Smart Contract-Based MLM is coded in programming languages like Solidity, PHP, and Laravel. Ethereum is the leading platform for DeFi based projects.
Why TRON Smart Contract-Based MLM is ideal for your business
- It runs on a 100% automated system and eliminates the need for any third-party. Hence, it ensures risk-free and secure operations.
- It guarantees a higher return on investment.
- Transactions are executed faster on TRON and the platform also offers huge returns on referrals made by the users.
- It can be used in a variety of industries like healthcare, agriculture, information technology, real estate, and transportation.
- Every transaction processed in the platform can be identified and tracked by the immutable smart contracts.
- Users can get access to their detailed transaction history on the MLM platform.
- It is scam-free and there are no chances of any hacking attacks to occur.
- High-end security measures are taken to ensure a safe investment experience for the users.
- There are no gas prices in a Smart Contract-Based MLM on TRON ensuring higher returns for the owners for each transaction carried out on the platform.
- Affordability is ensured as the initial entry fees are very low for users.
- Apart from the regular distribution of rewards, there are several other lucrative gifting schemes available for the users.
How does a Smart Contract-Based MLM on TRON functions?
- The user signs up on the platform with his TRON Wallet number.
- He clicks the option – Get upline from the system.
- 400 TRX (Tronix) cryptocurrency will be redirected to him by the smart contract.
- It will be returned fully when the user brings in his first referral.
- Once the wallet address has been entered in the account, the information will be automatically taken from the TRON blockchain network and displayed on the screen.
- There are no private keys or passwords for users to enter.
- Every user must bring in at least three referrals.
- If a fourth one is brought in the first level itself, that person will be directed to the referral of your referral.
- 1200 TRX will be earned for bringing in three referrals.
What are the benefits offered by an Ethereum Smart Contract-Based MLM?
- Ethereum blockchain is popular for building various DApps, smart contracts, and DeFi projects.
- It has a multi-currency wallet for enabling the secure transfer of cryptos among different users.
- The returns can be multiplied through an exclusive investment module.
- Sales can be improved by automating and centralizing the commission-based incentive plans.
- Data safety of the users is assured through the implementation of standard encryption techniques and multi-tier authentication mechanisms. There is no access provided for external parties in the system.
- Hardworking affiliates get rewards to boost their income.
- A wide range of payment methods is accepted by the platform.
- It acts as a useful source of passive income without any downline.
- Ethereum Virtual Machine (EVM) contains all the library files to create customized smart contracts.
- All the transactions executed, tokens bought and sold, and wallet addresses are stored securely in Etherscan, which is the Block explorer of the Ethereum blockchain network.
- Etherscan can be utilized to view and verify the transaction history of the users.
- A high level of transparency is ensured over the data stored on the smart contracts.
Factors to consider while starting a Cryptocurrency MLM business
- Analyze the practices followed by the existing competitors in the industry and try to figure out any loopholes in the strategy of the players.
- Decide how to integrate the crypto token inside your system.
- Fix the terms and conditions of the referral system and the joining methodology for the new users.
- Determine the joining fees. Keep it at a lower rate than your competitors to attract more users to your platform.
- Highlight how much profits can be earned by the participants in a given period.
- Prepare a detailed profit table and share it with your users.
- Circulate the graph regarding the commission payout cycle.
- Draft the terms and conditions of the smart contract and make your users aware of the same.
- Hire knowledgeable developers for assisting you in completing the project quickly.
- Strike a good deal when everything looks convincing on your side.
Our process related to TRON Smart Contract-Based MLM and Ethereum Smart Contract-Based MLM
- Analyzing your business requirements thoroughly.
- Allocating the necessary technical resources.
- Designing smart contract architecture.
- Developing the smart contract on TRON and Ethereum.
- Undertaking QA testing by auditing the smart contracts.
- Fixing all the bugs and glitches before final deployment.
- 24×7 technical support in numerous languages post-deployment.
- Integration with the leading cryptocurrency wallets like MetaMask for desktop users and Trust Wallet for mobile users.
- Providing easy API integration with the platform.
Currently, Ethereum Smart Contract-Based MLM and Smart Contract-Based MLM on TRON are witnessing an increasing user base and huge profits. Hence, this is the appropriate time to make money online and earn higher ROI by starting a cryptocurrency MLM with a smart contract.