Just because of some scams in earlier cryptocurrency MLM, the entire business model has lost its trust, and reputation.
So to lift the cryptocurrency MLM to the trustworthy business model, it should be decentralized, and controlled by ethereum or any other blockchain smart contracts.
Integrate Smart Contract In Cryptocurrency MLM
To avoid all the scams in cryptocurrency MLM it should be decentralized and the entire system should be tamper proof under an immutable protocol. If a Cryptocurrency MLM wants to be decentralized and immutable then it should run on a blockchain platform by underlying the automated digital contract system known as” smart contracts “
Advantage of Smart Contract In MLM Businesses
Builds Trust.
Once deployed the system protocols can’t be changed in life time.
Joining fee, transactions, payment, position allocation in a matrix and everything will be handled by smart contract alone. So the admin has no control over the entire scheme.
Smart contracts keep records in blockchain, and the blockchain technology exists forever, so there are no chances for data loss.
Reduces the scams.
The system can’t be hacked from inside or outside entities.
Instant payment possible.
Everyone gets profits, the loss ratio is too low.
The Crypto MLM scheme will be easy to access for joining.
No Risks.
How to Start a Legit Cryptocurrency MLM With Ethereum Smart Contract In 2020?
To start a cryptocurrency MLM, you should have a proper plan, requirements and resources to execute the plan. The business plan, and the requirements should be declared by you. To execute the plan, at bitdeal we can provide all the resources for platform designing and development, Smart contract development, QA testing of the platform, Smart contract auditing, and to deploy the project on time. Apart from this at bitdeal we are providing ready made clone packages of currently popular ethereum smart contracts. Which doesn't require much time and effort to make it live.
We have popular smart contract MLM Clone Scripts
- Million Money Clone Script
- Forsage Clone Script
- Doubleway Clone Script
And more..
If you don’t want to choose a clone script, and want to make it from scratch, then proceed further.
Cryptocurrency MLM Business Plan 2020
- Decide the Nature of Your Cryptocurrency MLM
- Find the existing competitions and extract the loop holes from leading players
- Decide the preferred Crypto token inside the system
- Fix the referral system and joining methodology
- Fix the joining Fee
- Highlight the How much profit can participants earn in how many days
- Prepare the Profit Table
- Prepare the Graph of Commision Payout Cycle
- Draft the Smart Contract Functionality In Theoretical
- Find a company or developers who can assist you in completing this project
- Make a Deal When everything is convinced.
How Bitdeal Can Assist You In Cryptocurrency MLM Platform Development ?
Bitdeal, we are the reputed blockchain development company and are experts in custom smart contract development, and auditing services. We can travel with you throughout the process of developing your cryptocurrency mlm platform with ethereum smart contracts. Check out our development process below.
Our Smart Contract MLM Development Process
- Requirement Analysis
- Scope Declaration
- Resource Allocation
- MLM Platform UI/UX Design
- Smart Contract Architecture Design
- MLM Platform Development
- Smart Contract Development
- MLM Platform Testing
- Smart Contract Auditing
- Bug Fixing & Deployment
- 24x7 Technical Support
Integration Services
- Cryptocurrency Wallet Integration
- Meta Mask ( For Desktop)
- Trust Wallet ( For Mobile)
API’s Integration
Cryptocurrency MLM Software Integration
Wrapping Up..
Cryptocurrency MLM businesses with ethereum smart contract integrations are getting a huge hike and witnessing high profits during this coronavirus pandemic time. People who wish to make money online, utilize blockchain based MLM schemes to get high ROI. So if you want to be a successful billionaire, then this is the right time to start your own cryptocurrency MLM with a Smart contract.
Originally Published : Cryptocurrency MLM Software Development