Building an MLM platform on TRON blockchain works based on a Binary matrix as same as the MLM platforms built on the Ethereum network and with a gifting scheme which offers the users to earn TRX tokens instead of ETH. As TRON and TRX are creating a big competition against Ethereum and ETH, there are huge adaptations of Tron and TRX by business people and also traders in recent days. Thus, many business people choose TRON blockchain to build their business dapps, and also many traders believe in trading through TRX. Thus you can also use TRON blockchain to build the smart contract of your MLM business with a customized TRX token reward system.
Why Prefer TRON Smart Contract over Ethereum Smart Contract for MLM business?
Here let us look at the major benefits of launching your own MLM business with TRON based smart contract over Ethereum based smart contract.
Even though the TRON was introduced many years after Ethereum, they both have the same goals and do the same functions as well. Since in recent days, Tron is creating competition for the Ethereum network.
The usage of TRX, the stable coin of TRON Blockchain by crypto traders has increased in recent days when compared to the ETH users. This shows that people prefer to invest in TRX more than ETH.
Recent transaction data shows that total ETH transactions over 24 hours are 626,000 when that of TRX is 816,000 which is also above the BTC transaction. This data clearly shows that crypto users prefer TRX tokens over other cryptos.
Many Dapps and DeFi are built on the Ethereum and Tron network more than any other blockchain. To beat the numbers of dapps on Ethereum, there are more dapps developed on Tron, as Tron is also becoming a popular blockchain that leverages dapps and DeFi solutions.
The main advantage of TRON over Ethereum is that the transaction fees in Ethereum are calculated by multiplying Gas and Gas Price, but in the TRON the transaction fees are calculated using Bandwidth and energy which is lower than Ethereum’s Transaction Price.
As we all know the famous token standards of Ethereum are the ERC 20 standard, which is being pulled back by the TRON token standard TRX 20, through which many tokens are built in recent days.
Another major benefit of choosing the TRON network for smart contract MLM development is that the transaction speed of TRON, ie., 25,000 TPS which is many times greater than Bitcoin and Ethereum network transactions.
The transaction fee of TRX is nearly Zero, which makes crypto users prefer TRX over ETH, BTC, and more.
It is recorded that approximately $180 M is spent by users on TRON based Dapps which is more than the amount spent on EOS or Ethereum based Dapps. And also a 207% increase is recorded in the use of TRON Dapps.
This clearly shows that TRON, TRX, and TRON based dapps are becoming popular and used more often by people than Ethereum, ETH or ETH based dapps. As the network TRON and TRX have greater benefits, building your MLM smart contract on TRON blockchain will result in making your MLM Platform highly trusted and used by people all over the globe. Contact Bitdeal’s expert now to get developed your own smart contract MLM on TRON dapp with customizable features & plugins and also more salient features that attract more users.
Article Content Originally Published at: Smart Contract Based MLM On TRON