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How to Launch Smart Contract-Based Cryptocurrency MLM Software?

written by Nitin Garg | Sep 16, 2022
How to Launch Smart Contract-Based Cryptocurrency MLM Software

Multi-level marketing –  MLM in cryptocurrency is nothing new. Hundreds of businesses from different parts of the world are successfully implementing and using it. However, MLM in cryptocurrency is not without its problems. A greater number of frauds occur than we expect, regardless of whether they are committed by customers or agents. 

The technology of blockchain and crypto smart contract platforms is here to help and create smart based cryptocurrency MLM software that is transparent, secure, and reliable. Multi-level marketing platforms can benefit from smart contracts by reducing their risk while offering the benefits of multi-level marketing. 

Blockchain-based crypto smart contract platforms are secure. In MLM software development Smart contract MLM script can be used to launch a new MLM platform on Ethereum or TRON MLM Software. 

MLM software with smart contracts can save you time, money, and effort. With the MLM platform, you can customize compensation plans according to your business model. 

What Smart Contracts are and Why They Are Important?

It is essential to understand what something is and why it should be used before investing in it. Smart contracts are computer programs that automatically execute transactions as long as they meet the criteria outlined in the program. Peer-to-peer (P2P) transactions are automated and enabled with intelligent contracts, increasing the platform’s efficiency and transparency. 

Choosing the right software 

Smart contracts can be used to build an MLM platform in various ways. Alternatively, business owners can take advantage of white-label software provided by famous software developers or start from scratch and invest heavily in the complex process. 

There are a variety of Bitcoin MLM plans available for business owners to choose from. 

Smart Contract MLM Software for cryptocurrency

Bitcoin MLM software: Reasons to Build It

Bitcoin MLM software: Reasons to Build It

Businesses can build Bitcoin MLM software for a variety of reasons:

  • A decentralized system

The Bitcoin MLM software is decentralized due to its implementation on the Bitcoin blockchain. Users have complete control over their funds with Bitcoin MLM software solutions, providing them with the confidence of autonomous and secure transactions.

  • Develop Smart contract that are immutable

The immutable smart contract performs all calculations on the platform. In other words, the smart contract-based MLM platform cannot be changed or amended by anyone.

  • A peer-to-peer transaction

Peer-to-peer, automated transactions between platform users are enabled by integrating smart contracts into Bitcoin MLM software. Users’ wallets are instantly credited with the funds after the smart contract calculates them.

Read Also: What is a Peer-to-Peer ( P2P) Crypto Exchange & How Does It Work?

  • It’s risk-free

Using blockchain technology, Bitcoin MLM software is completely risk-free and eliminates the need for human labor. It prevents anyone from blocking, deleting, hacking, or changing a user’s account because the smart contract is integrated into the system.

Cryptocurrency MLM Software Features

Cryptocurrency MLM Software Features

The following is a list of some of the prominent features of cryptocurrency MLM software. 

1. Dashboard for Administrators

An administrator of a cryptocurrency MLM platform has full control over the platform. In the dashboard, an administrator can view all members of its MLM network and all revenue generated by them. 

2. Integrate Multiple Payment Methods

In the first place, cryptocurrency MLM software allows you to store a wide variety of coins in your wallet. Effective solutions include integrated wallets for managing revenue and funds, such as working wallets and payment request wallets. 

3. Process for Automating Marketing

Various marketing processes can be automated using cryptocurrency MLM software, including SMS notifications, social media sharing, and others. 

4. Management of Members

With centralized MLM platforms, you can keep track of all the members and maintain a safe distributorship network.

Read Blog: Cryptocurrency Exchange Development Cost & Features

5. Interface that is Intuitive

In order to avoid frustration for users, the software must provide a simple and intuitive interface. For a better experience, it should be easy to navigate and use. 

6. Customization is Available

Businesses benefit from cryptocurrency online MLM software that can be customized to meet the unique needs of their businesses. Administrators can customize its interface, add or remove modules, enable integrations, and more. 

7. Managing Backups and Restores

MLM software takes a backup of important cryptocurrency transactions, which can be restored at any time.

How to Create Your Smart Contract-Based Crypto MLM Software?

Let’s examine the steps involved in developing a Smart contract or for starting a crypto exchange in more detail now that you’ve seen the steps.

2. Obtain Venture Funding.

The approximate cost of your project should be known before you begin. Cryptocurrency exchanges require a minimum of $135,000 to be developed and launched.

3. Identify a Technology Solution Provider.

The BR Softech team has been developing stock exchanges for over 20 years, including the backend technology used by some of the largest stock exchanges in the world.

4. Add Liquidity to Your Exchange by Connecting with Others.

Liquidity is the key to successful exchanges. Potential clients will view a new venture without an order book and trading activity with skepticism. 

5. Become a Payment Processor Partner.

It is not the same for all payment processors. There will be a wide variation in fee structures between companies, among other things. Your transaction rate needs to be as low as possible to be competitive with other exchanges.

6. Ensure that Best Security Practices are Implemented.

With offline cold storage wallets, two-factor authentication, and encrypted databases, BR Softech exchanges are among the most secure in the world. 

7. Beta Test Before Going Live.

Your exchange has been built. Your payment processing firm has signed a contract with you. In addition, you have taken great care to ensure your exchange complies with all laws and regulations. 

8. Launch a Marketing and PR Campaign.

The next step is to connect with crypto news outlets such as Coindesk once your exchange has launched. In order to ensure your initial raise doesn’t leave you scrambling for additional funding, it is critical to plan out your marketing activities along with their costs.

9. Provide Excellent Customer Service.

A successful cryptocurrency exchange is determined by its ability to excel in customer support. Consumer complaints and technical problems must be resolved satisfactorily by those who deal with consumers. 

What can Cryptocurrency MLM Software do for your Business?

  1. Business owners can easily promote their new cryptocurrency using cryptocurrency MLM software. 
  2. Blockchain technology secures cryptocurrency, which is a digital currency. Transactions made through this method are considered to be safe and secure. 
  3. Companies are currently developing new cryptocurrencies, but they need a platform where they can be promoted. The value of your cryptocurrency will be lost if users don’t know your cryptocurrency is a payment option. 
  4. Your new digital currency can be successfully marketed using a cryptocurrency multilevel marketing platform. 
  5. The use of cryptocurrency encompasses a wide range of activities, including investment, trading, and transactions. We offer the fastest and most secure cryptocurrency MLM software development services
  6. The cryptocurrency MLM software uses Bitcoin as an integrated currency application. Money transaction issues or concerns in the MLM industry have been significantly reduced by cryptocurrency MLM software. 
  7. Blockchain technology also uses advanced cryptography to encrypt the data. Data becomes less vulnerable to hacking or modification as a result. A company with a large amount of data storage needs can benefit from this technology. 

MLM Software Based on Blockchain Technology

  • As a decentralized technology, blockchain offers potential solutions to the pain points that can hold back the best of MLM projects.
  • Blockchain technology automates the commission model, thereby eliminating transactional fraud as a result of decentralized ledger technology.
  • Assures users of complete transparency while encouraging them to participate with confidence.
  • An open distributed ledger keeps track of all transactions, which is accessible by everyone on the network
  • The immutability of smart contracts prevents companies from making changes to their systems once they have been defined.
  • Transactions are accelerated: Automated transactions eliminate the need for human intervention and result in real-time data processing.

Top 7 Cryptocurrency MLM Software Development Types

Choose your preferred blockchain-based MLM business model

Software for TRON MLM

There is a lot of potential in the upcoming years for TRON Smart Contract MLM Software, the upcoming blockchain network. Due to its high scalability and low fees, a TRON MLM software system proves ideal for your users. In addition, over 4000 transactions are executed per second on the platform.

Software for Ethereum MLM

Decentralized applications are typically built on Ethereum, a blockchain network. Due to the inclusion of smart contracts, Ethereum MLM software is what every MLM entrepreneur needs because it executes all functions in accordance with pre-specified immutable conditions

Software for MLM by EOS

Due to its negligible transaction fees and high scalability, the EOS platform attracts a large number of users. A low latency EOS MLM software supports an expanded user base and executes functions at optimal speeds. In addition, EOS MLM software is unique to all models. 

Software for Bitcoin MLM

The encryption protocols of the Bitcoin blockchain set the standard for other blockchain networks. Because bitcoin MLM software operates on a multi-nodal network, it is immune to data breaches. Furthermore, bitcoin MLM software offers 100% decentralization with instant transactions at high speed.

MLM software for cryptocurrency

Fiat currencies and manual functions are no longer used by millennial MLM companies. MLM software for cryptocurrency today allows for a comfortable business model that creates passive income through instant cryptocurrency transactions over smartphones.

MLM Software Based on Blockchain

Through its transparent nature and encryption protocols, blockchain-based MLM software ensures the highest level of security and credibility among your platform users. MLM software powered by blockchain will therefore rule the future of the industry.

MLM Software for Matic

When you are looking for a highly secured platform that ensures transparency and cannot be hacked, Smart Contract Based MLM Software on Matic might be the perfect choice for you.

Why choose BR Softech for Crypto MLM Software Development?

Why choose BR Softech for Crypto MLM Software Development?

Find out how you can break through the market with your MLM business. An MLM software based on blockchain solves all the existing pain points in the MLM industry and steers your MLM company to success.

Automating Smart Contracts

In this type of transaction, a smart contract automates the transactions based on uneditable predefined conditions, eliminating the need for a third party to be involved.

Assurance of Reliability

There are no restrictions on editing the objectives of a decentralized MLM organization. Due to this, the platform has a high level of reliability

A Transparent Process

The open blockchain network makes every pseudonymous transaction public. As a result, your Multi Level Marketing business is more likely to gain trust from users

Authenticity of Brands

Your MLM organization can reach far beyond boundaries easily as a genuine brand and make huge profits with such enticing benefits

Conclusion 

Contacting white-label MLM software developers is the best way for business owners to save time and money when developing smart contract-based MLM businesses. 

Our company develops and delivers MLM software built on Bitcoin, Ethereum, and TRON blockchains. You can rely on us for white-label solutions or to build a custom MLM platform from scratch.

Connect with our subject matter experts to discuss your needs for a custom MLM platform built from the ground up or schedule a free demo of our smart-contract-based white label MLM solution.

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Nitin Garg

I am Nitin Garg Founder of BR Softech PVT LTD - an Award-winning, app, web & game development company. We are armed with 180+ geeks & 2753 clients worldwide, I have driven by the spirit of entrepreneurship and dream to build a billion-dollar-company.

About Us

BR Softech Pvt. Ltd. excels in providing cost-effective IT Solutions. Established in August 2010 with over 10+ years of rich experience. An Apex rated IT serving company around the world. Our team of innovative and creative designers deals in web designing, mobile/ software development and other digital marketing services intending to deliver outstanding digital outcomes.

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