MLM businesses have never been the same with the emergence of Smart Contract & Blockchain technology. The cloud of doubts surrounding conventional MLM businesses like lack of transparency, interference of middle-men, etc., get eliminated in no time by leveraging these advanced technologies. The fact that one can maximize their income in one of the easiest and highly reliable ways propels the market for MLM businesses massively. The hack-proof nature of blockchain adds icing to the cake in this context here.
Platforms like Million Money, Doubleway, etc., have already emerged as the disruptive force in the sector, growing a massive customer network. With a profitable 2×8 matrix scheme and unparalleled app experience, Doubleway has made a mark for itself in the MLM community within just a year since its inception.
Are you an entrepreneur who aims to replicate the success of Doubleway.io by initiating your Doubleway MLM clone app development? If so, this blog provides you a detailed overview of the killer characteristics of the platform to the remunerative matrix schemes worth-considering in your application.
Doubleway.io – A Quick Overview
Launched in September 2019, Doubeway is an entirely decentralized MLM platform that works efficiently based on the matrix-oriented gifting scheme. Doubleway leverages Ethereum blockchain to carry out business operations efficiently. The platform works on the profitable 2×8 binary matrix scheme.
Commonly described as the dark side of CryptoHands, the platform’s immutable nature propels a sea of participants to reap exciting profits by registering with the platform. The platform enables people to earn a commission for every successful referral participants make in the downline matrix.
Killer Characteristics of the Doubleway MLM clone platform
To captivate the participants to join the platform, it becomes crucial to integrate cutting-edge characteristics into it. Here are some vital elements that you shouldn’t want to miss out on your online MLM platform.
Entirely decentralized system: The system becomes hierarchy-less with the introduction of Ethereum blockchain. This way, the need for an admin or a controlling authority gets eliminated.
Single-time registration fee: The platform comes with zero hidden charges. All that participants need to pay is a single-time registration fee of 0.08 ETH. This way, one can maximize profits with a single minimal fee.
Lightning-speed transactions: Unlike traditional MLM businesses where participants have to raise withdrawal requests, the system facilitates ultra-speed P2P transactions between participants. This way, the entire platform becomes more reliable & trustworthy.
100% transparency: Every transaction initiated in the platform gets distributed in the global ledger instantaneously. This way, the entire system becomes transparent, leading to traceability of assets in no time.
CryptoHands compatibility: The platform becomes entirely compatible with cryptoHands. This way, those referrals that participants make using CryptoHands get reflected on the system concurrently.
Tamper-proof security: The introduction of blockchain paves the way for hack-proof protection throughout the system. The platform keeps cyber-attacks at bay effortlessly.
Immutability: Smart contracts, once programmed, cannot be altered or modified for the disadvantage of participants. This immutability aspect of smart contracts makes it highly dependable for the efficient functioning of the platform.
Remunerative Compensation plan
The platform comes with a 2×8 binary matrix scheme. There are 8 levels in total, helping participants grow their profits to as high as 3495.2 ETH in 64 days. Let’s look at the different levels in detail,
Level 1: The level unlocks after participants pay the initial fee of 0.08 ETH. After two successful referrals, participants generate 0.16 ETH.
Level 2: Here, participants need to make 4 successful referrals. After having paid the entry fee of 0.16 ETH, participants generate 0.64 ETH.
Level 3: Upon paying the entry fee of 0.32 ETH, participants make 8 referrals to generate 2.56 ETH in return.
Level 4: This level requires 16 referrals. With an entry fee of 0.64 ETH, participants generate 10.24 ETH at the end.
Level 5: The entry fee for this level is 1.28 ETH. After 32 referrals, participants 40.96 ETH in return.
Level 6: This level involves 64 downline members. Participants earn 163.84 ETH after paying 2.56 ETH as an entry fee.
Level 7: After having paid 5.12 ETH as an entry fee, this level enables participants to earn 655.36 ETH after 128 successful referrals.
Level 8: In this last level of the compensation plan, users pay 10.24 ETH as entry fees and earn 2621.44 ETH after referring 256 participants.
With such profitable compensation schemes, users can earn 3495.2 ETH in 64 days.
It is pointless to introduce profitable matrix schemes without providing an unparalleled app experience. The whitelabel Doubleway MLM clone comes with a seamless workflow that enables participants to boost profits in one of the easiest & efficient ways.
Initially, users sign up with the MLM platform by paying a single-time fee of 0.08 ETH. Subsequently, they are assigned an Ethereum wallet number for further transactions.
Once registered with the platform, users cannot delete or block their accounts due to the immutable nature of Smart Contracts. The need for login credentials is eliminated as users log in via their wallet numbers.
Users unlock the first level with their registration fee and begin referring participants into the system. They can attract referrals via their personal connections or wait for the system to provide automatic referrals.
As users begin to refer participants into the system, they receive periodic commissions as the entire platform is regulated with the help of Smart Contracts. Users can transfer funds from their wallets anytime & anywhere.
By progressing through different levels, users complete one MLM cycle after making 510 anonymous referrals and, in the process of doing so, earning 3500 ETH in two months. Participants can repeat the cycle once again.
Feasible action plan
Any platform without a definitive goal or approach ends up getting neglected by its users, paving the way for the inevitable failure. Speaking of an action plan, here’s how you can steer your business proceedings towards tremendous success.
Work extensively on your USPs (Unique Selling Propositions) as to how your Smart Contract MLM differs from others.
Incorporate a remunerative matrix scheme, promising participants hefty returns.
Ensure that you fix the nature of the platform. For instance, some MLM platforms enable earning via referrals alone, while some help generate income via spillovers, overflows, etc.
Program the Smart Contract perfectly to align with your business needs, owing to their immutable nature.
Determine the levels in the MLM platforms like unilevel, bilevel, etc.
Audit the Smart contract entirely with the aid of a third-party expert panel team.
Join hands with an expert app development company like Appdupe, that can transform your visions of building an MLM empire into reality.
Appdupe can help you out comprehensively
With multiple MLM platforms gaining a stronghold of the market, do not miss out on this lucrative business opportunity of foraying into the segment. At Appdupe, we can help you extensively with our end-to-end solutions. Our trained technical team ensures that the app is feature-packed, robust, and built according to the current technological advancements.
Reach out to us, tell us your needs, and we’ll help you kickstart your MLM journey in no time.
Initiate your Doubleway MLM clone app development today
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