Modernization is becoming inevitable, and businesses are placing their best bets in reaching out to the target audience via the online medium. Even Network marketing or the money-spinning MLM (Multi-Level Marketing) has gained a new shape due to the emergence of technologies. Conventional MLM businesses hold significant pain-points like lack of transparency, the middle-men involvement, slow processing of transactions, etc. Venturing into the digital medium and leveraging Blockchain and Smart Contract technology can be an ideal way to eliminate these hurdles and gain the trust of participants.
MLM platforms like Etrix, Forsage, etc., have already made an everlasting presence and have captivated the audience instantly. However, most of the Smart Contract MLM platforms run on the Ethereum blockchain. With advancements in technology, there are other blockchain networks that are more efficient than Ethereum. One such network that has gained massive reception in recent years is Tron. The fact that Forsage which runs on the Ethereum blockchain, has unveiled ForsageTron, the MLM structure that runs specifically on the Tron network, is an example that Tron can be the future of MLM networks.
Are you an entrepreneur who aspires to build a Smart Contract MLM software on Tron? If so, this blog provides you detailed information on everything you need to know, right from the advantages of Tron to the enticing workflow. Without further ado, let’s venture straight in.
The Rise of Tron
Launched in 2017 by a Singapore-based Non-Profit Organization, Tron emerged as a disruptive force right from its initiation. Similar to any other blockchain network, Tron paves the way for entire decentralization throughout the ecosystem.
Similar to ETH in the Ethereum blockchain, transactions in Tron take place via the TRX (Tronix) cryptocurrency. 1 TRX is roughly $0.03as of April 2020. In today’s world, a majority of dApps leverage Tron due to a variety of reasons. With crypto-enthusiasts predicting Tron to be the next big thing, it is only a matter of time until the Tron trend spreads to the nook and corner of the world comprehensively.
The Exclusive Benefits of Tron
A blockchain network without potential benefits ceases to create an impact and sustain itself among the audience. The innumerable benefits of Tron that make it irreplaceable include,
Zero or fewer transaction fees: Unlike ETH, where the gas fees increase with the traffic and transactions, Tron provides literally zero transaction fees for most transfers. This way, users can transfer millions of funds without worrying about paying hefty charges for transactions.
Ultra-speed TPS: Transactions Per Second (TPS) is a parameter that helps in assessing a blockchain network’s performance. Tron’s 25000 TPS is way higher when compared to rivals like Bitcoin or Ethereum.
Influential team: The team behind Tron has already quoted aggressive growth plans for the future. Unlike ETH or other blockchain networks, Tron seems to be highly reliable and has an influential team to steer it towards success.
Cutting-edge Attributes to consider
It is crucial to work on your USPs to captivate the audience. Here are some unique attributes to consider during your Tron Smart Contract MLM software development.
Robust security: Ensure that the system is tamper-proof by aligning the MLM platform with the latest updates in Tron blockchain and Smart Contracts. Integrating storage technology like LevelD and ChaosDB can be ideal to gain maximum efficiency throughout the system.
Instant P2P transactions: Smart Contract MLM platforms eliminate the need for withdrawal requests due to the introduction of crypto-wallets. The system facilitates lightning-speed P2P transactions, paving the way for maximum customer satisfaction.
Immutable Smart Contracts: The lack of transparency surrounding MLM platforms gets declined drastically due to the introduction of immutable Smart Contracts. Once programmed and put into action, Smart Contracts cannot be altered or modified in the future.
Hierarchy-less organization: There’s no supervisor or a controlling authority to manage the entire system. Due to the self-executing nature of Smart Contracts, the system is entirely decentralized and runs efficiently on the Tron blockchain.
100% transparency and traceability: Every transaction initiated on the MLM platform is distributed on the global ledger. This way, the system paves the way for the entire transparency and traceability of assets.
Ethereum compatibility: Ensure that your Tron blockchain-based Smart Contract MLM is Ethereum compatible. This way, those Smart Contracts that are devised to run on the Ethereum blockchain can be made to work on Tron as well.
Enticing workflow to gain instant traction
At the end of the day, participants who register with the platform have the ultimate aim of maximizing their profits. In the process of doing so, they require a seamless workflow to help them navigate through the platform effortlessly.
Registration: Initially, participants register with the platform by paying the registration fee of 400 TRX. This 400 TRX is redirected to the upline members.
Login: Upon registration, participants are allotted a specific wallet number. This wallet number can be used for login, eliminating the need to enter or remember account details/passwords.
Referrals: With the registration fee, participants unlock level 1 in the matrix. In this first level, participants have to make 3 referrals to successfully fill the slots. They can invite referrals personally or wait for the system to mandate free referrals.
Level upgrade: Upon 3 successful referrals, participants receive 1200 TRX in their wallet, 400 TRX from each user. Participants unlock the next level 2 by transferring 1200 TRX of upline. Upon successful completion of level 2, participants receive 10800 TRX.
The proliferation of income: Participants unlock level 3 subsequently by paying 3600 TRX. After 27 successful referrals in level 3, participants enjoy a net gain of 97200 TRX. This way, the system enables participants to reach the ultimate level 8, wherein they receive a profit of 70,858,800 TRX from successful referrals.
Appdupe is your one-stop destination
Now that you have identified the benefits of Tron blockchain and the cutting-edge attributes of the Tron-based Smart Contract MLM, it is time to set foot into action. If you’re looking for an app development company to help you develop an efficient system, we, at Appdupe, are just a tap away. Our end-to-end solutions help you scale your MLM in the shortest time possible. So, what makes Appdupe ideal for your blockchain-based Smart Contract MLM development.
Decade-long expertise: Our trained technical team, with over decade-long expertise, ensures that your MLM platform is up-to-date and cutting-edge in every aspect. This way, you can outplay your rivals comprehensively.
360-degree support: Appdupe’s well-equipped support team are available round-the-clock to resolve your queries at the earliest, making your development journey a piece of cake.
Custom-built Smart Contracts: You can modify and program the Smart Contracts entirely to suit your business needs. This way, you can satisfy your target audience effortlessly.
The market for MLM platforms forecasts exponential growth in upcoming years. As an entrepreneur, you needn’t have second thoughts about investing in this segment. Reach out to us, tell us your needs, and we’ll help you build an MLM empire in the shortest possible time.
Leverage Tron and foray into the market right away.
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