Multi Level Marketing, also known as Network Marketing, is one of the famous business models in the market. The basic concept of MLM has been to create a win-win situation for MLM companies and participants of the MLM program. However, the traditional business model has its share of disadvantages. The lack of trust is one major factor. This is a result of centralized authority and not-so transparent procedures.
That’s where Bitcoin MLM created an interest in the market. By moving the MLM business to a decentralized blockchain and using smart contracts to automate transactions, business owners can provide users with a comprehensive platform where mutual trust and growth are possible.
Business owners can contact MLM software developers to invest in the best Bitcoin MLM software and become successful. So how does one start a business using the software? Here’s how.
Understand What a Smart Contract is and Why it is Important
The first step to investing in something is to understand what it is and why it should be used. A smart contract is a computerized code that is programmed to automatically execute a transaction as long as it satisfies the criteria mentioned in the program. Smart contracts are used to automate and enable peer-to-peer (P2P) transactions among users and increase the transparency and efficiency of the platform.
Choosing the Software
There are various ways to build an MLM platform with smart contracts. Business owners can both start from the scratch and invest heavily in the complex process, or they can use the white label software provided by the famous software developers.
With the latter, business owners still have the flexibility to customize the software and include additional features. At the same time, they can save time and money by using a readymade software script rather than writing the entire code. Business owners can pick a Bitcoin MLM plan that is best suited for the business.
Reasons to build Bitcoin MLM software
Here are a few reasons why businesses can choose to build Bitcoin MLM software:
Bitcoin MLM software is built on Bitcoin blockchain, making it completely decentralized. With no human involvement, Bitcoin MLM software solutions put users in complete control of their funds, giving them the confidence of autonomous and secure transactions.
The immutable smart contract performs all of the calculations on the platform. It means that the smart contract based MLM platform is tamper-proof and immune to any kind of changes or amendments.
The integration of a smart contract into Bitcoin MLM software drives peer-to-peer, automated transactions between platform users. The funds are automatically calculated through the smart contract and instantly transferred to users’ wallets.
At the core of Bitcooin MLM software is blockchain technology, which makes human functions redundant and the platform completely risk-free. The smart contract integrated into the system ensures that users’ accounts cannot be blocked, deleted, hacked, or changed by anyone.
The best way for business owners to save time and money without compromising on quality when developing a smart contract-based MLM business is by contacting the leading white-label MLM software developers in the market.
At Antier, we develop and deliver MLM software built on Bitcoin, Ethereum, and TRON blockchains. Whether you need a white label solution or want to build a custom MLM platform from scratch, we successfully cater to your needs.
Schedule a free demo of our smart-contract-based white label MLM solution or connect with our subject matter experts to share your needs for a custom MLM platform built from the ground up.