Understanding Blockchain Based MLM Smart Contracts With The Help Of TronMakers
If you want to earn a lot of crypto without getting involved in all that trading, staking, and what not, MLM (multi-level marketing) is your best shot.
A blockchain-based MLM smart contract enables you to begin getting cryptos right away. Here are three attributes blockchain has brought to network marketing.
Decentralization
While almost all frontline financial systems are centralized, blockchain has no central authority. Rather, what makes blockchain stand out is a decentralized ecosystem. There is no central authority which would control the database and flow of information. The technology leaves out intermediaries like banks, financial institutions and currency exchanges, putting more money into the hands of the participants.
Smart contracts
Algorithmic smart contracts can be written on top of ablockchain, automating all the relevant procedures. Smart contracts can execute actions, based on pre-determined events. All aspects of your MLM business are taken care of by the smart contract. A major issue in the conventional MLM business was the lack of trust among the participants. Thanks to smart contracts, all the participants now know the algorithm will treat all of them equally, without fear and favor.
Transparency
Blockchain has gained traction with businesses of all hues because of the transparency it introduces in the system. All transactions are recorded in a block which all the participants have real-time access to. The transactions can be traced back to the root as well. Blockchain has brought in unprecedented level of transparency in the procedures.
Now that you are aware of the basic attributes of a blockchain, let us understand what difference a blockchain-based MLM smart contract creates. Automated MLM model we have used here to comprehend the ecosystem is TronMakers, a smart contract based on TRON blockchain.
MLM Based on a stable blockchain with immutable blocks
You can trust the TRON blockchain when it comes to stability of operations. As long as the blockchain is existing, the smart contract will continue to work. Once the smart contract is up and running, no one can interfere with it. Not even the people who developed TronMakers in the first place will be able to interfere with its functionality.
All participants can be absolutely assured that the parameters of the contract won’t be changed and the system will keep working in a pre-determined way.
Transactional history stored in blockchain in a transparent way
When it comes to transactions, every aspect is crystal clear as all the data is recorded on the blockchain. You can trust the network code of the blockchain to store the transactional history. Often, the opacity of the transactions becomes a reason of mistrust among the participants. When all participants are sure about the data being trustworthy, the reasons of the people losing faith and leaving the network is minimal.
Understanding the mechanics
You are aware of the roots of the roots of the TronMakers now and it is time to get into the mechanics.
The fees for joining the network is too low (1000 TRX), making it easy for anyone to join. TRX is the currency of operating on TRON network. If your team is ready and you just keep following the repeat function every 90 days, you can take home 97,000,000+ Tron every 90 days. As for the plan, it is quick and simple. It is 2×10 lines matrix i.e. 2046 participants in a team of 10 lines.
Tronmaker cryptocurrency MLM software epitomizes how blockchain has revolutionized the world of multi-level marketing software. It blends binary network, blockchain, smart contract, and other future- oriented ideas.
There are six levels in the smart contract, all with different amount of TRX. These are Level 1 (1000 TRX), Level 2 (3000 TRX), Level 3 (20000 TRX), Level 4 (100K TRX), Level 5 (250 TRX), and Level 6 (500K TRX). As for the number of partners, it is as mentioned — Level 1 (62), Level 2 (126), Level 3 (254), Level 4 (510), Level 5 (1022), and Level 6 (2046).
Coming across intrinsic features and advantages
Tronmakers is first smart contract MLM platform to have come up on TRON blockchain. The mechanism executes instant operations without any centralized system and has an intrinsic feature of protecting the identity based on AI.
If you ask why you should choose TronMakers in place of an Ethereum-based smart contract, there is a string of reasons. Firstly, the transaction fees is much cheaper that Ethereum. In recent times, the gas fee (transaction fee) on Ethereum has increased ridiculously worrying users across the globe. Several DeFi protocols have been coming up with their own solutions. In this scenario, TronMakers smart contract MLM script comes as the perfect option.
Secondly, throughput of TronMaker is considerably more than that of an Ethereum-executed smart contract. TRON blockchain can around 2,000 transactions per second which is much quicker than BTC/ETH blockchain. Thanks to next generation TRON blockchain, you can be sure there would no pending confirmation and no more failed transaction.
Contrary to what is recently happening on Ethreum blockchain because of congestion, there is no chance of a transaction getting stuck on TRON blockchain. You won’t feel frustrated like you may feel in several Ethereum-backed contracts.
Tronmaker is an easy-to-understand plan that you can begin working on. You first earn, and only then you pay for the next level up-gradation.
When you may lose your profit
Now, if you have made up your mind to set off on TronMakers smart contract, you also need to remember when you may end up losing the profit. In case you fail to purchase the next level in the smart contract before your downline partners, you will lose eligibility to receive payment from your downline partners. However, your upline partners who have bought the next level will qualify for the incentives. You need to keep a watch on your MLM smart contract structure and make the purchase of the next level in time so that your payment doesn’t get stuck.
Less active participants to get earnings
TronMakers has a feature to ensure that the participants who are less active also get earnings from the platform. The feature gains importance as not all participants will be equally active. Some people will be more active while others will not be so. Help is in place for the participants who join the network without any reference ID. The system has been designed to enable everyone on the smart contract to earn their share.
Summing up
If TronMakers has made it to the top of MLM solutions, it is because of the sophistication and stability TRON blockchain provides. As a blockchain, TRON is a generation more powerful than Ethereum. Transacting on TronMakers costs less than that on Ethereum-based contracts and the number of transactions per block is also significantly more.
TronMakers also ensures the participants who are not so active also earn their share, thus preventing any likelihood of them getting frustrated and quitting the smart contract.
