MLM, or multi-level marketing, has garnered a lot of popularity in recent times. It offers money-making opportunities and has a lot of growth potential.
The MLM industry is currently valued at over 167 billion in US dollars. It is the marketing strategy where companies incentivize users to promote their products or services by asking them to refer it to their friends or anyone else in their network.
In other words, Multi-level Marketing creates a win-win situation for both companies and users.
Even though the conventional MLM business model is not new, there has been increased momentum in the cryptocurrency MLM model.
Why Use Cryptocurrency MLM Software?
Cryptocurrency is a virtual digital currency used for electronic purchases and transfers. Some of these cryptocurrencies are Litecoing, Dash, Zcash, and bitcoin, being the most popular.
Nowadays, businesses rely on cryptocurrencies for their financial transactions. The proof lies in the fact that when bitcoin was first introduced, its value was just $0.08 for a single coin. But now, it is valued at a whopping $11,187 per coin.
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The most significant advantage is that it works fully decentralized, and the one who owns the bitcoin has the final authority for their asset.
Given its popularity, businesses are trying to come up with new cryptocurrencies. Cryptocurrency MLM software is used for marketing crypto coins and secure money transfer.
All the payments — paid or received — are handled via bitcoin currency or any other cryptocurrency. The MLM businesses allow users to expand their networks, bringing in an unlimited number of referrals. This leads to the success of the company.
Also, Read: Network Marketing Guide: The Myths & Truths, The Past & The Future
Features of Cryptocurrency MLM Software
Here is a list of some of the prominent features of a cryptocurrency MLM software.
1. Admin Dashboard
A good cryptocurrency MLM software offers full control of the platform to its administrator. The administrator can control all its members and all the revenue generated by the MLM network users right from the dashboard.
2. Multiple Payment Integration
First of all, a cryptocurrency MLM software can support a vast range of coins on your wallet. An effective solution offers an integrated wallet for managing revenue and funds like working wallet, payment request wallet, and more.
3. Automated Marketing Process
Cryptocurrency MLM software is well-equipped with tools to automate various marketing processes like SMS notifications, social media sharing, and others to help reach customers at the right time.
4. Member Management
An MLM centralized platform makes it easy to keep track of all the members involved and provide a safe distributorship network.
5. Intuitive Interface
It’s crucial that the software offers a clean and intuitive interface so that the users don’t face a moment of frustration. It should be relatively easy-to-use and navigate for a better experience.
6. Full Customization
A useful cryptocurrency online MLM software enables full customizations to support businesses’ unique needs. It allows admins to tweak its interface, add or delete modules, enable integrations, and more.
7. Backup and Restore Management
The backup of important transactions of the cryptocurrency via MLM software is taken and can be restored whenever required.
Pros of Cryptocurrency MLM Software
There are certain advantages of using a blockchain cryptocurrency MLM business.
Supports Mass Payment
One of the most significant advantages is that it enables you to pay a huge number of customers through the cryptocurrency exchange platform.
Highly Secured
Generally, this bitcoin MLM business software is highly secured with the two-step authentication process and encryption techniques of cryptography. Thus, it removes the risk of any fraudulent activities over the transactions.
Low Processing Fee and High-Speed Transactions
Since no third party is involved, there is hardly any processing fee. Again, the speed of transactions is also instantaneous when compared to traditional bank payment methods.
Transparency
Bitcoin MLM business brings everything on a distributed ledger. This ledger is accessible to everyone on the network, thus promoting transparency.
How Can Cryptocurrency MLM Software Help You in Your Business?
Cryptocurrency MLM software has made it quite easy for businesses to promote their new cryptocurrency.
Cryptocurrency is digital money that is secured by blockchain technology. It is considered one of the safest and secure transactions. And thus, it’s not surprising that the popularity of cryptocurrency is growing.
Companies are now developing new cryptocurrencies, but at the same time, it needs a platform where it can be promoted. If users aren’t aware of your cryptocurrency as the payment option, all your hard work will go in vain and have no value.
Using a cryptocurrency MLM platform, you can successfully market your new digital currency. These MLM solutions provide marketing automation tools along with many add-on services, such as a graphical reporting system for an easy understanding of your business.
Cryptocurrency is used for various purposes, including investment, trading, and transactions. Cryptocurrency MLM software development offers the fastest and on-time secured services.
In fact, Bitcoin is one of the integrated currency applications used in developing the cryptocurrency MLM software. Cryptocurrency MLM software has notably reduced the complexity of money transaction issues or concerns in the MLM industry.
Besides, the data in blockchain technology is encrypted using advanced cryptography. Thus, it makes data less vulnerable to being hacked or changed. It can be a boon to companies that have a vast amount of data storage requirements.
Wrapping it Up
As we look at how new cryptocurrencies are coming out, it’s becoming highly essential to use crypto-based gateways in any payment involving business software like MLM solutions.
With the number of benefits it has to offer, including no transaction fees, easier international trade, confidential transactions, easy accessibility, etc., cryptocurrency MLM software is the most popular choice for your business.
It will ensure smooth and efficient running or your MLM business.
Originally published October 28, 2020 , Updated : October 28, 2020
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