With the infusion of the Smart Contract in the MLM, there would be several advantages. The following are the most prominent ones.
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Decentralization
The first and the significant advantage is decentralization, in which the transaction occurs without the intervention of anyone. And so, it would be faster.
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Transparency & Traceable
Each and every activity occurring in the MLM business can be seamlessly trackable. Despite this, it facilitates the users to get information from the software.
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Constancy
The protocols or terms of conditions that have been put in place for this software cannot be altered. This is in order to bring credibility.
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Multiple Plans with Considerable revenue
Permitting the users to make a decision of selecting the MLM plans of their choice. In addition to this, they could have revenue-generation swiftly.
Basic Features Of A Smart Contract MLM Software
It is known that the infusion of the features will determine how the software will function. Let’s now have a look at some significant features.
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Reliable & Fast Transactions
This will grant the users to make transactions more swiftly in a reliable way. This is mainly because of the no involvement of intermediaries. The reason behind this is that the software is Peer-To-Peer.
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Automated & Hack-proof system
It is solely automated, easing the process that will be more efficient. In addition to this, the Smart contract based MLM software software provides a high-level system so that there will be no theft and hacks in order to make the business hack-proof.
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Multi-lingual support
The software supports multiple languages as the users would change the language as per their wish. It is quite a beneficial feature when the Smart Contract based MLM software is deployed globally.
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Crypto wallet
The integration of a wallet system will ensure seamless transactions swiftly. The crypto wallet will save the cryptocurrency, which will then be used for transactions.
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Multiple Currency Support
The software supports fiat and cryptocurrency transactions. Therefore, the users will be able to use the currency they want to prefer.
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End-To-End Protection
As the software is based on marketing and transactions, it should be safe enough for the users to proceed with the transaction. So, there should be an assurance that these activities will be carried out with tamper protection.
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Smart Audit
It is an essential feature to be available in the software so as to ensure functionality. The generation of audit reports regularly will give assurance to the same.
