TRON smart contract MLM software - It is a MLM software that can be integrated to a smart contract based MLM dapp whereas the entire software operations will be controlled by the TRON Smart Contract. The entire network will be operated by the inbuilt software. Data's received from the software will be passed in to TRON Smart Contract, and those data can't be modified. This entire MLM system is fully decentralized and eliminates the involvement of Third - Parties.
Smart Contract-Based MLM’s are Decentralized MLM Networks that are governed or managed by any blockchain smart contract, but mostly the Ethereum blockchain. Since Ethereum is open source it gives open access for developers to leverage its smart contract technology and customize it for developing custom dApps. The entire MLM process will be tied up with the one single knot, i.e A smart contract. The inbuilt Ethereum smart contracts inside an MLM network will carry out all the processes of an MLM Platform form user registration, rewards, matrix table execution to the payment process.
As in recent days starting an MLM business is highly appreciated among the business people, because launching an MLM business with Smart Contract can create trust among users as the created MLM platform will be completely decentralized and difficult to hack or change the data. As the network eliminates the presence of the middle man all the transactions will be executed automatically through the protocols written in the decentralized smart contract. Once the smart contract is deployed it cannot be altered manually.
Here let us look at the major benefits of launching your own MLM business with TRON based smart contract over Ethereum based smart contract.
Even though the TRON was introduced many years after Ethereum, they both have the same goals and do the same functions as well. Since in recent days, Tron is creating competition for the Ethereum network.
The usage of TRX, the stable coin of TRON Blockchain by crypto traders has increased in recent days when compared to the ETH users. This shows that people prefer to invest in TRX more than ETH.
Recent transaction data shows that total ETH transactions over 24 hours are 626,000 when that of TRX is 816,000 which is also above the BTC transaction. This data clearly shows that crypto users prefer TRX tokens over other cryptos.
Many Dapps and DeFi are built on the Ethereum and Tron network more than any other blockchain. To beat the numbers of dapps on Ethereum, there are more dapps developed on Tron, as Tron is also becoming a popular blockchain that leverages dapps and DeFi solutions.
The main advantage of TRON over Ethereum is that the transaction fees in Ethereum are calculated by multiplying Gas and Gas Price, but in the TRON the transaction fees are calculated using Bandwidth and energy which is lower than Ethereum’s Transaction Price.
As we all know the famous token standards of Ethereum are the ERC 20 standard, which is being pulled back by the TRON token standard TRX 20, through which many tokens are built in recent days.
Another major benefit of choosing the TRON network for smart contract MLM development is that the transaction speed of TRON, ie., 25,000 TPS which is many times greater than Bitcoin and Ethereum network transactions.
The transaction fee of TRX is nearly Zero, which makes crypto users prefer TRX over ETH, BTC, and more.
It is recorded that approximately $180 M is spent by users on TRON based Dapps which is more than the amount spent on EOS or Ethereum based Dapps. And also a 207% increase is recorded in the use of TRON Dapps.
This clearly shows that TRON, TRX, and TRON based dapps are becoming popular and used more often by people than Ethereum, ETH or ETH based dapps.
As the network TRON and TRX have greater benefits, building your MLM smart contract on TRON blockchain will result in making your MLM Platform highly trusted and used by people all over the globe.
Contact Bitdeal’s expert now to develop your own smart contract MLM on TRON with customizable features & plugins and also more salient features that attract more users.
Article Content Originally Published at: Boost Your ROI By Launching Smart Contract MLM On TRON Network