There’s no other way to build a massive customer base than an MLM network. The sheer power of referring ‘two’ more participants underneath will proliferate the company’s growth, leading to enhanced satisfaction of the platform as well as referrers. Money-making and uncertainties go hand-in-hand. Even in MLM businesses, a significant number of people hesitate to join the network as some MLM platforms do not guarantee commissions or lack the ‘trust’ factor. Ultra-modern technologies are creeping into businesses at a rapid rate, and the MLM sector is no exception.
Can an entrepreneur leverage technology to its fullest potential to make MLM businesses more reliable? Fortunately, with the emergence of Smart Contracts and Blockchain, a businessperson needn’t hesitate to invest in the ever-present sector. As an icing to the cake, a number of successful MLM platforms like Forsage.io, Etrix.io, Million Money, etc., have leveraged this idea to scale their business.
Are you an entrepreneur looking for an app development company to initiate your MLM app development? Look no further as the market leader Brillmindz can help you end-to-end with an avant-garde Forsage MLM Clone app development. This blog discusses the attributes and benefits of launching a Forsage MLM clone.
Forsage.io – The Pioneer
Forsage is the first-ever 100% decentralized earning platform that runs efficiently on Smart Contracts, backed by an Ethereum Blockchain.
The introduction of Smart Contracts and Blockchain makes the platform perfectly immutable and eliminates the role of intermediaries. One of the notable aspects of Forsage is that it facilitates Peer-to-Peer (P2P) commission payments between its program participants.
The self-executing Smart Contracts makes the system entirely transparent and enables the effortless traceability of assets.
Built to work diligently on the pyramid scheme, Forsage enables participants to maximize their profits after paying the entry fee (roughly around 0.05 – 0.065 ETH).
Forsage MLM Clone – The Remunerative Business Vertical
The MLM market has been evolving with the people’s trends, and the market forecasts a massive revenue of $650 billion by the end of 2025. A vast majority of this market is unexplored, and new players with the right approach can open the floodgates for unrestricted revenue.
So, what makes a Forsage MLM clone reliable and successful? Let’s look at their world-class attributes here,
- Entirely decentralized – The entirely decentralized approach eliminates the role of middle-men.
- Risk-free environment – The platform is perfectly immutable, paving the way for a risk-free ecosystem. This stability leads to the sustainability of MLM platforms.
- 100% Transparency – The platform is entirely transparent due to the role of Smart Contracts as every transaction is registered on a globally distributed ledger.
- Lightning-fast P2P transactions – By eliminating human intervention, the platform facilitates instant P2P transfers among participants, leading to enhanced satisfaction.
- Military-grade security – The sole purpose of businesses exploring Blockchain technology is due to its high-level security. The platform paves the way for robust security elements, eliminating threats and vulnerabilities if any.
The Seamless workflow – An Overview
Rolling out an MLM/networking platform is no easy feat, and one has to work on the platform’s workflow, matrix schemes, etc., to captivate the audience. Before exploring more about the workflow, let’s look at the two crypto-wallets that remain the core of Forsage MLM wallet systems.
- TrustWallet – Smartphone penetration has led to the drastic popularity of TrustWallet. Smartphone and Tablet users can make use of this wallet as it is easy-to-use.
- MetaMask – Conventional PC users can leverage MetaMask for their crypto-wallet. The wallet facilitates hassle-free Ethereum crypto transactions.
Our Forsage clone script comes with an enticing workflow, propelling participants to maximize their profits with a single fee of 0.05 ETH.
- Initially, participants join the platform by giving up the one-time payment of 0.05 ETH.
- Subsequently, the participants have the choice of choosing their crypto-wallets. They can either opt for a TrustWallet or MetaMask based on their preferences and usage.
- Once the payment and wallet option is confirmed, an automatic entry is created into slot one of the 3×1 and 2×2 matrices.
- Participants begin to refer more users to the platform. After successful referrals, they receive instant commissions directly in their ETH wallet.
- As the referral count increases, participants can buy more slots, leading to better commissions.
The Ultra-modern Compensation Plan
A profitable compensation plan can be the perfect boost to grow an MLM network. Let’s look at the compensation plans of our Forsage MLM clone app here,
- After the initial payment of 0.05 ETH, there’s an automatic entry into slot one on the 3×1 matrix & 2×2 matrix (0.025 ETH for each).
- A 3×1 matrix requires a user to fill three positions. Contrastingly, the 2×2 matrix requires 2 referrals in the first stage and 4 referrals in the second stage.
- After 3 successful referrals, the 3×1 matrix generates 0.05 ETH in gifting payments, and a new 3×1 matrix is initiated.
- However, a 2×2 matrix generates 0.075 ETH and compensates with a new 2×2 matrix plan.
The All-important Security Aspects
It is pointless to build an MLM empire without robust security aspects. Securing and encrypting the entire system is crucial. Some of the security elements that make our Forsage like Smart Contract MLM business hack-proof include,
- Anti-phishing software: The most-popular security measure that keeps phishing activities like fraudulent emails at bay.
- DDoS Mitigation: The technique to resist Distributed Denial of Service (DDoS) attacks, making the system hack-proof.
- Multi-sig Crypto-wallet integration: The introduction of at least two keys to authorize a transaction makes the system robust in every aspect.
- Cross-site Request Forgery (CSRF) protection: Eliminate malicious exploitation of data by validating the CSRF protection protocol.
Conclusion
MLM businesses are gaining the spotlight as they are a major money-spinning vertical among the audience. The introduction of Ethereum blockchain-based Smart Contracts has inculcated the popularity and reliability of platforms like Forsage.io. With digitization taking over businesses at a rapid rate, it is only a matter of time until the MLM sector experiences a paradigm shift.
Capitalize on this demanding situation by reaching out to Brillmindz, a pioneer when it comes to MLM clone app development. Tell us your needs and visions, and we’ll help you grow your network in the shortest possible time!
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