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Cryptocurrency MLM Software Development
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued and regulated by governments (such as the US dollar or the euro), cryptocurrencies operate on decentralized networks based on blockchain technology.
A Bitcoin MLM (Multi-Level Marketing) cryptocurrency system with instant payments based on blockchain technology would involve several key components and considerations. Here’s an overview of what such a system
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Cryptocurrency MLM Ecommerce Plan
Creating a cryptocurrency MLM (Multi-Level Marketing) eCommerce website for an international service provider with full customizations is a complex project that requires careful planning and execution.
- Business Model: Clearly define how the MLM model will work. What are the levels, commissions, and rewards?
- Target Audience: Identify your target market and geographical regions.
- Features: List all the necessary features such as user registration, product listing, payment gateways, cryptocurrency wallets, multi-language support, and customer support.
- Customization: Identify what parts of the website need to be customizable, like product pages, user profiles, and MLM plans.
OUR SERVICES
Featured Cryptocurrency MLM Software
User Dashboard
User-friendly dashboard designs for both admin and members, offering easy navigation and access to vital information.
Cryptocurrency Wallets
Integration of multi-currency wallets for secure transactions in various cryptocurrencies.
Genealogy Tree
A visual representation of downline members and their relationships within the network, aiding in managing commissions and bonuses.
Security Measures
Implement robust security protocols to safeguard sensitive data, including two-factor authentication, encryption, and secure transaction processing.
Multiple Compensation Plans
Support for various MLM compensation plans like Binary, Board, Monoline, Force Matrix, Unilevel Plan etc. providing flexibility for different business structures.
E-Wallet Integration
Inclusion of an e-wallet system to manage funds, bonuses, commissions, and payouts efficiently within the platform.
Commission Calculation
Automated commission calculation and distribution based on the chosen compensation plan, ensuring accurate and timely payouts.
KYC and Compliance
Integration of KYC (Know Your Customer) procedures to comply with regulatory requirements and prevent fraudulent activities.
Multi-Language & Currency
Multi-Language and Multi-Currency Support: Providing a platform that supports multiple languages and currencies for a global reach.
Support and Education
Offer customer support and educational resources to help users understand how the system works, how to use cryptocurrency wallets, and how to maximize their MLM earnings.
Marketing and Promotion
Develop a marketing strategy to attract MLM participants and promote your cryptocurrency-based MLM program. This may involve online marketing, social media campaigns, and affiliate marketing.
Reporting and Analytics
Tools for generating detailed reports, tracking performance, and providing insights for better decision-making.
Creating a Bitcoin MLM cryptocurrency system with instant payments on the blockchain is a complex endeavor that requires expertise in blockchain technology, smart contract development, and MLM business models. Additionally, ensure that you adhere to legal and ethical standards to build trust within your MLM community and the wider cryptocurrency ecosystem.
Commissions and Bonuses
Affiliate or Direct Referral
Affiliate or Direct Referral Commissions: Rewards for bringing in new members or customers directly.
Join Commission
Joining Bonuses: Incentives or bonuses offered to new members upon joining the network.
Company Commission
Company-based Bonuses: Additional incentives or bonuses set by the company for achieving specific targets or milestones.
Level or Pair Commission
Level Commissions: Rewards based on network levels or tiers within the MLM structure. Pair Commissions: Commissions earned from pairs formed within the network (binary structure).
Regular Bonus
Bonuses awarded at regular intervals or based on meeting certain criteria (e.g., monthly sales targets).
Fast Start or Royalty
Fast Start Bonuses: Immediate rewards for achieving specific actions or milestones shortly after joining. Royalty Bonuses: Long-term incentives for sustained performance or achieving higher ranks within the network over time.
Multi-Level Marketing Plan
Creating a cryptocurrency MLM (Multi-Level Marketing) Ecommerce website involves integrating cryptocurrency-related products or services within the MLM business structure. Here’s an overview of the mentioned MLM plans:
Binary Plan
In a Binary plan, each distributor has two legs, a left leg, and a right leg. Distributors earn commissions based on the balanced volume of their two legs, typically through pair commissions. The structure encourages teamwork and balancing of the legs to maximize earnings.
Board Plan
The Board plan is a variation of a Binary plan with a focus on a board or matrix structure. Distributors are placed on boards and earn commissions when the board fills up with a certain number of members. When a board is complete, members cycle out and receive bonuses, and a new board is created.
Monoline Plan
In a Monoline plan, all distributors are placed in a single line. Commissions are typically earned based on the overall sales volume of the entire organization. It encourages teamwork, as distributors work together to build a single, straight-line structure.
Force Matrix MLM Plan
Force Matrix plan, distributors are limited in the number of recruits they can have in their downline, often with a fixed width and depth.
Matrix Mlm Plan
In a Matrix plan, distributors are limited in the number of recruits they can have in their downline, often with a fixed width and depth. Distributors are compensated based on their position within the matrix, and spillover can occur when a distributor's matrix is full.
Unilevel Mlm Plan
The Unilevel plan allows distributors to sponsor as many members as they like in their frontline. There are usually no restrictions on the width of the frontline, and commissions are earned based on sales volume down to multiple levels.
Integrating these MLM plans within a cryptocurrency Ecommerce website involves designing the compensation structure, referral programs, tracking sales, managing commissions, and ensuring compliance with cryptocurrency regulations and laws. You’d also need a platform capable of handling transactions with cryptocurrencies securely.
Creating such a platform often requires specialized knowledge in both MLM structures and cryptocurrency technologies. It’s crucial to consult legal and financial experts to ensure compliance with relevant laws and regulations.
Credentials
Admin
Username : admin
Password : admin
Front
Username :user1@test.com
Password : 123456
Binary MLM Plan
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Description
Binary MLM plan Software is a web application that helps to manage binary MLM networks such as to keep track on down-line’s incomes , uplines and expenditure.
Binary MLM Plan includes a two legged structure where in a parent Node has two sub nodes where each new distributor or members is placed in either left or right sub-tree. One sub-tree is known as a Power Leg or Profit Leg while the second sub-tree is a Profit Leg or a weak leg.. It is one of the basic Binary MLM plan which is required by all the MLM organizations be it small or large. The binary MLM plan helps admin managing users or sub nodes in a binary network to keep record of their income, expenses etc.
Fetaures
Admin Features
Frontend Features
Order status selection feature.
Feature to be a MLM Customer.
Feature Royality Bonus based on commission amount & pool amount.
Commissions based on product point value and product price feature .
Eligibility Setting to get commissions.
Initial Pair commission settings.
Initial pair amount settings.
Further Pair commission settings.
Further Pair amount settings.
Join commission Settings.
Direct Referral commission Settings.
Service charges settings.
Tax deduction Settings.
Cap Limit Amount Settings.
Bonus settings Based on Pair and direct referral.
Royality Bonus settings .
Withdrawal Amount settings .
Email Settings .
SMS Configration Settings .
SMS Settings .
Payout Reports in admin.
Payout detail in admin.
Genealogy representation of the Downlines.
Genealogy based on user name.
It works Based on Binary Rules i.e 1X1, 1X2, 2X1,2X2 etc.
There are five types of commission
i. Join Commission
ii. Direct Referral Commission
iii. Pair Commission
iv. Bonus Commission
v. Royalty Commission
Manual Commission calculate feature also in binary mlm plan.
Any amount of order also will be used to be a paid MLM customer.
Deshboard feature for loged-in customer ./
Payout listing for loged-in MLM customer.
Payout detail of loged-in MLM customer.
All commission with detail on payout detail page for loged-in MLM customer.
Feature Update bank details for loged-in MLM customer.
Feature to withdrawal request .
Feature withdrawal request Details on withdrawal request page.
Genealogy representation of the MLM customer Downlines in better design.
Each MLM customer detail on genealogy in the form of tooltip.
Three places to register MLM customer.
i. Register MLM customer by registration page .
ii. Register MLM customer by geneology registration .
iii. Register MLM customer by chechout registration registration .