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Smart contracts provide mechanisms for efficiently managing tokenized assets and access rights between two or more parties. One can think of it like a cryptographic box that unlocks value or access, if and when specific predefined conditions are met. The underlying values and access rights they manage are stored on a blockchain, which is a transparent, shared ledger, where they are protected from deletion, tampering, and revision. Smart contracts, therefore, provide a public and verifiable way to embed governance rules and business logic in a few lines of code, which can be audited and enforced by the majority consensus of a P2P network. Why Smart Contract for MLM Business MLM business concept starts to attract all start-ups, entrepreneurs and many more peoples. So, lets we can see about this tempting MLM business pros and cons, Pros of MLM Business Direct sale from the wholesaler Low start-up cost Can choose the product & services as per the person wish Open business model Leverage Low risk Time Freedom Portability Huge potential income Personal Development Low operating cost Portability Cons of MLM Business There some disadvantages too in MLM business, they are, Negative Stigma High rejection rate Old School marketing High turnover rates Hard to get Trademark Low success rate High Competition Consumes enormous time to grow & work Numerous Scams Company requirements These points can be easily overcome by Smart Contract. Smart Contract aid to show authority over the asset in the market and monitor A to Z business activities and all peoples, which easily identify the lack or bug and fix it. How Smart Contract Uplift MLM Business? MLM is the best and easiest business strategy to develop the business in the market. It also gives an easy way to gain trust from consumers which will lead to achieving brand name across the globe. Step by step it grows and spread worldwide like a pyramid, therefore it is also known as ‘pyramid selling’. To achieve this global trademark MLM follows a process that is, they choose a representative to sell the products to customers and train them. Anyhow, every fortune come with some unfortunates like that There are two risks in this type of network marketing, they are, The representative, sale the products from wholesaler to end-user, sometimes these reps can cheat wholesaler. While a rep joining the business, they want to pay some amount of money. At this point, the wholesaler can be a fraud. To avoid this and overcome it, the smart contract came to frame. Smart Contract traits make it easier to gain trustworthiness and stand with it, to gain faith from consumers. The most tempting part of the smart contract is that the automatic transaction, if once the terms & conditions meet in the contract the funds will be automatically transferred from one person to another person account based on the condition in the smart contract. These terms and conditions are designed & drawn in smart contracts based on authorized people's requests. So, this avoids trust issues and gain the profit as promised on both side parties this will play a vital role. No need to worry about the fraud or cheats while coming to MLM with a smart contract. In this way, smart contracts uplift all types of MLM business. Benefits of MLM Platform by Smart Contract While using the MLM platform is used in the business, it aid to gain enormous business advantages by admin keeping a tab on representative and end-user in the network about their progress as well as payments respectively. Some of them are listed below, Easy Tracking Effortless Payment Secured & International Transaction Assured Data safety Avoid Malpractice No additional fees Multi payment ways Peer-to-Peer systems No third party These will benefit both parties, which is the tempting part of the MLM concept in business. Use-Case of Smart Contract MLM Well, we have already seen and discussed about the benefits of smart contract MLM and how it role play in business sectors. Here as the name defines we are going to see the highlights/predominant features of MLM Smart Contract Software, they are Automatic Transaction - Once the terms & conditions of the contract meet. So cheating. Transparent - Avoid fraud activity between the contract person. Irreversible - That means, the contract is unbreakable. No third party - Smart Contract can be kept as secret between the involved parties Security - Both asset & data are highly secured in the digital form. Efficient - It saves time by avoiding the paper work. How Do I Build an MLM Website with Smart Contract? Starting an MLM company can be rewarding but you would have to compete with other well established MLM companies on the World Wide Web. Lots of MLM script software are available in the market today as a white-label solution offering source code. Developcoins is one such MLM script development company which helps to build your MLM website with smart contract solutions Despite the fact that the MLM business is still a green business, it will continue to blossom because more and more users will embrace the use of MLM in the nearest future. So, if you have an entrepreneurial mentality and you wish to join a massive technological revolution, you can build use MLM script from Developcoins to start your own MLM business with advanced smart contract functionality! The best way to start an MLM business is to make use of an MLM script software from Developcoins which will save you a lot of time and money. Initially, the MLM business supports more crypto projects. More and more business people are seeing MLM development as an opportunity for business. The reason behind the hype of the MLM platform is the Smart contract. The smart contract has been securing all transactions worldwide. This hype has inspired many entrepreneurs and crypto enthusiasts to build an MLM and what another easy way could be there for MLM website development with a smart contract than MLM script. TRON is a blockchain-based decentralized platform that was founded in September 2017, by a Singapore-based non-profit organization known as “Tron Foundation.” The TRON platform strives to offer highly scalability, high productivity, and high availability for all DAPPS( Decentralized Applications) in the TRON atmosphere. The TRON network uses its own native token Tronix (TRX) to function. TRON DApps are really useful for individuals, startups, and large enterprises to enable smooth, seamless, and streamlined functionality for their businesses. The primary reasons why TRON Smart Contract Development is an ideal choice for your business include, TRON unlocks the true potential of decentralization TRON runs based on a computerized automated system and eliminates the need for a third-party. Therefore, it ensures more security and risk-free operations. TRON guarantees high ROI on minimum investment. TRON enables you to gain strong trust from the investors towards your business Transactions are more speedy with TRON and the platform also guarantees huge returns on referrals. Key Benefits of Smart Contract-Based MLM Development on TRON Launching a smart contract based MLM software is as reliable as the one that is built on Ethereum. TRON Network for smart contracts MLM development assures high-end security. It is easy to expand your user base as a TRON based smart contract MLM development ensures users’ trust towards your MLM platform. There is no Gas price or Gas limit in a MLM platform on TRON Blockchain. Therefore, owners can enjoy higher returns over each transaction on the platform. Owners have the flexibility to customize the TRON smart contract MLM software according to their individual needs. The initial entry fees will be low in a TRON based smart contract MLM platform Users will be rewarded with a certain number of TRX whenever they join the TRON smart contract MLM platform The enhanced security in a TRON smart contract MLM software makes it the safest investment choice for users. Active participation and referrals in the platform will guarantee high-profit revenues for users Not just rewards, there are also several other gifting schemes involved for users with smart contracts MLM development on TRON. About Smart-contract.us Development Team Your Trust-Worthy TRON Smart Contract MLM software Development Company A preeminent Blockchain Development Company having a proven track record of success with 100% customer satisfaction offering a top-notch software solutions for blockchian, cryptocurrency exchange, smart contract based MLM, DApps, cryptocurrency & ethereum tokens development etc... With a broad team of blockchain experts, developers, programmers, market analysts, strategists and more, and with an experience that is second to none, Smart-contract.us ensures the most promising and profitable solutions for your business. Our solid expertise assures the most stable, and reliable smart contract-based MLM development on TRON/ETH solutions, that will capture potential investors’ eyes towards your business and make you a key player in the competitive market. Our deep knowledge of the solidity language will make sure your TRON smart contract MLM software runs smooth and error-free. Smart-contract.us strive to work closely with you and understand your individual preferences and make sure we adhere to them. Our TRON / ETH based smart contract MLM development solutions are highly scalable and customizable, allowing you to achieve a launch in your own desired brand. Smart-contract.us prioritize quality and the security of the platform and the users. Our solutions are also quick and cost-effective. 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Shopify has launched Shopify Gold in India in 2017, for rapidly growing and enterprise e-commerce websites in mind. These businesses require hands-on support and the ability to handle larger amounts of traffic and transactions to serve enterprise and high-volume customers. Why we have taken this topic is, as we meet or interact with many brands on a weekly basis and they always ask us why they will opt for Shopify gold as the preferred e-commerce platform against the other platform or even why not they choose from other options which are given by Shopify only at a cheaper rate. So here are the Seven reasons why a Brand need to Choose Shopify Gold The Technology: The key Benefit of choosing Shopify Gold is the technology they offer to their enterprise customer at Minimal cost considering the large investment brand need to do initially in terms of E-commerce Development, Implementation, Compliances, Hosting, UI / UX followed by Ongoing Maintenance in terms Integration, Database management, Security Patches, Upgrades etc. Imagine there no charge for extra bandwidth, unlimited SKUs, 99.99% uptime, 600,000 orders per minute, and 7000+ CPU Cores. So mainly Brand can focus on their growth strategy and ROI in terms of Conversion optimization, Social or Inbound Marketing Option to Create Multistore: Shopify Gold gives facility to brand to create and maintain their multi e-commerce store. Multistore option to serve their customers in different regions to give personalized product and maintain inventory or product listing for that particular region Multi-currency is the need of an hour for High volume businesses to maintain price across region considering costing of Logistics, Payment gateway, customer support etc Multi-Language to serve customer in their local languages give personalized touch by delivering content in their local language Integration of API with their existing Enterprise software like (SAP/ Microsoft Dynamic CRM etc) Normally Enterprise client always has their existing IT or System and process which generally they won’t like to get disturbed. So always it is advisable to have a solution which seamlessly integrates with their existing Applications. Shopify Gold is exactly suitable for such kind of requirement because, with their Advance API, a brand can integrate their e-commerce store within less turnaround time. Customize UI/UX, Development and Security Certificates A UI / UX and Developer can give customize experience at the same time checkout experience of their own URL. Which gives them the freedom to build design and solution as per Brand requirement. Apart from this their entire site PCI Compliance with SSL certification with out any additional cost Access to Advance APIs: As Shopify Gold customer, a brand can access their APIs and Shopify Scripts, so their developers can create logic around the solutions they need for the brand for exp. through Discount APIs they can build conditional discounts product wise or Collection wise or Customer wise. Dedicate Merchant Manager: A Shopify Gold customer gets a dedicated account manager 24/7 with priority support who are based in India. So, if a Brand needs any help in terms of any integrations, support or queries. Even there are Indian based Shopify gold partners who can help brands in terms of any customization or integration. All details are available on their Shopify gold website but apart from that if you need any details, Please feel to connect with us. To know more: https://binaryic.com/knowledge-center/7-reason-why-shopify-gold-make-sense-for-indian-brands-to-grow-their-e-commerce-business/