Cryptocurrency vs Network marketing - A Case Study

One of the best advancement that Network Marketing has acquired in the recent times is their linkage with the Cryptocurrency. Recently Cryptocurrency integration has become a vital part of MLM software.

And I would like to say so. Why?

Before telling you guys the reason, first we need to get a better understanding of these totally different topics.

MLM (Multi Level Marketing) or Network Marketing

Multi Level Marketing or Network Marketing is entirely dependent on the network of distributors for growth. It's simply a form of direct selling where the independent agents make up a distribution network for goods and services.

A Multi Level Marketing company will basically have a product or service to sell.

You should pay a fee to be able to sell that product or in other words, to be a distributor of the respective company.

For the every product you sell, you get a certain amount of the product and also a certain level in the company.

It's the effectiveness level in the company that decides how much commission you will earn on so many levels deep.

Each company has different effectiveness levels and compensation plans.

To receive commissions you need to be active throughout the year. Also to earn commissions you need to recruit more people to the company that opts for a pack and are buying products each month, and you are also purchasing products each month.

We can check whether a company is a genuine one or not, by checking the registration details of the respective company in the country in which it is registered. They should be providing a registration number and the country in which its registered. With the registration number we could check the details of the company through online.

The first thing that a person checks before joining a MLM company is that,

how long has the company been around.

And if it's less than 2 years the majority will not touch it, as the first two years are the real testing period for most companies.

It tells us clearly whether they will sink or swims with ease.

A distributor gets the maximum advantage when he recruits the maximum no of persons below him.

Crypto Currencies

Now let's see what are cryptocurrencies? They are a completely different ball game when compared to traditional currencies. Of Course, they too have a set of their own similarities.

The first cryptocurrency (Bitcoin) inventor, Satoshi Nakamoto likes to describe it as a “peer to peer electronic cash system”. Or in other words, it could be also called as a decentralized digital cash system.

Now a question arises in the mind of common people! What does this term decentralized mean? It means that no one owns the cryptocurrency.

And everyone that has the coin owns their coins and is a supporter of that coin or community.

Also, there is no need to bring others in to earn or trade, you can decide how you would like to earn like trading stocks.

Why MLM and Cryptocurrencies Goes So Well Together?

The cryptocurrencies becomes more successful when it gets widely adopted everywhere.

And once it gets widely adopted its value also rises automatically.

Higher the people use it, the more value it will be placed in the society.

And how does MLM help Cryptocurrencies?

What I could understand is that a sound MLM company that operates on cryptocurrencies has the full potential to become a major player in contributing to the wide adoption of that particular cryptocurrency.

What makes joining a cryptocurrency MLM so attractive?

It is potentially the most leveraged way to increase your cryptocurrency portfolio!

For example, joining an MLM that pays out commissions in bitcoin is a great opportunity to increase your bitcoin portfolio.

A Brief Case Study

Lets see some of the cryptocurrencies that have begun following this path.

ImperialCoin

ImperialCoin [IPC] was founded in the year 2013.

One of the main advantage of this cryptocurrency is that they provide a safe and secure transaction alternative for such MLM companies that have difficulties or problems acquiring reliable and inexpensive payment system options.

Global Coin Reserve

Global Coin Reserve [GCR] was founded in the year 2014 and is a brand new cryptocurrency which is considered as the world’s first Bitcoin based home business opportunity.

Global Coin Reserve states that it is the first network marketing company allowing anyone to build a financial future through exclusive mining of Global Coin Reserve.

Based in Dallas TX with operations world wide and an initial goal of growing 1 million members, gradually increasing the value of the the exclusive currency as members mine GCR.

Some of the exclusive features and benefits offered to members by GCR include:

Premier one-click cloud mining service

Exclusive access to GCR currency

Matrix based structure with bonuses on referrals

Home business financial wealth builder tools

Memberships start at $29.95 and go as high as $999.95 per month.

Latium

Latium [LAT] is another marriage between network marketing and a cryptocurrency.

You will receive Latium for free just by joining and you can earn more through referrals.

Latium is the first cryptocurrency to use a non-technical deployment network, Latium can not be mined but minted and acquired by signing up and referring people.

It is totally free to sign up and they start you off with 5 Latium.

The features and benefits offered to members include:

No cost

Earnings on 100 referral levels

Easy sign up

Integrated payment system

Proof of Stake [PoS] wallets with ability to mint

Earn interest on minted coins

Instantly credited

Latium is currently being traded on multiple exchanges.

And for someone just starting out in both cryptocurrency and network marketing, Latium makes it very simple.

Conclusion

What I could infer is that cryptocurrency and network marketing will be a perfect match if combined perfectly!

A lot of Network Marketing companies need to follow the footsteps of Latium, GCR, ImperialCoin etc. so that the term cryptocurrency gets common with all the people out there.

And I hope the trend of more companies being added to the list will be clear sight in near future.

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Also Read some Tips to promote products through MLM business.