Blockchain MLM Software on Matrix Plan: Understanding its Working and Benefits
Posted by MLM Smart Contract on January 11th, 2021
If you are thinking to build blockchain MLM software for your business, we are sure that you must have heard about the Matrix plan. Also known as the Ladder plan, the Matrix plan offers various advantages to stakeholders in the network marketing model.
The popular MLM incentive plan has a pyramid-like structure with a fixed width and depth. The incentive calculation formula at each level can be denoted by M*N where “M” represents the width or breadth or rows and “N” stands for the depth or columns. The most familiar Matrix plans are 2*2, 4*7, 3*7, 5*7, 2*12, 3*9, etc.
How does the Matrix model work?
This plan works in an extremely simple way and is very easy for anyone to comprehend. The blockchain MLM software built on the Matrix plan has a limited number of members at each level. Once the number of members reaches the upper limit at the first level, the matrix further spills and other members are added at the next level. These added members are motivated to invite more members under them. This way, the network keeps growing until it reaches the predefined limit. The motivation that stimulates each player at each level is the opportunity to earn immense profits each time the earnings are made by their downline members. The more the number of people added in the downline, the more are the benefits earned by the upper-level members.
For e.g. in a 2*12 Matrix plan, there are 2 members at each level and columns extend to 12 levels. The first level has 2 members, the second has 4, the third has 8, and so on. The 12th level has 4096 members, making a huge number of total members earning in the network. As long as the plan continues to work, members earn and make income for themselves as well as for members in their upper levels.
Advantages of the MLM Matrix Plan:
• More money earned in less time
The Matrix plan enables quicker earning and can be considered one of the best plans that companies can use to start earning from the very beginning. All the stakeholders in the community benefit from earning opportunities from the start of the business and continue to earn till the plan works.
• Easy to understand
If you expect Blockchain based MLM software to make your business simple as well as efficient at the same time, this plan is very suitable for you as it is very easy to understand. Old members can painlessly explain the plan to new members.
• Simple and secure
As the plan has limited members in breadth, the business can be handled easily. It also mitigates risks at each level as a limited number of members at each level eases the control and management for respective frontline users.
• Easily expandable
As members are fascinated by the fact that more members added under them would amplify their earning opportunities, they work harder to expand the network. If rewards, bonuses, appreciation, training, commissions, and all other motivation elements are distributed timely, nothing can halt MLM business to grow in full bloom.
Final Thoughts
The above-mentioned points and heads underneath them comprehensively explain the matrix plan. Businesses can resort to a reliable Blockchain MLM software development company to get their MLM platform for themselves.
Why choose the team at MLM Smart Contract?
At MLM Smart Contract, we provide smart contract MLM scripts like Forsage, Doubleway, DAOZedXe, and more, to help you launch your smart contract based MLM software in just 7 days. In addition, we build MLM smart contract based software from scratch using blockchains like Bitcoin, Ethereum, TRON, and more.
Expedite the deployment of smart contract MLM software with our solutions.
Schedule a free demo of our white label smart contract based blockchain MLM software or connect with our subject matter experts to share your business needs.
