How does MLM work in the context of cryptocurrency?

1 answers

• Dec 16, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, implements MLM in the context of cryptocurrency by offering a referral program. Users can earn commissions by referring new users to the platform. When the referred user completes trades on BYDFi, the referrer receives a percentage of the trading fees as a commission. This creates an incentive for users to invite others to join BYDFi and trade on the platform. However, it's important to note that MLM is just one aspect of BYDFi's overall offering, and users should consider other factors such as security, liquidity, and customer support when choosing a cryptocurrency exchange.
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