How does multi-level marketing work for digital currencies like Bitcoin and Ethereum?

1 answers

• Feb 19, 2022 · 3 years ago
  Multi-level marketing (MLM) can be a popular strategy for promoting digital currencies like Bitcoin and Ethereum. MLM companies in the digital currency space typically offer their own cryptocurrency as the product to be sold. Participants earn commissions not only from their direct sales but also from the sales made by their downline. This creates a network effect where the more people you recruit and the more sales they make, the higher your potential earnings. However, it's important to approach MLM opportunities with caution and do thorough research. While some MLM companies in the digital currency space may offer legitimate opportunities, others may be pyramid schemes or scams. It's crucial to evaluate the company's track record, compensation plan, and the value and potential of the digital currency being promoted before getting involved.
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