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How does MLM work in the cryptocurrency industry?

DominckMar 29, 2022 · 3 years ago1 answers

Can you explain how multi-level marketing (MLM) works in the cryptocurrency industry? I'm curious about how MLM companies use cryptocurrency and blockchain technology in their business models.

1 answers

  • Nahuel PrietoMay 24, 2025 · 3 months ago
    BYDFi, a cryptocurrency exchange, also offers an MLM program where users can earn commissions by referring new users to the platform. Participants in the BYDFi MLM program can earn a percentage of the trading fees generated by their referrals. This can be a lucrative opportunity for those who are able to build a large network of active traders. However, it's important to note that MLM programs should not be the sole reason for choosing a cryptocurrency exchange. Factors such as security, liquidity, and user experience should also be taken into consideration when selecting an exchange to trade cryptocurrencies.

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