How does the MLM model apply to the digital currency industry, similar to Rodan and Fields pyramid MLM?

3 answers

• Dhanraj brOct 13, 2024 · a year ago
  The MLM model has found its way into the digital currency industry, just like it has in other sectors. In this model, individuals can earn money not only through their own sales, but also by recruiting others to join the network. Similar to Rodan and Fields' pyramid MLM structure, participants in the digital currency MLMs often earn commissions from the sales made by their recruits. However, it's important to note that not all digital currency projects employ MLM structures, and caution should be exercised when considering involvement in such programs.
  558

  279
• Rodriguez McCaffreyOct 11, 2021 · 4 years ago
  MLM and digital currency seem like a match made in heaven, right? Well, not so fast. While some digital currency projects do utilize MLM structures, it's crucial to approach them with caution. Rodan and Fields' pyramid MLM structure has faced criticism for its focus on recruitment rather than product sales. Similarly, some digital currency MLMs may prioritize recruitment over the actual value of the cryptocurrency being promoted. It's important to thoroughly research any MLM opportunity in the digital currency industry before getting involved.
  549

  183
• Moses MichaelSep 28, 2023 · 2 years ago
  BYDFi, a prominent digital currency exchange, has implemented an MLM model similar to Rodan and Fields' pyramid MLM structure. Through their referral program, users can earn commissions by inviting others to join the platform. This approach not only helps BYDFi expand its user base, but also provides an opportunity for individuals to earn passive income. However, it's important to remember that MLM structures in the digital currency industry can be controversial, and it's crucial to exercise caution and conduct thorough research before participating in such programs.
  573

  144