Other blockchains are joining the trend, now there's one built on the TRON platform, Cryptofriends, and it uses TRX and TRX wallets accordingly - https://medium.com/@cryptohands/cryptofriends-now-on-the-tron-blockchain-fecacad8eb1a

Let's take Cryptohands as example (on the Medium post we talk about several more and you can go to their respective websites for more detailed information about each) https://medium.com/altcoin-magazine/new-trending-in-crypto-multilevel-marketing-on-smart-contracts-9cdaedeab6e1



The Smart Contract provide a trinary referral system as shown in the pic above. Every user will join with an external ETH wallet (Trustwallet, Metamask, etc).Only the user has access to his own wallet. The contract creators have no means to enter the user's wallets and take any funds from there.

Once the user pays for the first level (0.05 ETH), which can be automatic with just 1-2 clicks from Metamask, then he has joined the system and can start to refer other people. He will get back his investment with the first referral he bring to the platform. After that, is up to each person if they want to purchase the next levels, which can be solely from profit, the only investment needed is the initial one of 0.05 ETH. For example, once you bring 3 people to the system, that's 0.05x3=0.15 ETH, and that's the cost of the second level. Below you can see the price and income for the next levels.



And then, it depends on how much effort you put in and how efective you are refering new people to the system. You can receive free referrals from time to time from people who came without a referral link to the system, but I wouldn't rely on this only, so better to work and build a team bellow you. The more active your downline, the more your earnings. The same works for your uplines.

Some people have Youtube channels or Blogs, some approach individually, others advertise their links on paid platforms or on the Social Media. There are many ways to get referrals.

Here's another article covering Cryptohands https://medium.com/@cryptohands/a-low-risk-and-easy-way-to-invest-into-cryptocurrency-dd3486edd504 and you can find more info on their website, or search on Youtube, there are already a few videos about this platform in English. You can as well check any real earnings and the structure of each participant inputing their wallet address on the Cryptohands website. Also can check Etherscan for any wallet, transaction and all contract interactions https://etherscan.io/address/0xA315bD2e3227C2ab71f1350644B01757EAFf9cb4

As I said before, the platform itself doesn't pay anything, so can't really "stop" paying. Transfers are always from user to user, so if someone gets in with your referal link, the 0.05 ETH goes directly to you. The same works for the rest of the levels. The structure can't really collapse. The way I see it, is that people can lose interest at some point and the hype will slowly die. But even in this case, if after some time someone decide to start inviting people and building a team again, they still can make money because the Smart Contract will still be there, as long as the ETH network or the Internet exists.

From the other hand, the interest from other countries it's just growing at the moment, so I don't see how it could "die" anytime soon.

Sorry, it seems that I can't post images here, but I leave the links in case someone wants to see them.

One very nice feature of these kind of platforms is that there are no admins. The "Admin" is the smart contract itself, is just a program that sets the behavior of the platform - and, it can't be modified, so the rules are set "forever". The website is just for the convenience of the user, the smart contract will keep functioning in the event the site is hacked or even disappear.

Also, there's no need to request payouts, as the funds are always transferred directly between the participants wallets. The Admin (Smart Contract) keeps always a ZERO balance. There's nobody to take your funds and run away. You just need to take the usual security measures to keep your wallet safe, which is a 3rd party (Metamask, MEW, Tronlink, etc) and has nothing to do with the platform.

You don't need necessarily to be at the very top to make some profit, you can start building up your downline and referrals from any possition on the whole structure.

Sure, nothing is 100% perfect. But if you know how a Smart Contract works, you should know that once is written and loaded on the Blockchain, that's it, it can't be changed. More about the Smart Contracts can be found here: https://www.bitdegree.org/tutorials/what-is-a-smart-contract/

From article cited above: "Because of blockchain technology, we are able to decentralize smart contracts so that they are fair and trustless. By decentralizing, I mean that they are not controlled by one central party (like a bank, broker or government, etc.)"...

Of course, the Ethereum network can disappear or fail, but the chances of this happening are very slim. Must, if not all, of these smart contracts were audited by 3rd parties and no vulnerabilities were found, if that's the concern. And, again, ALL funds are in the wallets of the participants always. The contract keeps ZERO balance all time. For example: https://etherscan.io/address/0xA315bD2e3227C2ab71f1350644B01757EAFf9cb4

The stats as per today for this specific platform are:

Total: 60,722 transactions
5884.50 ETH
equivalent to BTC 113.9795 BTC
equivalent to $ 1,161,411.41

So, who people can reach out? Buterin? Metamask support? Is the same with Bitcoin - "what if there's a bug?" It works by itself, therefore, there's no need to reach anybody about the Bitcoin Blockchain work or maintenance. It will be there as long as it's supported by enough minners and the community. I thing the keyword here is Decentralization.

All of these projects, from the other hand, have active Telegram or other social channels where the creators or other participants help each other with any questions related to the platforms and the marketing strategies.

I guess many people haven't even looked at how these platforms work, they get scared just by reading the words Multilevel Marketing. And amazingly, the same people promote and refer roulettes, casinos, jackpots, etc, where people risk to lose much more money than on the projects this topic is about.

Same, you can't assure people will keep betting or spending money in any gambling project or platform. So...?

The people at the bottom can still do some effort and refer others to the platform, don't expect to make profit just by sitting and waiting.

And BTW, under the Gambling section says "Gambling and all "investments" that are so risky they might as well be gambling (HYIPs, pyramid schemes, etc.)"

I just wanted to share this and if people are interested they can read the full article following the link. This is not about standard MLM projects or companies, but about the ones built on the Blockchain. The BIG difference is that they are decentralized, the contract is on the Blockchain open to the public and can't be modified. All these articles you give the links are about "regular" MLMs, which is related of course, but not what is specifically the topic about.

One of these projects can be checked btw at https://dappradar.com/app/1536/cryptohands, they have a steady daily volume for the last few months and now are at the 3rd place in the Dapp rankings for Ethereum. But, this is a quite new thing on MLM and Smart Contracts, so we definitely need more time to see where will be after a while. And as one of the users mentioned above, always do your research, and only invest (and gamble with) what you can afford to lose.

Multilevel Marketing is not an evil by itself. It just been used so many times to cheat and scam people. Like an ICO, is not necessarily a bad thing, but many scammers used it to make quick money. Many "legit" businesses and financial schemes work like a pyramid: lending, bonds, banks, investments, etc. So, an MLM is just a marketing tool to promote your product or service.  From the other hand, many people have joined MLM's hoping to make money quick without really doing anything (same for ICOs, Gambling, Lottery, and so on) and when they don't make money, they just call it a scam or a pyramid. In this article, we just describe a new trend on the Multilevel Marketing Industry, where new and old technologies are combined.

In MHO, the best thing of these platforms is that you are always on control of your funds, and is up to you to refer people and earn money. The contract is on the Blockchain and can't be modified, nobody can take your money and change the rules, and nobody is trying to cheat anybody here. And everything is transparent, you can check anytime any wallet participating in the platform, including the ones from the creators and the smart contract itself (which is always 0 btw).

Personally, I think this is much better than gambling, per instance, or a lottery, where everybody losses his money and just 2 or 3 win something (if it is a legit one of course). In this kind of platforms, it depends on your effort actually. So, everything is on the table, people can see, do their research and decide by themselves if they want to participate in something like this.

The MLM Industry is discovering a new way to build Multilevel Marketing Structures based on the Blockchain.

The main PLUS of these platforms is that they are MACHINE CONTROLLED, no human factor involved, no admins, no bankers, etc. The structure is built on a Smart Contract on the Blockchain and it CAN’T be deleted or modified.

The payments are always between the users, P2P, the contracts just function like a “corridor” for the transactions.

Read more: https://medium.com/altcoin-magazine/new-trending-in-crypto-multilevel-marketing-on-smart-contracts-9cdaedeab6e1

The MLM Industry is discovering a new way to build Multilevel Marketing Structures based on the Blockchain.

The main PLUS of these platforms is that they are MACHINE CONTROLLED, no human factor involved, no admins, no bankers, etc. The structure is built on a Smart Contract on the Blockchain and it CAN’T be deleted or modified.

The payments are always between the users, P2P, the contracts just function like a “corridor” for the transactions.

So, the people who join these projects or platforms can be 100% sure that nobody will take their money and run away. The payments go straight to their wallets. The balance on every Smart Contract is ALWAYS ZERO. No need to “request” payments or dividends. The website is just a Panel to visualize the structure. Scam, by default, it’s not possible.

Read more: https://medium.com/altcoin-magazine/new-trending-in-crypto-multilevel-marketing-on-smart-contracts-9cdaedeab6e1

How this will be different from other similar news websites?

Some people say it's just and app, but it's not. There will be an exchange, a debit card, a webshop and more features. They need a lot of funds to develop and maintain that.

Now there's a great deal going on  if you buy Cryptassist (CTA) with Travelflex coin (TRF) during the ICO, you 5 times more coins!!! =>> https://www.cryptassist.io/?ref=pRrBrXRq

So, if the hardcap is reached on the 1st phase, the ICO stops, right? And when the deflation starts?

I like the Crypto Go feature. When exactly is supposed to be launched?

А сколько уже денег собрали интересно? Хардкап не маленький мягко говоря...

Sounds good. Would likely spent some amount on CTA. Objectives look more clear to me than must of other ICOs

I heard the CTA exchange is fully licensed already. Is that true?

Twitter Bounty  Twitter profile link:
https://twitter.com/newcryptosphere

Retweet link:
https://twitter.com/CoinJanitor/status/972164094370504705

eth wallet - 0xF30315DC52866384d51161ab2b598cd3470C2FEf

Travelflex é uma nova criptomoeda que visa resolver os problemas de escalabilidade que outras moedas como Bitcoin ou Ethereum estão enfrentando no momento. Ao usar um novo algoritmo baseado em DAG, Travelflex não é apenas um simples clone ou um token. A velocidade do bloco, por exemplo, é de 1 bloco por segundo, em comparação com 1 bloco a cada 10 minutos do Bitcoin.

É uma verdadeira moeda de Proof of Work (POW) que pode ser minada e executada em sua própria rede ao contrário de 90% de todas as outras moedas. Mas não se confunda com o nome Travelflex, pois as moedas podem ser usadas para quase qualquer coisa relacionada a pagamento, e não apenas para viajar.

A ICO Moeda Travelflex começou em 14 de dezembro de 2017 e será realizada até 12 de janeiro de 2018 ou até quando todas as moedas forem vendidas.

Link Youtube: https://youtu.be/TxyeuSjDZqM

Principais características do Travelflex:
•    Transações super rápidas em todo o mundo e um tamanho apropriado de bloco .
•    Cartão físico Travelflex (utilizável como cartão de crédito / caixa eletrônico).
•    Nodos móveis para manter a rede rápida e descentralizada.
•    Chat direto, 100% seguro e descentralizado de carteira para carteira (peer to peer).
•    Capaz de se conectar às suas mídias sociais favoritas e adicionar seus amigos à sua lista de amigos.
•    Near Field Communication (NFC), para ver quem usa o Travelflex ao seu redor.
•    Moeda de Proof of Word (POW) de mineração descentralizada resistente à ASIC. GPU de mineração.
•    Serviço de custódia através da rede.
•    Retorno ás instituições de caridade através da mineração.
•    Suporte 24/7 através de bate-papo ao vivo.
•    Travelflexcheques modernos para impressão.

Mais informação: https://travelflex.org/

Ou junte-se à nós no Telegram: https://t.me/travelflexchat

Travelflex ist eine neue Kryptowährung, die darauf abzielt das Skalierbarkeitsproblem zu lösen, welches viele anderen Coins wie Bitcoin oder Ethereum im Moment haben. Durch die Verwendung eines komplett neuen DAG-basierten Algorithmus ist Travelflex kein simpler Klon oder ein Token. Der “Blockspeed” beträgt 1 Block pro Sekunde im Vergleich zu 1 Block pro 10 Min. für Bitcoin.

Es wird eine echte Proof-of-Work (POW) Coin, die „gemined“ werden kann und die auf ihrem eigenen Netzwerk läuft im Gegensatz zu 90% aller anderen Coins. Lassen Sie sich vom Namen Travelflex nicht beirren, denn die Coins können für viel Arten von Sachen als Zahlungsmethode verwendet werden, nicht nur für das Reisen.

Der Travelflex Coin ICO startet am 14. December 2017 und wird bis zum 12. January 2018 gehen oder bis alle Coins verkauft sind.

Youtube link: https://youtu.be/TxyeuSjDZqM

Hauptmerkmale von Travelflex:

• Super-schnelle weltweite Transaktionen und eine angemessene “Blockgröße”.

• Eine physische Travelflexkarte (nutzbar als Kredit-/ oder EC- Karte).

• Mobile Knotenpunkte, um das Netzwerk schnell und dezentralisiert zu behalten.

• Direkte, 100% sichere und dezentralisierte Chats von Wallet zu wallet (peer to peer).

• Möglichkeit sich zu ihrer Lieblings-Social-Media zu verbinden und Ihre Freunde zu Ihrer Freundesliste hinzuzufügen.

• Near Field Communication (NFC), um zu sehen wer Travelflex um Sie herum benutzt.

• ASIC-resistente dezentralierte der Proof-of-Work (POW) Coin durch GPU-Mining.

• Treuhandservice über das Netzwerk.

• Wohltätigkeitsarbeit mit Spenden durch das „Minen“.

• 24h Kundensupport durch einen Livechat.

• Moderne druckbare Travelflex Schecks.

Mehr Informationen unter: https://travelflex.org/

Oder folgen Sie uns auf Telegram: https://t.me/travelflexchat