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In the very recent days, we are able to see the growth of Decentralized smart contract Networks or Smart Contract Based Cryptocurrency MLM in the Cryptocurrency Industry. The first one to succeed in the smart contract mlm business was million.money, and then forsage.io. Followed by them a pack of ethereum smart contract networks, like FOMO5K, doubleway, ethereums.cash have arrived to the industry, and now, the XOXO Network is joining the party. Yes, this article is going to cover the complete review on xoxo smart contract, by explaining how xoxo smart contract works, how to join the xoxo network and more interesting information about xoxo network.
Since, bitdeal is a reputed blockchain smart contract development company, our team is keep on hunting the trends of the blockchain network, and we would guide you to survive as a business based on the trends of the blockchain ecosystem. If you are an entrepreneur, who wants to build a similar p2p global powerline autopool system like XOXO Network on ethereum smart contract then you will get some interesting business ideas at the end of this article. Keep on reading.
What Is XOXO Smart Contract?
How XOXO Network Smart Contract Works ?
XOXO Network Features
How To Join Or Register In XOXO Network ?
Reason Why XOXO Network Will Work
How To Start a Decentralized Ethereum Smart Contract Like XOXO
XOXO Network is a decentralized P2P global powerline autopool system which runs On ethereum smart contract which claims the network. To be simple the network is an cryptocurrency MLM which has been controlled by ethereum smart contract.The network has been launched on May 21,2020. There are no contract details about the admin of the XOXO Network. As by the description of the network the entire system works based on the powerline autopool system. The system claims there will be no human interaction, so there will be no chance for any humans to steal the crypto earning’s of a member.
What is meant by the powerline autopool system ?
Which means the member registration will be done one after another, that is the network joining methodology will be done in a chronological order. So, it is very clear that XOXO is not a binary MLM, but it is a Unilevel MLM, or single structure whereas the FCFS(First Come First Served) protocol is used. So, new users will be placed under the previously joined users based on transaction time stamp.
XOXO Network claims it is a lucrative money making system which runs based on the principle of “for the people by the people” . People who join this ethereum network can earn unlimited ethereum with high return on investment and with no risks. You may ask how XOXO can bring zero risk to the participants?. The Network claims there is no admin, whereas every fund transaction, membership registration, profit returns and everything inside the system can be done by a pre-built ethereum smart contract.
The reasons why this kind of cryptocurrency mlm to prefer smart contracts are,
These rock solid reasons made cryptocurrency mlm’s, to choose smart contracts as their security guard. Hence XOXO Networks also preferred to work based on ethereum smart contracts, just like forsage.io and million.money.
Okay now, we got an idea why they use ethereum smart contracts, let us see how XOXO network works and how they differ from the other Million.Money and Forsage.io.
7 Global Auto Pool System:
XOXO networks follow an autopool system, There are 7 auto pools inside the system. Whereas the users can start to earn from any of the autoppols from 1 to 7. But to enter the autopool 2 to 7 one should complete the cycle on autopool 1
Since it is a powerline system, it follows a globally one-line structure (single line), so the new users will be placed under the previous users, and the new users have to pay an entry amount to the previously joined user or their referrer. The transaction will be done directly from user wallet to user wallet. That’s why we called it the P2P Network. As said above the user placement will be done based on the timestamp of their entry transaction.
It is a blockchain measure, which is recorded by ethereum blockchain to keep track of the completed time of each transaction.
Entry For Autopool 1:
To Start earning ETH from XOXO network, one should enter the autopool 1. To earn from Autopool 1 one should invite or refer a user. When you join by the referral of previous user then your registration feel will be distributed to upto 4 levels of the previous joined users as below.
Registration Fee : 0.1 ETH
Level 1 : ( The one Who joined before you or referred you ) Gets 50% commission that is 0.5ETH
Level 2: Gets 25% commission that is 0.25 ETH
Level 3: Gets 15% Commission that is 0.15 ETH
Level 4 : Gets 10% Commission that is 0.10 ETH
A Cycle will be completed in autopool1 when 3 members join below you and you will recover the registered fee at the end of the cycle.
Entry For Autopool 2: Here there is no need for direct referral you can directly join from auto pool to autopool 7. You can earn 0.30 ETH to 1.5 ETH just by referring, only three global users in any of the autopool. Auto pool 2 to 7 doesn’t require any referral, your 1 direct referral required on autopool 1 gets qualified to participate on any autotools 2 to 7.
Registration Fee : 0.1 ETH
To enter autopool 2 you should complete a cycle on auto pool 1.
All Pools Profit Protocols :
The Pool entry fee, and other profit protocols are written in smart contract. In autopool 2 to 7 50% of commission will be paid to the sponsor or referrer. Once a member earns and cycles out from a particular autopool, part of his earnings will be reinvested to the system to earn more passive income, and to keep constantly moving the autopool.
Hope you are not getting it. Your cycle will be completed in autopool 2 when you refer 3 people and earn 0.3 ETH, and you will be moved to autopool 3 where the joining fee will be 0.15 ETH which is 50% of the previous earning in auto pool, and while completing a cycle by joining 3 members below you you will earn 0.45 ETH as profit.
At all autoppols the commission will be distributed upto 4 levels of the previous users as below.
LEVEL 1 :50%
LEVEL 2: 25%
LEVEL 3: 15%
LEVEL 4 :10%
Everything will be written on the smart contract.
The Network claims “ There is No Fat Cats, on Top”.
Reference : gainbitcoin.com
To Join XOXO Network the company recommends to download Metamask for Desktop users, and Trustwallet for Mobile devices. After downloading the wallet, it is required to have 0.1 ETH in your ethereum wallet so you should add 0.1ETH to your ethereum wallet.
Step 1: Download Meta Mask or Trust Wallet
Step 2: Add ETH to Meta mask or Trust Wallet ( How to Add ETH In Meta Mask )
Step 3: Click the referral link sent by your referrer
Step 4: Then select Dapps
Step 5: Paste link in browser
Step 6: Click Done
Step 7: Click Register
Refer : How To Start the XOXO Smart Contract Published at publish0x.com
Even though there was a brief explanation about their system, they refuse to mention their smart contract address in their official website. This somewhat seems to be an ambiguousness of the network. Even though they mentioned some mind grabbing words like “global powerline autopool” , it is very clear that XOXO Network is a Multi level marketing scheme based on smart contracts.
Stil now there is uncertainty about the XOXO network, but what we have to focus is, their business model. That is the single line, or unilevel autopool smart contract system. By analyzing the competition, XOXO has come up with an unique strategy and protocol, and they claim the users can have unlimited ETH. Whereas the million.money and ehtereums.cash claims the users can earn 1500 ETH and 55000 ETH in 100 days and 180 days respectively. So, if you want to start a smart contract mlm like xoxo, we can guide you to define unique protocols, strategies, and every other business plan. Also we can help you as a technology partner to build comprehensive ethereum smart contracts. Bring us your unique business idea, and we will make it happen. We are already having following smart contract mlm clone script, if you wish we can customize it for better performance.
Our Smart Contract MLM Clone Scripts
Talk to our experts to create a smart contract MLM Like Million.Money, Forsage, XOXO, Ethereums.Cash and More
Bitdeal - Is a Top Rated Blockchain Development Company, familiar for smart contract development services, Dapp Development, Token Development, and other blockchain solutions, We have a strong reputation in the blockchain industry, with a strong portfolio.
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Disclaimer: We are not the owner of XOXO Network, and are not doing any direct promotional activities for them. Also, we are not doing any business dealing with "xoxo.run". We sell only smart contract based MLM scripts. Only for the better understanding and easy identification we use the term "XOXO Smart Contract".
Hi this is Sam, Working as Technology advisor and blogger at bitdeal. Having 4+ years of deep understanding and experience in cryptocurrency trading industry. I keep on hunting the new trends and technologies that are related to crypto's as well as blockchain Industry. Stay tuned with me at bitdeal, to get interesting updates regarding bitcoin, cryptocurrencies and other emerging blockchain technologies
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