Blockchain Startup Referralcoins Wants to Drive Blockchain Into MLM Sector


Share with:

ReferralCoins, recently released by the Referral Foundation plan to optimize payment flow for network marketing organizations by offering Instant transaction processing – allowing faster turnaround for order fulfillment resulting in improved overall customer experience and an increased bottom line. 

The duo is is opening the doors for the MLM community as a whole, to interact between each other.

“The ability of each MLM company, new and existing, to offer and accept a dedicated digital currency for their own company creates a new and improved way of doing business,” stated a press release.

Members have the ability to earn and or purchase coins and use them for products and services not only for their personal membership, but to also have the ability to trade them for other coins from other MLM companies. This allows synergies that have not been offered to date.

arcona ico
arcona ico
arcona ico

ReferralCoin has been designed to intertwine with Multi Level Marketing Companies existing infrastructure to allow ease of use for both Company and Affiliates.

The referral economy has transformed and expanded exponentially since the spread of social media. Network marketing is a $178 Billion-dollar industry with millions of global participants. The network marketing business is vast and complex with its own set of unique challenges, covering all aspects of products and services. ReferralCoin was created with these unique challenges in mind.

Network marketing is unique in its economic structure. Using digital money can significantly and positively benefit this industry in a multitude of ways. Notwithstanding the obvious cost-savings optimizations. 

For more information, please visit

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles