Nigeria as a "recessioned" country is now bedeviled with ponzi schemes springing up on daily basis. As @ThePonziGuy, I will be reviewing each of the ponzi schemes in Nigeria. The pros and cons of each but so today, I am starting with the most popular - MMM Nigeria.
MMM Nigeria started operation in Nigeria on November 15, 2015 and has a growing population of over 3million participants in Nigeria alone and about 200million across the world according to MMM's founder. MMM has a Russian origin because of its founder, Sergey Mavrodi who started MMM as a Joint-Stock Company in Russian in 1994 before series of events happened resulting in its collapse until when it was resuscitated in 2011 and spreading like wide fire and now in over 100 countries.
MMM Nigeria is an online donation exchange platform for people who need help and those willing to offer help in form of donations. The donations are rewarded in what they call Mavros (Mavro-NGN, Mavro-USD and Mavro-BTC).
MMM Nigeria has over 3 million participants and its website (mmmoffice.com) was ranked the 3rd most visited in Nigeria 2016 by Alexa.com.
An MMM Nigeria participant after registration, logs into his Personal Office (PO), fill his bank account details or bitcoin wallet address, then clicks on Provide Help (Deposit) to pledge how much he wants to donate and the system pairs him with the person(s) to pay. After 30days or less, the participant can request to Get Help (Withdraw). Details of how it works can be found on their website.
MMM Nigeria's acceptable currencies for donations are the Nigerian Naira and Bitcoin.
Pros:
- No registration fee
- No central account
- No central account
- Minimum investment of N2,000 for Naira and 0.01BTC for Bitcoin
- No compulsory referrals
- Participants pay into each other's bank account directly
- Rewards participants with 30% for Naira donations and 30% + for bitcoin donations for 30days.
- Registration Bonus ($20, $50, $100), Referral Bonus (10%), Guider/Leader’s Bonus (5%, 3%, 1% etc)
Cons:
- Currently battling a come back after one month "pause mode".
- Many unresolved Fake proof of payment
- No guarantees
REGISTER HERE
In view of the one month pause mode and unending system upgrade to new model, how would you rate MMM Nigeria?
In view of the one month pause mode and unending system upgrade to new model, how would you rate MMM Nigeria?
I go rate them ZERO until I collect my money ooo.
ReplyDeleteThat's funny but not funny 😁😁😁
DeleteIt remains the best forever.
ReplyDelete@Gabriel, That's true for me.
Deleteits great i know the gliches will be rectified and they'll come strong
ReplyDeleteHopefully that is done as soon as possible.
DeleteMmm is coming back stronger than befor.
ReplyDeleteWe all look forward to that.
Deletei believe in MMM like a Religion..i believe the die
ReplyDeleteMore like a movement you mean? 😬
DeleteMMM is the best and it will always remain the best on matter what.
ReplyDeleteIt would definitely stand the test of time when it returns in a matter of days, I believe.
ReplyDeleteMMM Nigeria needs more of you guys who commented so far. Together we can change our world.
DeleteI pray it comes back because I borrowed money from someone 800k
ReplyDeleteMMM Nigeria warned everyone to use spare money only because there are no guarantees.
DeleteI believe in them.. The have the intreste of nigerians at heart at least much prefferable to our government.
ReplyDeleteShould be float MMM Nigeria Democratic Party (MNDP)? 😁
DeleteNobody can deter me from participanting in MMM, not even Nigerian government.
ReplyDeleteI love your love for the scheme.
DeleteThey are not sincere and structured
ReplyDeleteReally?
DeleteThe system is not better organised; the leakages is just in excess : Guiders bonus, video bonus, leadership bonus and referral bonus. MMM is poorly structured.
ReplyDeleteHmmmmm! The successes and failures of MMM are a function of the participants.
DeleteBest ever platform... MMM_Truely_Pays
ReplyDelete