Million Money Review – Make Millions Or Is It All Hype?
Welcome to my Million Money Review. I certainly hope you find this review informative and that it adds value.
If you are here because you want to know if this platform is a legit Ethereum MLM or a scam, then you are in the right place.
In this Million Money Review, you will get to know about the company, the products they offer, as well as their compensation plan.
Once you are done reading this post, you can tell if this platform is a scam or not and if it is suitable for you.
Million Money Review – What Is Ethereum?
Many of you are not familiar with the term Ethereum. Here is a definition according to the website ethereum.org:
Ethereum has a native cryptocurrency called Ether (ETH). ETH is digital money. If you’ve heard of Bitcoin, ETH has many of the same features. It is purely digital, and can be sent to anyone anywhere in the world instantly. The supply of ETH isn’t controlled by any government or company – it is decentralized, and it is scarce. People all over the world use ETH to make payments, as a store of value, or as collateral.
If you’re still not 100% understanding the concept of what ETH is, don’t worry – you’re not alone!
Million Money Review – About The Company
Million Money is a network marketing company that gives associates the opportunity to earn cryptocurrency (Ethereum or ETH).
This is done primarily by recruiting others and building a downline or team.
I would categorize Million Money in the cryptocurrency / make money online niche.
I don’t fancy joining any company that conceals the identity of its owners or the people running it.
This is a HUGE red flag!
From my research, I did not find any information about the company owners or the people who run Million Money.
I researched further, and I found out the site domain (million.money) was privately registered on the 13th of August, 2018.
I find it hard to join any company that is not transparent; use this as a guide anytime you come across any business opportunity.
Someone Thought About A Different Way To Scam
A group of people or someone somewhere came up with an idea to create an illegal MLM pyramid scheme, and they decided to use Ethereum blockchain.
I feel the owners of this platform figured Ethereum smart contract would be a good selling point to create an illegal MLM platform that would bring in investors.
With the implementation of smart contracts, the founder of this platform indicated on their site that the system would be 100% automated, and all payments are secured and automatic.
But how long can this last?
The founders of this platform are scammers, and they know exactly what they are doing.
They are aware that pyramid schemes are illegal in most countries
T
“They Can’t Shut Us Down…”
The site has
Their moderators also tell people that even if the government shuts down the website, the system will continue running.
This platform is not the regular illegal MLM pyramid scheme you know; they are stronger than most.
Do not fall for these claims or false promises, even if they implement smart contracts, Million.Money is still an illegal platform.
I am pretty sure this platform is targeting gullible, inexperienced ones.
The program also claims to have a lot of users on the platform and is among the best 10 decentralized applications (Dapps) worldwide.
To increase their reach to more innocent folks, the founder(s) created another company two months ago called SmartWay.run.
Just imagine the number of phony platforms that will be created in the coming months to rip people off.
Products Offered and How The Platform Works
There is no retail product or services offered on this platform; however, there is room to promote their affiliate membership, which is completely against FTC laws.
There is nothing special here, but the usual plenty talks of down lines and up lines.
At first, you will be instructed to download their wallet and deposit Ethereum (about $5).
This money goes to your direct up line or the person that referred you.
To increase your ranking on the system, you are asked to bring 2 referrals to join, and these 2 referrals are to bring 2 people each to register, and so on.
To be at the top position of your own pyramid, you are required to recruit about 64 persons under you (directly or indirectly) who will pay you.
Additionally, moving from one pyramid level to another so you can continue receiving money from your down lines requires paying an increasing amount of Ethereum to your up lines.
An MLM platform is only viable if retail sales are greater than the recruitment of affiliates.
Thus, million.money would be a pyramid scheme, according to the FTC, since there are focused on affiliate recruitment only.
The path to wealth on this platform involves purchasing 0.03 Ethereum positions in a two-tier 2X5 matrix compensation plan.
Team members can fill these positions directly or indirectly. Every payment on the platform is recurring every 100 days recurring.
To join, you will have to purchase a matrix position that cost 0.03 ETH; this payment is recurring every 100 days.
To participate in the whole opportunity offered by this platform, members must fork about 78.99 Ethereum every 100 days.
Do Not Be Fooled By Million.Money
Is the Million Money earning opportunity a scam? “the fastest, easiest, and risk-free way to earn 1500 eth every 100 days.”
Do not be fooled by this statement.
Million.Money does not offer any retail product(s) or service(s), and the only activity on this platform is people gifting people funds in the compensation plan.
The platform leverages ETH instead of dollars.
Do not be deceived; it’s the same thing served differently.
If you are thinking of joining this platform, think again.
I doubt this platform will last long; the FTC will eventually shut it down.
Thus, I don’t recommend the Million.Money to anyone.
Even though the system claims it is automated and executed by smart contracts, and can survive even if the government shuts it down, stay away from it.
Just like many scam platforms before it, the Million
Million Money is similar to other MLMs I’ve recently reviewed on this blog such as:
Million Money Is A Pyramid Scheme
Payments on the platform are obtained from investments from new recruits.
This is the problem with all pyramid schemes.
Once people stop investing or no new recruits, the platform will crash. The same fate awaits Million
People who will make money from this platform are the owners of this pyramid scheme and early investors at the top who may have convinced a lot of people to join and invest.
The victims are people at the bottom of the pyramid.
Have this at the back of your mind: imagine yourself signing up and the platform crashes tomorrow.
That’s devastating.
So I don’t recommend joining this program since you won’t know your rank on the pyramid when it eventually crashes.
If you don’t want to lose your funds, learn from the mistakes of others.
A lot of people have fallen victim to several pyramid schemes in the past, and many will still fall victim.
All pyramid schemes are short-lived. I believe you won’t take such risk after reading this post.
Instead of risking your hard-earned money on pyramid schemes and other questionable MLMs, here is what you need to do:
Build your own affiliate marketing business with the help of Wealthy Affiliate.
Wealthy Affiliate Can Help YOU Succeed If You Give It A Try
Signing onto Wealthy Affiliate over 1 year ago was the best business decision I ever made.
Imagine this:
You can actually learn how to make more money in 1 month than most people make in 1 year.
The above statement is not a guarantee of income, but a statement of what is possible with the Wealthy Affiliate platform.
Check out these ordinary people who are now making extraordinary incomes with the help pr Wealthy Affiliate.
There are HUNDREDS of testimonials at Wealthy Affiliate that show how ordinary people are making extraordinary incomes:
The rest is up to you, my friend!
You can either continue to make excuses or make something happen.
Don’t believe the lies that you can make money online with very little work and in just a few days.
There are no shortcuts when it comes to creating a consistent, long-lasting online income.
The truth is YOU are going to have to participate in your own financial rescue and understand that learning how to build an online business is one of the best decisions you can make.
Talk Soon,
Howard
