Million Money Review: is Million Money Legit or Scam

million money

 

What is Million Money About?

MILLION.MONEY can be divided into 2 concepts:

First: Is a smart contract or cryptocurrency network application on Ethereum. The application code is programmed to distribute incoming transfers among participants according to a specific algorithm.

Secondly: Milion Money  website itself provides an interface for the convenience of working with a smart contract.

In a Nutshell: Million money is a revolutionary unique DAPPS (Decentralized Applications) matrix system that is deployed to the Ethereum Blockchain network using smart contracts. It can’t be deleted or changed. It’s impossible to hack it. It will always be there for as long as the blockchain itself exists. The code is open source, anyone can read and audit. Wallet needed are ECR 20 ethereum wallet that has Decentralize app. Examples of such wallet are; Trust wallet and Metamask ethereum wallet.

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Million money smart contract compensation plan

Million money smart contract review

The structure is built in such a way that each participant can only have 2 direct downlines. Now, once you get your downlines, their own job is to fill their primary slots With of course, 2 persons. Now, this whole process continues for 100 days.

2-2 downlines and you’ll be shocked that in 3 months you’ve accumulated over 1600 eth and this is over 100 million naira currently and is only bound to increase. Trust me!!

Now, once you’ve gotten your referrals, it doesn’t mean you have to relax.
Your main job is to make sure your own referrals get their referrals and you all upgrade accordingly.

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Is Million Money Legit?

Million Money can be regarded as a legitimate platform because of the way it was built but when talking about safety and reliability million money isn’t.

Million Money’s Compensation Plan

Million Money affiliates purchase 0.03 ETH subscription positions in a two-tier 2×5 matrix gifting scheme.

A 2×5 matrix places an affiliate at the top of a matrix, with two positions directly under them:

Million money

These two positions form the first level of the matrix. The second level of the matrix is generated by splitting each of these two positions into another two positions each (4 positions).

Levels three to five of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.

Positions in a Million Money matrix are filled via direct and indirect recruitment of affiliates.

As positions fill within an affiliate’s matrix, the following commissions are paid out:

  • level 1 (positions cost 0.03 ETH) – 0.03 ETH per position filled (2 positions to fill)
  • level 2 (0.05 ETH fee charged) – 0.2 ETH per position filled (4 positions to fill)
  • level 3 (0.1 ETH fee charged) – 0.8 ETH per position filled (8 positions to fill)
  • level 4 (0.4 ETH fee charged) – 0.4 ETH per position filled (16 positions to fill)
  • level 5 (1 ETH fee charged) – 1 ETH per position filled (32 positions to fill)

After level 5 of the first matrix, the second begins (it’s the same size as the first and fills in the same manner).

  • level 1 (2.5 ETH fee charged) – 2.5 ETH per position filled (2 positions to fill)
  • level 2 (5 ETH fee charged) – 5 ETH per position filled (4 positions to fill)
  • level 3 (10 ETH fee charged) – 10 ETH per position filled (8 positions to fill)
  • level 4 (20 ETH fee charged) – 20 ETH per position filled (16 positions to fill)
  • level 5 (40 ETH fee charged) – 40 ETH per position filled (32 positions to fill)

Note that all level payments within Million Money are 100 days recurring.

Who is behind Million Money Smart Contract

Well, it so certain that million money smart contract provides no information of it’s owners. Million money website domain was registered on August 13th, 2018. But that not really a problem as many cryptocurrency dealers don’t even know who Satoshi is ( the founder of cryptocurrency) however The creator who uploaded the contract code to the cryptocurrency blockchain Ethereum. Since then, the smart contract has been part of the overall network, which is supported by miners.
No one has the right to affect the operation of a smart contract, delete it or stop it. Any attempt to make unauthorized changes will be rejected due to inconsistency with previous copies in the block chain.

Good side of Million Money

After serious research here are some reasons why Million money smart contract is not a scam and kidda different from other MLM business.

  1. It is Built on Ethereum blockchain.
  2. It is 100% Decentralized.
  3. No Admin is Involved.
  4. No withdrawal request required because payments are automatically transferred to individual wallet directly.
  5. Instant Member to Member Payment directly to your wallet by smart contract
  6. It is Impossible to Hack.
  7. Impossible to Scam
  8. No Risk at all
  9. With only 0.03 ETH ($5 to $6)~ {#3,300} ONE TIME startup cost.
  10. Earnings from various levels are paid directly into your ethernum wallet by smart contract
  11. This is not MMM and it is not PH/GH type of platform
  12. It is binary level earning system.
  13. It is 100% open source smart contract system.
  14. It is 100% Guaranteed

Cryptocurrency in the simplest of terms is just digital currency You’ve heard of some of them. Like, Bitcoin, Ethereum. Now, these currencies unlike your regular currencies (Dollar, Euros, Pounds, Naira, etc) do not have a controlling agency. Say, a central bank or some other agency that regulates them.

They’re decentralised, meaning no one person has control of it the value of these coins increase as their demand increases. Just like your regular currencies. Whenever people use or buy them, they increase in value.

Moreover, the biggest Cryptocurrency is Bitcoin which is valued at over, $6500 Ethereum is the second largest, $170, and the value of these coins increase as their demand increases. Just like your regular currencies.

Whenever people use or buy them, they increase in value. Now there are different ways someone can benefit from these cryptocurrencies and that includes.

• Buying in bulk
• Mining
• Trading
• Smart contracts or payment systems

I’m not really going into details of buying in bulk because that’s not what I want to talk about Neither am I going to talk about trading or mining. I’ll be focusing on the smart contract and payment system beause that’s what Million Money is all about.

Sure, the name “Million Money” is a bit cheesy, I don’t fancy it sha. But it was the idea of Russian Billionaires.

This smart contract can alleviate world poverty as we know it And I’m dead serious It’s a simple and effective system that lets you earn Ethereum both actively and passively. It is a peer to peer decentralised system that makes use of no admins. It works based on a simple 2 × 5 matrix Up to 10 levels.

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Fishy Side of Million Money

And in a country like Nigeria, most people do not want to go through the stress of learning about cryptocurrency anymore but want to wake up tomorrow morning to become multi-millionaires just like the Boom of 2017 without understanding what a project is, what is ICO or IEO and anything about token offerings.

Unlike Ethereum which was created as a decentralized blockchain, that has a product, this EMM has no product but is just a pyramid system that just like MMM that robs Peter to pay Paul.

According to its founders, you come in and pay in ETH, sit down, take a bottle of beer and wait for your turn to get paid with no actual product backing it up. It’s the typical long-winding nonsense of upline and downline.

First, you are asked to download million-money’s recommended wallet where you’ll deposit $5 in ETH in the first stage. This amount is sent to your immediate upline (whoever referred you).

To keep ascending in the scheme, you are required to get 2 referrals who in turn will get 2 each and on and on it goes. To get to the top of your pyramid you must have recruited 64 persons (downlines) directly or indirectly who pays you.

How to join my Million Money Team Group

I have put up a whatsapp group to earn fast in the platform, click here to join our Group if you want to boost your earning refferal speed.

How to register and make money from million money smart contract

Million Money
  1. to register on the million money you first need to download the trust wallet app from google play store or https://share.trustwallet.com/614DHLF
  2. then create an account, and a security code will be assigned to you
  3. copy the security code and save it at your note pad or anywhere safe.
  4. head to your etherum and click on Etherum to copy your address.
  5. now go to million money website by clicking here
  6. now you’ll need to provide an upliner id, you can ask from your friends who are into million money and insert their id, after which you will need to buy some etherum to purchase your starter plan which is 0.03 eth, once you have upgraded your account you are good to go.

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Now, once you initiate the smart contract with 0.03 ETH. The ETH is sent to an upline of yours. Your duty is to get 2 referrals and these 2 referrals initiate the smart contract with 0.03 each Making it a total of 0.06 in your wallet This is about #6k

Normally, some persons might just think. Why not withdraw this N6k and just leave the system. You could do it oh. Because the money is in your wallet. You have absolute control over it. But doing that will disrupt the whole structure of your uplines.

Now, once you’ve received 0.06 eth in your wallet, your duty is to upgrade to level 2 using 0.05 eth Now, you earn by upgrading to a new level. Once you upgrade to level 2, you have 0.01 left behind. Sure, it’s almost useless. But that’s not where the main stuff lie Remember, you have 2 partners now ohh!

• Okay, let’s call your 2 partners. Bola and Dayo
• Bola brings in 2 persons as is required of him.
• Let call them Deji and Andrew
• Dayo on the other hand brought 2 persons
• I’m lacking names to use oh
• Let’s say Emeka and Tunde
• This means Bola and Tunde have both entered level 2

Now, you might be saying, how do I get to level 3 na? Chill…
Well, Deji has to bring his own 2 persons remember? Andrew as well. Emeka and Tunde are supposed to have their own 2 partners each. They all upgrade to level 2.

Now, these 4 persons

• Deji
• Andrew
• Emeka
• Tunde

They all purchase level 2 with 0.05 ETH Chioma, who is their upline receives all 4. 0.05 × 4 = 0.2

Now, you’re supposed to enter level 3. You’ll then use 0.1 to enter the new level. Your profit is now 0.1 + 0.01 = 0.11

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Final Note on Million Money Review

Literally the only difference between a typical matrix-based gifting scheme and Million Money is the use of ethereum.

New Million Money affiliates are recruited and gift ethereum to whoever recruited them (matrix position purchase).

This payment in turn qualifies new affiliates to receive gifting payments from those who join after them.

As with any gifting scheme the scheme falls apart when recruitment slows down and eventually stalls.

Most of the money paid in winds up in the hands of Million Money’s admin. This takes place through one or more preloaded admin positions.

Whatever’s left is gifted to early adopters, with everyone else mathematically guaranteed to lose out.

so if you are going to join the million money, be ready for the risk involved.

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Written by Preshemokhai

Eshemokhai Precious Is the CEO of Friends Impact. He is a Passionate Blogger & Digital Marketer.He is the guy that Invests alot of time and resources in making people the best version of themselves. You can Join Our Telegram channel here to get latest updates on Tech.
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