What is MMM Global
If you want know what MMM Global is all about, then you have come to the right place. Let me start off by stating that I am very skeptical when it comes to get rich quick schemes such as Ponzi or Pyramid schemes. My skepticism and the fact that I have been a member of MMM Global since July 2015 puts in a position to give a balanced view to the question: What is MMM Global.
What MMM is Not
I would like to start by stating what MMM Global is not before I explain what it is.
· MMM is not a bank,
· MMM does not collect your money,
· MMM is not an online business,
· MMM is not an HYIP (High Yielding Investment Program)
· MMM is not an investment or investment program
· MMM is not a Multi-Level-Marketing (MLM) Program..
What is MMM Global
MMM is a global helping plan. It is a community where people come together and help each other through a social financial platform provided by its founder Sergy Mavrodi. The name of this financial platform is MMM Global. MMM Global connects millions of participants across the world and enables them to provide and receive financial help from other.
So MMM Global is not a company, it is a community organisation designed to help people improve their financial conditions.
It is designed to fight the current financial system run by big institutions that are controlled by very few individuals.
MMM Global was started in Russia in 2011. Since then it has spread to over 100 countries across the world. At the time of publishing this review, MMM Global had over 35 million participants worldwide.
How does MMM Global work
The operation of MMM Global is simple and straight forward. Participants help each other by sending money to those who need it the most, but after sometime the money is returned with high interest of 30% per month. MMM Global connects the one who wants to donate money with the one who wants to get money. The social network does not keep any community funds, participants transfer money directly to each other.
For example, to get started, you would create an account in the system and pledge to provide help of say $1000. The system will connect you with a person who is looking for help of $1000 and avail his banking account details to you.
You will take the next step and transfer $1 000 to the allocated person. After transferring the money, you will be required to upload proof of payment and confirm that you have transferred the funds in your back office provided by the system.
The person who requested help will confirm in his back office upon receiving funds in his/her bank account. Upon confirmation, the system will award you the MMM Global currency units called Mavros. One mavro is equivalent to one USD. So you will be awarded 1000 mavros in your back office. These mavros will be compounded with interest and grow at a rate of 30% per month. So in a month’s time you will have 1300 mavros. if you decide to get help and withdraw the 1300 mavros, the system will select another participant to deposit $1300 into your bank account.
How to Join MMM Global
To join MMM, follow our team sponsor link – MMM Global – which will take you to the official MMM Global website. Select the ‘registration’ tab at the top and complete the process by filling in registration form. Provide and type the requested information below.
· name and surmane,
· email address,
· mobile number,
· Skype name if you have one
· Your invite code (feel free to use 'GetRichQuick')
Read and agree to their terms and condition, then click the ‘Register in MMM’ button to create your MMM Global account.
Inside your MMM Global account, click the ‘Account’ tab on the menu and add your bank account details or Bitcoin wallet address, or both.
How to contribute funds to MMM Global
To start participating in MMM, go the main menu and click ‘Dashboard’. Two big buttons for providing help and getting help will appear.
To contribute help to other participants, click the green ‘Provide Help’ button and type the amount you of money you want to contribute. The minimum contribution amount is R 100. After confirming the contribution, you will be allocated Mavros equivalent to the amount you have contributed. Your Mavros will start earning interest immediately.
After sometime you will get an order with bank details where you should deposit funds. You should send the funds to the identified person with the specified hours. After sending the funds and attaching proof of payment, you will mark as sent and the recipient will confirm receipts for funds.
How to withdraw funds from MMM
You can withdraw funds from MMM Global at any time provided the color of your Mavros is Green. Before withdrawing, check how much money you have available for withdrawal. On the main menu, click ‘Mavrol’, then click ‘available for withdrawal tab on your top left.
The system will show you the amount of money you have available for withdrawal. To withdraw go back to the ‘Dashboard’ and click the “Get Help” button. Follow the instructions as they appear and type in the amount of money you want to withdraw. Shortly after withdrawing, orders of people who should deposit funds into your account will appear in your back office. As soon as you receive funds in your account, log into your account and confirm that you have received the funds.
Is MMM a Ponzi or a Pyramid Scheme
No, MMM is not a ponzi or a pyramid scheme. Pyramid or Ponzi schemes take cash from people, and then just pay a few people and keep the rest of the money. In Pyramid or Ponzi schemes, the first few top investors are usually the ones who benefit.
It’s not like that in MMM Global, the organisation does not keep the money. Moreover, anybody can receive help any time after they have provided help. It is up to an individual whether to wait for 2 weeks, 4 weeks, or 3 months, or even a year before asking for help. There is no hierarchy in this scheme, every participant is equal.
MMM is perfectly Legal
MMM Global is legal and does not break any laws because there are only money transfers between private persons and nothing more. Moreover, people transfer money to each other without any conditions, guarantees and promises.
MMM Golden Rules
To keep the operation running smoothly and to make sure that member act in the best interest of the community, the following rules must observed.
Rule 1: Do not have multiple accounts.
Penalty: all accounts will be permanently blocked, you will be banned.
Rule 2: Do not share email or bank details with other members
Penalty: you will all be blocked from getting help until you give identity proof
Rules 3: Do not delay in paying for your order,
Penalty: you will be blocked
Rule 4: Do not edit your banking details or change password less than 15 days before getting help
Penalty: Your GH will be delayed for 14 days
Rule 5: Do not click on the "I refuse to make payment" button for more than once a month
Penalty: You will be blocked
Rule 6: Do not make deposit and fail to attach proof of payment
Penalty: You will be blocked
Rule 7: Do not fail to confirm your payment
Penalty: You will be blocked
Final Thoughts on MMM Global
MMM Global is a legitimate way to make money. Everybody knows where they stand, there is no secrets or deception. As long as the community grows, you will make money. Once the community stops growing, no one will make money.
As with most honest pyramid schemes such as MMM, people who benefit the most are those who joined earlier (2015 in the case of MMM). If you’ve heard about MMM recently (2016) and decide to donate to others, you should lower the expectations of receiving help from others as the risk of losing your money increases exponentially with the passing of time.
Therefore, before joining MMM ensure that you read all the warnings and disclaimers. The risk of losing your money is there and is high, so it is advisable to participate with spare money, or money you can afford to lose.
Update: It seems as if MMM RSA is dead. Too many people cannot withdraw because their mavros have been frozen.