What is MMM Nigeria And 10 Facts You Need To Know About MMM Nigeria

MMM Nigeria is a newly launched platform for all Nigerians to be part of the Global Community of MMM.
MMM’s motive at all times is to extend its helping hands through its social financial network. Allow me share with you what MMM is in details so that you can understand it better.

What is MMM?

MMM is not a bank, MMM does not collect your MONEY, MMM is not an online business, HYIP, investment or MLM program. MMM is a community where people help each other. MMM gives you a technical basic program, which helps millions of participants worldwide to find those who NEED help, and those who are ready to PROVIDE help for FREE.
MMM is the world’s largest donation exchange with over 138million particpants and in over 107 countries worldwide. It is a peer-to-peer donation platform that assists anyone who needs any form of financial help.

If I invest in MMM, will I get into trouble?

The obvious answer is not to invest in a scam like MMM Global to begin with, but lets just say you do, or already have.

There’s no clear answer here as it depends on the country you live in; ultimately authorities are primarily going to be interested in those running the scheme versus those sucked into it as investors (potentially victims).

However, there is usually a distinct line between those who join, and those who actively recruit.

If you are recruiting people to MMM Global/China or any of its similar country based variants, you are promoting an illegal activity and you may well be liable to prosecution.

A not to dissimilar Bitcoin-based Ponzi scheme ran through Hong Kong and Taiwan last year and in both countries those promoting it, that is not the founders but those who signed up then tried to sign up others, were arrested over their involvement.

There would be no difference in mainland China, or indeed any western country, should you be involved at this level.

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HERE ARE 10 FACTS ABOUT MMM NIGERIA.

1. MMM is an innovative and experimental platform where people donate money directly to each other.

2. There are no investors and no investments in MMM. Money is not invested in any asset. Money is donated to the other person. As MMM members donate money, there are no guarantees that people
will be donated back. Everything depends on the members themselves: they develop the Community making it sustainable and creating a permanent process of the exchange of donations.

3. MMM members are rewarded with Mavro after they donate help to other members of the Community.

4. 30% per month is not an interest rate, but an expected growth rate of Mavro. Growth rate of Mavro and its amount can be adjusted at any moment for the benefit of the Community.

5. Mavro is like scores or grades in colleges. Where do grades come from? Is it possible for grades to be out of stock? Grades are taken from nowhere. Students get grades according to their performance. This is the same with Mavros. Mavro is an evaluation of the contribution made by a participant for the development of the Community.

6. MMM is a self-adjusting Community. The algorithms of matching senders and receivers and algorithms of Mavro reward constantly get adjusted and improved.

7. MMM cannot crash because it cannot pay its members. This is due to the fact that MMM is not a corporation involved in financial transactions, MMM just connects senders and receivers.

8. The main factor in the MMM Community is its members’ behaviour. The aim of MMM is not to make people rich, but to change their mindset, to encourage people to share what they have with others. Members should not treat MMM as a money making scheme.

9. MMM members can choose the time when they provide and get help. Usually members follow the principle: donate when you have spare money and ask for money when you need to buy something for your family.

10. MMM wants to increase the velocity of money. No need to keep money: share it with others.MMM wants to emphasize the importance of work and productive labour. You should work not because you get paid for that (working just for money is something like selling your soul or body). People should work consciously and deliberately for their personal and public benefit.

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