Million Money Review: 0.03 ETH 2×5 matrix gifting
Million Money provides no information on its website about who owns or runs the company.
Million Money’s website domain (“million.money”) was privately registered on August 13th, 2018.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Million Money’s Products
Million Money has no retailable products or services, with affiliates only able to market Million Money affiliate membership itself.
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:
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.
Joining Million Money
Million Money affiliate membership is tied to at least one 0.03 ETH matrix position purchase. Note that this is a recurring one hundred day subscription fee.
Full participation in Million Money’s income opportunity costs 78.99 ETH every one hundred days.
Conclusion
Million Money bills itself as a “smart contract” that provides
the fastest, easiest and risk-free way to earn 1500 eth every 100 days.
In reality Million Money is a matrix-based gifting scheme.
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.
31st December 2019 and I have one downline. I am in 2nd label and my downline is in 3rd.
Steel now both of us are in same label. There are no updates.
I told my upline but he have nothing to do and his growth is marvelous.
So my request to you, that what can I do now? Thank you.
Sounds like your matrix has stalled. Sorry for your loss.
This is the dumbest review you have ever done. If you don’t know you smart-contrat works just Google it.
How a smart contract does or doesn’t work has nothing to do with Million Money being an illegal gifting scheme.
Using cryptocurrency doesn’t all of a sudden make gifting legal.
I rest my case. The smart-contrat have thing to do with it. This is the most transparent program online now.
You can view anyone down line at any time. Using etherscan, yes you can see how many money/eth they have made so for.
Please do your research good before publishing nonsense.
You don’t have a case. Cash gifting is illegal.
Whether a gifting scheme is transparent or not doesn’t matter. Whether you call an illegal gifting scheme a smart contract doesn’t matter. Whether you can look up how much people have lost on etherscan doesn’t matter.
None of that has any bearing on Million Money being a gifting scam.
The math behind gifting schemes guarantees the majority of participants will lose money. Using ethereum to commit fraud doesn’t defy the laws of mathematics.
Time to graduate from being another “but it’s not a scam because cryptocurrency” dumbass.
Can you redraw profits only after 100 days?
No idea. Mandatory reinvestment is every 100 days, that’s as far as I looked into.
This can’t be a scam…. Rune Fjorft is pimping it…. LOL. TOTAL BS GIFTING SCAM!
The problem is, yr down line upgrade, and you got nothing. The truth is that,this is not a real smart contract.
most of the money goes to the admin. they deceive you by allowing yr first level down line to pay you, and from then you see nothing again no matter how much yr down line are, and no matter their upgrade.
The truth is this is a professional way to scam by deceiving people with the word smart contract.
The system doesn’t ever hold your money so why discuss withdrawls!! Funds go straight into your ETH wallet.
Whether the “system holds your money” or not has nothing to do with Million Money being an illegal gifting scheme.
this guy is dumb. he s looking at a smart contract project from the perspective ofinvestmen business. very daft!!!
The only daftness here is calling cash gifting a “smart contract” and running around pretending it’s not cash gifting anymore.
I’m waiting for your response. I think it will go better trying million money for me. Thank you.
Go for it. We’re not here to manage your finances on a personal level.
Make sure you gift in as much as you can. Hopefully the losses might sink in then.
To me base on my understanding about this platform so called million.money there’s no anything related with scam.
if you can go through it carefully i am much sure that you will be able to understand my brothers.
try and get into the system you will see what reality it’s thanks. regard saddam Dankasuwa
Going through Million Money’s comp plan and then pretending it’s not a gifting scheme makes you a scammer.
Scammers promote scams. That’s your reality.
Oz
I think you defending your pointless opinion with pride.I made more the R20000 in this.By simply having an organised team.
So why are you so sour. Its too early to review million money. The funds of people upgrading go straight into your etherium account. Not in million money
You haven’t tried it. So please try an review on something else.
Oz
If MLM community based platforms are illegal (Ozedit: Nope, never happened. Derails removed.)
@Moja
Whether you scammed your team or not doesn’t change the fact that Million Money is an illegal giftimg scheme.
Not opinion, fact. And it’s a gifting scheme now, yesterday and will be tomorrow.
Time doesn’t legitimize scams. Don’t need to try a gifting scheme to recognize one either.
Any other cliches you want to throw out?
Cash Gifting is Not Illegal. If it were true, any all money you give to friends or family or strangers or charity would all be illegal… lol.
Cash gifting is very much illegal.
There’s a legal difference between giving money without strings attached, as opposed to a business opportunity where you gift money to qualify for receiving gifted money from subsequently recruited participants.
This is real believe…. study to show thou self approved.. if u study d system you will understand it.
What you’re reading is a review based on understanding of Million Money’s business model.
It’s a gifting scheme. Time to stop pretending otherwise.
level 5 (1 ETH fee charged) – 1 ETH per position filled (32 positions to fill)
Let’s jusf focus at level 5
1 ETH x 32 positions is = 32 ETH
To complete 5th level, you need 62 DownLines, it means
62 * 0.03 ETH = 1.86 ETH
WHO THE HELL WILL LET YOU HAVE THAT MUCH PROFIT (level 5 is 32ETH)
DO THE MATH
Million money is a Smart Contract, defined as “computerised transaction protocols” that execute TERMS of a contract.
The MLM matrix is simply an “ALGORITHM program” running within the Etherium Virtual Machine, a large computer executing the Program codes.
The application program is completetly DECENTRALIZED, and not even the programmer of this codes can effect any changes. Once the smart contract began running the program MLM matrix, that was it.
This is the LEGIT efficacy process & TRANSFORMATION that BLOCKCHAIN technology has adequately enforced. And critically within the investment arena to ASSURE legitimate funds AUDIT & AUTOMATED stringent contract transaction terms.
The Million Money Smart Contact is visible and traceable at ETHERSCAN, the GLOBAL etherium explorer and analysis database.
Whether you run an illegal gifting scheme via a script (php etc.) or “muh blockchain!”, it’s still an illegal gifting scheme.
You’re confused about the system, it’s obviously obvious… Lol.
That’s why someone can be focusing on level 5 and doesn’t know how the 32 ETH came about. Anyways, no strings attached, I’d be willing to explain to anyone.
(Ozedit: recruitment spam removed)
Nobody is confused. Million Money is an illegal gifting scheme promoted by scammers.
If you’re not confused, can you explain how someone earns 32 ETH in level 5.
Scammers recruit victims to steal money from. Same as any other gifting scheme.
I asked you a simple question, answer it…
Until then, you’re confused.
I did answer the question, both in the review and #32.
Spambinned for wasting my time.
A quick question. Do you get the 1500 ETH after 100days by just buying a level or to get that eth, do you have to complete all levels?
Making a gifting payment doesn’t get you anything.
Victims have to be recruited after you to steal from.
if you look youll see gifting is legal its got the pres of u.s.a for proof but if this is left to humans to upgrade on theire own …watch out
Nope. Gifting is illegal in the US and across the world.
Some examples:
michigan.gov/ag/0,4534,7-359-81903_20942-513367–,00.html
ncdoj.gov/protecting-consumers/money-making-schemes/gifting-clubs/
Interesting….. Someone jz funded for me an account on this… So I am here trying to find out if it’s worth recruiting people on it…is it paying.. How long has it been running
Help a sister…
@Kate
Recruiting people into a scam in which the majority of participants are guaranteed to lose money.
Do you really need to ask?
I believe People that writes blog have a tested experience before they publish it as scam or not.
No offense,you don’t sound like someone that has passed through it,someone withdrew from it and made a screen video of it.
Learn how to take risk in life…3000 or 0.03eth will not kill someone.
Yawn. Scam excuses 101.
Math is math. You don’t need to get scammed to identify a scam.
No offense, you sound like every other scam apologist out there. Let me guess, “muh blockchain!” and first exposure to gifting schemes?
Math is math, the majority of participants in gifting scams like Million Money lose money. Risk has nothing to do with anything.
So by your logic, morticians have to die before they qualify.
Cops have to be criminals first.
And so on and so forth.
Your logic is hilarious.
Hy Admin. Whether million money smart contract is illegal or not, everyone see things different ways. And also, learn how to reply on your audiences’ comments with respect.
You are a blogger, what your focus should be is creating a good niche or community not trying to impose your point of view.
That’s like saying, “Here’s an apple. Some people see apples as a rhino. And that’s fine.”
Million Money is an illegal gifting scam. There’s no “different way” to see it, unless you’re in the scam trying to convince others to join under false pretenses.
Facts don’t care about point of views. The fact of the matter is Million Money is an illegal gifting scam. That’s all that’s relevant here.
Thanks for the constructive feedback. I have zero respect for scammers, so there’s that.
It’s usually schemes like this that hurts the reputation of legitimate brands in the MLM industry.
Million Money is not the first of it’s kind and unfortunately won’t be the last as long as gullible ones still fall prey to this sort of gimmick, and this predisposes it to its inevitable failure.
It’s not just an illegal pyramid scheme… it’s one on steroids (designed to seem stronger) but from start to finish, it’s as dubious and illegal as it get.
And it will definitely end in tears for the majority of people. Buh most people would rather want to fall victim than yield to well-informed advice.
So…sorry for your lose in advance.
That’s not a long list.
TMFP,
There are a lot of legitimate companies that run a Multi-Level Marketing (Network Marketing) business module for promoting their legitimate products or services…
Think about it this way…
Think of any Big organisation…Apple, Coca-Cola, Samsung or any other company…
All these companies allocate very huge sums of financial resources in marketing their brand…and this resources goes to media houses (television & radio advertisements), social media ads or even celebrities (celebrity endorsements).
In that same token, other legitimate companies as well use the MLM module as a marketing strategy… but the payouts goes to the associates and not the media houses or celebrities, but individual associates receives the pay.
There are a lot of companies that fall within this industry.
And yh! It’s a very lucrative industry
So…pyramid schemes like Million Money hurts the reputation of those kind of industries
And just so you know, there are studies that suggests that the Network Marketing industry is the top 2nd to have produced the most millionaires globally with no. 1 being the Real Estates industry…
Cheers.
Of course is 2nd who made billionaires!!
And u know why? Because they can convince people. I do not say u cannot do money bit is not for evwrybody though.
Yes, the majority of people will lose money. Also, the majority of people are stupid, tou want to be like them?? You want to be behind living in fear? Not doing anything because it’s a little illegal…
Legally u don.t make money either if ur lucky either of u avoid (bend) the law.
Im not an expert on MLM. I make my mpney withnreal inveatments and trading. I know what means to sweat for money when us30 is dropping like hell or when os surging!!
Enter real investments and trading. Is a very vedy nice world. If u enter here u will become a broken “investor”.
The 32ETH is earned after all your last 32 downliner reach level 5 and @ pays you the 1ETH therefore you get that 32ETH.
So don’t be so dumbass, inorder for that 32ETH to be obtained 2,046 peoples will be scammed to pay that 0.035ETH about 14,200$.
Therefore all supporting the lk.million.money shit are just scammers supporting other scammers.
Double way is the same.
These programs are illegal, which does not mean that they cannot be done, but since there is no added value, the money does come from the latest revenues.
So illegal on two levels:
1) Money donations between members (Prohibited)
2)Ponzi Pyramid (forbidden)
The only good thing about these programs is that they’re anonymous.
I have studied Smart Contract (I am a computer scientist) and both of these programs respect the payments perfectly.
The interest of using the Blockchain is that it is not falsifiable.
So, illegal yes, but anonymous. It’s obvious that the first income will win
I can’t believe people still fall victim of all this pyramid scheme scammers.
enjoy your million money while it last. I pity the victims because soon the site is gonna enter maintenance.
Like many pyramid schemes before it (cough — MMM, cough — Loom money), Million.money, smartway.run and billionmoney.live offers no products and your money is being invested nowhere. Payment depends on getting more people to sign up to the scheme.
And that’s where the problem lies, all pyramid schemes eventually crashes once the growth rate slows down as it is bound to. Once it reaches peak growth and no new members are joining the system, it crashes.
You can definitely get 32 eth in level 5 from 32 downlines, not because you have to wait for that 32 downlines to reach level 5 too 😀 HAHAHHAA
Level 1: buy 0.035 eth (multiply your 2 direct referrals with level 1 price which is 0.03 eth , 0.03X2= 6eth
same process……
it is simple as this “PRICE OF THE LEVELS YOU’VE PURCHASED WILL BE YOUR MULTIPLIERS”.
So if you purchased level 5 worth 1 eth then that price will be your multipliers for your 32 downlines (32X1eth=32)
The technique is…. secret for now.. hahahahahha but I’ve already clarified it.
Just because people you haven’t recruited get placed into your matrix doesn’t mean math doesn’t apply.
It’s cute how you think you’ve uncovered matrix gifting secrets though.
This is a scam…. That is what they are telling me now.. How can u use 4k to get 3m in 100 days..
stupid pyramid scheme. Typical illegal MLM crap with an ethereum smart contract twist.
Refer 2 people who in turn refer 2 and on and on it goes.
The first set of adopters are made rich…then when this whole million money thing crashes and the bottom feeders lose everything ……wonder why people dont see how this is still illegal.
Am also beginning to see this as a scam. A friend of mine wasnt gifted even after having 64 downliners.
Based on my knowledge of cyber security, this is simply known as an organized pyramid scheme. It’s ponzi and it’s scam.
Irrespective of how it may seem. Like it or not you will all believe OZ in the end..
Have you guys ever thought of were the payment given comes from? they’re not charity I guess…they have a plan.
Please be wise.! Be safe.!! God bless us.
Million money is a ponzi scheme. Don’t join.
As for me the million money program is not a scam because you are not the only one earning Ethereum it depends on how you organize your team.
Is not as if you are the only one earning Ethereum from members every member in ur structure will be earning as long as I bring my two you bring your two we bring our two together.
If you can manage to reach level ten the system will return you back again to level one and with ur team work you can do it again.
Don’t forget the system is decentralized the funds moves from wallet to wallet of the participants. Thanks.
Math is math. The majority of participants in gifting schemes are guaranteed to lose money.
Like most gifting schemes over the past decade. And mostly into the admin’s preloaded positions. Herp derp.
Thanks, the truth have been spoken. It is a program some people contributed for others to enjoy. It’s truth, finally it will get to the turn of the last person that no one will contribute again, then somebody will loose.
It will be better if it is peer to peer.
Like ten people come together, contribute today for number 1.2nd day the same, until the 10th person received. In that there will be no defraud.
Gifting schemes are fraudulent in and of themselves. Claiming they aren’t fraudulent is another layer of fraud on top of that.
Wait a minute, OZ and the likes… Why are you guys so bittered? Is there anyone pointing a gun at you to join million.money?
“Gifting is illegal, million.money is scam…” Is anyone forcing anyone to join? How much are we even warning people against here? About $10? Is that so much amount of money for one to ‘risk’ on something that can bring back millions? Or are you just envious of the founder million.money or its members of million.money that are making it already? Which one?!
You have to try and differentiate illegal from scam. Even Bitcoin and Ethereum are illegal in many countries around the world, but does that make bitcoin or ethereum scam? No! My own understanding of scam is when you promise anyone something in return for their money or any valuable, you got the money from them and refuse to give back to them what you promised. But has million.money failed to deliver on its promise? The answer is NO!
They system is designed and conditions its participants with a compulsory referral of two people (directly or indirectly. And the participants understand that and joined. If a participant or his/her team fails to carry out the task and for that reason does not get payment, do you blame that on the system? Is that what you call scam?
Has there been anyone who got everything alright and does not get paid on million.money platform?
All I know is that, with the use of Ethereum smart contract and blockchain, million.money is decentralized! And for that reason, it is safe for anyone to join and make money from it. It is simple. Understand how it works. Be ready to do what it requires. Join. Make your money! This is crowdfunding!
You can’t compare million.money to all those ponzi schemes an individual or group determines who to pay and who not to pay, when to pay and when not to pay? Million money distributes all transactions to due members’ wallet automatically. Do you know that?!
Many of you saying million.money is a scam only know how to write and criticize other people’s innovations and efforts. Even though it’s a scam, (Ozedit: waffle removed, see below)
Whether anyone forces anyone to join Million Money is irrelevant with respect to it being a gifting scam.
1. Nobody makes millions in $10 gifting scams.
2. How much the entry fee is is irrelevant to Million Money being a gifting scam.
That’s one type of scam. Others, like Million Money are gifting scams.
Math guarantees the majority of gifting participants lose money.
This in and of itself is illegal due to it being pyramid recruitment. Telling participants they have to recruit doesn’t make Million Money any less of a gifting scam.
Whether Million Money has collapsed or not yet is irrelevant to it being a gifting scam.
Buh muh blockchain! doesn’t legalize illegal gifting scams.
Whether gifting payments are distributed automatically or manually is irrelevant to Million Money being a gifting scam.
Instead of writing paragraphs of waffle. Just own your thievery. Million Money is a gifting scam and you don’t give a fuck as long as there’s money to steal.
Own your thievery and stop making excuses for scams.
@Bryang
You moron. How much is US$ 10 in ZAR today? What does the average South African earn and live on per day? I’ll give you a clue. It isn’t ZAR 134.
Why do you use Americanised spellings instead of the Standard English used in SA? You scream “scamster”
I keep wondering how some people will not just reason with their heads. Coming to promote something that is illegal all because you have already joined is the height of wickedness.
Million Money is pure scam and there is no two ways about it. Join at your own peril.
Even if I join something similar, I will always tell people it’s scam and warn them not to follow me and join. Any money gifting is illegal and bound to crash.
You guys should be sincere over 800 persons is needed to reach level 5
Level – 2
Level2 – 15
Level 3 – 126 (,8 downline to bring 14 each)
Level 4- 424(16 downline to bring 32 each) and so on.
Am a victim oh don’t fall for one.
Just to clarify everything about million money. I believe that million money is a smart contract not a scam. It is a business that you need to look after like any other business there is always risk at any profitable business.
If you manage your money and explain properly to your partners million money is a real business. Most people they dont know how to manage it that’s why they call it scam. I love the fact that no government (Ozedit: derails removed)
Million Money is a gifting scam run through a smart-contract script. Stop making excuses for scammers.
Enzo, being a “smart contract” or using a cryptocurrency is no defense against laws which make gifting clubs criminal in a given jurisdiction (see Michigan and Indiana for clear-cut examples).
Buh, muh smart contract…
it seems people never seem to recognize “old wine new bottle”.