MMM BTC Review: MMM Nigeria Ponzi clone
There is no information on the MMM BTC website indicating who owns or runs the business.
The MMM BTC website domain (“mmmbtc.online”) was privately registered on November 27th, 2016.
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.
The MMM BTC Product Line
MMM BTC has no retailable products or services, with affiliates only able to market MMM BTC affiliate membership itself.
The MMM BTC Compensation Plan
MMM BTC sees affiliates invest funds on the promise of a 15 day 100% ROI. This works out to a 200% month ROI.
A 5% referral commission is paid out on deposits by personally recruited affiliates.
An additional 5% is available on downline commissions (multi-level), however specific qualification criteria is not provided on the MMM BTC website.
The MMM BTC compensation plan also mentions a 5% “fast pay bonus”. In MMM Global styled opportunities, this is typically a bonus paid when an affiliate deposits money within a specific timeframe.
Joining MMM BTC
MMM BTC affiliate membership is free, however affiliates must invest $10 to $10,000 in order to participate in the attached MLM opportunity.
From the MMM BTC website;
We are no other than a team, voluntarily helping each other connected as one Family Bound by ONE IDEOLOGY, THE MMM IDEOLOGY.
ALL THANKS TO our inspirer MR SERGEY MAVRODI, for coming up with a wonderful and brilliant idea to Drive away poverty from peoples lives forever we will everly remain greatful to HIM.
MMM BTC is yet another entry in the long-running MMM Global Ponzi saga.
Using the same “provide help, get help” rhetoric, MMM BTC affiliates invest funds on the promise of a 200% monthly ROI.
That ROI is funded via subsequently invested funds, making MMM BTC a Ponzi scheme.
The recent collapse of MMM Nigeria is perhaps most pertinent, as Alexa estimate that 73% of traffic to MMM BTC originates out of Nigeria.
MMM BTC appears to have been set up in competition with MMM Nigeria and primarily targets Nigerian investors. In all likelihood MMM BTC is also run by one or more Nigerians.
MMM Global, like any other Ponzi scheme, is unsustainable in the long-term. Offering a 200% a month ROI, MMM BTC isn’t even temporarily viable in the short-term.
As with MMM Nigeria, eventually MMM BTC will collapse and leave most investors out of pocket.
Those in Nigeria who fell for the MMM Global Ponzi scheme the first time have learnt that lesson this past week. Don’t make the same mistake again in MMM BTC.