In september, 2016, I wrote about MMM in Nigeria trying to point out if it’s a scam or not. Read on about that here.
Today, MMM Nigeria has been song about and has been the discussion you find on the lips 2 out of 3 persons. Pastors and even member of National assembly are all participant, guider and member of MMM Nigeria. To this end, I want to talk more about MMM Nigeria and also take you through the MMM Nigeria registration process for those interested in joining because I heard some people are collecting money from people to register them as participant in MMM Nigeria Scheme.
How does it work?
So let’s say for instance you provide help of 100k today, at the end of the month you are entitled to earn your 100k + your 30% which makes it = 130 thousand naira collectible at the end of the month (within 30days)
The *IDEOLOGY* behind MMM is to make the exchange of money fairer between people and also to create a world of financial freedom where people can assist themselves to carry out projects or meet their needs without having to rely on financial institutions who in turn demand immongus interests
Hard break down
If you decide to put back the #13,000 into it, you make 30% 0f #13,000,
30% of #13,000 = #3900
#13,000+ #3,900 = #16,900
Now what if you decide to put back the whole new cash growth back into it,
30% of #16,900 = #5,070
#16,900 + #5,070 = #21,970
and so on.
The picture below gives a detailed explanation
How does MMM generate 30% to pay participants?
This is a question that can never stop being asked. I have tried explaining this to severally persons BUT its like “magic” to so many. I understand everyone’s fears that’s why I will break it all down further mathematically below.
100 donations came in from 100 participants @2,000naira each = 200,000naira
In order for the 100 donations to be paid their 30%, that means 60,000naira extra donations must come in.
The BIG QUESTION is, HOW?
Here it is:-
The 60,000 naira would come in through:-
(1) Regular GH and re-PH from the 100 donations done by the participants.
Here is the maths:-
50 participants GH all their earnings + Principal donation = 130,000 naira.
Total left over PH balance = 70,000 naira
The remaining 50 then needs 60,000 naira to get their own 130,000 naira paid too.
The first 50 paid 130,000 naira total then re-PH back their 100,000 naira (maybe keeping back their total profit of 30,000 naira)
That then adds up to the 70,000 naira available to pay the 50 participants left (130,000 naira).
++ So, the cycle continues on and on for as long as the principle of Regular GH and re-PH remains!!! +++
This is just d same Principle Banks work with. That is why it is possible for just a deposit to serve 10 – 20 withdrawals.
And they pay you little interests for using your money to keep the redistribution process going!!
(2.) New donations coming in through participants referring others to the community. This keeps the system consistently growing!! Every business (offline/online) needs new sales to survive..
Always remember that in MMM there is
++ No Company Account!! Mavrodi can’t wake up one day and ghost off with the money since we are not paying to his account.
++ You bank account/bitcoin wallet is MMM’s account.
In MMM it is not a must to refer before you can earn! But if you do refer, you will earn 10% referral bonus on what your referrals provide as help
So having read and need more clarification on this, feel free to contact me via the comment section of this post.
How to Register with MMM Nigeria & Start Making Money
So having read and need more clarification on this, Click HERE to register for free. Do you have any trouble trying to register? contact me via Whatsapp or call : 08186866200
Stop crying around saying you don’t have a job or your salary is not sufficient, even if its sufficient you can be a participant.
Together we change the world.
Stop crying around saying you don’t have a job or your salary is not sufficient, even if its sufficient you can be a participant. People are making huge cash out of this!