Welcome to my Million Money review!!
If you have been introduced to the Million Money program and you are looking for an honest and unbiased review of Million Money to make an informed decision, you are in the right place.
If you are at your first time on this website, let me introduce myself!!
I am Sebastian, Journalist (a Job I love) by day, and a side blogger by night!
I’ve been scammed by scams and bogus sites in the cryptocurrency and MLM industry a couple of years ago.
Through this site, my goal is to help you avoid certain programs that promise you heaven and earth, while in reality, it’s just some disguised scams.
If you land on the Million Money website, it seems Million Money is the best and safest way to make money in 2021.
The first phrase state that: “smart contract, the fastest, easiest and risk-free way to earn 1500 eth every 100 days”.
Hype and sales pitches or reality?
Read until the end to discover the ugly truth!
In fact, who doesn’t want to make 1500 ETH or $276 123 every 100 days? Everyone wants it.
But the meaningful question is that is it a legit and risk-free way to make 1500 ETH every 100 days as the hidden owner claims, or just another BIG scam?
That’s what I will answer through my review.
Without further ado, let’s dive in!
- Million Money review summary: Company overview
- What is exactly Million Money about?
- How does Million Money work?
- Who is the founder of Million Money?
- How much it cost?
- Does Million Money have any products to offer?
- Isn’t it a crowdfunding platform?
- Million Money’s compensation plan
- Million Money review: Is Million Money a scam?
- Million Money review: Some red flags I discovered
- Million Money review: my FAQ
- My final thoughts
- Up to you…
Million Money review summary: Company overview
Company name: Million Money
Products/service: any product or service
Price to join: $5 (0,03 Eth)
Legit or scam? – Scam
SOW YOUR SEED TODAY rating: 1/10
Do I recommend this? – NO!
What is exactly Million Money about?
Million money is Ethereum cash-gifting pyramid scheme that uses the Ethereum smart contract as a selling point. Just like the Coop5050 cash-gifting pyramid scheme, I reviewed last month, Million Money is just a matrix-based gifting scheme, an illegal MLM company that uses Blockchain technology (Smart Contracts) to make people trust there are no risks for joining their program.
Yes, a smart contract is a safe way to exchange money, property, and anything of value in a transparent, conflict-free way without the need of an external trusted authority.
However, like any human endeavor, the Ethereum smart contract is not 100% safe.
In fact, a survey conducted by Nicola Atzei, Massimo Bartoletti, and Tiziana Cimoli reveals some vulnerabilities in this technology.
That’s what they say about the Ehtereum smart contracts in their survey report you can download here.
The fact that Ethereum smart contracts are executed correctly is a necessary condition for their effectiveness.
However, the correctness of executions alone is not sufficient to make smart contracts secure. Indeed, several security vulnerabilities in Ethereum smart contracts have been discovered both by hands-on development experience, and by static analysis of all the contracts on the Ethereum blockchain. These vulnerabilities have been exploited by some real attacks on Ethereum contracts, causing losses of money.
My concern is not with the Ethereum smart contract technology. It is well secured and transactions can be done in a transparent way.
But my problem is with Million Money’s founder who stands behind this technology while claiming that investing in their program is risk-free.
This is a pure lie because those who risk absolutely nothing here are the ones at the top of the pyramid (the founder, his friends, and those who joined the program at its pre-launch).
By the way, these are their claims:
- Absolutely no risk,
- The system cannot be hacked,
- Simple and fast marketing,
- Passive income every 100 days,
- Long term,
- step by step training and VIP training courses ,
- sales funnels.
The pure truth:
- There are no sale funnels and those who know what a sale funnel is can”t say otherwise. You just get an affiliate link.
- They claim they offer training and I am wondering what kind of training they offer while members are struggling to make money with their system.
- Long term? As for me, this is a short term program that will collapse very soon.
Don’t get angry. I know what I’m saying. Let the time be the judge and if you want to join go ahead.
Also read: My Bitcoin Daily review
You know what Million Money is, let’s move into the next section of my Million Money review to find out how does it work?
How does Million Money work?
Like any pyramid scheme program, Million Money has no product or service on the back end.
This is just a peer-to-peer donation program (not crowdfunding either) where members donate their money expecting to receive donations from the ones they will recruit.
That said, there are no products or services to promote. Money is generated based on the recruitment of new people to the system.
Here is how the system work:
First off, you need to download the Metamask wallet (if you use a computer) or Trustwallet (if you use a Smartphone or iPhone).
After that, you need to buy an entrance position that will cost you 0,03 ETH (about $5). This amount goes directly to your upline pocket and you need to refer 2 people to the system and they are also required to get 2 other people and so on until 5 levels deep.
To move on from one level to another level, you need to donate a part of the amount of money you received from your downlines to your upline.
If not, you will lose your profits, and money from your downlines will not be allocated to you.
Sick and tired of scams and bogus sites, check out this platform that helped me add a 4 digit income to my day job salary.
Who is the founder of Million Money?
Million Money domain name is registered privately and the company doesn’t provide information about who owns or runs it.
This is not new in the MMO space, because this is exactly what those who create scam sites usually do. So they can still set up other systems to rip people off again.
Other programs called SmartWay.run, Billion Money that works the same way has also just been launched. Who knows if it’s not the same folks who run Million Money that started this one too.
How much it cost?
The cost to join the Million Money cash-gifting scheme is 0,03 ETH. This is about $5 because 1 ETH equals $166,40 at the time I was writing this Million Money review.
Does Million Money have any products to offer?
No, Million Money has no product or service to offer to its members. It is just a peer-to-peer donation program.
Isn’t it a crowdfunding platform?
The first impression you may have is that it is crowdfunding! And giving or receiving a donation is legal!
Yes, you are right! Crowdfunding is legal but according to how Wikipedia defines crowdfunding, Million Money is not a crowdfunding platform.
This is an unethical business model and it will be very hard to convince people to join you in this program.
In fact, a crowdfunding platform is legit if only the one who gives a donation doesn’t expect a reward in return. But as long as you give a donation to others in order to be qualified to receive money from other members who will register after you, it becomes illegal.
As this point is clear, let’s move into the next step of my Million Money review, to learn about their compensation.
Million Money’s compensation plan
Million Money compensation is structured on a 2×5 matrix.
Here is how the compensation plan is structured:
- Level 1: You donate 0.03 ETH to your upline and you receive – 2×0.03 ETH from your downlines.
- Level 2: You donate 0.05 ETH your uplines and you receive – 4×0.2 from your downlines
- Level 3: You donate 0.1 ETH to your uplines and you receive 8×0.8 ETH from your downlines.
- Level 4: You donate 0.4 ETH to your uplines and you receive 16×0.4 ETH from your downlines.
- Level 5: You donate 1 ETH to your uplines and you receive 32×1 ETH from your downlines.
Once you reached level 5 of the first matrix, the second begins.
- Level 1: You donate 2.5 ETH to your upline and you receive – 4×2.5 ETH from your downlines
- Level 2: You donate 5 ETH your uplines and you receive 4×5 from your downlines
- Level 3: You donate 10 ETH to your uplines and you receive 8×10 ETH from your downlines
- Level 4: You donate 20 ETH to your uplines and you receive 16×20 ETH from your downlines.
- Level 5: You donate 40 ETH to your uplines and you receive 32×40 ETH from your downlines.
Your net profit in these first 100 days is 1665.4 ETH – this is about $276 123.
Million Money review: Is Million Money a scam?
After you’ve read all this, do you still wonder if Million Money is a scam or not?
Let’s face it!!
1. Million Money has no products or services that it offers to its users. Therefore, it is not a legitimate MLM company.
2. Million Money is also not a crowdfunding platform because members give donations expecting donations from other members that will join the platform after them. That is illegal too!
3. The Federal Trade Commission (FTC), states that “any business or program that generates profit focusing on recruitment than selling product/service is illegal“.
So I have to conclude, Million Money is a scam.
Still not convinced?
Let me show you some reg flags I discovered:
Million Money review: Some red flags I discovered
Reg flag #1: The owner hide is identity
A legitimate company should not hide the founders’ identity.
As I pointed it above, they’re doing this so that they can create other similar programs and still rip people off. And Billion Money smart contracts, FOMO5K, and eTrust.Money are his “younger brothers”
Reg flag #2: The lie about the number of participants
t the time I was writing this review, Million Money indicates on their website that they have 75958 participants with 7540 ETH paid to members.
This is false and I will prove it to you.
See the image below ??
This is exactly what Dappradar, the most trusted source of DAap (Decentralize Application) data analysis company shows us: Million Money is classified #3 ETH high-risk DApps in the world with only 261 users while they claim they have 7259 users on their website and investing with them is risk-free.
Million Money review: my FAQ
What is Million Money?
Million money is Ethereum cash-gifting pyramid scheme that uses the Ethereum smart contract as a selling point. It is just a peep to peer donation program with any product on the back end.
Can I make money with Million Money?
That depends on your skills and marketing capacity. If you are good at recruiting and have good communication skills, maybe you will be able to make money with Million Money.
Is there a money-back guarantee?
No. There is no money-back guarantee. Think twice before you invest your money. Once in the pocket of your upline, there is no way to get it.
Is Million Money a BBB accredited company?
No. Million Money is not a BBB accredited company.
Is Million Money a scam?
As for me, Million Money is a scam since it doesn’t comply with low. A pyramid scheme is illegal.
My final thoughts
I’m sure if you’re here, it’s because you intend to join this program. But you want to make sure that Million Money is worth your hard-earned cash.
$5 is nothing and investing 0.003 ETH one time and expecting to earn 1500 ETH in 100 days seems to be a good deal.
The truth is that you are helping to make those scammers rich with your “$5 is nothing”. And when their masks fall off they will disappear and you have to look for a new opportunity again. It is a new cycle that starts.
Aren’t you tired of going around in circles?
I know that it is frustrating when you discover a program you believe in and you see that people’s reviews are not encouraging or motivating.
I was there and I understand the emotion it makes.
But what I want you to know is that my intention is not to discourage you or give you a scam review of a program in order to sell you something else.
Even finding that a program you intended to join is a scam is disappointing, it is even more disappointing to lose your money with a program you believed in.
My goal is to let you know the truth, to expose any program designed to scam those who are looking for some ways to make money online.
If you are looking for a proven and legit way to make money online, make sure you check out the platform that helped me add 4 digits recurring and passive income to my day job salary, where you will get training, support, and tools to build your own online business that will lead you to make real money online.
Read my Wealthy Affiliate unbiased review to find out how this platform can help you make money online.
Not to brag, but just take a look.
Sure this doesn’t happen overnight and you need to put yourself to work.
Up to you…
I think my Million Money review helped you gain a deeper understanding of what Million Money is and how it works.
From now, you have the necessary information to make a well-informed decision.
If you have questions or any experience with Million Money, let me know in the comment section.
Do you enjoy my Million Money review, please spread the word by sharing it with your friends!!
Be an ACTION taker, Sow Your Seed Today!!
To your success!
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