Million Money Review – A Nasty Cash-Gifting MLM Scheme!
Welcome to my Million Money review!
Cash-gifting schemes are one of the most popular disguises that Ponzi and pyramid schemes often use to get people into their program.
After all, it’s gifting cash to someone, so there’s no harm in it, right?
Well, the business model is downright faulty and does not even guarantee any income at the lowest levels. No one’s making any money except for the people at the very top. I am talking about 5 to 20 people making money off of a hundred members.
Today, we’re reviewing a cash-gifting MLM company that uses cryptocurrency as its main reward. This is Million Money.
First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.
That's the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I'm not associated with Million Money in any form.
So, rest assured that I'm not here to pitch or sell anything to you.
Instead, I'm here to reveal what this scheme is about...
Million Money Review Summary
Product Name: Million Money
Founder: Not disclosed
Product Type: Cash-Gifting Scheme MLM
Price: 0.03 ETH minimum + other purchases for positions!
Best For: NO ONE!
Summary: Million Money is a cash-gifting MLM scheme that promises a lot of income, but it's not what it looks like. It's literally a Ponzi scheme and it's got several red flags that we uncovered.
What is Million Money?
I don’t know about you, but whenever companies have CASH, EASY, MONEY or MILLION anywhere in their names, it’s usually a bad company. Call it gut instinct. We’ve reviewed quite a handful of companies with one or more of these words in their names and have turned out to be scams.
Million Money is a MLM or multi-level marketing company that provides an income opportunity via cryptocurrency. Their crypto of choice? ETH or Ethereum. But this is not an investment program or service.
Rather, the business model is built around a MLM cycler that allows you to fill it up with members before you’re issued a commission. We’ll explain more of that in the next few sections.
Now, we tried to find out who’s the owner of the company or where they’re located, but that’s a well-kept secret. There’s no information on their landing page or anywhere on the Internet about the people behind the program.
And of course, we did our WhoIs research to check out who owns the domain, but even that turned out nothing.
Here’s what we found out from their WhoIs info:
The domain name was registered on Aug 2018, and was done privately. This means that the domain owner and its location are kept secret.
What does this mean?
It means that Million Money is doing their best to hide the owners so they won’t be legally liable for what the company is about to do.
Million Money Product Line
Million Money does not offer any retail products or services, which is a huge red flag if they’re classified as a MLM company.
Laws that govern MLM companies anywhere in the world will require them to have at least a retail product or service in order to be classified as a legitimate company. And unfortunately, income opportunity membership is not considered to be a product or service.
Million Money offers just this income opportunity membership that allows you to buy positions into their compensation plan.
If you want to know what the SEC and FTC have to think about companies like these, check out these guidelines:
I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!
Does The Product Work?
Million Money markets itself as a cash-gifting opportunity and powered by a “smart contract” that gives its members “the fastest and easiest way to earn 1,500 ETH every 100 days”.
It’s nothing more than a gifting scheme where the difference between your typical matrix-based gifting scheme and Million Money is the use of cryptocurrency. In this case, it’s Ethereum.
Members are given Ethereum whenever they bring someone into the program, and goes on from there. Members also earn ETH when their recruits bring in people too.
This business model does not last long because once people stop buying positions, the income stops too.
How To Make Money with Million Money?
There’s only one way to make money from Million Money and that is to recruit people through their matrix-based compensation plan.
There’s no other way to make money from this program.
How To Get Started with Million Money?
The cost to join Million Money is 0.03, which is about $11.75 as of this writing (August 24 2020). This is the bare minimum that you’ll have to invest to get into the program.
You’ll then have to fill up your matrices by purchasing a position, which comes at a higher cost.
To fill up the entire matrix, you’ll need to invest 78.99 ETH or $30,949. This will then allow you to earn a commission based on positions filled.
And then the matrix starts over with a new one.
Million Money Compensation Plan
Their compensation plan follows a 2x5 matrix.
This is its structure:
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 matrix begins, and you receive the following commissions:
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.
For the first 100 days, you’re looking at a net profit of 1665.4 ETH, or $652,537 as of this writing (Aug 24 2020).
Million Money Ugly Truths Revealed!
#1 All The Red Flags Of a Ponzi Scheme!
Million Money does not have any retail products or services to offer as a MLM company. This is the biggest red flag of them all. This tells us that Million Money is a Ponzi scheme.
This is not also a crowdfunding platform because members give donations and expect donations to be given to them after they join the platform. That too is an illegal way of making money.
According to FTC guidelines, “any business or program that generates profit from purely recruitment other than selling a product or service is illegal”.
#2 No Owner Information
Another red flag here is that there’s no owner information. They’re hiding the people running the program out of fear of getting caught and going to jail.
#3 They Lied About Their Participants
At the time of writing, Million Money’s landing page mentions that they have more than 75k participants with 7540 paid out to their members.
But this is false.
According to DappRadar, which is one of the most trusted sources for DAAP (Decentralize Application), Million Money is classified as the third high-risk DApps in the world. They only have 2671 users on their program.
What I Like About Million Money?
There’s nothing to like about Million Money. It’s an absolute scam and the red flags are obvious for anyone to see.
This just makes cryptocurrency looks bad because this isn’t how investing in them is supposed to work.
Is Million Money a Scam?
Million Money is definitely a Ponzi scheme, and it’s safe to assume that there’s no way for anyone here to make any real money.
- The incentives on earning money are based on recruitment and nothing else. This is one of the biggest red flags of a Ponzi scheme.
- There’s no owner information, adding to the suspicion that there’s something illegal going on in this program.
- They lied about their participants. They do this to make you think there’s a lot of people involved. The 200 or so people that are listed as active members could be part of the entire scam.
Stay away from this program at all costs!
How I Make a Living Online?
I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.
Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.
The reason is simple...
- You don't have to recruit anyone to make money
- You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
- It's Free to get started
In fact, with affiliate marketing...
I've personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!
Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year's time...
If you want to discover the secrets of how I did it at such a young age, click here!