MMM isn’t a company, organization or any kind of business. Being not as such, MMM Community doesn’t, accordingly: possess a personal account, render any services and enter into legal relations with anybody. MMM – is a consolidation of physical persons with the aim of giving mutual help to each other and changing the character of financial relations among people. To reach this aim MMM has an operative ideology, effective scheme of mutual payments, offices in different countries, a plenty of official and private sites of participants, as well as the database of the given participants. In other words there is nobody who transfers funds to MMM or gets funds from MMM. The Community is just connecting (is presenting contact details) people who wants to give help with those who want to get it.
2. Is MMM A Pyramid Scheme ?
A classic pyramid scheme (or Ponzi scheme) is an investment project in which the participant is promised to get a quick profit if he invests his funds in profitable business projects. But in reality, the organizers of this investment project are frauds, they deceive their customers: money will not be reinvested, the early participants get money from later ones.
In this sense, MMM is not a Ponzi scheme. Because MMM is not an investment project. In MMM there are no promises or guarantees. In MMM money is really redistributed between participants and it is not invested anywhere. Participants receive more than they gave, just by increasing the number of the Community members.
The redistribution of money in a pyramid scheme is just one of the instruments of mutual assistance. If the flow of participants is low and even stops completely, the Community work will not stop, but other algorithms of donation exchange will be used.
The pyramid scheme has now become a widespread model for financial institutions. They do not create new products, but attract new customers and money to pay the “old” customers. So all the banks, insurance companies, projects, multi-level marketing, and in general any company, drowning in debt, began to work on a pyramid scheme.
However, MMM is not a financial institution. Except the different set of algorithms of functioning, in MMM there is (and this is very important!) a goal and ideological people willing to work to achieve this goal. When the Corporation becomes unprofitable, it becomes unnecessary for its owners and it closes down. For example, for Microsoft money is a goal. For MMM money is a tool. That is why MMM is stronger than any financial institution. Illustration of a long-term functioning of the MMM Community is its existence for 4 years already (since January, 2011).
3. Is MMM a Multi Level Marketing Project ?
No, it is not. There aren’t any products or goods to be sold or consumed. The main idea of MMM is that giving money has to be on a mutual basis and mustn’t be caused by rendering services or performing sales. Compared to MLM projects participants of MMM aren’t bound to invite new participants. Needless to say, that informing your friends and people you know about the Community is welcome. But even if you aren’t going to invite anybody, in line with others you’ll be able to provide and get help in any case.
4. What's the difference between MMM and crypto-currency (Bitcoin, Litecoin and others)?
There is a conventional currency unit – mavro – used in MMM. It specifies the amount of help you provided to other participants. However mavros profoundly differs from bitcoins and other crypto-currencies. Crypto-currencies are a speculative tool. They are purchased through the exchange market and their rate fluctuates due to supply and demand index. In MMM participants do not take part in a stock jobbing, but directly give money to each other. Therefore in functional approach it’s much easier to participate in the Community than to deal with crypto-currencies. You won’t need any stock knowledge to open a bid, to pay fees to stockbrokers, etc. Everything is as simple as possible: enter the personal office (PO), indicate what amount you’d like to grant or accept as a gift. Both a recipient and a sender of help are chosen automatically, you transfer and get funds – and that’s it!
5. Is it possible to earn money in MMM?
Since MMM isn’t an economic project or agent, money here isn’t earned but granted. There aren’t any guarantees that you’ll be granted more than YOU granted. But if in a certain period of time after your provision of help the number of our Community’s members increased, the more likely that they will be able to assist you on a higher amount (see the section on Mutual-Aid Programs). Of course, there are different periods, as well as everywhere where money is circulating: its participants are also sensitive to external events and news background. There were moments in the history of MMM when the number of requests for help exceeded the number of applications for its provision. In the light of this experience, the MMM Community has developed a number of mechanisms that give participants an opportunity to wait out the difficulties and finally get help for a higher amount than they have provided. The highly effective strategy of participation in MMM – is regular donations of small (non-critical for you) sums of money and a regular request for help as needed. This strategy means that it is unlikely that sooner or later, you don’t go out into a plus (see the section on Risks). But remember: the main thing is not to get more than you gave, it isn’t “a profit-making business”, but the process itself for getting and providing help.
6. Is it possible to lose money in MMM?
Since MMM is neither the bank nor the investment project, then, strictly speaking, losing your donated funds is impossible because there are no invested funds themselves, and therefore being provided as a gift they cannot be considered a loss itself. But it is possible that you have given help worth more than received. Therefore, in the interests of psychological safety, it is necessary to give help in the amount that you are willing to give gratuitously. At the same time, it’s quite logical and predictable that anyone who regularly grants money in the future will get more than granted, because the number of participants in the community of MMM is constantly growing.
7. What is the goal of MMM?
The purpose of the MMM is to motivate unknown people to give each other money without any conditions, within the frame of a fund or mutual aid bank. And thus evolutionary to change the character of socio-economic relations. Unlike charitable institutions that offer help for people who found themselves in a difficult situation, MMM has reciprocal assistance: all help all people, everyone helps everyone. This opens the way to a new, more humane and fair society in which the motivation to work will no longer be of a hard financial character.
8. Who is participating in MMM?
Any person over the age of 18 is able to join the MMM Community. There is absolutely equal treatment to members of different age and social groups, work status and political backgrounds, countries and religions. The Community doesn’t contrast people one against another and doesn’t act on the principle of “divide and conquer”. In the contemporary world, it is impossible to live alone, people have something to give to others and something to take from them. Everyone contributes to the common good. Therefore, MMM doesn’t put any barriers to membership in the Community. It is a new level social network where people not only communicate and get acquainted, but also help each other financially and thus combining the idea of social networks and crowd funding in a single entity.
9. What is a ‘Personal Office’ (PO)?
This is the main operating program of MMM, it’s a kind of interface – the personalized section of the site, available for registered members. The Personal Office displays information related to membership in the Community, it’s possible to get, provide and confirm help, to enter and edit your personal contact details, to register newcomers and manage their PO, to select a referrer and a manager, to have support from consultants, to enter into a direct relationship with the recipient or assistance provider, adjust the time of delivery/receipt of help, etc. You should donate money only through Personal Office (PO) and only after you created a request for providing help for a certain amount. Access password in PO is sent to a participant after the registration. Logging in your PO and key transactions on funds withdrawal or change in account should be made only after SMS confirmation by the phone. The most frequently visited sections of the PO are desktop where you can find the information part of all operations, and “Mavro”, where you can get acquainted with the current status and expectable growth of the funds on your account,. Particular attention should be paid to the accuracy of filling in the “accounts” section. So that incompleteness or inaccuracy in bank details don’t cause any problems. In case of blocking of your PO due to violations of the rules, the only available operation remains is to contact feedback in order to learn the cause of the blockage and the conditions of its withdrawal.
10. Who is referrer and referral?
A referrer is a participant of the Community who invited another participant. A referral is someone who was invited. If you registered a new participant or he registered himself by your invitation code, then you’re a referrer, and he is your referral. In PO in the section “Participants”, you can see the list of your referrals (there may be many of them). The referrer gets a referral bonus of 10% every time the referral provides assistance to others (about the amount of a referral bonus, see more details in the section on “Bonus Program”). Any newcomer who came through your referral link will be directed to the registration page of MMM’s website, where he will be automatically considered your referral (your referral link can be found in PO in “My page” and in “Participants – referrals” sections). To place your referral link on other Internet resources you must copy it in the body of the message.
11. What does 'invite' mean?
This is a verbal invitation code from a participant of MMM, owing to which he can invite other people into the Community and get a referral bonus. For this purpose newcomer writes an invite of inviting person in the appropriate section of the registration form. From that moment on, he becomes your referral. To get a personal invite, go to PO in the section “My page” and specify the meaning word for it. To attract new members by using the invite there are many possibilities depending on the personal creativity and imagination. The most popular of them are:
- handing out business cards;
- distribution of leaflets and booklets;
- participating in the online forums for advertising and shopping sites, personal sites and blogs;
- supporting any distributed promo-advertising materials with the text “by registering in MMM, please use my invite (indicating it further)”;
- opening of MMM clubs in your city;
- charity activity on the behalf of the MMM Community.
12. What is referral link?
The referral link is the Invite’s analogue, but it is more convenient to attract new members through the Internet.
A person coming to the system through your referral link will be automatically redirected to MMM register page. After registering he automatically becomes your referral. Afterwards, you can receive referral bonuses from the deposits made by the new participant.
The referral link can be found in the MMM PO in the “My page” section, in the “Referrer” inset or in “Participants-Referrals” subsection.
All you need to do – is to click “Show my referral link”, which will open a new window, and copy all the text in the field.
12. What is mavro?
Mavro is a conventional unit for measurement of participant's contribution in MMM. For instance, if a participant has granted $100, he receives 100 mavro-dollars. Possible Mavro’s growth rate is 20% - 100% per month. The amount of mavros in the participant’s PO shows the maximum amount of assistance he can ask for. For example, if the participant has 100 mavro-dollars, he can ask for $100 assistance. The number of growing mavros and progressive calculation of the amount of help can be seen directly in your PO in the section “Mavro”. Attention! Mavro is not a currency, it is not any kind of debt obligation or other form of financial assets. With mavros, you can’t buy any goods or services. At any time the number of mavros, rate of growth and the types of mutual-aid programs can be changed in the interest of the stability of the Community in order that participants continued to get help.
13. How many times is it possible to make and to receive donations?
It is unlimited. You can provide assistance even if there is a current request to receive assistance. However, you cannot activate more than one request of assistance at the same time. During this time, you also will not be able to make any changes in the section “My page” and “Accounts”, so you should check in advance the correctness of your data before the request for assistance.
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