• Casino онлайн
• Ikmillion

Overview on ik million money ethereum smart contract - YouTube

Million Money provides no information on its website about who owns or runs the company. Million Money’s website domain (“million.money”) was privately registered on August 13th, 2018. 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. Million Money has no retailable products or services, with affiliates only able to market Million Money affiliate membership itself.

Бездепозитные бонусы казино с выводом за регистрацию ТОП.

Million Money affiliates purchase 0.03 ETH subscription positions in a two-tier 2×5 matrix gifting scheme. A 2×5 matrix places an affiliate at the top of a matrix, with two positions directly under them: These two positions form the first level of the matrix. The second level of the matrix is generated by splitting each of these two positions into another two positions each (4 positions).

Levels three to five of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level. Positions in a Million Money matrix are filled via direct and indirect recruitment of affiliates. As positions fill within an affiliate’s matrix, the following commissions are paid out: Note that all level payments within Million Money are 100 days recurring.

Million Money affiliate membership is tied to at least one 0.03 ETH matrix position purchase. Note that this is a recurring one hundred day subscription fee. Full participation in Million Money’s income opportunity costs 78.99 ETH every one hundred days. Million Money bills itself as a “smart contract” that provides In reality Million Money is a matrix-based gifting scheme. Literally the only difference between a typical matrix-based gifting scheme and Million Money is the use of ethereum.

Angelspecification - Blog

New Million Money affiliates are recruited and gift ethereum to whoever recruited them (matrix position purchase). This payment in turn qualifies new affiliates to receive gifting payments from those who join after them. As with any gifting scheme the scheme falls apart when recruitment slows down and eventually stalls.

Most of the money paid in winds up in the hands of Million Money’s admin. This takes place through one or more preloaded admin positions.   Whatever’s left is gifted to early adopters, with everyone else mathematically guaranteed to lose out.  

you had thought people will open their eyes and make smarter financial decisions this 2020 then you’re sadly mistaken. Enter Million Money system — a system that sprang up late 2019. (And its child-company started 2 months ago and works the same way.

popular in India also works the same way)The first sticking point for How Million. Money began(Note: Consider this also a review and review since the 3 platforms work the same way. This review will however give special focus on million money which is where it all began)So there are no new ideas anymore.

Rahapelitutkimus PDF-muodossa. Suljetaanko kasino Moskovassa?

Apparently a group of Russians (or someone) somewhere sat down and thought “how do we make illegal MLM Pyramid Schemes great again? ” Then in a eureka moment one of them must have suggested, “Ooh let us deploy it on the Ethereum blockchain.”Yes the founders of million.money apparently figured they could use Ethereum smart contract as a selling point for a very unoriginal MLM (Multi Level Marketing) idea. With smart contract implemented, the anonymous founders indicated (on their website) that the system will be completely automated with payments secure and automatic. And here’s prove that million money founders (scammers? ) know what they’re up to and that Pyramid schemes are illegal in many countries; they know the website could be shut down at any time by the government and have devised a way around that. See the screenshot of a section of the million.money website assuring interested participants that no one will be able to shutdown the system since it makes use of blockchain technology and also in their various groups their moderators tell people that the scheme will stay running even in the event that government decides to shutdown the website. From start to finish million money is as pyramid scheme as it gets. An illegal MLM that implements smart contract is still an illegal MLM. Million Money program is so unoriginal, I find the idea boring and almost felt it unnecessary to write this review.

Only gullible ones will buy into the gimmick and we all know the world will never run dry of these people. 2020 is shaping up to be another year of the gullible.