Million Money Review – Another Crypto Gifting Scam Or Legit?
If you are looking for a detailed Million Money review, then you are in the right place!
One of the things when joining any new company is to know all of the details to determine if it is a scam or not.
I am going to share with you the details about the company, the products, and the compensation plan so that you can see for yourself that Million Money is worth joining or not.
I decided to take a close look at this company due to the social buzz that I was seeing online and wanted to learn more about it.
If you are thinking about joining this company, then it is a good idea that you stay until the end because what you are about to learn might surprise you.
With that said, let’s dig in and see what we can learn.
Table of Contents
What Is Million Money?
Million Money is an MLM company that gives you the opportunity to earn cryptocurrency (ETH) by recruiting others and building a downline or team.
The business model is structured in an MLM cycler which means that you will have to completely fill up one small matrix before a commission is issued to you.
We will take a look at how everything is structured below.
I do have to say that after taking a brief look, it does appear that they don’t have a compliant business model especially after looking at the products they offer, but we will also get into that information below.
The niche that I would say that Million Money is in would be the generic make money online with crypto niche.
One of the things that I like to see when taking a look at any MLM company is to know more about the owner.
This will give me the ability to take a closer look at their background and experience in the company that they created.
Unfortunately, there was no information that I could find out about the owner.
This lack of information sets a bad tone due to them not being transparent.
I don’t know about you, but I would never join a known scammer, and not knowing information about the owner is making it seem like they are hiding something for some reason.
I did take some time to take a closer look at the domain name WHOIS information and here is what I found:
- The domain name “million.money” was registered in 8-13-2018.
- The domain name was registered privately.
Since the domain name was registered privately, I wasn’t able to locate any additional information about the owner with that method.
Not having the information about the owner is really unfortunate and is my first red flag signal.
That is all of the information that I have about the company, let’s continue on and see what type of products or services they offer.
Another great review: Crazy Crypto Club Review – Scam Crypto Deal or Legit? Comp Plan Details
What Products Does Million Money Offer?
In this section of my review, I am going to share with you the products or services that Million Money offers.
After taking a look around, there are no retail products or services that I was able to find.
I don’t even think they even offer any products or services to a member other than the opportunity to make money as an affiliate member.
For any MLM company to be legitimate and in compliance with MLM laws in many countries, they need to offer a retail product or service of some sort.
The lack of any retail offering is labeled a Ponzi scheme.
Another red flag, in my opinion, let’s continue.
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How Does The Million Money Compensation Plan Work?
In this section of my review, I am going to cover how the Million Money compensation plan works and how you can make money with them.
The compensation plan is constructed in a 2 tier 2X5 MLM Matrix compensation plan cycler.
Now, to be fair, the company doesn’t give a lot of information on how their “multiple position” matrix plan works.
But the way that I see it where you have to purchase a new position for each level makes it a type of cycling compensation plan where you have to fill all the positions in that matrix that is designated in order to get a commission for that level.
Then you can use your earning to purchase a position in the next level of the matrix.
I think it is a type of hybrid matrix cycle because when compared to most other MLM cycler comp plans you are required to fill a much smaller matrix in order to move to the next small matrix.
Either way, I will explain the information on how the compensation plan works going by how the company website has it covered.
Here is the breakdown of the cost per position and the number of commissions that you can earn per level on the first Matrix compensation plan tier:
- Level 1 – This level has 2 positions to fill. You can earn 0.03 ETH per position. This level requires you to pay 0.03 ETH to earn on this level.
- Level 2 – This level has 4 positions to fill. You can earn 0.2 ETH per position. This level requires you to pay 0.05 ETH to earn on this level.
- Level 3 – This level has 8 positions to fill. You can earn 0.8 ETH per position. This level requires you to pay 0.1 ETH to earn on this level.
- Level 4 – This level has 16 positions to fill. You can earn 0.4 ETH per position. This level requires you to pay 0.4 ETH to earn on this level.
- Level 5 – This level has 32 positions to fill. You can earn 1 ETH per position. This level requires you to pay 1 ETH to earn on this level.
After you complete the first tier Matrix, you can now have access to the 2nd tier Matrix compensation plan.
Here is a breakdown of the 2nd tier Matrix with the cost per position and the commissions you can earn per level:
- Level 1 – This level has 2 positions to fill. You can earn 2.5 ETH per position. This level requires you to pay 2.5 ETH to earn on this level.
- Level 2 – This level has 4 positions to fill. You can earn 5 ETH per position. This level requires you to pay 5 ETH to earn on this level.
- Level 3 – This level has 8 positions to fill. You can earn 10 ETH per position. This level requires you to pay 10 ETH to earn on this level.
- Level 4 – This level has 16 positions to fill. You can earn 20 ETH per position. This level requires you to pay 20 ETH to earn on this level.
- Level 5 – This level has 32 positions to fill. You can earn 40 ETH per position. This level requires you to pay 40 ETH to earn on this level.
There is also an additional requirement to stay commissions qualified and to not lose any current or future commissions.
The requirement is that you must renew your fee for every level that you are active on every 100 days.
This is all there is to how the compensation plan works and how you can make money with the Money Million opportunity.
With that said, let’s answer some questions.
Another great review: TradeXLine Review – Is It A Scam? Compensation Plan Details
My Money Million FAQ Section
In this section of my review, I am going to answer some of the questions that people may have when thinking about joining the Money Million opportunity.
Is Money Million BBB Accredited?
No, Money Million is not accredited with the BBB at this time.
This does not mean that it is a scam, it just means that the BBB doesn’t have the company listed.
Either way, I usually take all of the facts and information that I find to make my final recommendation on any company or opportunity.
What’s The Cost To Join Money Million?
The minimum cost to join is 0.03 ETH which is for a position in the first matrix.
This will give you access to the opportunity that they have to make money (ETH) with Money Million.
As you fill up your cycler matrixes, you will then need to purchase a position in the next matrix that will cost you a slightly higher cost.
You can use your ETH earnings to upgrade or through your ETH wallet purchase.
If you are able to make it to the last matrix cycler position, the total cost would be 78.99 ETH.
Also, each position that you purchase will require you to renew every 100 days to stay commission qualified.
With that said, let’s answer the question about if this is a scam or not.
Is Money Million A Scam Or Legitimate Opportunity?
In my opinion, no, Money Million is not a scam but they have some issues.
The biggest one I covered in the products section above.
When you run any MLM company, you need to offer retail products or services in order to be in compliance with the law in many countries.
This is not my law, it is the government’s law, so this is a well-known fact and it still baffles me to why any MLM company “even a cycler MLM” doesn’t offer it?
Maybe that is why the company doesn’t tell us who the owner is?
Who knows, let’s go ahead and finish up.
My Final Money Million Review And Thoughts
In the last section of my review, I am going to share my final review and thoughts about Money Million as a whole.
I have taken the time to research and review the information about the company, the products, and the compensation plan.
I have also shared my concerns and thoughts on whether or not it is a scam.
At this point, you should have a good idea about what Money Million is, how it works, what they offer, and how you can make money with them.
What are your thoughts up to this point?
But here is the question…
Do I Recommend Joining Money Million?
You now have all of the information about Money Million to make an educated decision on whether or not it is the right opportunity for you.
If you were to ask me if I would join…
I would not join nor am I slightly interested due to the issues that I found with their business model and lack of transparency.
With that said, I hope you enjoyed my Money Million review.
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