10 Facts about MMM Nigeria
MMM is an innovative and experimental platform where people donate
money directly to each other.
1. There are no investors and no investments in MMM.
Money is not
invested in any asset.
Money is donated to the other person.
As MMM
members donate money, there are no guarantees that people will be
donated back.
Everything depends on the members themselves: they
develop the Community making it sustainable and creating a permanent
process of the exchange of donations.
2. MMM members are rewarded with Mavro after they donate help to other
members of the Community.
3. 30% per month is not an interest rate, but an expected growth rate of
Mavro.
Growth rate of Mavro and its amount can be adjusted at any
moment for the benefit of the Community.
4. Mavro is like scores or grades in colleges.
Where do grades come
from?
Is it possible for grades to be out of stock?
Grades are taken
from nowhere.
Students get grades according to their performance.
This is the same with Mavros.
Mavro is an evaluation of the
contribution made by a participant for the development of the
Community.
5. MMM is a self-adjusting Community.
The algorithms of matching senders
and receivers and algorithms of Mavro reward constantly get adjusted and improved.
6. MMM cannot crash because it cannot pay its members.
This is due to the fact that MMM is not a corporation involved in financial
transactions, MMM just connects senders and receivers.
The main factor in the MMM Community is its members’ behaviour.
7. The aim of MMM is not to make people rich, but to change their
mindset, to encourage people to share what they have with others.
Members should not treat MMM as a money making scheme.
8. MMM members can choose the time when they provide and get help.
Usually members follow the principle: donate when you have spare
money and ask for money when you need to buy something for your
family.
9. MMM wants to increase the velocity of money.
No need to keep money: share it with others.
10. MMM wants to emphasize the importance of work and productive labour.
You should work not because you get paid for that (working just for
money is something like selling your soul or body).
People should work consciously and deliberately for their personal and public
benefit
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