MMM, the famous mutual network, where people provide help directly to each other through via internet and receive up to 23 times more than they give to others in a year, is in mannequin mode. This follows the message from the MMM freezing all confirmed Mavros, otherwise known as money due for withdrawal for one month.
What preceded the freeze?
A few days ago, the founder of MMM, Sergey Mavrodi Nigerian penned a now viral open letter, blaming the government and the media for creating a sense of fear in the minds of MMM subscribers, which He said was due to lack of knowledge of how MMM works. Mavrodi advised that MMM should be strengthened to help Nigerians thrive and redistribute wealth. He insisted that MMM was not shady and that all participants were informed of the risks involved before investing. In the light of yesterday’s freeze, this message appears to be a well-timed buffer.
What exactly happened?
On Tuesday, 12th December 2016, all members were greeted with the shock message displayed on the screen as soon as they logged into their accounts:
What does this mean?
This means, all the accounts of members who are due to be paid after having ‘provided help’ (PH) to another person since the last month have been frozen and hence, have no access to request for payment, known as ‘Get Help’ (GH) until after one month. For Nigerians hoping to have a good Yuletide celebrations by cashing out of Mavrodi Mondial Moneybox, their plans may have to be revised.
What are the promoters saying?
In defence of MMM, the first Nigerian Guider, Chuddy wrote:
“Hi Mavrodians, As we all must have seen in our PO of the news on Mavro frozen for a month.” “This isn’t the first of its kind. It happens when there are excess PANIC in the system It was placed on Zimbabwe and after the duration it was lifted.” “This idea is brought forward to Calm the members down on intending Threat the FG and Mass media has planned on the system. It doesn’t mean that their is no more money in the system because in my PO now as a guider, I have about 2million+ PH orders. And I know it would be like that in most Guiders PO too. So you see!!! Money to pay out the orders wouldn’t be a problem.” “But the Admins needed to apply measures to sustain the growth of the system. In order to fight issues that may arose as a result of Massive PH already this xmas. Issues like * Uploading of Fake POP *non confirmation of orders and the rest.” “So this is the best strategy to put FG to shame. We all need not panic as our money is in safe hands. Check out your Mavros and you see your money is intact both for 30% bonuses and 20% accrued bonuses.” “You can keep PHing if you have the money, though you will definitely not be matched until Mavros are unfrozen. But that will really go a long way for you as your PH made this December will surely be giving you extra 20% after paying out next year. No cause for Alarm. We live to expect a stronger MMM by January 14th, 2017.” “Guider Chuddy.”
And yet, another member wrote:
“MMM HAS OVER ten(10) SAFTY NETS WHICH WILL NEVER MAKE IT CRASH AND U NEVER NOTICE BUT I WILL MENTION TEN(10) OUT OF THEM.
1, Pause mode
2, 14 days defrost
3, Extension of the getting help hours
4, Seeking help from neighboring country
5, No central account attached
7, Peer to peer system
8, Guider’s efforts
9 PH match hours extension
10, Website upgrades and security”
“1, Pause mode
This process is applied when the numbers of the people getting help is greater than the people help. The system will pause the GH transactions and allow more PH to come into the system for the duration of 2 and half months, WHICH IN OUR CASE IS JUST ONE (1) MONTH (30 DAYS) then the system will now restart and work perfectly. PH means provide help and the GH means get help”
“2, 14 days defrost
The participants will not be able to withdraw their money until after 14 days when the payments have been confirmed. During this process, more PH would have come into the system therefore there would be pool of cash to pay the old participants.
“3, Extension of GH hours
this occur when there is a public holidays when the banks are not working therefore, there won’t be transaction and it may cause the problem to the system. The system will now extend the hours of the people who are getting help at that period to allow more People providing help into the system.”
“4, Help seeking from neighboring country
When there are more GH than PH in a country, MMM will look into the other countries which are doing well and match them together, pending the time that the affected country will be OK.”
“6, No central account attached
MMM does not have a certain account that we are sending to. MMM doesn’t collect your money.”
“7, Peer to peer system
Participants pay directly to the bank account of the other participants seeking help.”
“8, Guider’s efforts
Guiders are the heartbeat of MMM, guiders make sure each and everyone in MMM understand the Ideology of MMM and how it works.”
“9, PH match hours extension.
When the system finds out that there are more GH than PH, the system will extend the hour of old PH so that to hold down their order matches duration and during this period, the system will allow more new PH to come into the system to get it balanced.”
“10, Website upgrades and security
MMM spends million of dollars in taking care of their website to cub online fraud in MMM, such as scam and other Threats.Goodmorning Mavroidians.”
Meanwhile, MMM continues to trend on twitter….