Published on June 16th, 2020 | by Sara Kane0
Crypto MMM: A genius scheme or another false hope?
Crypto MMM primarily describes itself as a globally recognized mutual assistance fund. It is basically run as an investment site, although they have not provided any idea of exactly what they are investing in. Because the site claims to provide a fixed rate of return, they can be technically classified as an investment site, although it is not this simple. If you come across the Crypto MMM site, you should be extra careful before even thinking about investing in it. One of the major sales pitches of Crypto MMM is that they will pay you a fixed return in profit after every 2 days. This site allegedly has made several payments to users based on this model. In fact, you can even calculate exactly how much return you will get, which is unnatural in a real-life trading situation. The site also raises concerns when it claims to offer 10% every 2 days, which is impossible. While they have used the term ‘crypto’ in the name, this site does not deal with any cryptocurrency. They only use Bitcoin as a method of payment as it is difficult to trace.
Crypto MMM was created recently on the base of a certain special algorithm. It claims to be using the creation of Sergey Mavrodi. If you are looking for verification of this site, then you are looking in vain. The site is unregistered and has no affiliation with any recognized regulatory authority. They do not provide any contact information in terms of email addresses or phone numbers. They also do not share any of the company registration details, so you have no idea if you are dealing with a legitimate company or not. Although they do provide a physical address, there is no evidence of this company existing at this location- 88 Madison Ave, New York (NY), 10016, United States. The site is accessible at https://crypto-mmm.com/.
Crypto MMM review
Crypto MMM seems to be a shady scheme, although the site does not present itself in this way directly. While it does offer a 10% return after 2 days, only a few people will ever get their returns. The entire model is highly unsustainable and cannot remain operational for long. When you go onto the site, there is a calculator that allows you to see exactly how much profit you will be making depending on the number of investments that you choose.
While this may attract new investors, experienced traders are aware that no such model will ever work in real life. The problem with this is that you can only invest in Bitcoin and payments will be in bitcoin. So there is no way of tracing the payments if you lose your money. The site also offers referrals that can supposedly increase your income by up to 90% each month. This is another sign that something is wrong with this site.
Unfortunately, Crypto MMM does not have any trading strategy. The site claims to be running on an algorithm that is not available anywhere in the world. They have also claimed that they have a blockchain program that is helping them earn all the profits. However, there is no evidence of any such block chain program and they have not even made any trades in bitcoin. How are they supposed to earn profit if they are not trading in any real commodity? This should raise concerns for any experienced investor.
- Company: Crypto MMM
- Product: Investment platform
- Minimum investment: 0.5 BTC
- Trading strategy: Unknown
- Trading results: None
- Customer Feedback: Negative
Because Crypto MMM does not trade in anything that ha value, whether it be digital or physical assets, they cannot produce any real trading results. One of the main problems with this site is that it does not specific exactly what it is dealing with, although the name leads people to believe that they are trading in Cryptocurrency.
However, they have not provided any evidence of any real trades, so there is no way of verifying whether they are earning anything or not. If a site is based on such a model, then it is likely to be a Ponzi scheme. This means that they are paying off each old investor with funds given by a new investor.
Another negative thing surrounding Crypto MMM is the absence of any decent customer feedback. Although it is a recent site, most customers are complaining that it does not work when they invest more than a few times. This is because it is designed to take money from older investors any only pay to new investors.
If you are looking for a reliable investment site, then Crypto MMM is definitely not a safe option. Not only are they unregistered, they provide no solid trading strategy and they cannot back up their claims through any trading results.
If you have had any experience with this company, we would love to hear from you. So, share with us in the comments section below.
0.5 BTC (minimum investment)
- They promise a 10% return within mere 2 days
- They offer referrals that may allegedly increase the invested money to upto 90% every month
- Their overall strategy seems to be non existent
- They appear to be unregistered and unregulated
- You will not find any contact details about this company
- You will not find any evidence of the blockchain program that they have been employing
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