Million Money (Review) | Is Million Money Smart Contract Legit?

This post is a critical review of Million Money, the platform that promises to pay its users 100 million naira every 3 months.

As unrealistic as that may sound, it has lured many persons to join the platform.

And while there are individuals claiming to have earned big from Million Money, the legitimacy of the platform is still questioned.

You’re probably reading this post to know if you will join the bandwagon or not (LOL).

Of course, I won’t mislead you. So, read this post to the end to know your next line of action.

Post Summary

This review is divided into sections with the following subheadings:

  1. What Is Million Money?
  2. How Does Million Money Work?
  3. How Do I Earn From Million Money?
  4. The 100 days Profit Strategy Explained
  5. Membership Support
  6. Is Million Money Legit?
  7. Conclusion

A click on any of the items above will reveal its details.

Let’s get started!

1.  What Is Million Money?

Million Money is a smart contract that runs on the Ethereum blockchain.

It is programmed to distribute funds to participants as they play by the rules of the platform.

Million Money was launched on 13th August 2019 and in less than one year, it already has 667, 881 users. (This stat was gotten from its website at the time this article was being written).

Unsurprisingly, the founders of Million Money are not known. This is one reason why the legitimacy of the platform is being questioned.

Somehow, we can assume that the developers are Russians because it is the language on the platform’s website (before you choose your preferred language).

A good way to understand Million Money is to look at it as a Matrix Cycler Program. In such a program, earning big depends on completing cycles through referrals.

You can read our review on Forsage to learn more about the Matrix Cycler Program.

Million Money aims to enrich users with 1, 500 ETH every 100 days. This means that every user of the platform will receive 1, 500 ETH ($ 3000 or ₦ 1, 000, 000) every 100 days or 3 months!

Is that even possible?

While you are pondering on that, let’s see how the platform works in the next section.

2. How Does Million Money Work?

Needless to say, the usual referral technique is the game here. It uses the same approach as other pyramid schemes.

Register, refer people to earn, earn from the referrals of the people under you; upgrade your account to earn more. Same old, same old!

Million Money operates with a 2×2 matrix. This means that every user must refer two persons for the continuous flow of funds.

Also, the platform runs 2 matrix cycles sequentially and each cycle has 5 levels.

This is what it looks like:

million money referral plan

From the image above, you can see that each cycle needs 62 persons to be complete. And that’s a total of 124 persons for both cycles.

That target is quite high for one user to meet if you ask me.

Let’s keep digging!

3. How Do I Earn From Million Money?

First, you must register with the platform. And to register you have to buy a position with 0.03 ETH.

How can you do that?

Simply download an ETH wallet preferably the Trust wallet (on your mobile) or the Metamask wallet (on your desktop). Then fund it with 0.03 ETH.

After funding your wallet, the next step is to log on to the Million Money website and register.

You will be required to provide your wallet address so that the sum can be debited.

Also, you will provide your upline’s ID (the person that referred you) to secure your position.

(Note: you can register without a referral but the system will automatically fix you under someone).

Now that you are on board, you can then refer people to start earning.

For a start, you need only refer 2 people. When these two people have joined, you will be paid their registration fees (0.03 ETH + 0.03 ETH = 0.06 ETH).

Next, you will upgrade to Level 2 with 0.05 ETH. This leaves you with only 0.01 ETH. And you need to make this upgrade, else you will not make any profit from your downlines.

Also, the two persons you referred will have to refer 2 persons each for the funds to keep flowing.

They too will have to upgrade to the next level as you keep moving up.

That way, the gods will be happy and everyone is safe.

Upgrading to higher levels on the platform cost different fees. Some are high while some are low.

The only thing is that it will always be less than the profit you made from the previous level.

So, once a downline is filled, you will make some profit. Using your profit, you will upgrade to the next level until you complete the 2 cycles.

Here’s a typical example:

In Level 2, the 4 people recruited by your 2 referrals will donate to your level 2. Each will donate 0.05 ETH to you and you will get a total of 0.2 ETH. You will then use 0.1 ETH to upgrade to level 3 and you will be left with 0.1 ETH as profit.

If everything goes as planned, this is what your profit should look like at each level:

million money compensation plan

Crazy huh? All that money from just investing 0.03 ETH or $ 11.63 or ₦ 4,406.22!!! (based on the exchange rate at the time this post was written)

Let’s dig further!

4. The 100 days Profit Strategy Explained

Here, I will dissect the Million Money’s goal to enrich members with 1, 500 ETH every 100 days.

Irrationally, users are expected to have made this profit (1, 500 ETH) after completing both cycles of the matrix.

In other words, the system expects that after 100 days, every user on the platform would have an active team of 124 persons.

Once that is achieved, each user then receives 1, 500 ETH every other 100 days.

Now for that to happen, participants in a team will renew their positions every 100 days. (Otherwise, there will not be funds to pay anyone)

Let me try to break it down further:

Assuming today is my 100th day on the platform and I have a complete team, I will receive my profit of 1, 500 ETH.

For me to receive this amount again in the next 100 days, everyone in my team including me will have to renew their positions.

I will have to renew my 10th position with another 40 ETH. The person in the 9th position will have to renew it with 20 ETH and so on.

Therefore, everyone receives every 100 days the profit they have made in their individual positions (and not 1, 500 ETH).

Plus, the payment will be made only when everyone in the team renews their position.

Sounds shady, right?

We are not done here yet. Tag along!

5. Membership Support

Users of the Million Money platform can reach the admins through any of these links:


Moving on, let’s answer the question that brought us here.

Keep reading!

6. Is Million Money Legit?

To answer the question on the legitimacy of Million Money, let’s compare the information we have on the platform; what makes it appear legit, and what doesn’t make it legit.

You ready? Let’s get to it!

What Makes Million Money Appear Legit?

  1. Information on shows that the company is registered.
  2. The Etherscan recognizes that Million Money is a smart contract on the ethereum blockchain.
  3. Members maintain sole ownership of their ETH wallet.
  4. Some persons have earned from the platform already.

Quite impressive huh? Don’t conclude yet. Let’s finish up.

What Doesn’t Make Million Money Legit?

Here, we will be looking at:

  • Founders and products
  • Earning on the platform
  • Public opinion

Founders and Products

The founders of Million Money are not known. Too bad!

It means that there is no one to be held accountable when something goes haywire on the platform.

Secondly, the platform does not own any products. Thus, there is no way it can generate the revenue needed to sustain the system.

You should now wonder what the ‘investors’ are actually investing in. Mtcheew…

This is what makes the claims of the platform to enrich people very false.

The system cannot pay any users, rather, users pay themselves.

So, be wary of any claims of bonuses or commissions.

Earning On The Platform

We have already established that earning on this platform depends on recruitment; and purchase of new levels.

Indeed, if everything goes as planned, you will earn big from Million Money.

Unfortunately, these stuffs never go as planned. Do they?

If it is not your downline who grows cold feet in recruiting people, it may be your partner. Whichever way, you will be affected.

(PS: Your partner is the person with you in Level 1 i.e. the 2nd person your upline referred alongside you).

Also, if your partner upgrades before you, you will lose the commission for that level.

Again, Million Money permits users to withdraw their earnings when they upgrade to a new level.

What does that tell you? It means any of your downlines can back out at any time and cut short your dream of becoming a millionaire.

So, users are advised to buy new levels in advance. In other words, use their personal money to buy new levels.

This contradicts the initial arrangement of buying new levels from profits made in previous levels; which is how we were told that the system operates.

Moreover, though the system tries to spread free partners (users without initial uplines) across members, it can never cover for the missing pieces.

Plus, these free partners are given to users who are already making it on the platform.

What then happens to members who cannot recruit or perhaps lose their downlines? Your guess is as good as mine.

Public Opinion

I stumbled on this post by naira.ex warning the public not to invest in the platform. Have a look:

I also read a post by Businessday on the platform, here’s a part:

My Take?

It is really not difficult to take a stand here. Million Money is not legit because it can crash at any time.

Whenever recruitment slows down, payments will stop and the platform will crash.

Sadly, when that happens, no one will be held responsible because the founders are not known.

And just in case you are thinking, ‘but million money is running on a cryptocurrency blockchain, surely that should make it more advanced than others.’

I’m sorry to disappoint you but the fact that Million Money is running on the Ethereum blockchain does not make it any different from the other pyramid schemes you know.

So long as there is no recruitment, there will be no payment.

As it is with other pyramid schemes, users at the bottom of the pyramid will have the greatest loss. And since they are more in number, the loss will be very huge.

7. Conclusion

Million Money may be full of promises because it is running on a blockchain but don’t be fooled, it is what it is – A Pyramid Scheme that can crash at any time..

Now I want to hear from you:

What is your take on Million Money? Do you think it is legit or not?

What can you say the future holds for the platform?

Share your thoughts in the comments section.

Also, if there are other platforms like Million Money you would love us to review, send us a mail at [email protected]

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Chinma Udeji
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