The father of all ponzi schemes, MMM, has applied the popular
phrase, 'new year, new life/resolutions' in its online business. As part of its
mode of payment in 2017 and its comeback plans, the scheme has introduced the
use of Bitcoin by participants as the arena's first rate performing
forex.
Against all odds and online publications that the scheme has
crashed when it froze all confirmed Mavros of its three million participants on
December 13, 2016, the scheme is really energizing its muscles by administering
quality plans that will keep its domain hyperactive when it returns on January
14, 2017.
Just last week, MMM promoters issued instructions to participants
whose account were frozen to perform 'Promo Task: A New Tool for MMM Community
Development' both online and offline. The sole aim of this 'promo task' is to
promote traffic on the site by the time the restriction on members' account is
lifted.
I think this is a welcome development as participants will make
more profit going by the exchange rate of Bitcoin. Bitcoin was one of the high
quality performing foreign currencies in 2016, appreciating by more than a
hundred percent(from $400/Bitcoin to $1000/Bitcoin). However, with China's
strict policy to limit cash flow, it has depreciated to $887/Bitcoin. It is
still not bad.
You should also note that the use of Bitcoin is not new in
MMM but very new in MMM Nigeria as naira has been the mode of payment.Interestingly,
MMM participants can now Provide Help (PH) in Bitcoin and watch it grow in
Bitcoin.
Read the statement of MMM to its participants:
“Due to the recent sharp price
fluctuations of Bitcoin, MAVRO-BTC is being introduced in the system.
“So far, we have only had Mavro-Naira
in the system. Even though you provided help via Bitcoin, your Bitcoins,
anyway, were recalculated into the Naira at the exchange rate at the moment of
providing help, and you were credited with Mavro-Naira in your PO.
“It was the naira amount that grew. In
other words, you received 30 percent a month specifically in naira (not in
Bitcoins, although you originally provided help using Bitcoins).
“Now, you have a chance to have 30
percent growth of the Bitcoin amount, not the naira amount. So, acquire
MAVRO-BTC which will be credited in your PO and will grow at a 30 percent
monthly growth rate.
“In a month not only 30 percent will be
added to your initial amount, but, it can increase itself due to Bitcoin price
growth.
“And, what if Bitcoin price is going to
fall? In case Bitcoin price might go down, you will be able to return to naira
at any time — instantly convert your MAVRO-BTC into Mavro-Naira (and vice
versa, if Bitcoin price might increase again).
“This option is available in PO. You
can convert both confirmed and unconfirmed Mavro.
“We hope that with implementing
MAVRO-BTC, your participation in MMM will become more comfortable!”