What is MMM?
We will tell you about the MMM Community in detail, about its ideas, the work principle and the purpose. But, if you first want to get a general idea about our Community, read “Rules”, and then return to this page.
MMM is a global mutual aid community. How do we help each other? We donate money. In today’s world, all people need money – one, who has no money, is supported by somebody else.
The Community members donate money peer-to-peer to each other. MMM only connects the donator and receiver. MMM is a financial social network, where people sign up, specify their contact details, as well as the account which they want to receive the money on. You might be at a loss: “Why would anybody need to donate me money?”
Why do participants of MMM donate money to each other?
Have you ever given money to a stranger? Or have you ever received money as a gift from a stranger? Probably not. But think: isn’t it reasonable for a person, when he has money to spare (money that he doesn’t need at the moment), to give it to his close people, and then, when he needs it, to get it back as a gift? In fact, this practice is not new, its roots go deep into the wisdom of ancient times, and even has been preserved in communities of different nations of the world. Their members still help and support each other through local mutual funds. But the disadvantage of the local mutual fund is that it unites a small group of people familiar with each other.
Therefore, absolutely different system of financial relations dominates in the modern world – its central place belongs to the banks. So, when people have spare money, they put it on a bank account. And when they need money, they borrow it from banks as a loan. Loan interest rates are always higher than deposit interest rates – this margin is the profit of the banks. But you must admit: if it were possible, instead of a loan from the Bank, to get donation from other people at the right time, it would be more profitable (there would be no need in paying intermediaries), more convenient (you would return the money when you can, but not by the deadline) and safer (no one could seize your property for nonpayment of debt).
The problem is sure to be the lack of trust between people: “How can I be sure that if I donate money today, tomorrow somebody will donate me?” In order to solve the problem, people have joined in MMM: we create the Community whose members can really trust each other. There are no legal guarantees in MMM, but there is a well-established algorithm for providing and receiving assistance. New members constantly come to us: we teach them the ways of mutual aid and give them the opportunity to become financially independent.
Donating money, we do not only help each other, but also change the very nature of financial relations between people. Where is money concentrated today? In the stock exchange, in the foreign exchange (forex). But today, investors buy and sell shares more often not to manage the company whose shares they are buying. Today, the value of national currencies hasn’t been supported by gold or any other goods. Stocks, currencies, bonds are losing their original purpose, and turning into an instrument for speculation. Investors are willing to buy anything which could be resold at a higher price. But the more virtual and ephemeral assets are, the higher the risk and the probability of collapse of the financial markets we have. The modern model of financial relations is becoming less effective and more obsolete. And the alternative to it, as we believe, is the donation exchange. Because donations are supported by the most valuable thing in this world – the personality of the donator, his hopes, his intentions, his will. Therefore donation exchange is the most promising, most efficient and most perfect form of money exchange.
How does MMM work?
The advantage of mutual aid relationship – you don’t have to enter legal relations with each other in order to donate each other money. Therefore MMM Community is not an organization or investment project, nobody sign any contracts or any other securities here. MMM does not have any common account to keep money.
But MMM works successfully. How does it happen? People, who want to join MMM, register on the website and they get an access to a personal office. In the personal office (PO) a member points his/her contact details and details of the bank account or wallet in the electronic payment system, where he/she wants to receive donations. Through the PO the participant makes request both to provide and receive assistance of the selected amount. Thanks to the automatic program, MMM connects those who want to get donation with those who are willing to donate it: the donator and receiver can see the contact details of each other, can chat, and can even get in touch over the telephone.
MMM has developed mutual-aid programs to encourage people to donate regularly. As a result, the participant can receive a higher amount of donations than he/she provided. The PO records the date and amount of all your requests for giving donations. Based on this information, the PO calculates the maximum amount of donation which you can request for. The exact amount of donation available for withdrawal depends on the selected program. But the general principle is: the amount of donation you have given is charged with an equal number of conventional units, called MMM’s (for instance, you’ve deposited $1000 – at the same moment you got awarded 1000 MMM’s-dollars). MMM’s are growing by 30% to 50% per month. Then you can request assistance to the amount equal to the amount of MMM’s in your back-office (for example, you have 2000 MMM’s-dollars, so you can request for assistance of 2000 dollars). Donation comes to your personal account within 72 hours after you have requested. Read more about mutual aid programs and money donation and withdrawal process in the relevant sections.
The reliability of MMM’s donation exchange is stipulated by the fact that people ask for help when they really need, and they donate money, when they have the opportunity. Consider two models of the participants’ behaviour. The first model – a member puts $1,000 on 50% deposit. Two months later, the same member requests assistance in the amount of 2,250 dollars and quits the Community. The second model – a member puts $1,000 on 50% deposit, two months later he/she requests 2,250 dollars, but he/she doesn’t quit participating, and weekly donates money. The first model of behavior is the behavior of investors; they are predatory to the project which they invest in. Therefore, high-yield investment programs do not exist for a long time. The second model is the behavior of MMM participant: at any time he can get much larger donation, than the one he did, but the member does not go away from the Community and, if available, shares his earnings with others, puts it back into the Community. But donation from MMM is not a loan from a bank: there are no penalties and you yourself determine the date when you will be able to donate money. It is trust relationship between participants, who are partners, but not competitors for each other; they make the mutual-aid programs with such high growth investments real. The proof of the viability of MMM is millions of the Community members worldwide.
How can I take a decision – should I join the MMM Community?
MMM is an informal association of people. In MMM there are no superiors and orders. Everyone decides themselves when to donate and how much. They decide when to get help and how much. Thus, each participant is responsible for himself/herself.
The main danger is when people, trying to get rich quickly, invest too big for them amount. There are cases when people even took out loans to donate money in MMM. But the Community exists for mutual help but not getting rich quickly. Those, who come only for the sake of profit, create risks for themselves and for others. And do not forget that one of the tools the Community is a pyramid scheme, which is potentially dangerous (be sure to read about the risks).
But if you share MMM’s idea that people can donate each other graciously, if you believe that donation exchange is the future of monetary relations, you are welcome to our Community!