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The famous MLM, MAVRODI MONDIAL MONEYBOX, MMM that ruined the lives of many Nigerian citizens is back again with their new ICO. They are set to launch in the next 11days. They accept both bitcoin and etherum as payment for coin offerings.
Nigerians can remember that not so long ago in November 2015, this so called platform came with a peer-to-peer initiative of giving investors on a monthly basis, 30% in local currency and 50% in bitcoin of whatever amount of money they have invested. This initiative seemed to have worked perfectly for about 12 months but developed issues during the festive period of December 2017 with claims that they went on a one month break. This lead to somany problems in the nation as investors who had invested millions into this platform had lost their money (or were at the verge of losing their money). Christmas was sorrowful for these investors as they waited for the promised date of this MMM return. Eventually they returned like they said but were unable to fulfill the promises made before they left for the break. Still some investors continued with this platform despite its "initial scam offer". Experience they say is a very good teacher but I think that most people are not just at learning at all. This platform ran smoothly once again enticing the public and inviting more investors. After about 6 months, that at mid year they packed up and became a desolate story. The investors who were heavily affected cried, wailed, some committed suicide and the rest. But it's now all in the past.
Only for them to come now with another package called ICO, INITIAL COIN OFFER, which I Call INITIAL SCAM OFFER.
They wish to start up their ICO calling it the mavrocoin. They are planning to set up a wallet where this coin can be saved as well as an app to manage this wallet. Well I must say it's quite a pity but one thing I know is those who have been beaten once will be shy twice. No one tells a blind man to run when there is trouble.