Understanding MMM: A Decentralized Financial Network

MMM (Mutual Aid) is a decentralized financial network that allows individuals to help each other with small loans and gifts. It was created by Sergey Mavrodi in Russia in the 1990s, and has since spread to many other countries around the world.

In MMM, participants contribute money to a common pool, which is then used to provide loans and gifts to other participants. The system is based on the principle of mutual aid, where individuals help each other out without the need for intermediaries like banks or governments.

One of the key features of MMM is that it uses a pyramid structure, where earlier participants can earn higher returns by recruiting new members to the network. This has led to criticism that MMM is a Ponzi scheme, but proponents argue that it is a legitimate way to facilitate mutual aid and support within a community.

MMM has been banned in many countries due to concerns about its legality and potential for fraud. However, it remains popular in some parts of the world, particularly in Russia and other former Soviet republics.