Elm90.mom, also known as Elephant Literature Media (ELM), is a platform that claims to offer people a way to make money by engaging with media and literature. It presents itself as a professional company looking to help people grow their careers while promoting authors and publishers.
However, many people are looking more closely at this site to see if it is a real job opportunity or just another Ponzi scheme. In this review, we’ll break down how the platform works, from its VIP plans to its referral rewards, to help you decide if it’s worth your time.
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About ELM90.mom
According to its company profile, ELM was founded in 2019 and is headquartered in the United States. They claim to be a leader in the “cultural media industry,” working with hundreds of publishers to provide advertising and traffic services. Their mission is supposedly to foster professional growth for employees and provide a rich reading experience for the public.
Visibly, the actual experience for a user is focused on putting money into various investment tiers and completing simple tasks for cash. It functions less like a traditional media firm and more like a deposit-based earning site where your income depends on how much you invest or how many people you recruit.
How To Join ELM90
Getting started on ELM90 is quite simple and only takes a few minutes. You visit their registration page and enter your phone number. You will then need to create a login password and confirm it.Â
An important part of signing up is the referral code; you usually need an invitation link or a code from someone who is already a member to finish the process. Once that’s done, you can log in and see the various vip levels and tasks available.
How Users Make Money On ELM90
1. Daily Tasks
In the Task Hall, users find daily activities to complete. Currently, these involve reading tasks that pay a specific commission per order based on your member level. For example, a basic member earns ₦200 for a single task.
2. Invest To Earn
The main earning feature on ELM90 is its VIP membership system. To start earning, users are required to activate a VIP level by making a one-time payment. Each level comes with a fixed number of daily tasks and a corresponding daily income, with higher tiers requiring larger deposits and promising bigger returns.
The entry-level M0 (Trial) plan is free and gives users 2 daily tasks with a claimed daily earning of ₦400, although it is only available for a limited period. The first paid plan, VIP 1, costs ₦15,000 and offers 3 tasks per day with a total daily return of ₦600. Moving up to VIP 2 requires ₦108,000 and increases the daily earnings to ₦4,500 across 5 tasks.
From VIP 3 onward, the required activation fees rise significantly, with each higher level promising larger daily profits. At the top of the membership structure is VIP 9, which requires an activation fee of ₦36,800,000 and claims to pay ₦1,600,000 per day for completing 20 daily tasks.
The platform also offers what it calls Copyright Investment Programs under its Centre of Wealth section. These plans allow users to invest a chosen amount of money for a fixed period, with the platform promising a set profit at the end of each term.Â
The available durations include 2 days with a claimed 1.1% profit, 5 days with 0.5%, 19 days with 0.6%, and 90 days with a promised 3% profit. According to the platform, you can invest anywhere between ₦2,000 and ₦2 million in these programs.
3. Referral Program
ELM90 also rewards users for inviting other people to join the platform through its Growth Rewards program. The more people you successfully refer, the bigger the cash reward you can receive.
For example, inviting 3 people earns you ₦3,000, while 5 referrals come with a ₦6,000 reward. If you invite 10 people, the platform claims you’ll receive ₦13,000. The rewards continue to increase, with 20 referrals earning ₦44,000 and 50 referrals coming with a claimed reward of ₦99,999.
The platform also has a team leadership program that rewards users who build large referral teams. As your team grows, you can qualify for different leadership positions with claimed monthly salaries.Â
For example, users with 31 to 100 team members can become an Intern Team Leader and earn up to ₦80,000 per month. Junior Team Leaders with 101 to 300 members can earn up to ₦150,000 monthly.Â
The rewards continue to increase at higher levels, with the highest level, ELM Nigeria Branch, claiming monthly earnings of up to ₦10 million for users who build a team of more than 5,000 people.
How To Deposit on ELM
To upgrade your account, you must recharge your wallet. The minimum recharge amount is ₦2,000, and the maximum is ₦10,000,000 per transaction.Â
Currently, the primary channel for payment is Bank transfer, which uses systems called ELMPAY2 or ELMPAY3. It will interest you to know that there are no handling fees for depositing money.
Withdrawal Process on ELM
Withdrawals are processed through bank transfers. You can request a withdrawal during working hours, which is between 9:00 am and 5:00 pm. The minimum withdrawal limit is ₦2,000. However, there is a taxation fee; for example, a withdrawal of ₦2,000 comes with a ₦200 fee, which is 10%.
Is ELM Legit Or Not?
No, judging by the information available at the moment, ELM does not look like a genuine investment platform. The way the company operates feels like a red flag. It relies on members paying large fees to unlock tasks that supposedly pay huge daily returns.Â
When a site offers you a ₦1.6 million daily profit for a ₦36.8 million investment, it looks exactly like a Ponzi-style scheme. Usually on platforms like this, the money from new investors is used to pay the older ones, and the whole system usually crashes when new sign-ups slow down.
Additionally, the referral rewards are unusually high. Offering nearly ₦100,000 for 50 invites suggests that the company’s main goal is constant recruitment rather than providing actual media services.Â
Conclusion
ELM90 presents itself as a modern way to earn through media tasks, but it is actually a high-risk deposit-based platform. While some people might see returns early on, the structure is built on expensive VIP tiers and aggressive recruiting.Â
Because there is no clear, sustainable business model behind these massive payouts, there is a very high chance that the platform will eventually stop paying and disappear with users’ funds.
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