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Terms and Conditions 👉 Participation in the Panoworlds project

§ 1 Venture capital - our offer to participate in the Panoworlds project with your investment!

Venture capital is, as the name suggests, risk capital. We would like to point out that by transferring your chosen investment capital to our account, you confirm that you have understood that you can no longer dispose of the money you have paid in after you have paid in! It is not a repayable loan, but a risk investment, also known as venture capital.
It is a silent partnership. Summary meaning, as is common in Central Europe. You become a silent partner, a co-owner without obligations, with the right to participate in the profits on a percentage basis. The percentages are not percentage voting rights at meetings and negotiations.
The participants act in free agreement alone and without interference from other people or institutions. The contribution is made on a voluntary basis for the benefit of all those involved.

§ 2 Voluntary higher participation - acquisition of larger company shares.

It is possible to acquire larger shares than €50,000. The prerequisite is that you accept the conditions regarding venture capital.
Immorality clauses or other pitfalls of general jurisprudence in certain countries are excluded. Anyone who intends to rely on allegedly invalid clauses in these terms and conditions does not have the right to participate and may not use this project as an investment, but may only pay the basic fee and use the Panoworlds platform for what it is. An opportunity to present your own photos and view photos of other Mint members.
Therefore, if you cannot agree to the concept of venture capital participation, please simply refrain from becoming a part of this project. No one is forced to invest capital with us.

§ 3 Subject of the contract

The subject of the contract is an investment partnership between the investor and Panoworlds Ltd., Seychelles, with Panoworlds Ltd. uses the capital provided by the investors to implement the Panoworlds project.
A variety of options are installed with which the investor can check the initiator of the project and the current activities.
These include ongoing video conferences via well-known platforms such as Zoom, personal video chats via WhatsApp or Skype, a security check in which the investor and initiator carry out ID and face checks.

§ 4 General information

The investor can assume that the use of capital is absolutely transparent and that the capital is 100% safe, unlike the numerous Bitcoin miners and crypto traders of which there are countless on the Internet and which are 99% fraudsters.
We have lost a lot of money with such companies. That does not happen with Panoworlds. We are interested in building a global community.

§ 5 Profit and loss participation

The investor is not involved in any possible losses. The investor is not obliged to make additional payments or incur any costs other than the deposit capital.
The investor is involved in the profits in the amount of the percentage shown on the certificate, at least up to the amount of the certificate value also noted on the certificate. In addition, the participation applies as long as the project is being carried out. Panoworlds Ltd. will promote and carry out the project as long as it makes a profit.

§ 6 Capital repayment

The invested capital can only be repaid in the form of profits from the project. A repayment is excluded, as was made known to all investors before they made a deposit.

§ 7 Taxes

The investor is solely responsible for the taxation of his personally achieved profits in his home country. That is why the investor receives his share of the profit without deduction of taxes.
Profit is all capital that is generated after deduction of costs, VAT and other duties.
Luxury goods, private expenses, and purchases that increase costs unnecessarily are not made. If necessary, we only purchase the equipment and accessories that are absolutely necessary for the operation and production of the panoramas and websites.

§ 8 Further risk warning

In extreme cases, the capital may be subject to a total loss. The investor should therefore adjust the amount provided to Panoworlds Ltd. according to his circumstances.
Panoworlds Ltd. will always take measures that exclude a total loss as far as humanly possible. In extreme cases, this may include selling the concept to financially strong providers of online communities, software companies or other Internet operators at least to an amount that would give the investor more than the investment, namely a profit. There can be no guarantee that this is possible, as this depends on the respective situation.

§ 9 Company headquarters

The company organizing the Panoworlds project is an offshore company, an IBC in the Seychelles. The main reason for this measure is that in this state, a worldwide implementation of the project is guaranteed that is attractive for all those involved, especially for the future members. The capital generated by the project is held in banks outside the EU so that the Panoworlds project can be carried out smoothly as intended by Panoworlds Ltd.

§ 10 Relationship between investor and Panoworlds Ltd., or the initiators

As supporters of objectivism and laissez-faire capitalism, the initiators have only one goal, to manage and increase the invested capital according to these principles. The basis is an honest and absolutely fair partnership in which both partners, based on a morally impeccable attitude regarding this contract, promote each other with all possibilities and support the project together, with both partners doing everything they can to make this possible.

§ 11 Recommending these websites.

This includes, for example, a "brokerage" from other investors on a voluntary basis, without coercion and without unfair means, a mediation that is limited solely to an advertising statement. "Mediators" do not conclude contracts and are not involved in any way in the business relationship between initiators and investors.
Panoworlds Ltd. rewards this type of activity in accordance with an agreement to be concluded in each case, in the form of mediation commissions.

§ 12 Miscellaneous

The contract excludes legal disputes between the contracting parties. Conflicts are resolved by mutual agreement. The partners agree to break the spiral that has developed in many so-called civilizations and that has led to immorality and quarrelsomeness, to denunciation and a false sense of justice, and to act solely for the purpose of multiplying the capital invested and increasing the standard of living of all those involved in the project (initiators and investors).

§ 13 Significance of these business principles

This appendix to the risk declaration serves to clarify the regulation already known and accepted by all investors - in particular, the risk information and the statements made in § 1 of these principles. These terms and conditions are part of the contract. Any adjustments to these terms and conditions only affect new entrants after the date of adjustment. Print out these terms and conditions or save them to your computer with the date of saving in the title.