RISK NOTICE for customers and sales partners
Before you decide to use the services of Platin Genesis DMCC, Unit No 1004-44, Swiss Tower, Plot No LLT-PH2-Y3A, Jumeirah Lake Towers, Dubai, UAE (hereinafter PLATIN GENESIS), you are committed to take note of the following risk notices and the exclusion of liability and to accept them as a contract component.
You explicitly acknowledge and accept the following provisions by putting a tick mark, as a contract component, before the use of the Internet portal and the conclusion of a rental, user and/or distribution contract with PLATIN GENESIS:
(1) You explicitly acknowledge that PLATIN GENESIS does not offer any currency-, asset- or other direct or indirect financial investments or financial instruments. On the contrary, PLATIN GENESIS provides training packages for and about “Mining und Minting of Crypto coins” for its customers and provides its customers with a specially developed network computer for the “minting of crypto coins” besides additional services, and PLATIN GENESIS also provides sophisticated software products (such as e.g. an independent eWallet) for the aforementioned purposes against payment in the framework of a rental contract that is time-barred. Moreover, PLATIN GENESIS provides further services such as e.g. access to the services of PLATIN GENESIS Academy, PLATIN GENESIS Business (Crowdfunding – as soon as available) or the decentralised Platin Genesis Exchange (as soon as available) (all aforementioned service offers are hereinafter collectively called “goods”), which enables customers to participate in the crypto coin market and obtain information about this highly complex topic.
(2) You acknowledge and agree that PLATIN GENESIS does not sell and distribute or procure crypto coins directly or indirectly or via third parties. You further acknowledge and agree that you have full clarity and you are adequately informed and enlightened that the market of crypto coins is highly VOLATILE and this market is, at the same time, EXTREMELY SPECULATIVE and carries a significant risk of loss in the minting as also in the possession or trading of crypto coins, which can lead to a considerable loss and in the worst case, to a TOTAL LOSS of the value of the “earned” or otherwise acquired crypto coins.
(3) You explicitly acknowledge and agree that there are no warranties, guarantees or promises of any kind made about profit forecasts, price developments or other incomes in connection with the “earned” or possessed or acquired crypto coins by PLATIN GENESIS, and all statements and comments of PLATIN GENESIS or its sales partners regarding this must be considered merely as expressions of opinion and not as solicitation or recommendation in connection with the conclusion of a rental contract of network computers for the purpose of “mining” of crypto coin.
(4) You explicitly acknowledge and agree, particularly before the conclusion of the rental contract, that you are an experienced person in the field of crypto coins, crypto coin investments and of the crypto coin trade and
(a) You explicitly understand and are prepared to bear the financial, legal, tax - related and other risks regarding your mined crypto coins;
(b) You are financially in a position to bear the loss of your total investments in the framework of the availment of the rental contract and other services of PLATIN GENESIS under consideration of your personal financial conditions, financial resources, your personal lifestyle and monetary obligations without affecting your financial status in case of considerable total loss of the value of your crypto coins in a substantial way;
(c) You have knowledge about the respective crypto coins and their value - determining factors, which you have mined for yourself or otherwise possess.
(5) You explicitly acknowledge and agree that PLATIN GENESIS does not offer you any advice regarding crypto coins, crypto coin markets, other financial markets, investment products, underlying assets and markets or investment recommendations of any type, but on the contrary, PLATIN GENESIS provide general training materials with reference to crypto coins, crypto coin markets and the mining and minting.
(6) You explicitly acknowledge and agree that it is possible in the framework of laws, governmental views or jurisdiction according to your national laws, that the minting, possession or trade of crypto coin is not legally permissible or is legally permissible only with authorisation and it is your sole responsibility to ensure that the use of services of PLATIN GENESIS is permissible as per the law relevant for you.
(7) You explicitly acknowledge and agree that payments of any type are voluntary in connection with the contractually agreed services of PLATIN GENESIS and exist without any legal claim. Particularly you explicitly agree that all miner results of the crypto coin obtained by minting or profits based on the performance of the crypto coin obtained in this way and other possible positive or negative results regarding the crypto coins obtained, which emerge in connection with the availment of services of PLATIN GENESIS can be very different or may not occur at all as they are dependent on a large number of unforeseen factors and variables.
(8) You explicitly acknowledge and agree that false or speculative statements or prognoses or an application as investment, currency investment or financial investment, which are used to promote the processing and use of services of PLATIN GENESIS are strictly prohibited and thus you will neglect them, and an infringement will be prosecuted.
(9) You explicitly acknowledge and agree that PLATIN GENESIS explicitly refuses all statements of third parties about its services and these are not welcome, and PLATIN GENESIS advises its customers not to rely on the statements of third parties, which refer to the results, profits and experiences regarding the services of PLATIN GENESIS such as minting, possession or trading of crypto coin – whether positive or negative – as such results cannot be duplicated from one user to the other or from one crypto coin to the next.
(10) DUE TO THE HIGH AFOREMENTIONED RISKS IN MINTING, POSSESSION OR TRADING OF CRYPTO COIN REPRESENTED IN THE PARAS (1) TO (5) AND (7) TO (9), PLATIN GENESIS DOES NOT PROVIDE ANY EXPLICIT OR IMPLICIT WARRANTIES OR GUARANTEES AND DOES NOT MAKE ANY LIABILITY AGREEMENTS, THAT THE CUSTOMERS MAKE A PROFIT OR THAT THE CUSTOMERS DO NOT INCUR ANY LOSS OR TOTAL LOSS, JUST AS PLATIN GENESIS DOES NOT PROVIDE ANY EXPLICIT OR IMPLICIT WARRANTIES OR GUARANTEES AND DOES NOT MAKE ANY LIABILITY AGREEMENTS STATING THAT THE MINTING, POSSESSING AND TRADING OF CRYPTO COINS IS LEGALLY PERMISSIBLE IN THE COUNTRY OF RESIDENCE OF THE USER.
(11) You explicitly acknowledge and agree that PLATIN GENESIS, in view of the volatility and the extremely fluctuating nature of the crypto coin markets, is authorised to restrict or end its services completely or partially for individual markets any time without prior notice for the case of major loss in crypto coin value as also based on the statements under (6) and it is authorised for extraordinary termination without notice of the contractual relationship with you.
II. ADDITIONAL RISK NOTICE FOR SALES PARTNER
(1) You explicitly acknowledge that the risk notices mentioned under I., the liability exclusion and the exceptional right of termination are also applicable for you, provided that the registration is carried out not as customer, but as sales partner, insofar as you are, at the same time, the customer of PLATIN GENESIS.
(2) You explicitly acknowledge and agree that apart from the contractual regulations as sales partner of PLATIN GENESIS, no warranties, guarantees or commitments of any type regarding the income opportunities, profit distribution possibilities, commission expectations or other bonuses, incomes or revenues of any type are assumed or can be assumed.
(3) You explicitly acknowledge and agree that the possible dividends, commissions or other bonuses, incomes as also revenues, if they should occur, are purely voluntary, perhaps contractually agreed services of PLATIN GENESIS.
(4) You explicitly acknowledge and agree that all profit or income examples and also the possible results, which can occur in connection with the sale of goods, for example, by receiving the commissions from them, must be understood exclusively as exemplary illustrations, assumptions and/or estimates and may not at all be understood as obvious or otherwise probable commission expectations, let alone as commission or other earnings guarantees or promises. The commission or other incomes that are to be actually expected can vary severely or not occur, or occur to a limited extent, as they are dependent upon the large number of unforeseen personal as well as economic factors and variables. Particularly the actual commission to be expected or other revenues depend upon the sales efforts of the respectively acting individual and require -like in every business activity – a major and continuous sales efforts, insofar as you want to achieve successful sales for PLATIN GENESIS and want to generate reasonable commissions.
(5) You explicitly acknowledge and agree that based on the previous dividends, commissions or other revenues, there are no projections or claims about the future development as even these depend upon a large number of unforeseen factors and variables in terms of Para (4).
(6) PLATIN GENESIS explicitly discourages that you base your decisions about the sales activity for PLATIN GENESIS on the dividends, commissions or other revenues declared by third parties and refer to the commissions or other incomes allegedly generated by other sales partners of PLATIN GENESIS, as this type of advertisement of sales activity for PLATIN GENESIS is strictly prohibited for every sales partner according to the contractual specifications, particularly as the earned commissions of a sales partner cannot be compared, copied or reflected with the expected results of another sales partner.
III. CONTRACT COMPONENT
According to the risk notices given under I. and II. Exclusion of liability and the special right of termination (only under I.) you explicitly acknowledge and agree now by making a tick mark, before the use of the internet portal of PLATIN GENESIS, that you are aware of the aforementioned risks under I. and II and also of the special right of termination under I. and explicitly accept the same as a contract component.