1. Introduction

Welcome to Panama Future. By accessing and using our platform, you agree to be bound by these Terms and Conditions, which establish our legal relationship with you regarding our platform. If you do not agree with any part of these terms, you should not use our service.

2. Key Definitions

• Blockchain: Refers to a decentralized digital ledger that records transactions across multiple computers to ensure data integrity and security.
• Tokenization: The process of converting rights to a property into a digital token on a blockchain.
• Cryptocurrency: Refers to digital or virtual currency that uses cryptography for security.
• Yield: Related to the earnings generated from real estate investments, often expressed as a percentage of the property’s cost.
• User: Any individual or entity that uses our platform.
• Platform: The digital infrastructure and related services we offer for real estate tokenization.
• Smart Contract: A programmable agreement that automatically executes when predefined conditions on the blockchain are met. These contracts facilitate, verify, or enforce the negotiation or execution of a contract without human intervention.
• Utility Token: A type of token that provides users access to products or services offered by the platform, which can be used within the platform's ecosystem to acquire goods, services, or as a form of voting in operational decisions.
• Security Token: Represents ownership of a physical or financial asset and is subject to financial regulations. This type of token ensures holders legal rights similar to traditional securities such as shares or bonds.
• KYC (Know Your Customer): A process by which businesses verify the identity of their clients, in compliance with legal regulations. This process helps to prevent financial crimes such as money laundering or terrorist financing.
• AML (Anti-Money Laundering): Policies, laws, and regulations designed to prevent the generation of income through illegal actions. Includes a series of procedures that minimize the risk of the platform being used for money laundering.
• Digital Asset Custody: Services provided by third parties to store and protect a user's digital assets, such as cryptocurrencies or tokens, to ensure their integrity and security.
• Blockchain Governance: A framework for managing decisions within the blockchain network, including changes to the code and resolution of conflicts within the community. Reflects how political and technical decisions are made.
• Leverage: Use of various financial instruments or borrowed capital, such as debt, to increase the potential return of an investment in tokenized real estate.

3. Conditions of Use

• Registration: You must register and create an account to use our platform, providing accurate and up-to-date information.
• Legal Capacity: You must be of legal age and capable of entering into contracts.
• Acceptable Use: You must not use our platform for illegal, fraudulent, or activities that infringe on the rights of others.

4. Intellectual Property Rights

All content on the platform, including texts, graphics, logos, and software, is owned by Panama Future or used under license and is protected by intellectual property laws. You agree not to copy, modify, distribute, or use the content without our express consent.

5. Tokenization Process

We detail the process by which users can participate in property tokenization, including rights, obligations, and associated risks. Tokens represent a proportional share of ownership or rights over the specified property.

6. User Responsibilities

You are responsible for maintaining the confidentiality of your account and password. You are liable for all activities that occur under your account.

7. Modifications to Terms

Panama Future reserves the right to modify these terms at any time. Changes become effective immediately upon their posting on the platform. Continued use of the platform constitutes acceptance of the modified terms.

8. Limitation of Liability

Panama Future will not be liable for indirect, incidental, special, or consequential losses resulting from the use or inability to use our platform, even if we have been informed of the possibility of such damages.

9. Governing Law and Jurisdiction

These terms shall be governed by and construed in accordance with the laws of Panama, and any disputes will be subject to the exclusive jurisdiction of the courts of Panama.

10. Contact

For any questions related to these terms, please contact us at [email protected].