Tuesday 20 September 2016

Rules and Regulations

 

 Regulations

People who want to join MMM register on the website and get an access to a personal office (PO). In the PO the participant makes request both to provide and receive assistance of the selected amount. Thanks to the automatic program, MMM connects those who want to get donation with those who are willing to donate it: the donator and recipient can see the contact details of each other, can chat, and can even get in touch over the telephone.

MMM appreciates and rewards those who provide assistance to other participants. The donator gets special points in his PO – mavros. The amount of mavros reflects the maximum amount of assistance that a participant may request.

General Rules
1. Assistance given from one member of the community to another is a non-repayable donation of money.
2. Participants should donate only non-critical sums of money. This is the amount that the participant can donate gratuitously.
3. Participants share ideas and goals of the MMM Community.
4. Members of the MMM Community should be kind and honest to each other.
5. The conditions of mutual-aid and bonus programs, as well as the quantity of awarded mavros could be unilaterally changed at any moment for better operation of the Community.
6. Participants of the Community have not legal but moral responsibilities to each other.
7. MMM is not engaged in any form of investment activity.
8. Multiple registration and creating multiple accounts are forbidden. One participant can register only one account. In case of violation of this rule, all accounts of the participant will be blocked.

The Legal Status of the MMM Community
The MMM Community is not a corporation or a business project. MMM doesn’t have any bank accounts, does not conduct any commercial activities and does not provide investment or consulting services. The MMM Community is a voluntary association of private persons.
The Community members give each other money gratuitously, without any treaties and promises. Therefore, the Community members do not come to any legal relationship with each other. Donating money between private persons is not prohibited by international and national legislation. But in some countries the donation of large sums is taxed. Participants of the MMM Communities themselves comply with the tax laws and other legislation of the country of their residence.

Warning!
The members should understand that MMM is a community for peer-to-peer money exchange. Thus, MMM only redistributes money between its participants, connecting a donator to a recipient. Therefore, in order that the mutual aid process may be beneficial and not be stopped, the number of participants donating money should generally increase. The Community constantly works to improve the reliability of the mechanism of mutual assistance. However, it may happen that those who have donated money will not receive help back. Donate only spare money! Nevertheless, we are convinced that the MMM Community benefits the society by the redistribution of money in time. Those who have spare money at the moment give it to those who need money.

No comments:

Post a Comment