PronWorld Prospectus #1

} 16. Oct 2019 PronWorld Webmaster

Learn more about PronWorld:

PronWorld Blockchain Corporation -Prospectus #1

The Prospectus #1 Offering is 69.000 PronCoin (PRON) tokens per initial price of 6,90 EUR.
Investors will participate in equal share like initial founders.
Offering ends on December 23th, 2019.

The Prospectus Summary

PronWorld Blockchain Corporation is a blockchain company registered and regulated under the GETON’s division Geton Plus. The crypto-currency supporting all tokenized operations and processes within PronWorld ecosystem is PronCoin (PRON).

The Prospectus #1 is based on the following PronCoin supplies:

Kind of SupplySub AmountAmountSymbol
Maximum supply

6.900.000.000

PRON
Burn amount

6.800.000.000

PRON
Circulating supply from ICO

100.000.000

PRON
Circulating Supply held by ICO investors

34.942.048

PRON
Purchased Circulating Supply (buyback)

65.057.952

PRON
PronWorld Blockchain Corporation founding capital

137.614

PRON
AVN Las Vegas 2018 GiveAway

286.971

PRON
Venus Berlin 2018 Giveaway

12.790.000

PRON
PronWorld Beta Whitelisting

243.877

PRON
Supportive Supply (10/17/2019; 9.103.710 € /PRON price 2,18)

4.176.013

PRON
PronWorld Prospectus #1 Offering

69.000

PRON
Available Circulating Supply – Liquidity Pool

47.593.409

PRON

The Prospectus #1 Offering is 69.000 PronCoin (PRON) from PronCoin’s Liquidity Pool per initial price of 6,90 EUR. Investors, like stakeholders, will participate at 32% profit share of PronCoin sales from the Available Circulating Supply – together with initial founders of PronWorld Blockchain Corporation.

PronWorld’s management team intends to spend the majority of proceeds from this offering to purchase as many PronCoin tokens from the global market as possible and inject them into Available Circulating Supply – Liquidity Pool, to backup buy demands on Geton Direct.

Rest of Proceeds will be used for general corporate purposes, including working capital, and possible acquisitions of complementary businesses, technologies or other assets.

The Blockchain Company

PronWorld is a worldwide platform with online content for adults, focused on creating a community with same-minded individuals. Pronworld Blockchain Corporation is a management company.

Our mission is to decentralize the online adult industry and give power back to the people. We plan to offer users of the PronWorld platform to become part of the process and get involved in building an adult community like no other. We will reward anyone that helps us create the biggest database of actors, media content and a social platform to connect with others worldwide. We have found that offering a high-quality user experience leads to increased traffic and strong word-of-mouth promotion.

Our dedication, putting users first is reflected in three key commitments we have made to our users:

• We will do our best to provide the most possible transparency of user-profiles who can remain completely anonymous.
• We will do our best to provide the safest and protected payment operations, with a focus to reward every activity and contribution users make to our PronCoin ecosystem.
• We will never stop working to improve our user experience, tools for creating an exciting online community for adults.

We believe that our user focus is the foundation of our success. We also believe that this focus is critical for the creation of a long-term relationship. We do not want to jeopardize our user focus for short-term economic gain.

Corporate Information

PronWorld Blockchain Corporation is a blockchain company registered and regulated under GETON’s division Geton Plus – the Blockchain Companies registry.

In the scope of the enterprise sector, PronWorld Blockchain Corporation is operating through GETON d.o.o. Branch – PronWorld Blockchain Corporation, with registered office at Gosposvetska cesta 4a, 1000-Ljubljana, Slovenia, Reg. Number: 8210705003.

In the area of blockchain environment, PronWorld Blockchain Corporation is operating as a tokenized entity with digitalized operations, transparently shown on etherscan.io. The crypto-currency which is supporting all tokenized PronWorld’s operations and processes is Ethereum based ERC20 token, PronCoin (PRON).

PronCoinTM is registered trademark of GROSSUS d.o.o. in the EU and several other countries. All other trademarks, trade names and service marks appearing in this prospectus are the property of their respective holders.

Development timeline for PronWorld

Completed tasks:

Period:Activity:
Q1 2017, MarchFirst Idea and Meetings
Q2 2017, JuneProject Mockups
Q3 2017 SeptemberFinalizing the Concept
Q4 2017 NovemberProjects Starts
Q4 2017 DecemberDeploy of Token
Q1 2018 MarchToken Sale Ends
Q2 2018 JulyPronWorld Beta Version
Q1 2019 JanuaryDynamic Price Modeling Concept implementation

Prospectus #1 Tasks and objectives:

Date:Activity:
September 6th, 2019PronWorld Blockchain Corporation established
October 16th, 2019PronWorld Blockchain Corporation Prospectus #1

October 17th, 2019PronWorld platform official launch

Future development & goals @ PronWorld:

Period:Activity:
Q4 2019 ⟹ ∞I N T E R A C T I V I T Y

The relation between PronWorld Blockchain Corporation and Geton Platform

The Geton platform is a blockchain-based platform, operated by GETON d.o.o., Ljubljana, Slovenia with a purpose to be an environment, where the author of a creative business idea is able to develop such ideas of global reach and turn them into a successful and global business. The tools (accessories) to achieve such goal are strategically incorporated into the following Geton’s Divisions, each with a particular purpose:

Geton News

It’s a news portal. From the point of the genre, content is organized from investigative to science approach, whereby the concept is trinity of: blockchain, start-ups and Geton Project. Each of them is to be investigated and presented through the perspective of another’s two.

Geton News also serves for publishing the announcements regarding the development and progress of Geton’s Projects. It is the official protocol for informing communities.

The creative role and mission of Geton News are to organize and implement marketing activities for Geton Projects.

Geton Direct

On Geton Direct, the Blockchain Company, hosted on Geton Platform, is selling its tokens, declared as Available Circulating Supply and injected into the Liquidity Pool. These tokens origin either from buyback on the global market or buyback on Geton Exchange (obligatory 8% of Blockchain Company incomes from selling ACS).

Token Sale on Geton Direct is organized through the 2-level discount system, where verified users are able to recommend (refer) opportunity to others, invite them and gain an 8% or 16% discount, covered by income of the investor.

Geton Direct also schedule 24% of incomes to Geton Fund. This reserve is intended to secure and protect the exposure of Blockchain Company. Usage of these funds is exposed to voting by company founders and investors.

The management team should organize all management operations from a budget of 8%.

Remaining 32% of incomes are distributed between Blockchain Company founders and investors, according to their participation and credited to their accounts on Geton Direct.

Geton Direct is charging Blockchain Company with 4% fees from incomes.

In summary, the structure of financial flow on Geton Direct is:

                            24%       Geton Fund

                            16%       Discount for first level recommender

                              8%       Discount for second level recommender

                              8%       BuyBack on Geton Exchange

                              4%       Geton Fee

                            8%       BC Management Fee

                            32%       BC Founders & Investors income

Geton Exchange

Geton Exchange is a European cryptocurrency exchange, structured on blockchain technology. It is intended to offer a trading environment for holders of supported crypto-tokens in relation to EUR.

Commonly used and recognized cryptocurrencies (BTC, ETH,…) can be listed according to the voting process by Geton founders and holders of a given token, in special circumstances also by the interested public.

The primary principle of Geton Exchange is displaying the market capitalization (price x circulating supply) of a given token which is accurate only if the token price is calculated from the whole selling supply, taking into account the prices of all orders. And Geton Exchange makes it transparent and immutable.

The secondary principle of Geton Exchange is, that the trading volume of a given token is only true when the buyer is simultaneously buying the same amount of his/her orders from all sellers. Geton Exchange also has a solution to this problem.

Geton Plus

Basic role of Geton Plus is the registry of Blockchain Company, which offers registration of two types of Blockchain Companies:

  1. Blockchain Corporation, where investors automatically participate in the distribution of 40% of Blockchain Corporation’s token sales revenue through Geton Direct. This mechanism also allows increasing the amount of crypto-tokens which represents Blockchain Corporation’s basic capital. Decrease of this amount is always possible because any investor can freely withdraw their tokens from their wallet – without any approval! From that moment he/she loses the right to participate in the distribution of 40% of the Blockchain Corporation token sales through Geton Direct.
  2. Private Partnership, where the amount of company crypto-tokens remains the same as it was at the time of Ownership can be transferred directly between the founders and is not open to the public.

Companies, registered with Geton Plus operate through GETON d.o.o., legally organized as a Branch (P.E.), representing the rights and obligations of investors of a supported Blockchain Company.

At Geton Plus, investors can invest in Blockchain Company or its projects in accordance with the terms and conditions of a given Prospectus. In case of investments in a real project the funds are transferred to a subsidiary of a supported Blockchain Company and from there, invested to the project company. This company later provides rewards to investors.

Geton Fund

The Geton Fund purpose is to store and manage an undistributed portion of maximum supplies of hosted crypto-tokens. The use of these supplies is subject to the vote of Blockchain Company founders and investors, but in general, intended to develop and support new features and solutions.

Geton Fund is also a treasury and saves 24% of its proceeds from the sales of Blockchain Corporation tokens through Geton Direct.

About PronCoin (PRON) ERC20 token

The cryptocurrency used to support PronWorld Blockchain Corporation is ERC20 token, PronCoin (PRON) which smart contract was submitted for verification at Etherscan.io on December 23th 2017.

The maximum amount of issued PronCoin tokens was 6,900,000,000 where the number 69 symbolizes sexual position, also used as a baseline for creating the logo of the PronWorld platform.

PronCoin mission is to provide high-grade liquidity for blockchain-based project PronWorld.

Dynamic Price Modeling Concept @ PronCoin

The concept of dynamic price modeling is inseparable from the development of a business idea of global reach into a successful company, hence the price of crypto-token solely reflects the market share of the supported company.

In the case of PronWorld, the price of PronCoin depends on premium content sales on the platform where PronWorld is compensating sales to users according to the following table:

The premium content sales on the platform where PronWorld is also PronCoin’s price regulating mechanism which uses the algorithm, presented in the following table:

All detailed information about PronCoin, charts, and analyses are published on proncoin.io.

Terminology and definitions:

Maximum Supply: The best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.

Total Supply: Maximum supply minus any tokens (coins) that have been verifiably burned.

Burning: When a coin or token has been made permanently unspendable or unusable.

Circulating Supply: The best approximation of the number of tokens that are circulating in the market and in the general public’s hands. The Circulating Supply is a much better metric than Total Supply for determining the market capitalization.

Available Circulating Supply (ACS): Number of tokens that were circulating in the global market and been bought by Blockchain Company, injected into its Liquidity Pool and available to buy on Geton Direct platform. In general, the price of such tokens is 8 % lower than the price on Geton Exchange.

Market Capitalisation: Total capitalization of a cryptocurrency’s price. It is one of the ways to rank the relative size of a cryptocurrency.

PronCoin Supplies @ PronWorld Blockchain Corporation Prospectus

At moment of publishing the PronShare Blockchain Corporation Prospectus #1 are the PronCoin supplies as follows:

Kind of SupplySub AmountAmountSymbol
Maximum supply

6.900.000.000

PRON
Burn amount

6.800.000.000

PRON
Circulating supply from ICO

100.000.000

PRON
Circulating Supply held by ICO investors

34.942.048

PRON
Purchased Circulating Supply (buyback)

65.057.952

PRON
PronWorld Blockchain Corporation founding capital

137.614

PRON
AVN Las Vegas 2018 GiveAway

286.971

PRON
Venus Berlin 2018 Giveaway

12.790.000

PRON
PronWorld Beta Whitelisting

243.877

PRON
Supportive Supply (10/17/2019; 9.103.710 € /PRON price 2,18)

4.176.013

PRON
PronWorld Prospectus #1 Offering

69.000

PRON
Available Circulating Supply – Liquidity Pool

47.593.409

PRON

Reserved ACS (Available Circulating Supply) Offering for Prospectus#1

PronWorld Blockchain Corporation Prospectus #1 Offering is 69.000 PronCoins (PRON) from PronWorld’s Liquidity Pool – Available Circulating Supply per initial price of 6,90 EUR. Investors, like stakeholders, will participate at a 32% profit share of PronCoin sales from the Available Circulating Supply – together with initial founders of PronWorld Blockchain Corporation.

PronCoin Symbol:                                        PRON

Risk Factors

Risks related to investment in cryptocurrency

An investment in PronWorld Blockchain Corporation and subsequently in PronCoin should NOT apply to: »Invest as much as you are willing to lose completely! «, as it is often stated in disclaimers of projects, supported by crypto-tokens.

Investments in PronCoin do involve significant risks, despite the following measures reducing the exposure of PronCoin holders to a significant loss:

  1. The Circulating supply is transparently presented and displayed on etherscan.io
  2. The Available Circulating Supply represents the amount of PronCoins purchased by PronWorldd Blockchain Corporation in the global market and injected into the Liquidity Pool
  3. Price of PronCoin is strictly regulated by Geton’s Dynamic Price Modeling Concept and strictly depended on the PironWorld’s project volume
  4. PronWorld Users can use PronCoin as their internal currency, which can be converted into EUR
  5. PronWorld Blockchain Corporation will store 24% of the funds received from investments on Geton Fund as reserves, presented transparently at proncoin.com. The usage of these funds is subject to voting by company founders and investors.

Additionally, we need to expose the following risk factors, which you should read carefully before deciding whether to invest in PronWorld Blockchain Corporation.

Risks Related to Our Business and Industry

We face formidable competition in every aspect of our business, and particularly from other companies that offer blockchain solutions in scope of secure payments, transparency of user-profiles and transactions, protection of intellectual property and organizing the mechanisms for sustainable (passive) incomes.

If we do not continue to innovate and provide products and services that are useful to users, we may not remain competitive, and our revenues and operating results could suffer.

Our success depends on providing products and services that people use for high-quality user experience.

Letter From The Founder

PronWorld Blockchain Corporation is not a conventional company. We do not intend to become one. PronWorld is a privately held (tokenized) company, hence we are managing PronWorld differently than conventional company. On our unique online platform for adults, we are emphasizing an atmosphere of creativity and challenge, which helps us provide for users access to the online adult industry, enable complete anonymity and safety of payments and offer the mechanism for creating profit to users worldwide.

Now the time has come for our tokenized company to widely open to public ownership. This change will bring important benefits for our employees, for our present and future stakeholders, for our customers, and most of all for PronWorld users.

Therefore, we have implemented a corporate structure that is designed to protect PronWorld ability to innovate and retain its most distinctive characteristics. We are confident that, in the long run, this will benefit PronWorld and its stakeholders, old and new. We want to clearly explain our plans and the reasoning and values behind them. We are delighted you are considering an investment in PronWorld and are reading this letter.

I intend to write you a letter like this one every year in our annual report. I am asking that you read this letter in conjunction with the rest of this prospectus.

Serving End Users

I founded PronWorld in a conjunction with GROSSUS – Blockchain Solutions company and the main reason was because I believed we could provide an important service to the freelancing world—unbiasedly and transparently displaying real user profiles (KYC), 100% security and protection of payments/delivered services, protection of freelancer’s intellectual property, sustainable (passive) incomes from previous activities, secure investments in prosperous human resources. Serving our end users is at the heart of what we do and remains our number one priority.

Long-Term Focus

We will make business decisions by considering the long-term welfare of our company and our stakeholders and not based on accounting considerations.

Although we can discuss long term trends in our business, we do not intend to provide earnings guidance in the traditional sense. We are not able to predict our business within a narrow range for each quarter. We are aware that it is our duty to advance our shareholders’ interests, and we believe that artificially creating short term target numbers serves our stakeholders poorly.

Risk versus Reward in the Long Run

Our business environment changes rapidly and needs long term investment. We will not hesitate to place major bets on promising new opportunities.

The more users register on the PronWorld platform, the more they will use it once they realize what advantages it has. All the benefits of the platform will attract more and more new users, which will encourage them to be more creative in using the platform. And their activity will just boost the platform’s volume.

Corporate Structure

We are creating a corporate structure that is designed for stability over long time horizons. By investing in PronWorld, you are placing an unusual long term bet on the team, especially to me & GROSSUS Team, and on our innovative approach.

We want the PronWorld to become an outstanding platform when it comes to the online adult industry. Our mission is to establish a creative environment for both sides of users; consumers and creators of content, to allow them complete freedom in using the PronWorld platform and interaction inside this global community.

We believe we have a world-class management team impassioned by PronWorld’s mission and responsible for PronWorld’s success. This will help us achieve our mission and attract many users to PronWorld platform and expand the online community for adults. Our team is experienced in managing the online business and enough open-minded and creative to serve the goals of the company in the long term.

As an investor, you are placing a potentially risky long-term bet on the team. I and the management team are aware that our individual and collective interests are deeply aligned with those of the new investors who choose to support PronWorld.

ACS (Available Circulating Supply) Pricing And Allocation

It is important for us to have a fair process for our ACS Offering that is inclusive of both small and large investors. It is also crucial that we achieve a good outcome for PronWorld Blockchain Corporation and its current stakeholders. This has led us to pursue an ACS Offering for part of the entire supply. Our goal is to have a token price that reflects an efficient market valuation of PronCoin that moves rationally based on project volume in our business.

We are working to create a sufficient supply of tokens to meet investor demand at ACS Offering time and after. We are encouraging current shareholders to consider selling some of their PronCoin tokens on the open market as part of the offering. These tokens will supplement the tokens the company’s Available Circulating Supply to provide more supply for investors and hopefully provide a more stable price. I, among others am currently planning to sell a fraction of privately held tokens in the ACS Offering process. The more tokens current shareholders sell, the more likely it is that they believe the price is not unfairly low. The supply of tokens available will likely have an effect on the clearing price of the auction. Since the number of tokens being sold is likely to be larger at a high price and smaller at a lower price, investors will likely want to consider the scope of current shareholder participation in the ACS Offering. We may communicate from time to time that we are sellers rather than buyers at certain prices.

We would like you to invest in the long term, and you should not expect to sell PronCoin tokens for a profit shortly after PronWorld’s ACS Offering. We encourage investors not to invest in PronCoin at ACS Offering or for some time after, if they believe the price is not sustainable over the long term. Even in the long term, the trading price of PronCoin token on the global market may decline, On the Geton platform the price of PronCoin will constantly and strictly increase according to business expansion and rise of project volume. One of the important factors is also the fact, that PronCoin is a deflationary currency, and the burning process of Circulating Supply will cause the value of PronCoin tokens to increase over time even without fresh money constantly flowing into the market.

We intend to take steps to help ensure token holders are well informed. We encourage you to read this prospectus, especially the Risk Factors section. We think that short term speculation without paying attention to price is likely to lose you money, especially with our auction structure. In particular, we caution you that investing in PronWorld Blockchain Corporation through our auction could be followed by a significant decline in the value of your investment after the ACS Offering.

Pronsters

Our users, “The Pronsters”, are everything. PronWorld Blockchain Corporation is organized around the ability to attract and leverage the talent of exceptional technologists and business people. We have been lucky to recruit many creative, principled and hard working stars. We hope to recruit many more in the future. We will reward and treat them well.

Summary And Conclusion

PronWorld Blockchain Corporation is not a conventional company. I intend to operate PronWorld Blockchain Corporation together with GROSSUS Team differently, applying the values it has developed as a privately held (tokenized) company to its future as a public (tokenized) company.

Our mission and business description are available in the rest of this prospectus; we encourage you to carefully read this information. We will optimize for the long term rather than trying to produce smooth earnings for each quarter. We will continue to strive to attract new platform users worldwide, loyal consumers and creators of high-quality content for adults.

In this letter we have talked about our ACS auction method and our desire for stability and access for all investors. We have discussed our goal to have investors who invest for the long term. Finally, we have discussed our desire to create an ideal working environment that will ultimately drive the success of PronWorld Blockchain Corporation by retaining and attracting talented Pronsters.

Milan Kozlevcar

Selling the Blockchain Company Crypto-tokens

The investor to PronWorld Blockchain Corporation crypto-tokens has unlimited options to withdraw such tokens to any ERC20 wallet, which supports PronCoin (PRON) token. We suggest using MyEtherWallet, through which he/she can always access to token balance, independently from Geton or hosted Blockchain Company.

PronCoin tokens are possible to sell/buy through exchange CREX24.

Another option is to place a sell order on geton.exchange.

If the investor is also a verified member on pronworld.com, he/she has an option to place a sell order on PronWorld’s internal exchange.

Withdrawing tokens from Blockchain Company wallet causes the investor to lose the option to participate in the distribution of 32% of the Blockchain Corporation token sales through Geton Direct.

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