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Bitbon Protocol

protocol

Bitbon Protocol is the foundation for the legally protected implementation of the owner’s property right to the Bitbon digital asset in accordance with all accepted international standards. It confirms the backing of Bitbon by real assets and allows classifying Bitbon as an intangible asset in accounting according to the International Financial Reporting Standards and, therefore, gives the ability to use Bitbon in the current international legal field.

Bitbon Protocol is the final document of creating the “Bitbon Protocol” information resource derivative of the nonmonetary asset “Infrastructure Asset of the Bitbon System — Simcord” kept on the balance sheet of SIMCORD LLC, EDRPOU 37657823. The Bitbon Protocol establishes the following: access to the digital asset protocol; number of Bitbon access token accounting units; attributes and properties of the Bitbon digital asset; terms and conditions of transferring the Bitbon digital asset; the Bitbon Protocol execution procedure.

Open Bitbon Protocol
protocol
Below are the Appendices
that are an integral part of the Bitbon Protocol:

Appendix No. 1
Bitbon System Public Contract

Bitbon System Public Contract is a social contract of constitutive (statutory) nature between SIMCORD LLC (EDRPOU 37657823), the Bitbon System founder and the first Bitbon System Operator, and all Bitbon System Participants. The Bitbon System Public Contract sets forth the rights and duties of all Participants arising from the management of the Bitbon System, as well as stipulates the capabilities of its Users. All the Bitbon System community shall observe this Agreement.

The Bitbon System Public Contract identifies tasks and objectives of the Bitbon System, determines and establishes the basis for its development, ensures the Bitbon Protocol execution, as well as stipulates a set of basic terms and conditions for the creation and use of digital assets of the Bitbon System, fulfillment of which is mandatory for all Bitbon System Users.

You can read the full version of the Bitbon System Public Contract by following the link: http://bitbon.space/en/bitbon-system-public-contract

Appendix No. 2
Asset of SIMCORD LLC

This Appendix is an extract from the inventory passport to the nonmonetary asset “Infrastructure Asset of the Bitbon System — Simcord”, which contains a single group of the Company’s property included in this nonmonetary asset, as well as information on such property. The information provided in this extract is public and stored in the corresponding state registers and open sources.

You can read the full version of Appendix No. 2 Asset of SIMCORD LLC by following the link: https://information-resources.bitbon.space/pdf/assets-simcord.pdf

Appendix No. 3
Agreement on Provision of Services of Distributing the Right of Access to the Bitbon System

This Agreement is aimed at distributing Bitbons and attracting the maximum number of Bitbon System Participants to organize the Bitbon System Decentralized Autonomous Community in order to create and develop the international market of information resources, products and services based on distributed ledger technologies.

You can read the full version of this Agreement by following the link: https://information-resources.bitbon.space/pdf/agreement-on-the-provision-of-services-for-the-extension-of-the-right-to-access-the-bitbon-system.pdf

Appendix No. 4
Agreement on Assignment of the Right of Access to the Bitbon System Services

This Agreement is aimed at organizing the redistribution of Bitbon accounting units to provide Bitbon System Users, through access to the services of the Bitbon System, with an opportunity to be involved in the market of information resources, products and services based on distributed ledger technologies and, therefore, increase the number of participants in this market.

You can read the full version of this Agreement by following the link: https://information-resources.bitbon.space/pdf/agreement-on-the-transfer-of-rights-to-access-the-bitbon-system.pdf

Appendix No. 5
Scientific and legal opinion “Legal Nature of the Bitbon System’s Functioning”

The Opinion of the National Academy of Legal Sciences of Ukraine, EDRPOU 00065028, at the request of SIMCORD LLC, EDRPOU 37657823, on conducting the scientific and legal analysis of the Bitbon System’s functioning.

You can read the full version of this Opinion by following the link: https://information-resources.bitbon.space/pdf/nauchno-pravovoe-zaklyuchenie-pravovaya-priroda-funkcionirovaniya-sistemy-bitbon.pdf

Appendix No. 6
Scientific and legal opinion “Digital Assets as an Object of Legal Regulation”

The Opinion of the National Academy of Legal Sciences of Ukraine, EDRPOU 00065028, at the request of SIMCORD LLC, EDRPOU 37657823, on conducting the scientific and legal analysis of the term “digital asset” and its relation to the category of objects of legal regulation.

You can read the full version of this Opinion by following the link: https://information-resources.bitbon.space/pdf/nauchno-pravovoe-zaklyuchenie-cifrovye-aktivy-kak-obekt-pravovogo-regulirovaniya.pdf

Appendix No. 7
Scientific and legal opinion “Determining Whether the Bitbon Blockchain Token Corresponds to a Digital Asset”

The Opinion of the Research Center of Economic and Legal Solutions in the Area of Application of Distributed Ledger Technologies, EDRPOU 43370506, at the request of SIMCORD LLC, EDRPOU 37657823, on conducting the diagnostics of the Bitbon blockchain token’s correspondence to a digital asset. The research within the context of this Opinion is based on the approach presented in the methodological manual “Methodology for Determining Whether a Blockchain Token Corresponds to a Digital Asset”.

You can read the full version of this Opinion by following the link: https://information-resources.bitbon.space/pdf/scientific-and-legal-opinion-diagnostics-of-a-bitbon-blockchain-token-conformity-a-digital-asset.pdf

Doc 7

Certificate of the Bitbon blockchain token’s correspondence to a digital asset

The definition of Bitbon as a digital asset is the foundation for the legally protected implementation of owners’ property right to their Bitbon accounting units in accordance with all accepted international standards. The property right to the Bitbon digital asset can also be represented in accounting documentation as an intangible asset in accordance with the International Financial Reporting Standards 38 “Intangible Assets”.

You can view the certificate by following the link: https://information-resources.bitbon.space/pdf/certificate-bitbon.pdf