If you are already familiar with the Bitbon System concept, you can go straight to the Roadmap and stages of development of the Bitbon System:

Go to Roadmap
History knows many vivid examples of young companies becoming the most profitable in the world in just a few years, with their products, services and technologies, in turn, rising in demand.

Their secret lies on the surface: these companies were the first to feel the moment of the emergence of fundamentally new markets with great potential and focused all their efforts on studying new ways of using the opportunities of such markets.

Simcord also started small. However, today, when the new market of information resources, products and services based on distributed ledger technologies is becoming a reality, we have already achieved a lot in the field of studying the future and the prospects of its development.
Now we would like to share several cases from history, when companies managed to successfully and timely use innovative technologies to introduce their ideas on entirely new and unoccupied markets.
$125 billion
U.S. dollars
With the discovery of the market of electronic computing tech, IBM became the biggest supplier of software and hardware to individuals, companies and even governments, which has been increasing the value of shares and profit of the company for over 100 years now.

Blockchain is the fundamental technology that the Bitbon System operates on, and the basis for the new market of information resources, products and services with unlimited potential.

Any technology cyclically goes through stages of its “maturity” from its emergence to stable commercial implementation.

This cycle was identified by the specialists of Gartner, Inc. based on the research, the results of which became the foundation for a new model of predicting and analyzing trends related to the emergence of new technologies.

The model shows how promising a particular technology is based on the degree of interest towards it from society and specialists.

The above model can be applied to the blockchain technology just like to any other innovation. You can see it by comparing the “Technology Hype Cycle” and the “Index of Interest in the Blockchain Technology” charts.

sphere sphere
Technology Hype Cycle
Trigger of Innovation
Peak of Inflated
Expectations
Trough of Disillusionment
Slope of Enlightenment
Plateau of Productivity

Trigger of Innovation: emergence of the technology and the beginning of discussions about its prospects.

Peak of Inflated Expectations: first companies and followers appear that try to apply this technology in its entirety and receive business advantages.

Trough of Disillusionment: it turns out that the technology has a lot of downsides, flaws and limitations, which leads to the decrease in mass interest.

Slope of Enlightenment: developers fix their mistakes, the technology becomes more convenient in its application, real audience grows and, over time, the product gains interest again.

Plateau of Productivity: the technology earned its spot on the market and became a convenient tool or solution in a specific field.

Index of Interest in the Blockchain Technology
Index of Interest in the Blockchain Technology
2011
2017
2019
As we can see, the same thing is happening and the blockchain technology is currently at the beginning of the slope of enlightenment of the maturity cycle of the technology.

This, in turn, gives solid ground for confidence that in the future, the blockchain technology and systems, services and tools based on it will have a stable growth of interest, popularity and demand in the plateau of productivity.

Today, blockchain is one of the most promising and progressive technologies

The emergence of the blockchain technology marked the beginning of the transformation of the digital economy into information economy.

The foundation of this economy is the universal equivalent, not money, but assets in digital form, which are managed through systems based on the blockchain technology.

What are the main advantages of the blockchain technology?
  • It ensures the security and transfer of data, including the data in property right registers.
  • It enables the direct exchange of information resources (values) without intermediaries and money.
  • It solves the problem of uncertainty for the level of trust in information in digital form, its source and transactions to be as high as possible.
  • It guarantees the inability to create copies of identifiers, to which digital assets refer.
  • It achieves the maximum level of transparency and decentralization of management.
  • It excludes the possibility of unauthorized removal or substitution of such information.
sphere
sphere sphere
Bitbon System

We offer a platform with a perfect model for transforming the existing form of socioeconomic relations into a more effective and transparent one for governments and society.

We are creating a new market of information resources, products and services based on this platform where the role of money is secondary, and people along with their values represented in digital form are of key importance.

Simcord

Simcord occupies a leading position in the field of creating innovative solutions for the financial and economic area and blockchain technologies.

Having many years of experience backed by our research, we state that the new market of information resources, products and services based on distributed ledger technologies is being formed, which means that those, who are at the origins of this market, will receive a huge advantage.

New market of information resources, products and services

In order to enable the exchange of values between users of such market through blockchain tokens, such tokens must refer to real assets, which means be digital assets and, therefore, comply with the International Financial Reporting Standards. You can see the basic principles of this process in the chart below:

Blockchain

A type of distributed ledger, which constitutes a sequential chain of generated transaction blocks built according to certain rules. At the same time, each subsequent block of the structure contains information about the previous one, so as a whole, the chain stores the entire history of completed transactions.

Blockchain Token

An accounting unit circulating in the distributed ledger by means of a transaction with a unique identifier.

Digital Asset

An information resource derivative of the right to a value and circulating in the distributed ledger in the form of a unique identifier.

Information Resource

Information structured and organized in a certain way, recorded on a tangible medium. This information can be stored, transferred, used and replenished. The information resource has the properties of practical significance and usefulness, as well as the possibility of multiple use.

Set of Rights to a Value
  • Right to own
  • Right to use
  • Right to dispose
Value
  • Property
  • Securities
  • Property rights
  • Services, works
  • Non-property rights
  • Digital assets
  • Other values
Blockchain-Based Market of Information Resources, Products and Services

Building a global market for equivalent exchange of products and services based on the blockchain technology without intermediaries

The use of a digital asset allows natural persons and business entities to estimate the main economic activity indicators, in particular, production volume, cost of production, profit and profitability.
To organize the new market of information resources, products and services based on distributed ledger technologies, we need a global scalable system to manage assets, as well as rights to own, distribute and use these assets without intermediaries. Simcord offers a universal solution for these tasks.
Financing of
projects
Market for exchanging
rights to a value
New way of
regulating
legal relations
Right to
the right principle
Owner of a digital asset

User that finances the project

WITHOUT BANKS

Financing happens through the use of digital assets by the Bitbon System Users

Issuer of a digital asset

Project that requires financing

Opportunities of the Bitbon System

The Bitbon System includes a set of innovative tools and services using which the Participants, Bitbon owners, will be able to fully own and effectively manage their rights to values in digital form.

Such values can include property, property rights, non-property rights, securities, services and works, digital assets, etc.

For Users

it is an opportunity to have a stake in promising projects, raise funds for their business on mutually beneficial basis without loans and receive additional benefit from participating in Consensus building mining and Infrastructure building mining in the Bitbon System.

For business

it is an opportunity to estimate the main economic activity indicators, in particular, production volume, cost of production, profit and cost-effectiveness of activity using digital assets. The Bitbon System also envisions a progressive equivalent exchanging of goods and services, as well as digital assets on a global market of digital assets based on the blockchain technology without intermediaries.

As you can see, the potential of the Bitbon System on the emerging market of information resources, products and services based on distributed ledger technologies is huge, which is why the opportunities of the Bitbon System are not limited to the ones mentioned above.
The key component of the Bitbon System is Bitbon, a digital asset and, in essence, an access token to functions and opportunities of the Bitbon System.
  • Bitbon is a single price equivalent in the Bitbon System, which shows the exchange value of all digital assets circulating in the System.
  • Bitbon can be used to pay transaction fees and create digital assets; to participate in building consensus in the Bitbon System; to vote and fund business projects; to pay for goods and services.
  • The legal nature of Bitbon allows operating it in full as an intangible asset within the legal framework when carrying out business activity.
100,000,000 Bitbons have been issued in total, which corresponds to 100% of rights of access to the Bitbon System,

therefore, the Bitbon digital asset provides its owner with the right to access a set of rights and obligations of the value (asset) owner, which is Simcord.

You can learn more about the structure of the asset of Simcord that includes the Company’s ownership of trademarks, logos, patents and software complexes presented in Appendix No. 2 to the Bitbon Protocol by following this link: http://bitbon.space/en/backing-of-bitbon-software-complexes

Bitbon
Information about rights to real values (assets) circulates in the Bitbon System in the form of digital assets, which guarantees reliability, completeness, transparency, security, anonymity, speed and absence of intermediaries.

The Bitbon System is intended for natural persons and business entities. Its opportunities are endless, and digital assets are classified according to the International Financial Reporting Standards as an information resource, intangible asset, which makes them clear for taxation and irreplaceable in organizing a new way of accounting and managing goods and material values.

Properties and attributes of the Bitbon digital asset, as well as the terms and conditions of its circulation in the Bitbon System are established by the Bitbon Protocol, which is available at the following link: https://s3.eu-central-1.amazonaws.com/bitbon-site/pdf/bitbon-protocol.pdf

Протокол Bitbon

All of the above-mentioned guarantees the ability to create new forms of socioeconomic relations based on the Bitbon System, which will contribute to the emergence and intensive development of new ways of building business based on using one’s own assets in digital form with economic effectiveness that surpasses traditional approaches hundred- and even thousandfold.

Please note that the number of Bitbons in the System is limited and amounts to only:
Bitbons

and additional issue is impossible.

max
100
million
The new market of information resources, products and services based on distributed ledger technologies will cover all currently existing markets of:
≈ $ 600
trillion
  • information
  • labor
  • currencies
  • products and services
  • securities
  • financial derivatives

These markets will certainly continue to exist, but for that, in light of the global trend towards digitalization and evolution of socioeconomic relations, they will need to transfer to a more advanced platform based on the blockchain technology.

The Bitbon System is that platform, its goal is to become one of the most effective databases for accounting and redistribution of any resources available to the global economy.

For 2019, according to the estimates of experts, capitalization of the global market of securities and markets of financial derivatives exceeds:
(six hundred trillion) U.S. dollars.
≈ $ 240
billion
We also know that the market of blockchain derivatives currently takes up only
% of this amount.
≈ $ 240
billion
Therefore, along with the development and expansion of the new market of information resources, products and services based on distributed ledger technologies, we expect a rapid increase in demand for the ability to manage values (assets) in digital form.
  • This is the reason why blockchain-based platforms, like the Bitbon System, have a great future.
  • Access to the functionality of the Bitbon System and, by extension, to the emerging market based on the blockchain technology, can be obtained only by owning Bitbon.

Roadmap

The development of the Bitbon System occurs in three main
stages, the tasks in which are divided into three areas and assigned one of three statuses over the course of implementation.
Development stages of the Bitbon System:
2015
2016
2017
2018
2019
1 Preparation
1 Preparation
2015–2017
2 Distribution
2 Distribution
2018–2019
3 Redistribution
3 Redistribution
2018

We would like to point out that the 3rd stage has no end date, since it represents the entire process of the future development and evolution of the Bitbon System.

To make it more comprehensible and convenient when searching for the information on the development processes of the Bitbon System, we have divided all tasks of the Roadmap into three areas by marking them with the corresponding colors:

In order for you to see what has already been done by our team, what we are working on and what is planned for the future, each task will be assigned one of three statuses over the course of implementation:

Stage 1 (2015–2017) Preparation (2015–2017)

The fundamental concept and development strategy of the Bitbon System were defined

The main tasks of the Bitbon System and ways of solving them were determined, as well as the long-term development strategy of the Bitbon System and Simcord.

Vision of the Future

Bitbon System Global Task

Completed
More details Collapse

The main terms and definitions were formed, which became the foundation for the model of interaction of all Bitbon System Users and mechanisms ensuring the operation of the System’s components

While developing the mechanisms of the Bitbon System, we discovered that a lot of concepts were missing in the modern scientific terminology. For that reason, we decided to create our own term base.

Why are new terms used in the Bitbon System?

View the terms and definitions of the Bitbon System

Completed
More details Collapse

The blockchain technology was chosen for technical implementation

The distributed ledger technology (blockchain) allows not only implementing the Bitbon System at the technical level, but also starting to realize the ideas of building a new socioeconomic model based on information resources.

What is blockchain?

Substantiation of the Term “Digital Asset”: Economic and Legal Aspects

Completed
More details Collapse

Registration of patents, copyrights and trademarks for the key components of the Bitbon System at the international level

Registration of intellectual property objects of Simcord is one of the key priorities.

Backing of Bitbon by the asset of SIMCORD LLC

Completed
More details Collapse

Proceeding to the practical implementation of tasks

Preparation for the process of attracting potential Partners and investors, as well as formation of the fundamental infrastructure of the Bitbon System.

Conference “Introducing the Bitbon System”

Completed
More details Collapse

Stage 2 (2018–2019) Distribution (2018–2019)

Pre-sale

From March 13, 2017 until March 12, 2018, 8,352,050 Bitbons were distributed by means of selling electronic Bitbon Certificates, where Simcord Advanced Marketing Solutions LLP was one of the parties to the “Agreement on Provision of Services of Distributing the Right of Access to the Bitbon System”.

Final Results of the Bitbon System Crowdsale

Agreement on Provision of Services of Distributing the Right of Access to the Bitbon System

Completed
More details Collapse

The methodology for the pricing of Bitbon was determined at the distribution stage

Up until October 10, 2018, the value of Bitbon was determined by a special formula and was calculated online depending on the number of purchased Bitbons:

Phormula

where
S1 — base number of Bitbons for the first level if 1 Bitbon = 1 USD;
N — level of Bitbon pricing;
SN — number of Bitbons of the N level;
S — current number of all purchased Bitbons;
P — current price of Bitbon;
PN — base price of the N level.

Essentially, the value of Bitbon at each price level was calculated based on the total number of Bitbons purchased at all previous price levels.

In the early stages of the Bitbon System development during the increase in Bitbon liquidity, the Bit Trade service provides for special temporary trading conditions with an increased commission for the sale of Bitbons (at the seller’s expense) in favor of participants in affiliate programs. According to these trading conditions, the commission is set automatically following the principle: the higher the sale price of Bitbon, the lower the commission is. Consequently, with the increase in the number of Bitbon owners, Bitbon trade circulation (liquidity) increases, its price rises and the commission decreases.

This approach is designed to provide optimal conditions for motivating Partners to attract more Users in the early stages of the Bitbon System development.

For what purpose was this method of Bitbon pricing selected during the pre-sale and crowdsale stages?

Bit Trade Buy and Sell Conditions

Completed
More details Collapse

Bitbon System Public Contract coming into effect

On March 10, 2018, the Bitbon System Public Contract was published and came into effect. It is a basic constitutive agreement between SIMCORD LLC, as the founder of the Bitbon System, and all Bitbon System Participants.

Bitbon System Public Contract

Completed
More details Collapse

Launch of blockchain based on the Ethereum technology

The Bitbon System’s blockchain was launched, which, in the early stages of the System’s development, is based on a separate version of the Ethereum blockchain.

Why does Simcord use a separate version of the Ethereum blockchain?

Completed
More details Collapse

1st stage of the Bitbon System decentralization

The Bitbon System was expanded with additional nodes: bch01 (Netherlands, Rotterdam), bch03 (Singapore, Singapore), bch04 (USA, West Des Moines). The Bitbon System’s network performance testing session was conducted. At the 2nd stage of the Bitbon System decentralization, the network’s expansion to 33 locations with new nodes based on the Community PoS Consensus is planned.

Blockchain Statistics

Completed
More details Collapse

Issue of 100,000,000 Bitbon units

Simcord, as the founder of the Bitbon System, issued 100,000,000 Bitbon units to allow Bitbon System Users to use the opportunities offered by the Bitbon System, as well as to allow Bitbon System Participants to exercise their right to direct management of the Bitbon System in the interests of all its Users.

Additional issue of Bitbons in the Bitbon System is impossible.

Bitbon Protocol

Completed
More details Collapse

Creation of the Bitbon System Capitalization Fund

Out of the total number of Bitbons, 70,000,000 Bitbon units were transferred to the Assetbox of the Bitbon System Capitalization Fund to be distributed through affiliated Partners.

Clause 5 of the Bitbon System Public Contract

Completed
More details Collapse

Launch of the Bit Trade Service with the ability to purchase Bitbon under the terms of the crowdsale

The first stage of the launch of the Bit Trade service took place on March 13, 2018 with the ability to purchase Bitbon and register Bitbon Certificates in the Bitbon System’s blockchain by using the tools of Bit Trade. From March 13 until October 10, 2018, the offer for the remuneration of Bitbon Promoters in the amount of 10% to 15% of the Bitbon sale was in place.

Final Results of the Bitbon System Crowdsale

Completed
More details Collapse

Internal crowdsale

From March 13 until June 16, 2018, 12,830,554 Bitbons were distributed using the network of Partners in different countries before the launch of the public crowdsale.

Final Results of the Bitbon System Crowdsale

Completed
More details Collapse

Launch of the Bitbon Space mobile app for Android and iOS operating systems with the access to the news of the Bitbon System

On May 16, 2018, the Bitbon Space mobile app was released for iOS and Android operating systems with the access to the news of the Bitbon System.

Completed
More details Collapse

The Appendix to the Bitbon System Public Contract “Terms and Definitions in the Bitbon System” was published

The Bitbon System uses a unique mechanism of interaction between its Participants and with the real sector of economy. This, in turn, requires the use of unique terminology to simplify the description and understanding of the Bitbon System processes.

Terms and definitions in the Bitbon System

Completed
More details Collapse

Public crowdsale

From June 17 until October 9, 2018, 5,753,157 Bitbons were distributed by means of advertising campaigns and the network of Partners in different countries.

Final Results of the Bitbon System Crowdsale

Completed
More details Collapse

Creation of the Mining Fund

On October 9, 2018, 30,000,000 Bitbons were transferred from the Bitbon System Capitalization Fund to the Mining Fund in order to develop the decentralized execution environment of the Bitbon System. Thus, taking into account the sale of Bitbon at the crowdsale stages, the Bitbon System Capitalization Fund has 21,016,289 Bitbon units left to participate in Contributing.

Consensus building mining of the Bitbon System

How Bitbon System Users Interact in the Contributing Process

Completed
More details Collapse

Stage 3 (2018 – 2019) Redistribution (started in 2018 along with the 2nd stage)

Please note that additional tasks with the “planned” status may be added to the Roadmap at the 3rd stage of the Bitbon System development.
It is due to the fact that, over the course of development and promotion of the Bitbon System, there is a need for constant adjustment of the System to the conditions of the rapidly developing modern world.
It should also be noted that there is no direct correlation between the numbers of the tasks with the “in progress” and “planned” statuses in the list and the order of their implementation.
Such tasks will be completed depending on their priority and will be added in chronological order with the “completed” status. We will notify you of them in the relevant news articles on the official information resources of the Bitbon System.

Launch of the Affiliate Program

On June 17, 2018, the Affiliate Program was launched on Bit Trade, the purpose of which is to help increase the number of Bitbon owners as well as increase the Bitbon trade circulation (liquidity) and its value. Participants in this program can receive additional income at the seller’s expense from direct sales of Bitbon. Special tools, namely referral links to the Bitbon Space and Bit Trade websites, are provided to attract new Bitbon System Users. These links are placed on public web resources.

Bit Trade Buy and Sell Conditions

Completed
More details Collapse

The Appendix “Making Amendments and/or Additions to the Bitbon System Public Contract” was published

This Appendix determines the order and requirements for making amendments and/or additions to the Bitbon System Public Contract, as well as to the Appendices specified in Clause 12 of the Bitbon System Public Contract in order to ensure transparency of operation of the Bitbon System.

Making Amendments and/or Additions to the Bitbon System Public Contract

Completed
More details Collapse

Community PoS Consensus building algorithm was announced

The main objective of the Community PoS algorithm is to ensure complete decentralization of publication and verification of transaction blocks with the high level of network performance and guaranteed short interval of waiting for the confirmation of transaction completion.

Consensus Building Using the Community PoS Algorithm in the Blockchain Network of the Bitbon System

Completed
More details Collapse

The scientific paper “Substantiation of the Term “Digital Asset”: Economic and Legal Aspects” was published

As part of his scientific and research activity, Alexander Kud conducted the etymological analysis of the term “digital asset” that included four approaches: economic, legal, information and value. The research was based on the need of the most precise definition of this term in the economic and legal aspects. All components of the definition of digital asset were analyzed, and the connection between them was identified and proven.

Substantiation of the Term “Digital Asset”: Economic and Legal Aspects

Completed
More details Collapse

The methodological manual “Methodology for Determining Whether a Blockchain Token Corresponds to a Digital Asset” was developed and registered in scientometric bases

This methodological manual developed by Alexander Kud is the fundamental instrument for conducting the test of correspondence of characteristic indicators of any blockchain token to a digital asset.

Upon successful completion of this test, the blockchain token receives the status of a digital asset and, therefore, can be used in accordance with the International Financial Reporting Standards in the existing legal field without the need to create or introduce additional norms of regulation from governments.

The manual is intended for specialists in the fields of information and digital economies, lawyers, financial organizations and representatives of business communities.

You can view the result of completing the independent test taking the Bitbon blockchain token as an example by following the link:

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

You can learn more about the process of determining a blockchain token’s correspondence to a digital asset, as well as read the manual itself by following the link: https://www.digitalassettest.org

Completed
More details Collapse

Publication of a scientific paper, the monograph “Digital Assets and Their Economic and Legal Regulation in the Light of the Blockchain Technology Development”

As part of the scientific and research activity aimed at studying the issue of complete operation of the Bitbon System in the legal field, Alexander Kud considered the matters of essence and purpose of digital assets as a fundamental economic and legal phenomenon, the emergence and application of which was possible due to the development of distributed ledger technology (blockchain) as a response to the global digitalization of the international socioeconomic system.

The substantiation of the term digital asset in the economic and legal aspects and unique features of legal regulation of digital assets allow stating the high level of their applied significance for the global community and prospects for the substantial changes that occur in the socioeconomic, political and legal fields. Taking into account the practical significance of digital assets, a special attention in the paper is paid to the methodology for testing any blockchain token’s correspondence to a digital asset.

The monograph is intended for specialists in the fields of information and digital economies, lawyers, financial organizations and representatives of business communities.

This paper is distributed for free and has two editions, one of which is extended. The monograph will soon be available in electronic form here:

Digital Assets and Their Economic and Legal Regulation in the Light of the Blockchain Technology Development

Completed
More details Collapse

The Scientific and Legal Opinion “Legal Nature of the Bitbon System’s Functioning” was received

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.

Scientific and Legal Opinion “Legal Nature of the Bitbon System’s Functioning”

Completed
More details Collapse

The Scientific and Legal Opinion “Digital Assets as an Object of Legal Regulation” was received

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 determining whether it belongs to the category of objects of legal regulation.

Scientific and Legal Opinion “Digital Assets as an Object of Legal Regulation”

Completed
More details Collapse

The Scientific and Legal Opinion “Determining Whether the Bitbon Blockchain Token Corresponds to a Digital Asset” was received

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 analysis of the Bitbon blockchain token’s correspondence to a digital asset. The research in this Opinion is based on the approach presented in the methodological manual “Methodology for Determining Whether a Blockchain Token Corresponds to a Digital Asset”.

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

Scientific and Legal Opinion “Determining Whether the Bitbon Blockchain Token Corresponds to a Digital Asset”

Completed
More details Collapse

Rebranding of the Bitbon Space mobile app to One Space

One Space is a socially-oriented resource of the Bitbon System that has the required functionality and set of tools that in the future will allow:

  • exchanging text messages with and calling other Users of the System, creating information channels and keeping up-to-date with the news;
  • managing and exchanging digital assets, paying for products and services with them, using the system of discounts and savings;
  • managing your accounts, as well as properly conducting business of any scale, attracting investors, finding projects for financing and participating in the development of the Bitbon System.

Download for Android

Download for iOS

Completed
More details Collapse

The Bitbon Protocol was updated and Simcord’s assets were expanded

The Bitbon Protocol is the foundation for the legally protected exercise of the owners’ property right to the Bitbon digital asset in accordance with all accepted international standards. It confirms that Bitbon is backed by real assets (asset of SIMCORD LLC) and allows classifying Bitbon as an intangible asset in accounting in accordance with the International Financial Reporting Standards 38 “Intangible Assets” and, therefore, allows using Bitbon in the current international legal field.

Bitbon Protocol

Completed
More details Collapse

Entering the Bitbon digital asset in the balance sheet of an enterprise as an intangible asset

From the moment of publication of the updated Bitbon Protocol that confirms the legal nature of the Bitbon blockchain token backed by the asset of SIMCORD LLC, the ability of representing Bitbon in accounting (financial) reports as an intangible asset is confirmed for the use by natural persons and business entities.

Bitbon Protocol

Completed
More details Collapse

The ability to register own Space ID is available

In the early development stages of the Bitbon System, Bit Trade is temporarily performing the functions of the registrar of Space IDs of Bitbon System Users. This means that each account on the Bit Trade is automatically assigned a Space ID, which the User will be able to use to get access to his/her account in the Bitbon System in the future.

Completed
More details Collapse

Global update of the Bitbon Space website

With this update, Bitbon Space received not only a modern design and user interface, but also an advanced technical and information architecture for proper implementation of the functionality built in the Bitbon System.

By means of the published materials, the updated Bitbon Space will allow for a better understanding of the principles and mechanisms of interaction of Bitbon System Users with the real sector of economy on the new market of information resources, products and services based on distributed ledger technologies.

Completed
More details Collapse

2nd stage of the Bitbon System decentralization

The Ethereum PoW consensus algorithm was replaced with Community PoS developed by Simcord. At this stage, the Community PoS algorithm is used with a representative set of Assetboxes to ensure the functioning of Community PoS until the launch of Consensus building mining in the Bitbon System.

As a result of launching the new algorithm, the energy consumption of servicing tokens of the Bitbon System decreased, while the transaction processing speed increased to 5,000 per second, which brings the efficiency of the Bitbon System blockchain closer to the transaction processing speed of global financial networks, such as Visa and Mastercard.

Completed
More details Collapse

Publication of the Appendix to the Bitbon System Public Contract “Mining in the Bitbon System”

This Appendix determines the fundamental principles and the order of implementing mining in the Bitbon System, specifies the status of a Bitbon System Miner, as well as regulates his/her rights and duties in order to ensure support and development of the decentralized execution environment of the Bitbon System.

Mining in the Bitbon System

Completed
More details Collapse

System of remuneration for Consensus building mining

The development of a concept that will ensure transparent, rational and beneficial distribution of remuneration to the Bitbon System Users for participation in Consensus building mining.

Completed
More details Collapse

Launch of Consensus building mining

Consensus building mining of the Bitbon System is a completely new way of mining in the world practice of using the blockchain technology due to an innovative approach to engaging the Bitbon System community, which ensures an exceptional level of trust in the System’s digital assets and in the Bitbon System as a whole.

Consensus building mining is provided for in Clause 61 of the Bitbon System Public Contract and is an operating mechanism for maintaining the decentralized execution of the Bitbon System, as well as a legal and accessible source of additional income for the Bitbon System Participants for using their resource in the form of Bitbon when signing transaction blocks.

This mining method uses the Community PoS algorithm, which ensures complete decentralization of the publication and verification process of transaction blocks with stably high level of network performance and a low guaranteed interval of waiting for confirmation of transaction completion.

All about Community PoS Mining

Completed
More details Collapse

1st stage of launching Infrastructure building mining

The 1st stage is characterized by the start of operation of the Community PoS algorithm in providing the infrastructure of the Bitbon System. Thus, Infrastructure building mining of the Bitbon System is carried out by the sole Bitbon System Operator independently until the full implementation of the Simcord blockchain with the ability to connect their nodes by other Users.

According to Clause 66 of the Bitbon System Public Contract, the Bitbon System is currently developing under the terms of the transition period, which means that the Bitbon System Participants empower Simcord to solely perform the duties of the Bitbon System Operator.

Thus, until the community of the Bitbon System is able to fully provide its infrastructure, Simcord undertakes to independently carry out Infrastructure building mining using its own technical and intellectual resources to expand and support the Bitbon System blockchain node network.

Please note that the remuneration for Consensus building mining and Infrastructure building mining will be distributed from the Mining Fund in equal parts. This means that the total remuneration of all participants in Consensus building mining will be equal to that of the participants in Infrastructure building mining.

Therefore, Simcord as the only current participant in Infrastructure building mining will receive remuneration equal to the total remuneration of all participants in Consensus building mining. Simcord will use this remuneration as the Bitbon System Participant, including for creating and implementing innovative solutions, as well as supporting, updating and developing the intellectual software and hardware infrastructure of the Bitbon System.

Please note that at the 2nd stage of the launch of Infrastructure building mining with the option for Users to engage their own nodes, the remuneration from the Mining Fund will be distributed among all participants in this mining (including Simcord), taking into account the quality of all the resources involved in accordance with Clause 61 of the Bitbon System Public Contract.

Completed
More details Collapse
In progress:

Launch of the One Space website

One Space is a social resource of the Bitbon System ensuring, first of all, organization and interaction between the Bitbon System Users when any types of activities stipulated by the Bitbon System Public Contract are conducted.

One Space is intended for managing values using digital assets, as well as for participating in the development of business ideas, searching for business projects funding, communicating with friends, colleagues and partners in chats and public channels.

One Space

In progress
More details Collapse

Accounts for businesses and Bitup-Agencies in the Bitbon System

Special accounts for Users interested in the use of services and digital assets of the Bitbon System to start and develop their businesses on the new emerging market of information resources, products and services based on distributed ledger technologies.

In progress
More details Collapse

Launch of the Bonpay service

The Bitbon System Users will be able to transfer Bitbon digital assets between Assetboxes using QR codes through Bonpay. This service also provides an opportunity to pay for products and services by Bitbon digital assets.

In progress
More details Collapse

Implementation of the service for managing digital assets using One Space

The ability to create, manage and keep accounting of digital assets is one of the key services of One Space. Thus, upon implementation of this functionality, the Bitbon System Users will get an easy-to-use and intuitive interface that will allow them to instantly transfer Bitbons worldwide without intermediaries and view reports on digital asset transactions with the highest level of protection against an unauthorized third-party access.

In progress
More details Collapse

Launch of Safebox as a component of a decentralized exchange

The Bitbon System Participants will be able to create a separate cell (Safebox) in the blockchain to confidentially and safely store their Bitbons and send them in full to another User in accordance with the conditions established by a Safebox owner.

Additional information

In progress
More details Collapse

Application Programming Interface (API)

The development of a complex of software solutions that allow integrating the services and components of the Bitbon System into Partners’ information resources for mutually beneficial cooperation using digital assets of the Bitbon System.

In progress
More details Collapse

Publication of source codes of the Bitbon System node software in the GitHub repository of Simcord

In accordance with Clause 51 of the Bitbon System Public Contract and following the principle of openness and transparency of its activities, Simcord as the first Bitbon System Operator will provide the Bitbon System software algorithms for an open audit in the GitHub repository of Simcord.

In progress
More details Collapse

Listing of Bitbon on various exchanges and services

The works are currently being conducted to allow exchanging Bitbon digital assets for other digital instruments and currencies on various exchanges and services after their authorization.

Names of such exchanges and services as well as links to their websites will be published in a special section of the Bitbon Space resource. The list of exchanges and services on the page will be built according to random rotation algorithms, regardless of their functionalities, to ensure equal conditions for all exchange services that offer the Bitbon digital asset.

Cooperation offer
List of authorized exchanges and services

In progress
More details Collapse

Launch of the Bon exchange service

Bon Exchange is a completely decentralized integrated service that allows the Bitbon System Users to securely and equally exchange digital assets without intermediaries and commissions based on the decentralized execution environment of the Bitbon System.

In progress
More details Collapse

Launch of the Indices and Quotes service

This service will provide the structured statistical information on indices and quotes of the Bitbon System digital assets in real time.

In progress
More details Collapse

Launch of the Registers service

This service will allow receiving information on all digital assets registered in the Bitbon System in real time.

In progress
More details Collapse

Publication of the Appendix to the Bitbon System Public Contract “Digital Asset Protocols in the Bitbon System”

The Appendix will contain a set of templates and detailed instructions necessary for the Bitbon System Users to create their digital assets.

In progress
More details Collapse

Publication of the Appendix to the Bitbon System Public Contract “Rules of Transferring Digital Assets in the Bitbon System”

The Appendix will contain rules and conditions for transferring digital assets by the Bitbon System Users between Assetboxes using interface solutions for digital asset management implemented in the Bitbon System.

In progress
More details Collapse

Publication of the book “Bitbon System. Vision of the Future”

The book will reveal the potential of using digital assets in the Bitbon System on a global scale and in certain examples, i.e. business and everyday life. The ways of application of digital assets as accounting units for the value of products and services in accounting, investment, logistics and other fields will be considered as well.

In progress
More details Collapse

Publication of the book “Digital Asset as a New Way of Regulating Legal Relations Based on the Blockchain Technology”

This book will cover the role of digital assets in the process of transformation of socioeconomic relations in the age of blockchain-based information platforms. The author will describe the aspects of the digital asset phenomenon, as well as a new concept of the model of legal relations with an independent regulatory authority. The reader will learn about the types of digital assets, the possibility of building trust-based relations, the principle of equality in legal relations based on the blockchain technology as well as about a new way of recording the performance of obligations, registering, protecting and acknowledging the rights.

In progress
More details Collapse
Planned:

Launch of the service for creating digital assets

Planned

Launch of the service for creating service tokens

Planned

Launch of the “Bitbon System Capitalization” service

Planned

Business Bon Protocol

Planned

Currency Bon Protocol

Planned

Property Bon Protocol

Planned

Non-Property Bon Protocol

Planned

Commodity Bon Protocol

Planned

Proprietary Bon Protocol

Planned

Launch of the messenger with the ability to perform calls and create chats based on One Space

Planned

Creation of public channels with special abilities based on One Space to form a social network of a new generation

Planned

Connection of merchants and outlets

Planned

Launch of the system for preparing and licensing Bitup-Agencies

Planned

First Projectbon Protocols (start of interaction with the real sector of economy)

Planned

Launch of a special website service for testing a blockchain token’s correspondence to a digital asset

Planned

3rd stage of the Bitbon System decentralization

Planned

2nd stage of launching Infrastructure building mining

Planned

Transition of the Bitbon System’s infrastructure from the private Ethereum blockchain to the public Simcord blockchain

Planned

Localization of the official information resources of the Bitbon System in 12 languages

Planned

Integration of trading networks into the Bitbon System

Planned

Launch of the global discount system based on the Bonpay service that would unite various fields of business into one global system of discounts and savings

Planned

Ability to participate in various business projects through Projectbon using One Space

Planned

Evolution of the network (nodes) of the Bitbon System into an autonomous and decentralized structure

Planned

Uniting all Bitbon System Users into one business oriented network of a new generation

Planned

A single account that stores personal data in the decentralized environment with the ability to synchronize with all third-party services that support the Space ID standard

Planned

Launch of social saving programs in order to ensure the proper quality of life with guaranteed income

Planned

Creation of a single global system for purchasing and selling products and services based on Simcord blockchain

Planned

4th stage of the Bitbon System decentralization

Planned

Publication of the Appendix to the Bitbon System Public Contract “Service Token or Digital Asset (Access Token) Creation Process in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Code of Ethics of the Bitbon System Decentralized Autonomous Community”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Service Token Protocols in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Properties and Attributes of Service Tokens in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Rules of Decentralized Exchange of Digital Assets in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Rules of Using Service Tokens in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Transaction Commissions in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Legal Nature of the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Bitbon System Management”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Bitbon System Capitalization Fund”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Bitup-Agency’s Functions in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Rules of Contributing”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Bitbon System Operator”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Use of Digital Assets for Mutual Settlements for Goods, Works and Services in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Resolving Disputes Between Bitbon System Users”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Resolving Issues of Digital Asset Inheritance in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Bitbon System Account”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Anti-Money Laundering Policy”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Privacy Policy in the Bitbon System”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Policy of Rights and Freedoms of Bitbon System Users”

Planned

Publication of the Appendix to the Bitbon System Public Contract “Properties and Attributes of Digital Assets in the Bitbon System”

Planned
Please note that, in accordance with the plan described above, some components of the Bitbon System are still being developed or prepared for launch, but Bitbon owners can already use the existing services. We recommend you to purchase Bitbon and join the community.