The business attractiveness of Bitbon is laid down in its definition as a unit of measurement of property rights to Assets designated in Bitbons or Projectbons.
Bitbon has a unique feature — the opportunity for each Bitbon System Participant to determine a part of his/her property rights to Assets.
Bitbon is based on a core principle of its value formation regarding the cost of various types of Assets included in Bitbon via Projectbon Public Contracts of various projects and the prospects for their development.
One of the goals of the Bitbon System is to develop Contributing by creating Projectbon Public Contracts. Using Bitbon as an instrument for Contributing is understandable and predictable as it is predetermined by the terms and conditions of the current Projectbon Public Contracts of specific projects. All Projectbons, which enter the Bitbon Capitalization Fund as a result of automatic Contributing, are sent to further increase the Assets of Bitbon owners. In this case, Assets can include the following: real estate, bank deposits, machinery and production equipment, securities, patents, trademarks, know-how, shares in statutory funds and in other companies, shares in various projects with legal entities and individuals and other assets having business importance that contributes to Bitbon capitalization and the growth of its value.
To maintain the relevance of economic information on the current state of Assets under the terms of Projectbon Public Contracts, a Bitup-Agency reevaluates the Contractat’s Assets by making the obtained results and statistical information publicly available to all Users of the Bitbon System.
Taking into account that Bitbon capitalization will grow due to the management and development of existing Assets and acquisition of new ones with the high potential of their growth, Bitbon, without any doubt, is the best business solution and a legitimate way to maintain and multiply the capital.
1 Projectbon means a derivative instrument from a specific class of the Projectbon Public Contract intended for Contributing, which has unique attributes and properties with the ability to circulate only in the Bitbon System under the terms and conditions specified in the Projectbon Public Contract of a specific project. Projectbon represents obligations of the Contractat to the Bitbon System Users expressed in a legal form as well as an actual opportunity to monitor the fulfillment of obligations of the Bitbon System Users as a whole.
2 Projectbon Public Contract means a digital document of a certain class according to the classifier accepted in the Bitbon System, which defines and regulates: rights and obligations of the Contractat, Bitup-Agency and Contributors as well as the procedure, manner and conditions of their relations as three parties to the Projectbon Public Contract of a specific project; field of Projectbon use, as well as all products and operations that may be applied to Projectbon. The Projectbon Public Contract of a specific project can define the terms and procedures for Projectbon issuing, Bitbon and Projectbon transfer rules, procedure for repurchasing Projectbons from the Contributor as well as the reference to the procedure for evaluating Assets.
3 Contributing means a type of activity of a Bitbon System User aimed at receiving additional income from participation in the implementation of the selected business project under the terms and conditions of the Projectbon Public Contract of this project. The Contributing process starts when the User exchanges available Bitbons for Projectbons. The value of the Contributor’s Benefit is directly proportional to his/her share in Projectbons. The benefits of Contributing are shown as the income received in accordance with the amount of Projectbons that the Contributor is entitled to dispose of, at his/her sole discretion, at any stage of the business project implementation.
4 Bitbon Capitalization Fund means a component of the Bitbon System whose Assets are designated in Bitbons and Projectbons and which, like the Bitbon System as a whole, belongs to all Bitbon System Users in parts equal to the Bitbon amount in the Assetboxes of these Users. The purpose of the Bitbon Capitalization Fund is to provide a mechanism that allows the Bitbon System Users to directly manage the Bitbon System in the interests of all its participants in order to increase the volume of the Bitbon Capitalization that is generated through automatic Contributing of the Bitbon Capitalization Fund to Projectbons of specific projects on the basis of their admission to the IBO (Initial Business Offering) by Bitup-Agencies.
5 Bitup-Agency means a Bitbon System Participant, which has the right to make a decision on the admission of the Contractat’s project to the IBO (Initial Business Offering) and to supervise its implementation in the Bitbon System under the terms and conditions of the Projectbon Public Contract of a specific project by representing and protecting the Contributors’ interests.
6 Contractat means a company (legal entity registered and operating in accordance with the requirements of jurisdiction of which it is a taxpayer), or an individual, i.e. a person, participant of civil and other legal relations (holder of rights and obligations). The Contractat initiates creation of the Projectbon Public Contract of his/her own project, which is accepted into the Bitbon System on the basis of admission to the IBO (Initial Business Offering) by the Bitup-Agency.