Bitbon Crypto Value is based on an integral system of properties, allows determining the value of any property and has a process organization function as it is a key component of the Bitbon System that allows each System User to profitably and safely exercise his/her right to own and dispose of such a value, which is based on the potential of the development of global social significance in all spheres of public life.
Crypto asset is a digital derivative financial instrument, which has all the properties of a crypto currency, issued by a company or a group of individuals in order to attract financial resources to implement promising projects or to acquire Assets for capitalization. The crypto asset serves as an instrument, which guarantees the identification of the crypto asset owner with the fulfillment of obligations of the issuer to the crypto asset holder.
Crypto currency is a digital asset, recording of which is decentralized; cryptography is used to ensure consistency of the chain of transaction blocks in the Blockchain.
|3||Protection from illegal use|
|4||Bitbon Public Contract|
|5||System of management of property rights to Assets|
|12||Security of transaction execution|
1 Bitbon 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 Bitbon Public Contract of a specific project; field of Projectbon use as well as all products and operations that may be applied to Projectbon. The Bitbon 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.
2 Smart Contract means an electronic algorithm that describes a set of conditions, implementation of which entails some events in the real world or in digital systems. To implement the conditions specified in the Smart Contract, a decentralized environment completely excluding the human factor is needed.
3 Digital value means an Asset (property or other values) shown as an alphanumeric identifier and registered in the Blockchain.