Service Fees

In accordance with paragraph 1 of Provision 12 of the Bitbon System Public Contract, the Bitbon System envisions a service fee paid by Bitbon System Users for using the Bitbon System infrastructure. The service fee is an implementation of the mechanism for providing access to the Bitbon System infrastructure and represents a deduction of a certain number of Bitbon digital asset units.

The terms of collection, the procedure for calculating and deducting service fees in the Bitbon System are determined in the Appendix to the Bitbon System Public Contract “Service Fees in the Bitbon System: the Procedure for Their Deduction and Distribution”. The service fee is calculated based on the base rate (hereinafter — BR).

Base rate
0.001 bitbons

Service Fees for Using Base Services

Bitbon Unit Transfer Service

Service function
Number of base rates
Number of Bitbon units
Transfer creation
100 BR
0.1
Transfer acceptance or cancellation

Assetbox Management Service

Service function
Number of base rates
Number of Bitbon units
Assetbox creation
300 BR
0.3
Editing Assetbox properties
10 BR
0.01

In accordance with the Roadmap, a service for creating digital assets is scheduled to launch in the Bitbon System. This service will allow Bitbon System Users to create their own digital assets, as well as keep records and manage property or personal non-property rights to various kinds of property. The service fee for transferring Users’ digital asset units will be 1 BR, i.e. 0.001 bitbons.

* The list of established service fees is not exhaustive and will be supplemented as base services of the Bitbon System and their functions are implemented in accordance with the Roadmap.

This section will also contain the mechanism for calculating the base rate. This mechanism is based on the principle that ensures the stability of the base rate value in relation to the currencies of different countries when the price of bitbon changes. That is, when the price of bitbon increases, the base rate value decreases.