Service Fees in the Bitbon System: the Procedure for their Deduction and Distribution

The Appendix to the Bitbon System Public Contract “Service Fees in the Bitbon System: the Procedure for their Deduction and Distribution” (hereinafter — Appendix) determines the terms of collection, the procedure for calculating, deducting and distributing service fees in the Bitbon System.

SECTION 1. GENERAL PROVISIONS

Chapter 1. Terms and Definitions

Article 1. Use of Terms

1. The terms used in this Appendix shall be interpreted in accordance with the definitions given in the Appendix to the Bitbon System Public Contract Terms and Definitions in the Bitbon System Social Network.

Chapter 2. Subject and Structure of the Appendix

Article 2. Subject of the Appendix

1. This Appendix regulates relations between Bitbon System Users (hereinafter — User) that arise in the process of deducting service fees in the Bitbon System (hereinafter — service fee).

2. This Appendix establishes the list of service fees, the procedure for their calculation, deduction and distribution in the Bitbon System.

Article 3. Structure of the Appendix

1. This Appendix consists of the preamble, sections, chapters, which consist of articles that include parts and paragraphs. The structure of the Appendix includes links and references to the Provisions of the Bitbon System Public Contract, as well as to separate Appendices, which are an integral part of the Bitbon System Public Contract.

SECTION 2. OPERATIVE PROVISIONS

Chapter 3. Service Fees in the Bitbon System

Article 4. Service Fee in the Bitbon System and Base Rate of the Service Fee

1. In accordance with paragraph 1 of Provision 12 of the Bitbon System Public Contract, the Bitbon System envisions a service fee paid by Users for using the Bitbon System infrastructure.

2. 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 (hereinafter — Bitbon unit).

3. The service fee is calculated based on the base rate of the service fee (hereinafter — base rate, BR).

4. The base rate is the initial value expressed in Bitbon units for calculating the service fee.

5. The service fee is established to maintain and develop the Bitbon System infrastructure.

Article 5. Procedure for Establishing the Base Rate of the Service Fee

1. The base rate is determined on an autonomous basis using a specialized calculation mechanism that takes into account the dynamics of a basket of national currencies. The mechanism for calculating the base rate is based on the principle that ensures the stability of the base rate in relation to the currencies of different countries when the price of bitbon changes.

2. The mechanism for calculating the base rate is published on the official information resource of the Bitbon System in the “Audit and Statistics” section on the website https://www.bitbon.space.

3. Until the implementation of the mechanism for autonomous calculation of the base rate specified in the Bitbon System Roadmap, the base rate is established by the Bitbon System Operators at the level of 0.001 bitbons.

Article 6. Size of Service Fees in the Bitbon System

1. The size of the service fee for using certain functions of the base services of the Bitbon System (hereinafter — base service) is established by the Operators.

2. The procedure for determining the service fee for using certain functions of the base services is established by the terms and conditions for using a specific base service.

3. The following fees are established for using the Bitbon System infrastructure:

Bitbon Unit Transfer Service

Service function
Service fee
Transfer
creation
100 BR
Transfer acceptance or cancellation
No
Transfer history view
No

Assetbox Management Service

Service function
Service fee
Assetbox creation
300 BR
Assetbox property change (icon, info, alias)
10 BR
Assetbox deletion
No

* The current value of the base rate in relation to Bitbon is available in the Audit and Statistics section.

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

Article 7. Procedure and Conditions for Deducting the Service Fee in the Bitbon System

1. Access to a specific base service is provided automatically after deducting a service fee.

2. The service fee is considered deducted from the moment it is deposited to the Assetbox of the Bitbon System service fee fund.

3. The service fee is deducted in Bitbon units.

4. The service fee is rounded up to the eighth decimal place.

5. No service fee is deducted for transfers from the service fee fund of the Bitbon System and providing fund of the Bitbon System.

Article 8. Procedure for Distributing the Service Fee in the Bitbon System

1. The service fee is distributed from the Bitbon System service fee fund in accordance with paragraph 2 of Provision 12 of the Bitbon System Public Contract.

2. The service fee is distributed from the Bitbon System service fee fund every 72 hours.

SECTION 3. CONCLUDING PROVISIONS

Chapter 4. General and Other Terms and Conditions

Article 9. General Terms and Conditions

1. Amendments and/or additions to this Appendix may be made solely under the rules stipulated by the Appendix to the Bitbon System Public Contract “Making Amendments and/or Additions to the Bitbon System Public Contract”.

2. If there is any discrepancy between various forms (printed, electronic, etc.) of this Appendix, its electronic version published on the official information resources of the Bitbon System shall be deemed official.

3. This Appendix is translated into other languages only for convenience of Users. In case of differences in understanding and/or interpretation of this Appendix, the Russian version shall prevail.

4. Only the Operators are entitled to give an official explanation of this Appendix.

5. In accordance with Provision 2 of the Bitbon System Public Contract, this Appendix is an integral part of the Bitbon System Public Contract and comes into force after its publication on the official information resources of the Bitbon System.

6. In accordance with paragraph 3 of Provision 2 of the Bitbon System Public Contract, amendments and/or additions may be made to this Appendix only if such amendments and/or additions do not contradict the Provisions of the Bitbon System Public Contract and Appendices, which are an integral part of the Bitbon System Public Contract. Amendments and/or additions made to this Appendix shall be published on the official information resources of the Bitbon System and come into force after their publication.

Article 10. Other Terms and Conditions

1. The Operators strive to maintain uninterrupted operation of the components and base services. By using the Bitbon System infrastructure, the User agrees that there is a possibility of disruptions in the operation of the Bitbon System infrastructure, which may lead to a temporary interruption of the operation and limitation of access to the functionalities of the components and/or base services in whole or in any part.

2. If the service fee has not been deducted due to a disruption in the operation of the components and/or base services, the service fee shall be deducted.

3. The User shall not use the components and base services if he/she does not accept the terms and conditions for deducting and distributing the service fee established by the Bitbon System Public Contract and/or this Appendix in whole or in any part.

4. The use of the Bitbon System infrastructure shall mean agreement of the User with the terms and conditions for deducting and distributing the service fee established by the Bitbon System Public Contract and this Appendix.