Additional Benefit of the Bitbon System Usermeans an active component of the Benefit of the Bitbon System User[i] available to the Bitbon System Users[i] in the following statuses: Bitup-Agency[i], Contractat[i], Contributor[i], Projectbon Promoter[i] and Bitbon System Miner[i]. The Additional Benefit received by the Bitbon System User as a result of conducting any other activity in the Bitbon System[i] is designated exclusively in Bitbons[i].
Benefit of the Bitbon System User means the ability of the Bitbon System User to dispose of his/her Asset in the digital space of the Bitbon System by using its unique digital copy. The Bitbon System functionality guarantees such a User high speed of information processing, complete control and accounting of the use of his/her Digital Asset in real time.
Bitbon System User means a natural person or a business entity that directly performed an action, which caused an event within the Bitbon System.
Bitup-Agency means a Bitbon System User, which has the right to perform the Asset Digitization Procedure, as well as 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 Protocol of a specific business project by representing and protecting the interests of Contributors of this business project.
Contractat means a Bitbon System User that has initiated creation of the Projectbon Protocol of his/her own project, which is registered in the Register of Digital Asset Protocols in the Bitbon System on the basis of admission by the Bitup-Agency.
Contributor means a Bitbon System User who, based on the obtained Projectbons, participates in the selected business project in order to receive a certain amount of benefit from its implementation.
Projectbon Promoter means a Bitbon System User who has the right in the Bitbon System to provide full range of mechanisms on the public information resources he/she owns in order to promote business projects and attract the Bitbon System Users for their further participation in the IBO (Initial Business Offering) process.
Bitbon System Miner means a Bitbon System User who undertakes obligations to participate in supporting and developing the decentralized environment for the Bitbon System functioning, by allocating for these purposes his/her resources.
Bitbon System means an integral blockchain-based decentralized platform, which allows its Users to fully own their Assets, i.e. to record their property right to Assets in the form of their unique digital copies in the Bitbon System Blockchain by completing the Asset Digitization Procedure in order to implement safe and adequate exchange of the given Assets between the Bitbon System Users without intermediaries and money. The Bitbon System Participants are also given an opportunity to participate in Contributing under the terms and conditions of Projectbon Protocols of various business projects. The key component of the Bitbon System is Bitbon.
Bitbon means a Digital Asset, an instrument derived from Divaunit by means of Projectbons, which belong to the Bitbon System Capitalization Fund. Bitbon is represented as an alphanumeric identifier and registered in the Blockchain with an ability to circulate only in the Bitbon System. The Bitbon Digital Asset is a unit of measurement of the exchange value of all Digital Assets and ensures their ability to circulate in the Bitbon System. This Digital Asset is created and given unique attributes and properties based on the Bitbon System Public Contract and the Bitbon Protocol. The use of Bitbon allows establishing and controlling legal relations between the owner of the Asset and the owner of the Digital Asset as well as mutual relations of the Bitbon System Users, whereby only the transferrable right of claim of the owner of the Digital Asset to the owner of the Asset can be in circulation, which is aimed at fulfilling the obligations set by the owner of the Asset and derived from the property right to the Asset (right to own, use and dispose of the Asset) under the terms and conditions recorded in the relevant Digital Asset Protocol.