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 information system, 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 by completing the Asset Digitization Procedure in order to implement accounting and management as well as safe and equal exchange of the given Assets between the Bitbon System Users without intermediaries and money. The key component of the Bitbon System is Bitbon.
Bitbon means a Digital Asset, which is a token of access and provides the Bitbon System User with certain access rights to the opportunities of the Bitbon System in accordance with the number of Bitbons that such a User has. Bitbon is represented as an alphanumeric identifier and registered in the Blockchain with an ability to circulate only in the Bitbon System. Bitbon is a unit of measurement of the exchange value of all Digital Assets and ensures their ability to circulate in the Bitbon System. Bitbon is created and given unique attributes and properties based on the Bitbon System Public Contract and the Bitbon Protocol.