Terms and Definitions

Assetbox means a record (cell) with a unique alphanumeric identifier created by the Bitbon System User in the Blockchain[i] for storing his/her own Bitbons[i] or Projectbons[i] and transferring them to other Bitbon System Users as well as for receiving Bitbons and Projectbons from other Bitbon System Users.

Due to the built-in functionality of the Assetboxes, all Bitbon System Participants interact by receiving and transferring Bitbons and Projectbons from one cell (Assetbox) to another.

Each User, at his/her own discretion, can assign a unique name to his/her alphanumeric Assetbox identifier within the Bitbon System[i] to use it in future as a convenient way of informing other Bitbon System Users of his/her Assetbox address.

Example of transferring Bitbons from one Assetbox to another

Blockchain means a public distributed ledger, which constitutes a sequential chain of generated transaction blocks built according to certain rules. At the same time, each subsequent block of the structure contains information about the previous block, so on the whole, the chain stores the entire history of completed transactions.
Bitbon means a digital derivative financial instrument having an identifier and nominal value in the amount determined in accordance with the procedure stipulated by the Bitbon Public Contract, which corresponds to a certain part of property rights to Assets designated in Bitbons or Projectbons. Any operations with Bitbon (Bitbon issuing, its transfer from one owner to another, splitting of nominal value and other operations) are recorded in the Blockchain as data that cannot be deleted or modified.
Projectbon means a derivative instrument from a specific class of the Bitbon Public Contract intended for Contributing, which has unique attributes and properties with the ability to circulate only in the Bitbon System under the terms and conditions specified in the Bitbon Public Contract of a specific project. Projectbon represents obligations of the Contractat to the Bitbon System Users expressed in a legal form as well as an actual opportunity to monitor the fulfillment of obligations of the Bitbon System Users as a whole.
Bitbon System means an integral decentralized system based on the Blockchain technology, which is basically a platform for implementing Contributing under the terms and conditions of Bitbon Public Contracts of various projects and managing legal relations between the Bitbon System Users, the key component of which is Bitbon.