Bitbon Capitalizationmeans a self-regulatory process aimed at increasing the amount of Bitbons[i] and Projectbons[i] in Assetboxes[i] of the Bitbon System Capitalization Fund[i] by participating in automatic Contributing[i] in accordance with classes of Projectbon Protocols[i] of specific business projects.
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.
Projectbon means a Digital Asset, i.e. an instrument for Contributing derived from Divaunit and a certain class of the Projectbon Protocol, represented as an alphanumeric identifier and registered in the Blockchain with an ability to circulate only in the Bitbon System. The Bitup-Agency creates this type of the Digital Asset by giving it unique attributes and properties. Projectbon is a form of mutual obligations of the Contractat and Contributors in accordance with the terms and conditions specified in the Projectbon Protocol of a specific business project.
Assetbox means a record (cell) with a unique alphanumeric identifier created by the Bitbon System User in the Blockchain for storing his/her Digital Assets and transferring them to other Bitbon System Users as well as for receiving Digital Assets from other Bitbon System Users.
Bitbon System Capitalization Fund means an integral component of the Bitbon System that belongs to the Bitbon System Participants. The purpose of the Bitbon System Capitalization Fund is to provide a mechanism that allows the Bitbon System Participants to develop the Bitbon System through automatic Contributing of the Fund in the interests of all Bitbon System Users by increasing the volume of the overall Bitbon System Capitalization.
Contributing means a type of activity of a Bitbon System Participant aimed at receiving additional benefit from participation in the implementation of the selected business project under the terms and conditions of the Projectbon Protocol of this business project.
Projectbon Protocol means a digital document, which establishes attributes and properties of a specific Projectbon Digital Asset, terms and conditions for its creation and circulation in the Bitbon System, mutual rights and obligations of the Contractat and Contributors, as well as terms and conditions of the implementation of the Contractat’s specific business project through Contributing The Bitup-Agency creates this document of a certain class on the Projectbon issue.