Bitbon System Participantmeans a Bitbon System User[i] that uses Bitbons[i] to conduct his/her activity in the Bitbon System[i].
Bitbon System User means a natural person or a business entity that directly performed an action, which caused an event within the Bitbon System.
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.
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.