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, 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.
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.