Terms and Definitions

Bitbon System Public Contract means a digital document, a basic foundation agreement between Simcord Company and all Bitbon System Participants[i] where Simcord also acts as the Bitbon System Operator[i].

This agreement identifies tasks and objectives of the Bitbon System[i], determines and establishes the basis for its development as well as stipulates a set of basic terms and conditions, fulfillment of which is mandatory for all Bitbon System Participants.

The Bitbon System Public Contract is available at the following link:

Bitbon System Participant means an individual, i.e., a person, a participant of civil and other legal relations (holder of rights and obligations), or a Company (legal entity registered and operating in accordance with the requirements of jurisdiction of which it is a taxpayer), or a Company consolidation (any company consolidation registered and operating in accordance with the requirements of jurisdiction of which it is a taxpayer) that have directly performed an action, which has entailed an event within the Bitbon System.
Bitbon System Operator means a Bitbon System Participant, who has the right to conduct activity in the Bitbon System aimed at organizing technological interaction between all Bitbon System Participants by providing them with access to the single digital space and making available all the tools necessary for conducting activity within the Bitbon System, thus ensuring integrity and functionality of the Bitbon System.
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.