Terms and Definitions

Bon

means a Digital Asset[i], an instrument derived from Divaunit[i] and from a certain type of the Bon Protocol[i], represented as an alphanumeric identifier[i] and registered in the Blockchain[i] with an ability to circulate only in the Bitbon System[i]. The Bitbon System User[i] creates the Bon Digital Asset from Divaunit as a result of completing the Asset Digitization Procedure[i] by giving it unique attributes and properties. Bon is a form of mutual rights and obligations of the owner of the Asset[i] and the owner of the Bon Digital Asset in accordance with the terms and conditions of a specific Bon Protocol.