Terms and Definitions
- IBO (Initial Business Offering)
- ABR (Automatic Bitbon Reversion)
- Contributor’s benefit
Contractat means a Bitbon System User[i] that has initiated the creation of the Projectbon Protocol[i] of his/her own project, which is registered in the Register of Digital Asset Protocols[i] in the Bitbon System[i] on the basis of admission by the Bitup-Agency[i].
The number of projects that may be initiated by the Contractat is unlimited. However, he/she will be the Contractat for each project separately.
The Contractat’s activity accompanied by the Bitup-Agency is aimed at successful implementation of his/her project, which becomes possible through the participation of Contributors[i] by means of conducting the IBO[i] under the terms and conditions stipulated by the Projectbon Protocol of this business project.
The Projectbon Protocol of a specific business project defines additional rights and obligations of the Contractat as one of its independent parties, including obligations to back Projectbons[i] by assets[i].