Terms and Definitions
- IBO (Initial Business Offering)
- ABR (Automatic Bitbon Reversion)
- Contributor’s benefit
Contributor means a Bitbon System User[i] who, based on the obtained Projectbons[i], participates in the selected business project in order to receive a certain amount of benefit from its implementation.
The number of projects in which the Bitbon System User can participate is unlimited. However, he/she will be a Contributor for each project separately.
Having declared his/her participation in a particular business project by exchanging Bitbons[i] for Projectbons of the selected project and/or by obtaining Projectbons in a manner not contradicting the Projectbon Protocol[i] of a specific project, the Bitbon System User obtains the status of a Contributor.
The Contributor, at his/her sole discretion, decides to participate in a business project based on personal interest.
In general, the Contributor’s activity is aimed at receiving an additional benefit, which is determined in direct proportion to his/her share in Projectbons and automatically distributed among the Contributors of this project under the terms and conditions of the Projectbon Protocol.
The Projectbon Protocol of a specific project defines additional rights and obligations of the Contributor as one of its independent parties.