Terms and Definitions
- IBO (Initial Business Offering)
- ABR (Automatic Bitbon Reversion)
- Contributor’s benefit
IBO (Initial Business Offering) means a process in the Bitbon System[i], which is launched by the Bitup-Agency[i] in order to attract the amount of Bitbons[i] specified in the Projectbon Protocol[i] from Contributors[i] for implementing the Contractat’s[i] business project.
The IBO process starts when the Bitup-Agency adds the IBO Certificate[i] of a specific project to the IBO Register[i]. From this moment on, the terms and conditions of the Projectbon Protocol of this business project automatically come into force.
The IBO process is completed when Contributors determine their shares in the amount of 100% of the total number of Projectbons[i].