Terms and Definitions
- IBO (Initial Business Offering)
- ABR (Automatic Bitbon Reversion)
- Contributor’s benefit
Obvents mean a Contributor’s benefit[i] designated in Bitbons[i], which is based on the Projectbon[i] amount that the Contributor[i] has in accordance with the terms and conditions of the Projectbon Protocol[i] of a specific business project.
The concept “Obvents” originates from Latin “obventio” — income. This term indicates the Contributors’ benefit designated in Bitbons based on their share in a specific project in accordance with the terms and conditions of the Projectbon Protocol.
The procedure for distributing Obvents is called Obventing[i].