Terms and Definitions


Bon means a digital asset[i], an instrument derivative of Divaunit[i] and of 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 Participant[i] creates the (name)_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.