Terms and Definitions in the Bitbon System

Digital asset unit

Digital asset unit is a unique for each Bitbon System digital asset[i] ratio of distributed ledger token data[i], original asset data[i] and initial asset data[i] received as a result of tokenization of the initial asset[i] and provided in the distributed ledger token accounting system[i] in the form of a distributed ledger token accounting unit[i]. The owner of a digital asset unit has the right to use initial asset data according to the procedure established by the original asset data, which can be used or transferred through digital asset circulation[i] according to the procedure established by the data of the original asset of this digital asset[i]. Due to the triune nature of a digital asset[i], a digital asset unit provides:

  • access to the original asset[i] as the right of the owner of the digital asset unit to use original asset data (access to the original asset is equal to a certain scope of rights of access to the initial asset[i]);
  • right of access to the initial asset as the right of the owner of the digital asset unit to use initial asset data according to the procedure established by the original asset data (use of the right of access to the initial asset ensures access to the initial asset);
  • ability to keep records of access to the original and initial assets.