Terms and Definitions in the Bitbon System

Tokenization of an initial asset

Tokenization of an initial asset is the execution of the digital asset creation procedure[i] in the Bitbon System[i] by a Bitbon System User[i] in order to implement the methods of accounting of property or personal non-property rights to an initial asset[i].

Tokenization of an initial asset includes the following sequence of actions:

  • determining the following in the digital asset protocol form[i]:
    • initial asset data[i];
    • original asset data[i];
    • distributed ledger token data[i];
  • creating a digital asset profile[i];
  • registering the digital asset protocol[i];
  • registering the digital asset[i].
  • determining additional data of the digital asset profile.