Terms and Definitions in the Bitbon System

Tokenization of an initial asset

Tokenization of an initial asset is a sequential 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:

  • determining the initial asset data[i];
  • determining the original asset data[i];
  • determining the distributed ledger token data[i];
  • registering the digital asset protocol[i];
  • registering the digital asset[i].