[{"id":"general-terms","title":"General Terms","seo":{"title":"Заголовок страница","description":"Описание страницы","head":null},"body":"

This category contains the general terms used to describe economic and technical processes as well as phenomena in the field of research and application of distributed ledger technologies.

","items":[{"id":"financial-system","title":"Financial system","seo":{"title":"Financial system - Terms and Definitions | Bitbon System","description":"Financial system means an organizational form of monetary relations between all the subjects of the reproduction process of the distribution and redistribution of the gross national product.","head":"\n"},"body":"

Financial system means an organizational form of monetary relations between all the subjects of the reproduction process of the distribution and redistribution of the gross national product.

"},{"id":"currency","title":"Currency","seo":{"title":"Currency | Bitbon System","description":"Currency means any commodity that can perform the function of money when exchanging goods on the domestic or international market.","head":"\n"},"body":"

Currency means any commodity that can perform the function of money when exchanging goods on the domestic or international market.

"},{"id":"cryptography","title":"Cryptography","seo":{"title":"Cryptography | Bitbon System","description":"Cryptography means the science studying techniques to secure confidentiality (impossibility of reading information by a third party), data integrity (impossibility of imperceptible information change), authentication (verification of the author’s authenticity or other object properties) as well as non-repudiation.","head":"\n"},"body":"

Cryptography means the science studying techniques to secure confidentiality (impossibility of reading information by a third party), data integrity (impossibility of imperceptible information change), authentication (verification of the author’s authenticity or other object properties) as well as non-repudiation.

"},{"id":"distributed-ledger-technology","title":"Distributed ledger technology","seo":{"title":"Distributed ledger technology | Bitbon System","description":"Distributed ledger technology means a technology, which allows network participants to record, store and exchange information as well as provides multiple data stores synchronized through a specific consensus algorithm.","head":"\n"},"body":"

Distributed ledger technology means a technology, which allows network participants to record, store and exchange information as well as provides multiple data stores synchronized through a specific consensus algorithm.

"},{"id":"blockchain","title":"Blockchain","seo":{"title":"Blockchain | Bitbon System","description":"Blockchain means a type of a distributed ledger, which constitutes a sequential chain of generated transaction blocks built according to certain rules. At the same time, each subsequent block of the structure contains information about the previous one, so as a whole, the chain stores the entire history of completed transactions.","head":"\n"},"body":"

Blockchain means a type of a distributed ledger[i], which constitutes a sequential chain of generated transaction blocks built according to certain rules. At the same time, each subsequent block of the structure contains information about the previous one, so as a whole, the chain stores the entire history of completed transactions.

"},{"id":"blockchain-token","title":"Blockchain token","seo":{"title":"Blockchain token | Bitbon System","description":"Blockchain token means an accounting unit circulating in the distributed ledger by means of a transaction with a unique identifier.","head":"\n"},"body":"

Blockchain token means an accounting unit circulating in the distributed ledger[i] by means of a transaction with a unique identifier[i].

"},{"id":"balance-accounting-of-digital-assets","title":"Balance accounting of digital assets","seo":{"title":"Balance accounting of digital assets | Bitbon System","description":"Balance accounting of digital assets means a method for determining the difference between income and expenditure of digital assets at a certain point in time at the address of their accounting, which is based on the registration and accounting of transactions of a blockchain token and is implemented by the software of the blockchain network node.","head":"\n"},"body":"

Balance accounting of digital assets means a method for determining the difference between income and expenditure of digital assets[i] at a certain point in time at the address of their accounting, which is based on the registration and accounting of transactions of a blockchain token[i] and is implemented by the software of the blockchain[i] network node.

"},{"id":"identifier-of-a-blockchain-token-transaction","title":"Identifier of a blockchain token transaction","seo":{"title":"Identifier of a Bitbon transaction | Bitbon System","description":"Identifier of a Bitbon transaction means a unique set of alphanumeric characters of a certain length assigned to a Bitbon transaction in its circulation environment.","head":"\n"},"body":"

Identifier of a blockchain token transaction means a unique set of alphanumeric characters of a certain length assigned to the transaction of a blockchain token[i] in the environment of its circulation.

"},{"id":"identifier","title":"Identifier","seo":{"title":"Identifier | Bitbon System","description":"Identifier means a unique set of alphanumeric characters of a certain length assigned to the information resource in the environment of its circulation.","head":"\n"},"body":"

Identifier means a unique set of alphanumeric characters of a certain length assigned to the information resource[i] in the environment of its circulation.

"},{"id":"information-resource","title":"Information resource","seo":{"title":"Information resource | Bitbon System","description":"Information resource means information structured and organized in a certain way, recorded on a tangible medium. This information can be stored, transferred, used and replenished. The information resource has the properties of practical significance and usefulness, as well as the possibility of multiple use.","head":"\n"},"body":"

Information resource means information structured and organized in a certain way, recorded on a tangible medium. This information can be stored, transferred, used and replenished. The information resource has the properties of practical significance and usefulness, as well as the possibility of multiple use.

"},{"id":"market-of-information-resources-and-services","title":"Market of information resources, products and services","seo":{"title":"Market of information resources, products and services | Bitbon System","description":"Market of information resources, products and services means a form of a decentralized organization of socioeconomic relations between natural persons and/or business entities in the process of creating, accounting and managing digital assets.","head":"\n"},"body":"

Market of information resources, products and services means a form of a decentralized organization of socioeconomic relations between natural persons and/or business entities in the process of creating, accounting and managing digital assets[i].

"},{"id":"value","title":"Value","seo":{"title":null,"description":null,"head":null},"body":"

Value means worth, utility, or importance, which can also be expressed by different measurement units depending on the area of practical use of such a value and the ecosystem in which such a value exists.

"},{"id":"digital-asset","title":"Digital asset","seo":{"title":"Digital asset | Bitbon System","description":"Digital asset means an information resource derivative of the right to a value and circulating in the distributed ledger in the form of a unique identifier.","head":"\n"},"body":"

Digital asset means an information resource[i] derivative of the right[i] to a value[i] and circulating in the distributed ledger[i] in the form of a unique identifier[i].

Read the full version of the paper “Substantiation of the Term “Digital Asset”: Economic and Legal Aspects” by following this link: http://bitbon.space/en/what-is-a-digital-asset

"},{"id":"asset","title":"Asset","seo":{"title":"Asset | Bitbon System","description":"Asset means property and/or (property, non-property) rights of a natural person and/or business entity, which represent value, including digital assets (Bitbon, Bon), money and various kinds of works, services.","head":"\n"},"body":"

Asset means property and/or (property, non-property) rights, which represent value[i], including digital assets[i] (Bitbon[i], Bon[i]), money and various kinds of works, services.

"},{"id":"audit","title":"Audit","seo":{"title":"Audit | Bitbon System","description":"Audit means a procedure for independent verification and assessment of financial statements, accounting data and the organization’s activity as well as of the system, process, project or product.","head":"\n"},"body":"

Audit means a procedure for independent verification and assessment of financial statements, accounting data and the organization’s activity as well as of the system, process, project or product.

"},{"id":"account","title":"Account","seo":{"title":"Account means | Bitbon System","description":"Account means a collection of User’s data necessary for his/her authentication and for providing access to his/her personal details, settings and the system functionality.","head":"\n"},"body":"

Account means a collection of User’s[i] data necessary for his/her authentication and for providing access to his/her personal details, settings and the system functionality.

"},{"id":"access-authorization","title":"Access authorization","seo":{"title":"Access authorization | Bitbon System","description":"Access authorization means granting a certain person or a group of persons the rights to perform certain actions; it is also the process of verifying (confirming) these rights when trying to perform these actions.","head":"\n"},"body":"

Access authorization means granting a certain person or a group of persons the rights to perform certain actions; it is also the process of verifying (confirming) these rights when trying to perform these actions.

"},{"id":"access-token","title":"Access token","seo":{"title":"Access token | Bitbon System","description":"Access token means an alphanumeric identifier, which is registered in the blockchain and provides its owner with certain access rights to an information resource in accordance with the number of tokens of access that belong to him/her.","head":"\n"},"body":"

Access token means an alphanumeric identifier[i], which is registered in the blockchain[i] and provides its owner with certain access rights to an information resource[i] in accordance with the number of tokens of access that belong to him/her.

"},{"id":"property-right","title":"Property right","seo":{"title":"Property right | Bitbon System","description":"Property right means an absolute subjective civil right that provides an opportunity for its owner upon performing his/her direct actions to gain useful properties from the individually-defined thing (thing as such) for satisfying his/her own interest.","head":"\n"},"body":"

Property right means an absolute subjective civil right that provides an opportunity for its owner upon performing his/her direct actions to gain useful properties from the individually-defined thing (thing as such) for satisfying his/her own interest.

"},{"id":"derivative-of-the-right","title":"Derivative of the right","seo":{"title":"Derivative of the right | Bitbon System","description":"Derivative of the right means a property of the object, giving its owner the right, which is formed from the right to a value.","head":"\n"},"body":"

Derivative of the right means a property of the object, giving its owner the right, which is formed from the right to a value[i].

"},{"id":"transaction-hash","title":"Transaction hash","seo":{"title":"Transaction hash | Bitbon System","description":"Transaction hash means a unique set of characters of letters and numbers (identifier[i]) of a fixed length assigned to a blockchain token transaction in its circulation environment and generated as a result of transforming an array of data of arbitrary length.","head":"\n"},"body":"

Transaction hash means a unique set of characters of letters and numbers (identifier[i]) of a fixed length assigned to a blockchain token[i] transaction in its circulation environment and generated as a result of transforming an array of data of arbitrary length.

"},{"id":"transaction-recording","title":"Transaction recording","seo":{"title":"Transaction recording | Bitbon System","description":"Transaction recording means a process of saving a set of transactions in the blockchain and recording all operations with each Bitbon and Projectbon in a special block structure, each block of this structure contains information about the previous block.","head":"\n"},"body":"

Transaction recording means a process of saving a set of transactions in the blockchain[i] and recording all operations with each Bitbon[i] and Projectbon[i] in a special block structure, each block of this structure contains information about the previous block.

"},{"id":"offer","title":"Offer","seo":{"title":"Offer | Bitbon System","description":"Offer means a proposal to close a transaction, in which the core terms of the contract are stated; it is addressed to a certain person, a limited or unrestricted circle of persons.","head":"\n"},"body":"

Offer means a proposal to close a transaction, in which the core terms of the contract are stated; it is addressed to a certain person, a limited or unrestricted circle of persons. If the recipient (addressee) accepts the offer (agrees to it), it means the proposed contract between the parties has been concluded on the terms stipulated in the offer.

"},{"id":"smart-contract","title":"Smart contract","seo":{"title":"Smart contract | Bitbon System","description":"Smart contract means an electronic algorithm that describes a set of conditions, implementation of which entails some events in the real world or in digital systems. To implement the conditions specified in the smart contract, a decentralized environment completely excluding the human factor is needed.","head":"\n"},"body":"

Smart contract means an electronic algorithm that describes a set of conditions, implementation of which entails some events in the real world or in digital systems. To implement the conditions specified in the smart contract, a decentralized environment completely excluding the human factor is needed.

"}]},{"id":"main-terms","title":"Main Terms","seo":{"title":"Заголовок страница","description":"Описание страницы","head":null},"body":"

This category contains the key terms used to describe the Bitbon System.

","items":[{"id":"bitbon-system","title":"Bitbon System","seo":{"title":"Bitbon System","description":"Bitbon System means an integral blockchain -based decentralized information system, which allows its Users to fully own their assets, i.e. to record their property right to assets in the form of their unique digital copies by completing the Asset Digitization Procedure in order to implement accounting and management as well as safe and equal exchange of the given assets between the Bitbon System Users without intermediaries and money.","head":"\n"},"body":"

Bitbon System means an integral blockchain[i]-based decentralized system, which allows its Users[i] to fully own their assets[i], i.e. to record their property right to assets in the form of their unique digital copies by completing the Asset Digitization Procedure[i] in order to implement accounting and management as well as safe and equal exchange of the given assets between the Bitbon System Users without intermediaries and money. The key component of the Bitbon System is Bitbon[i].

"},{"id":"bitbon-system-global-task","title":"Bitbon System global task","seo":{"title":"Bitbon System global task | Bitbon System","description":"Is to become an optimal and complex mechanism for management, evaluation and measurement of the cost of any type of values, and consequently, to establish a foundation for the emergence of the common global database that is updated in real time and contains objective information on all assets and resources available to the global economy that, as a consequence, will result in the emergence of new methods of analysis, which allow using precise mathematical calculations, as well as the information on the rational use of all resources for the most effective management of the human society development.","head":"\n"},"body":"

Bitbon System global task is to become an optimal and complex mechanism for management, evaluation and measurement of the cost of any type of values[i], and consequently, to establish a foundation for the emergence of the common global database that is updated in real time and contains objective information on all assets[i] and resources available to the global economy that, as a consequence, will result in the emergence of new methods of analysis, which allow using precise mathematical calculations, as well as the information on the rational use of all resources for the most effective management of the human society development.

"},{"id":"bitbon-system-public-contract","title":"Bitbon System Public Contract","seo":{"title":"Bitbon System Public Contract | Bitbon System","description":"Bitbon System Public Contract means a digital document, a type of social contract of statutory nature, basic constitutive agreement between SIMCORD LLC, the founder of the Bitbon System, and all Bitbon System Participants, where SIMCORD LLC also acts as the Bitbon System Operator.","head":"\n"},"body":"

Bitbon System Public Contract means a digital document, a type of social contract of statutory nature, basic constitutive agreement between SIMCORD LLC, the founder of the Bitbon System[i], and all Bitbon System Participants[i], where SIMCORD LLC also acts as the Bitbon System Operator[i].

\n\n

This agreement identifies tasks and objectives of the Bitbon System, determines and establishes the basis for its development, ensures the execution of the Bitbon Protocol[i], as well as stipulates a set of basic terms and conditions for the creation and use of digital assets[i] in the Bitbon System, fulfillment of which is mandatory for all Bitbon System Users[i].

\n\n

The Bitbon System Public Contract consists of Clauses and separate Appendices. The structure of the Bitbon System Public Contract foresees footnotes and links to separate Appendices, which are an integral part of the Bitbon System Public Contract.

\n\n

The Bitbon System Public Contract has been created based on the decision of SIMCORD LLC to issue Bitbons[i] and to organize the Bitbon System Decentralized Autonomous Community[i].

\n\n

The main task of the Bitbon System Public Contract, as a social contract, is to create equal conditions for all Bitbon System Users.

\n\n

The Bitbon System Public Contract is available at the following link: http://bitbon.space/en/bitbon-system-public-contract

"},{"id":"official-information-resources-of-the-bitbon-system","title":"Official information resources of the Bitbon System","seo":{"title":"Official information resources of the Bitbon System | Bitbon System","description":"Official information resources of the Bitbon System mean public information services, which contain accurate, up-to-date information about the Bitbon System. Official information resources of the Bitbon System are https://www.bitbon.space/ website and One Space mobile app.","head":"\n"},"body":"

Official information resources of the Bitbon System mean public information services, which contain accurate, up-to-date information about the Bitbon System[i]. Official information resources of the Bitbon System are https://www.bitbon.space website and One Space mobile app.

"},{"id":"bitbon-system-decentralized-autonomous-community","title":"Bitbon System Decentralized Autonomous Community","seo":{"title":"Bitbon System Decentralized Autonomous Community | Bitbon System","description":"Bitbon System Decentralized Autonomous Community means a group of the Bitbon System Users that conducts activity and uses the services of the System with an absolute equality of all Users within the model of a decentralized management of the Bitbon System.","head":null},"body":"

Bitbon System Decentralized Autonomous Community means a group of the Bitbon System Users[i] that conducts activity and uses the services of the System[i] with an absolute equality of all Users within the model of a decentralized management of the Bitbon System[i].

"},{"id":"right-to-the-right","title":"Right to the right","seo":{"title":"Right to the right | Bitbon System","description":"Right to the right means the basic principle laid down in the Bitbon System that allows the Bitbon System Users to operate the right to an information resource, which is derivative of the right to a value, where the value itself remains in possession of its owner.","head":"\n"},"body":"

Right to the right means the basic principle laid down in the Bitbon System[i] that allows the Bitbon System Users[i] to operate the right to an information resource[i], which is derivative of the right[i] to a value[i], where the value itself remains in possession of its owner.

"},{"id":"mining-in-the-bitbon-system","title":"Mining in the Bitbon System","seo":{"title":"Mining in the Bitbon System | Bitbon System","description":"Mining in the Bitbon System means an activity of the Bitbon System User aimed at supporting and developing the decentralized execution environment of the Bitbon System, which leads to a redistribution of Bitbons in accordance with the Appendix “Mining in the Bitbon System”.","head":"\n"},"body":"

Mining in the Bitbon System means an activity of the Bitbon System User[i] aimed at supporting and developing the decentralized execution environment of the Bitbon System[i], which leads to a redistribution of Bitbons[i] in accordance with the Appendix “Mining in the Bitbon System”. The Bitbon System foresees two mining methods — Consensus building mining and Infrastructure building mining.

"},{"id":"space-id","title":"Space ID","seo":{"title":"Space ID | Bitbon System","description":"Space ID means a unique alphanumeric identifier created by the Bitbon System User to access and manage his/her account in the Bitbon System.","head":"\n"},"body":"

Space ID means a unique alphanumeric identifier[i] created by the Bitbon System User[i] to access and manage his/her account[i] in the Bitbon System[i].

"},{"id":"benefit-of-the-bitbon-system-user","title":"Benefit of the Bitbon System User","seo":{"title":"Benefit of the Bitbon System User | Bitbon System","description":"Benefit of the Bitbon System User means the ability of the Bitbon System User to dispose of his/her asset in the digital space of the Bitbon System by using its unique digital copy.","head":"\n"},"body":"

Benefit of the Bitbon System User means the ability of the Bitbon System User[i] to dispose of his/her asset[i] in the digital space of the Bitbon System[i] by using its unique digital copy. The Bitbon System functionality guarantees such a User high speed of information processing, complete control and accounting of the use of his/her digital asset[i] in real time.

"},{"id":"additional-benefit-of-the-bitbon-system-user","title":"Additional benefit of the Bitbon System User","seo":{"title":"Additional benefit of the Bitbon System User | Bitbon System","description":"Additional benefit of the Bitbon System User means an active component of the benefit of the Bitbon System User available to the Bitbon System Users in the following statuses: Bitup-Agency, Contractat, Contributor, Projectbon Promoter and Bitbon System Miner.","head":"\n"},"body":"

Additional benefit of the Bitbon System User means an active component of the benefit of the Bitbon System User[i] available to the Bitbon System Users[i] in the following statuses: Bitup-Agency[i], Contractat[i], Contributor[i], Projectbon Promoter[i] and Bitbon System Miner[i]. The additional benefit received by the Bitbon System User as a result of conducting any other activity in the Bitbon System[i] is designated exclusively in Bitbons[i].

"}]},{"id":"entities","title":"Entities","seo":{"title":"Заголовок страница","description":"Описание страницы","head":null},"body":"

This category contains the terms used to describe the statuses, types of activity, rights and duties of Bitbon System Users.

","items":[{"id":"bitbon-system-entities","title":"Bitbon System Entities","seo":{"title":"Bitbon System Entities | Bitbon System","description":"Bitbon System Entities mean the Bitbon System Users, whose legal relations are regulated by the Bitbon System Public Contract.","head":"\n"},"body":"

Bitbon System Entities mean the Bitbon System Users[i], whose legal relations are regulated by the Bitbon System Public Contract[i].

"},{"id":"bitbon-system-participant","title":"Bitbon System Participant","seo":{"title":"Bitbon System Participant | Bitbon System","description":"Bitbon System Participant means a Bitbon System User that uses Bitbons to conduct his/her activity in the Bitbon System.","head":"\n"},"body":"

Bitbon System Participant means a Bitbon System User[i] that uses Bitbons[i] to conduct his/her activity in the Bitbon System[i].

"},{"id":"bitbon-system-user","title":"Bitbon System User","seo":{"title":"Bitbon System User | Bitbon System","description":"Bitbon System User means an entity of any legal relations that directly performed an action, which caused an event within the Bitbon System.","head":"\n"},"body":"

Bitbon System User means an entity of any legal relations that directly performed an action, which caused an event within the Bitbon System[i].

"},{"id":"projectbon-promoter","title":"Projectbon Promoter","seo":{"title":"Projectbon Promoter | Bitbon System","description":"Projectbon Promoter means a Bitbon System User who has the right in the Bitbon System to provide full range of mechanisms on the public information resources he/she owns in order to promote business projects and attract the Bitbon System Users for their further participation in the IBO (Initial Business Offering) process.","head":"\n"},"body":"

Projectbon Promoter means a Bitbon System User[i] who has the right in the Bitbon System[i] to provide full range of mechanisms on the public information resources[i] he/she owns in order to promote business projects and attract the Bitbon System Users for their further participation in the IBO[i] (Initial Business Offering) process.

\n\n

In accordance with Clause 60[i] of the Bitbon System Public Contract[i] , under the terms and conditions of the Projectbon Protocol[i] of his/her project, the Bitbon System User in the status of a Contractat[i] may determine the amount of remuneration designated in Bitbons[i] in favor of Projectbon Promoters in the Contributing[i] process.

"},{"id":"bitbon-system-miner","title":"Bitbon System Miner","seo":{"title":"Bitbon System Miner | Bitbon System","description":"Bitbon System Miner means a Bitbon System User who undertakes obligations to participate in supporting and developing the decentralized execution environment of the Bitbon System, by allocating for these purposes his/her resources.","head":"\n"},"body":"

Bitbon System Miner means a Bitbon System User[i] who undertakes obligations to participate in supporting and developing the decentralized execution environment of the Bitbon System[i], by allocating for these purposes his/her resources.

In accordance with Clause 61[i] of the Bitbon System Public Contract[i], the Bitbon System Users in the status of a Bitbon System Miner participate in the process of Bitbon redistribution. Bitbons are redistributed by the Mining Fund[i] among the Bitbon System Miners based on the quantity and quality of the resources utilized by each Bitbon System Miner individually.

"},{"id":"bitbon-system-operator","title":"Bitbon System Operator","seo":{"title":"Bitbon System Operator | Bitbon System","description":"Bitbon System Operator means a Bitbon System User who has the right to conduct activity in the Bitbon System aimed at organizing technological interaction between all Bitbon System Users by providing them with access to the single digital space and making available all the tools necessary for conducting activity within the Bitbon System, thus ensuring integrity and functionality of the Bitbon System.","head":"\n"},"body":"

Bitbon System Operator means a Bitbon System User[i] who has the right to conduct activity in the Bitbon System[i] aimed at organizing technological interaction between all Bitbon System Users by providing them with access to the single digital space and making available all the tools necessary for conducting activity within the Bitbon System, thus ensuring integrity and functionality of the Bitbon System.

"},{"id":"bitup-agency","title":"Bitup-Agency","seo":{"title":"Bitup-Agency | Bitbon System","description":"Bitup-Agency means a Bitbon System User, which has the right to perform the Asset Digitization Procedure, as well as to make a decision on the admission of the Contractat’s project to the IBO (Initial Business Offering) and to supervise its implementation in the Bitbon System under the terms and conditions of the Projectbon Protocol of a specific business project by representing and protecting the interests of Contributors of this business project.","head":"\n"},"body":"Bitup-Agency means a Bitbon System User[i], which has the right to perform the Asset Digitization Procedure[i], as well as to make a decision on the admission of the Contractat’s[i] project to the IBO[i] (Initial Business Offering) and to supervise its implementation in the Bitbon System[i] under the terms and conditions of the Projectbon Protocol[i] of a specific business project by representing and protecting the interests of Contributors[i] of this business project.\n

The Projectbon Protocol of a specific business project defines additional rights and obligations of the Bitup-Agency including control over the backing and repurchasing of Projectbons[i] from Contributors through assets[i] in cases stipulated in the Projectbon Protocol of a specific project.

In accordance with Clause 58[i] of the Bitbon System Public Contract[i], the Bitbon System User in the status of a Bitup-Agency has the right, at his/her own discretion, to determine costs of services for performing the Asset Digitization Procedure and functions of the Bitup-Agency while preparing for the IBO as well as to determine costs of further servicing of the Contractat’s activity when fulfilling his/her obligations in accordance with the terms and conditions of the Projectbon Protocol of a specific business project, which the given Bitup-Agency supervises.

Basic functions of the Bitup-Agency:

Conducting the Asset Digitization Procedure.
Providing advisory services to the Bitbon System Users regarding business projects at all stages of their implementation.
Evaluating the Contractat’s business project to determine the validity of the proposed business model.
Preparing and supervising the Business Plan of the project[i] in accordance with the basic international rules of conducting commercial activity.
Drawing up the terms and conditions of the Projectbon Protocol in accordance with the Business Plan of a specific project approved by the Contractat.
Admitting the Contractat’s project to the IBO and supervising its implementation in the Bitbon System.
Supervising the Bitbon distribution at all stages of the business project implementation and fulfillment of all obligations by the Contractat under the terms and conditions of the Projectbon Protocol of this project.
Legal analysis of the Contractat’s business project.
Providing additional information during the IBO process at the request of the Contributor, which confirms the validity of the Business Plan of a specific project.
Controlling the fulfillment of the Contractat’s obligations to the Contributors under the terms and conditions of the Projectbon Protocol of a specific project.
Verification of the Bitbon System Users as part of the KYC procedure in accordance with international standards.
Restoring access to the Bitbon System User’s account.
Ensuring the implementation of the digital asset inheritance procedure in the Bitbon System.

"}]},{"id":"components-and-services","title":"Components and Services","seo":{"title":"Заголовок страница","description":"Описание страницы","head":null},"body":"

This category contains the terms used to describe the purpose, capabilities, as well as terms and conditions of using the components and services of the Bitbon System.

","items":[{"id":"bitbon-system-service","title":"Bitbon System service","seo":{"title":"Bitbon System service | Система Bitbon","description":"Software complex, which provides the Bitbon System Participant with an opportunity to exercise a certain amount of rights of access to the functionality of this software complex based on the number of his/her Bitbon digital asset units.","head":"\n"},"body":"Bitbon System service means a software complex, which provides the Bitbon System Participant[i] with an opportunity to exercise a certain amount of rights of access to the functionality of this software complex based on the number of his/her Bitbon[i] digital asset units.\nThe main services of the Bitbon System are:\n

Management of the Bitbon System[i];
Contributing[i];
Consensus building mining;
Creation of digital assets[i];
Service of digital asset exchange (Bon exchange[i]);
Service of digital asset transfer (Bitbon Transfer);
Creation of Assetbox[i] and Safebox[i];
Others.

"},{"id":"bitbon-system-capitalization-fund","title":"Bitbon System Capitalization Fund","seo":{"title":"Bitbon System Capitalization Fund | Bitbon System","description":"Bitbon System Capitalization Fund means an integral component of the Bitbon System that belongs to the Bitbon System Participants. The purpose of the Bitbon System Capitalization Fund is to provide a mechanism that allows the Bitbon System Participants to develop the Bitbon System through Contributing of the Fund in the interests of all Bitbon System Users by increasing the volume of the overall Bitbon System Capitalization.","head":null},"body":"

Bitbon System Capitalization Fund means an integral component of the Bitbon System[i] that belongs to the Bitbon System Participants[i]. The purpose of the Bitbon System Capitalization Fund is to provide a mechanism that allows the Bitbon System Participants to develop the Bitbon System through Contributing[i] of the Fund in the interests of all Bitbon System Users[i] by increasing the volume of the overall Bitbon System Capitalization[i].

"},{"id":"mining-fund","title":"Mining Fund","seo":{"title":"Mining Fund | Bitbon System","description":"Mining Fund means a Bitbon System component whose assets are designated exclusively in Bitbons and are formed from the sources that do not contradict the Bitbon System Public Contract.","head":null},"body":"

Mining Fund means a Bitbon System[i] component whose assets[i] are designated exclusively in Bitbons[i] and are formed from the sources that do not contradict the Bitbon System Public Contract[i]. The Mining Fund’s objective is to provide a mechanism, which allows accumulating received Bitbons and redistributing them among the Bitbon System Miners[i] based on the mining method(s) chosen by each Miner, in accordance with Clause 61[i] of the Bitbon System Public Contract.

"},{"id":"register-of-unique-digital-copies-of-assets","title":"Register of Unique Digital Copies of Assets","seo":{"title":"Register of Unique Digital Copies of Assets | Bitbon System","description":"Register of Unique Digital Copies of Assets means a form of systematization of unique digital copies of assets in the Bitbon System.","head":null},"body":"

Register of Unique Digital Copies of Assets means a form of systematization of unique digital copies of assets[i] in the Bitbon System[i].

"},{"id":"register-of-digitized-value-units","title":"Register of Digitized Value Units","seo":{"title":"Register of Digitized Value Units | Bitbon System","description":"Register of Digitized Value Units | Bitbon System","head":null},"body":"

Register of Digitized Value Units means a form of systematization of digitized value[i] units (Divaunits[i]) in the Bitbon System[i].

"},{"id":"register-of-digital-asset-protocols","title":"Register of Digital Asset Protocols","seo":{"title":"Register of Digital Asset Protocols | Bitbon System","description":"Register of Digital Asset Protocols means a form of systematization of Bon and Projectbon Protocols of digital assets in the Bitbon System.","head":null},"body":"

Register of Digital Asset Protocols means a form of systematization of Bon[i] and Projectbon[i] Protocols of digital assets in the Bitbon System[i].

"},{"id":"register-of-digital-assets","title":"Register of Digital Assets","seo":{"title":"Register of Digital Assets | Bitbon System","description":"Register of Digital Assets means a form of systematization of Bon and Projectbon digital assets in the Bitbon System.","head":null},"body":"

Register of Digital Assets means a form of systematization of Bon[i] and Projectbon[i] digital assets in the Bitbon System[i].

"},{"id":"ibo-register","title":"IBO Register","seo":{"title":"IBO Register | Bitbon System","description":"IBO Register means a form of systematization of IBO Certificates in the Bitbon System.","head":null},"body":"

IBO Register means a form of systematization of IBO Certificates[i] in the Bitbon System[i].

"},{"id":"bitbon-system-node","title":"Bitbon System node","seo":{"title":"Bitbon System node | Bitbon System","description":"Hardware and software complex that contains the software of a node of the Bitbon System blockchain connected to other nodes, the network of which forms the environment for the circulation of Bitbon System digital assets.","head":"\n"},"body":"

Bitbon System node means a hardware and software complex that contains the software of a node of the Bitbon System[i] blockchain[i] connected to other nodes, the network of which forms the environment for the circulation of Bitbon System digital assets[i].

"},{"id":"bon-exchange","title":"Bon exchange","seo":{"title":"Bon exchange | Bitbon System","description":"Bon exchange is a component of the Bitbon System, the purpose of which is to provide a mechanism that allows the Bitbon System Users to execute safe and equal exchange of their digital assets without intermediaries and commissions based on the decentralized execution environment of the Bitbon System.","head":"\n"},"body":"

Bon exchange is a component of the Bitbon System[i], the purpose of which is to provide a service that allows the Bitbon System Users[i] to execute safe and equal exchange of their digital assets[i] without intermediaries and commissions based on the decentralized execution environment of the Bitbon System.

"},{"id":"assetbox","title":"Assetbox","seo":{"title":"Assetbox | Bitbon System","description":"Assetbox means a record (cell) with a unique alphanumeric identifier created by the Bitbon System User in the blockchain for storing his/her digital assets and transferring them to other Bitbon System Users as well as for receiving digital assets from other Bitbon System Users.","head":null},"body":"

Assetbox means a record (cell) with a unique alphanumeric identifier[i] created by the Bitbon System User[i] in the blockchain[i] for storing his/her digital assets[i] and transferring them to other Bitbon System Users as well as for receiving digital assets from other Bitbon System Users.

Due to the built-in functionality of the Assetboxes, all Bitbon System Users interact by transferring digital assets from one cell (Assetbox) to another.

Each User, at his/her own discretion, can assign a unique name (alias) to his/her Assetbox within the Bitbon System[i] to use it in future as a convenient way of informing other Bitbon System Users of his/her Assetbox address.

"},{"id":"masterbox","title":"Masterbox","seo":{"title":"Masterbox | Bitbon System","description":"Masterbox means a record (cell) with a unique alphanumeric identifier created in the blockchain based on admission of the Contractat’s business project to the IBO (Initial Business Offering) by the Bitup-Agency in order to ensure the implementation of this project by transferring Bitbons from Contributors to the Masterbox during the IBO process as well as to ensure the Contractat’s compliance with the terms and conditions of the Projectbon Protocol of a specific business project.","head":null},"body":"

Masterbox means a record (cell) with a unique alphanumeric identifier[i] created in the blockchain[i] based on admission of the Contractat’s[i] business project to the IBO[i] (Initial Business Offering) by the Bitup-Agency[i] in order to ensure the implementation of this project by transferring Bitbons[i] from Contributors[i] to the Masterbox during the IBO process as well as to ensure the Contractat’s compliance with the terms and conditions of the Projectbon Protocol[i] of a specific business project.

\n\n

All actions for Bitbon transfer from the Masterbox to the Assetbox[i] must be confirmed by digital access keys. The actions are performed under the terms and conditions specified in the Projectbon Protocol of a specific business project.

\n\n

Original digital keys to access the Masterbox of a specific business project are automatically generated by the Bitbon System[i] when the Bitup-Agency adds the IBO Certificate[i] to the IBO Register[i].

"},{"id":"safebox","title":"Safebox","seo":{"title":"Safebox | Bitbon System","description":"Safebox means a record (cell) with a unique alphanumeric identifier created by the Bitbon System Participant in the blockchain for storing his/her own Bitbons with a high degree of confidentiality and security as well as allows providing access to another Bitbon System User in accordance with the conditions established by the Safebox owner in order to transfer his/her Bitbons in full to this User.","head":"\n"},"body":"

\n Safebox means a record (cell) with a unique alphanumeric identifier[i] created by the Bitbon System Participant[i] in the blockchain[i] for storing his/her own Bitbons[i] with a high degree of confidentiality and security as well as allows providing access to another Bitbon System User[i] in accordance with the conditions established by the Safebox owner in order to transfer his/her Bitbons in full to this User.

\n Additional information\n

Each Participant can create his/her own Safebox by using standard tools in the Bitbon System[i].
The Participant can assign a unique name (alias) to his/her Safebox, which can make it easier to remember the name of the Safebox.
In order to improve the confidentiality of the Bitbon storage, the Safebox owner can use the special function of visual hiding of his/her Safebox within his/her account[i] in the Bitbon System.
When transferring Bitbons to the Safebox, the Participant must specify the parameters and conditions under which it will be possible to get access to Bitbons stored in the Safebox.
Parameters and conditions:\n
—\n Activation code means a unique alphanumeric identifier (password) automatically generated by the Bitbon System for getting access to Bitbons stored in the Safebox. For the convenience of remembering and storing the activation code, the Participant can create his/her own activation code (password), which should consist of a set of available characters in the number of not less than 24 and not more than 128 characters;
\n
—\n Date and time of providing access to Bitbons may be an additional condition fulfilling which the User is given the possibility of getting access to Bitbons stored in a specific Safebox if the correct activation code (password) is specified;
\n
—\n Date and time of the automatic Bitbon transfer means the condition under which all Bitbons stored in the Safebox are automatically transferred to the Assetbox[i] specified when creating the Safebox.
\n
In the Bitbon System, the maximum period for storing Bitbons in the Safebox is set and is equal to 3652 days (10 years) from the moment of transferring Bitbons to the Safebox. If within a specified period of time Bitbons have not been used, then after 3652 days (10 years), all Bitbons stored in the Safebox will be automatically returned to the Assetbox, from which they were transferred to this Safebox.

"}]},{"id":"digital-assets","title":"Digital Assets","seo":{"title":"Заголовок страница","description":"Описание страницы","head":null},"body":"

This category contains the terms used to describe digital assets in the Bitbon System including the terms and conditions of using them.

","items":[{"id":"asset-digitization-procedure","title":"Asset Digitization Procedure","seo":{"title":"Asset Digitization Procedure | Bitbon System","description":"Asset Digitization Procedure means a process in which the Bitbon System User creates a Bon or Projectbon digital asset from the asset.","head":"\n"},"body":"

Asset Digitization Procedure means a process in which the Bitbon System User[i] creates a Bon[i] or Projectbon[i] digital asset from the asset[i].

You can learn more about the Asset Digitization Procedure by reading the article “Asset Digitization” at the following link: http://bitbon.space/en/asset-digitization-procedure

"},{"id":"digital-asset-protocol","title":"Digital Asset Protocol","seo":{"title":"Digital Asset Protocol | Bitbon System","description":"Digital Asset Protocol means an information resource, the final document of the Asset Digitization Procedure, which establishes certain attributes and properties of a digital asset, terms and conditions of its creation and circulation in the Bitbon System, as well as execution of the Digital Asset Protocol.","head":"\n"},"body":"

Digital Asset Protocol means an information resource[i], the final document of the Asset Digitization Procedure[i], which establishes certain attributes and properties of a digital asset[i], terms and conditions of its creation and circulation in the Bitbon System[i], as well as execution of the Digital Asset Protocol.

"},{"id":"bitbon-digital-asset","title":"Bitbon System digital asset","seo":{"title":"Digital asset | Bitbon System","description":"Digital asset means an information resource derivative of the right to a value and circulating in the distributed ledger in the form of a unique identifier.","head":"\n"},"body":"

Bitbon System digital asset means an information resource[i] derivative of the right[i] to a value[i], which has undergone the digitization procedure, and circulating in the Bitbon System[i] in the form of a unique identifier[i] based on the Digital Asset Protocol[i].

"},{"id":"operations-with-digital-assets-within-the-bitbon-system","title":"Operations with digital assets within the Bitbon System","seo":{"title":"Identifier of a Bitbon transaction | Bitbon System","description":"Identifier of a Bitbon transaction means a unique set of alphanumeric characters of a certain length assigned to a Bitbon transaction in its circulation environment.","head":"\n"},"body":"

Operations with digital assets within the Bitbon System mean any transactions with digital assets[i] recorded in the blockchain[i] in accordance with the terms and conditions of a specific Digital Asset Protocol[i].

"},{"id":"divaunit","title":"Divaunit","seo":{"title":"Divaunit | Bitbon System","description":"Divaunit means a digitized value unit in the Bitbon System, represented as an alphanumeric identifier, which expresses the value of the asset in the national currency.","head":"\n"},"body":"Divaunit means a digitized value unit in the Bitbon System[i], represented as an alphanumeric identifier[i], which expresses the value[i] of the asset[i] in the national currency. The Bitbon System User[i] creates Divaunit during the Asset Digitization Procedure[i] based on a unique digital copy of the asset. Divaunit is registered in the Register of Digitized Value Units[i] of the Bitbon System."},{"id":"bon","title":"Bon","seo":{"title":"Bon | Bitbon System","description":"Bon means a digital asset, an instrument derivative of Divaunit and of a certain type of the Bon Protocol represented as an alphanumeric identifier and registered in the blockchain with an ability to circulate only in the Bitbon System.","head":"\n"},"body":"

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.

"},{"id":"bitbon","title":"Bitbon","seo":{"title":"Bitbon | Bitbon System","description":"Bitbon means a digital asset, which is a utility token (access token) and provides the Bitbon System Participant with certain access rights to the services of the Bitbon System in accordance with the number of Bitbons that such a Participant has. Bitbon is represented as an alphanumeric identifier and registered in the blockchain with an ability to circulate only in the Bitbon System.","head":null},"body":"

Bitbon means a digital asset[i], which is a utility token (access token[i]) and provides the Bitbon System Participant[i] with certain access rights to the services of the Bitbon System[i] in accordance with the number of Bitbons that such a Participant has. Bitbon is represented as an alphanumeric identifier[i] and registered in the blockchain[i] with an ability to circulate only in the Bitbon System[i]. Bitbon is a unit of measurement of the exchange value of all digital assets and ensures their ability to circulate in the Bitbon System. Bitbon is created and given unique attributes and properties based on the Bitbon System Public Contract[i] and the Bitbon Protocol[i].

\n\nBitbon has the following properties:\n

Ability to split the nominal value[i] with unlimited accuracy is guaranteed. Each fractional part of the nominal value corresponds to a certain part of property rights to assets[i];
Bitbon is issued in accordance with the Bitbon System Public Contract;
Bitbon can be used as an instrument for trading on the exchange;
Bitbon can be used for calculating the index or any other financial derivatives, instruments;
Bitbon of one Bitbon System Participant[i] may serve as an asset of another Bitbon System User;
It is guaranteed that any part of the Bitbon nominal value in the form of a new Bitbon identifier[i] is transferred from one Bitbon System Participant to another Bitbon System User;
Ability to define rules of Bitbon processing before the occurrence of an event which the Bitbon System User (owner of property rights to assets) specifies limiting the Bitbon application field.

"},{"id":"projectbon","title":"Projectbon","seo":{"title":"Projectbon | Bitbon System","description":"Projectbon means a digital asset, i.e. an instrument for Contributing derivative of Divaunit and a certain class of the Projectbon Protocol, represented as an alphanumeric identifier and registered in the blockchain with an ability to circulate only in the Bitbon System.","head":"\n"},"body":"

Projectbon means a digital asset[i], i.e. an instrument for Contributing[i] derivative of Divaunit[i] and a certain class of the Projectbon 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 Bitup-Agency[i] creates this type of the digital asset by giving it unique attributes and properties. Projectbon is a form of mutual obligations of the Contractat[i] and Contributors[i] in accordance with the terms and conditions specified in the Projectbon Protocol of a specific business project, while in essence being a regulator of relations between participants of Contributing.

"},{"id":"indexbon","title":"Indexbon","seo":{"title":"Indexbon | Bitbon System","description":"Indexbon means an instrument for Contributing created by a Contributor by combining shares or their parts from various Projectbons he/she possesses in order to manage his/her assets more conveniently and efficiently.","head":"\n"},"body":"

Indexbon means an instrument for Contributing[i] created by a Contributor[i] by combining shares or their parts from various Projectbons[i] he/she possesses in order to manage his/her assets[i] more conveniently and efficiently.

Indexbon has the following attributes:

Identifier — a unique sequence of alphanumeric characters;
Unique name assigned by the Contributor upon publishing the given Indexbon;
Records in the blockchain[i], which register all operations with Indexbons.

Indexbon has the following properties:

The Projectbon owner may manage his/her shares in projects by including them in the Indexbon in order to sell or transfer this Indexbon to another Bitbon System User[i];
Ability to publish the Indexbon for the purpose of implementation;
For a new Indexbon owner, there is an opportunity to make changes to the Indexbon structure (exclude Projectbon, change the share of any Projectbons, add a new Projectbon, and other operations). At the same time, making these changes entails inability to use the original unique Indexbon name.

"},{"id":"bon-protocol","title":"Bon Protocol","seo":{"title":"Bon Protocol | Bitbon System","description":"Bon Protocol means an information resource, the final document of the Asset Digitization Procedure, which establishes attributes and properties, a unique name (name_Bon), mutual rights and obligations of the owner of the asset and the owner of the Bon digital asset, terms and conditions for the creation and circulation of a specific Bon digital asset in the Bitbon System, as well as the procedure for executing the Bon Protocol.","head":"\n"},"body":"

Bon Protocol means an information resource[i], the final document of the Asset Digitization Procedure[i], which establishes attributes and properties, a unique name (name_Bon), mutual rights and obligations of the owner of the asset[i] and the owner of the Bon[i] digital asset, terms and conditions for the creation and circulation of a specific Bon digital asset in the Bitbon System[i], as well as the procedure for executing the Bon Protocol.

"},{"id":"bitbon-protocol","title":"Bitbon Protocol","seo":{"title":"Bitbon Protocol | Bitbon System","description":"Bitbon Protocol means the final document of creating the “Bitbon Protocol” information resource derivative of the asset SIMCORD LLC, EDRPOU 37657823 that establishes the attributes and properties of the Bitbon digital asset, terms and conditions of its circulation in the Bitbon System, as well as the execution of the Bitbon Protocol.","head":null},"body":"

Bitbon Protocol means the final document of creating the “Bitbon Protocol” information resource[i] derivative of the asset[i] of SIMCORD LLC, EDRPOU 37657823 that establishes the attributes and properties of the Bitbon[i] digital asset, terms and conditions of its circulation in the Bitbon System[i], as well as the execution of the Bitbon Protocol.

\n\n

You can view the full version of the Bitbon Protocol by following the link: https://bitbon-site.s3.eu-central-1.amazonaws.com/pdf/bitbon-protocol.pdf

"},{"id":"projectbon-protocol","title":"Projectbon Protocol","seo":{"title":"Projectbon Protocol | Bitbon System","description":"Projectbon Protocol means an information resource, the final document of the Asset Digitization Procedure, which establishes attributes and properties of a specific Projectbon digital asset, terms and conditions for its creation and circulation in the Bitbon System, mutual rights and obligations of the Contractat and Contributors,as well as terms and conditions of the implementation of the Contractat’s specific business project through Contributing.","head":"\n"},"body":"

Projectbon Protocol means an information resource[i], the final document of the Asset Digitization Procedure[i], which establishes attributes and properties of a specific Projectbon[i] digital asset, terms and conditions for its creation and circulation in the Bitbon System[i], mutual rights and obligations of the Contractat[i] and Contributors[i],as well as terms and conditions of the implementation of the Contractat’s specific business project through Contributing[i]. The Bitup-Agency[i] creates this document on the issue of the Projectbon of a certain class.

"},{"id":"class-of-the-projectbon-protocol","title":"Class of the Projectbon Protocol","seo":{"title":"Class of the Projectbon Protocol | Система Bitbon","description":"The unit of project classification in the Bitbon System, corresponding to the degree of backing of the Projectbon Protocol of a specific project by the Contractat’s assets.","head":"\n"},"body":"

Class of the Projectbon Protocol means the unit of project classification in the Bitbon System[i], corresponding to the degree of backing of the Projectbon Protocol[i] of a specific project by the Contractat’s[i] assets[i].

The classes of Projectbon Protocols form separate categories of backing. The Bitup-Agency[i] determines the category and class of the Projectbon Protocol of a specific project based on the evaluation method of projects set out in the Appendix “Rules of Contributing”, which is an integral part of the Bitbon System Public Contract[i].

"},{"id":"bitbon-nominal-value","title":"Bitbon nominal value","seo":{"title":"Bitbon nominal value | Bitbon System","description":"Bitbon nominal value means a positive real number corresponding to the part of the Bitbon System Participant’s property rights to assets.","head":"\n"},"body":"

Bitbon nominal value means a positive real number corresponding to the part of the Bitbon System Participant’s[i] property rights to assets[i].

"},{"id":"bitbon-identifier","title":"Bitbon identifier","seo":{"title":"Bitbon identifier | Bitbon System","description":"Bitbon identifier means a unique sequence of alphanumeric characters assigned to the transaction of issuing 100,000,000.00 units of the Bitbon token, which has the following record: 0x98fbe4b80322f60ae867fceabc351545307aff0c26dd873ac4b0d5e2844a0567, which corresponds to 100% of access (right of access) to the Bitbon System.","head":"\n"},"body":"

Bitbon identifier means a unique sequence of alphanumeric characters assigned to the transaction of issuing 100,000,000.00 units of the Bitbon[i] token, which has the following record: 0x98fbe4b80322f60ae867fceabc351545307aff0c26dd873ac4b0d5e2844a0567, which corresponds to 100% of access (right of access) to the Bitbon System[i].

"},{"id":"identifier-of-a-bitbon-transaction","title":"Identifier of a Bitbon transaction","seo":{"title":"Identifier of a Bitbon transaction | Bitbon System","description":"Unique set of alphanumeric characters of a certain length assigned to a Bitbon transaction in its circulation environment","head":"\n"},"body":"

Identifier of a Bitbon transaction means a unique set of alphanumeric characters of a certain length assigned to a Bitbon[i] transaction in its circulation environment.

"},{"id":"bitbon-capitalization","title":"Bitbon Capitalization","seo":{"title":"Bitbon Capitalization | Bitbon System","description":"Bitbon Capitalization means an indicator that determines the overall market value of 100% of access to the services of the Bitbon System equal to the market value of 100,000,000.00 Bitbon units, which are access units to the “Bitbon Protocol” information resource derivative of the asset SIMCORD LLC.","head":null},"body":"

Bitbon Capitalization means an indicator that determines the overall market value of 100% of access to the services of the Bitbon System[i] equal to the market value of 100,000,000.00 Bitbon[i] units, which are access units to the “Bitbon Protocol” information resource derivative of the asset[i] of SIMCORD LLC. The main factors affecting the market value of the “Bitbon Protocol” information resource as an intangible asset (IA) include demand for the services of the Bitbon System and the aggregate value of all digital assets[i] in the Assetbox[i] of the Bitbon System Capitalization Fund[i].

"},{"id":"bitbon-system-capitalization","title":"Bitbon System Capitalization","seo":{"title":"Bitbon System Capitalization Fund | Bitbon System","description":"Bitbon System Capitalization Fund means an integral component of the Bitbon System that belongs to the Bitbon System Participants.","head":"\n"},"body":"

Bitbon System Capitalization means an indicator characterizing the total value of all digital assets[i] in the Bitbon System[i], which is calculated based on the value of assets[i] that have undergone the Asset Digitization Procedure[i].

"}]},{"id":"contributing","title":"Contributing","seo":{"title":"Заголовок страница","description":"Описание страницы","head":null},"body":"

This category contains the terms used to describe Contributing and its stages in the Bitbon System.

","items":[{"id":"ibo","title":"IBO (Initial Business Offering)","seo":{"title":"IBO | Bitbon System","description":"IBO (Initial Business Offering) means a process in the Bitbon System, which is launched by the Bitup-Agency in order to attract the amount of Bitbons specified in the Projectbon Protocol from Contributors for implementing the Contractat’s business project.","head":"\n"},"body":"

IBO (Initial Business Offering) means a process in the Bitbon System[i], which is launched by the Bitup-Agency[i] \n in order to attract the amount of Bitbons[i] specified in the Projectbon Protocol[i] from Contributors[i] for implementing\n the Contractat’s[i] business project.

The IBO process starts when the Bitup-Agency adds the IBO Certificate[i] of a specific project to the IBO Register[i]. From this moment on, the terms and conditions of the Projectbon Protocol of this business project automatically come into force.

The IBO process is completed when Contributors determine their shares in the amount of 100% of the total number of Projectbons[i].

"},{"id":"abr","title":"ABR (Automatic Bitbon Reversion)","seo":{"title":"ABR | Bitbon System","description":"ABR (Automatic Bitbon Reversion) means a process in the Bitbon System, which may take place if, after the fulfillment of all implementation stages of the project by the Contractat in accordance with the terms and conditions of the Projectbon Protocol, any Bitbon amount remains in the Masterbox of the given project.","head":"\n"},"body":"

ABR (Automatic Bitbon Reversion) means a process in the Bitbon System[i], which may take place if, after the fulfillment of all implementation stages of the project by the Contractat[i] in accordance with the terms and conditions of the Projectbon Protocol[i], any Bitbon[i] amount remains in the Masterbox[i] of the given project.

\n\n

The ABR process starts when the Bitup-Agency[i], which supervises implementation of a specific business project, establishes that there are Bitbons left in the Masterbox of the project after implementation of all project stages.

\n\n

The ABR process is completed when the remaining Bitbons in the Masterbox of the project are automatically distributed among Contributors[i] according to their amount of Projectbons[i] of this business project.

"},{"id":"contractat","title":"Contractat","seo":{"title":"Contractat | Bitbon System","description":"Contractat means a Bitbon System User that has initiated the creation of the Projectbon Protocol of his/her own project, which is registered in the Register of Digital Asset Protocols in the Bitbon System on the basis of admission by the Bitup-Agency.","head":"\n"},"body":"

Contractat means a Bitbon System User[i] that has initiated the creation of the Projectbon Protocol[i] of his/her own project, which is registered in the Register of Digital Asset Protocols[i] in the Bitbon System[i] on the basis of admission by the Bitup-Agency[i].

The number of projects that may be initiated by the Contractat is unlimited. However, he/she will be the Contractat for each project separately.

The Contractat’s activity accompanied by the Bitup-Agency is aimed at successful implementation of his/her project, which becomes possible through the participation of Contributors[i] by means of conducting the IBO[i] under the terms and conditions stipulated by the Projectbon Protocol of this business project.

The Projectbon Protocol of a specific business project defines additional rights and obligations of the Contractat as one of its independent parties, including obligations to back Projectbons[i] by assets[i].

"},{"id":"contributor","title":"Contributor","seo":{"title":"Contributor | Bitbon System","description":"Contributor means a Bitbon System User who, based on the obtained Projectbons, participates in the selected business project in order to receive a certain amount of benefit from its implementation.","head":"\n"},"body":"

Contributor means a Bitbon System User[i] who, based on the obtained Projectbons[i], participates in the selected business project in order to receive a certain amount of benefit from its implementation.

The number of projects in which the Bitbon System User can participate is unlimited. However, he/she will be a Contributor for each project separately.

Having declared his/her participation in a particular business project by exchanging Bitbons[i] for Projectbons of the selected project and/or by obtaining Projectbons in a manner not contradicting the Projectbon Protocol[i] of a specific project, the Bitbon System User obtains the status of a Contributor.

The Contributor, at his/her sole discretion, decides to participate in a business project based on personal interest.

In general, the Contributor’s activity is aimed at receiving an additional benefit, which is determined in direct proportion to his/her share in Projectbons and automatically distributed among the Contributors of this project under the terms and conditions of the Projectbon Protocol.

The Projectbon Protocol of a specific project defines additional rights and obligations of the Contributor as one of its independent parties.

"},{"id":"contributing","title":"Contributing","seo":{"title":"Contributing | Bitbon System","description":"Contributing means a type of activity of a Bitbon System Participant aimed at receiving additional benefit from participation in the implementation of the selected business project under the terms and conditions of the Projectbon Protocol of this business project.","head":"\n"},"body":"

Contributing means a type of activity of a Bitbon System Participant[i] aimed at receiving additional benefit from participation in the implementation of the selected business project under the terms and conditions of the Projectbon Protocol[i] of this business project.

The Contributing process starts when the Participant exchanges available Bitbons[i] for Projectbons[i].

The value of the Contributor’s benefit[i] is directly proportional to his/her share in Projectbons of this business project.

The benefit of Contributing is designated in Bitbons received in accordance with the amount of Projectbons that the Contributor[i] is entitled to dispose of, at his/her sole discretion, at any stage of the business project implementation in accordance with terms and conditions of the Projectbon Protocol.

"},{"id":"contributors-benefit","title":"Contributor’s benefit","seo":{"title":"Contributor’s benefit | Bitbon System","description":"Contributor’s benefit means an active part of the benefit of the Bitbon System User, which allows you to apply your knowledge and skills while selecting a specific business project by obtaining Projectbons of this project in order to receive Obvents under the terms and conditions described in the Projectbon Protocol of the selected project.","head":"\n"},"body":"

Contributor’s benefit means an active part of the benefit of the Bitbon System User[i], which allows you to apply your knowledge and skills while selecting a specific business project by obtaining Projectbons[i] of this project in order to receive Obvents[i] under the terms and conditions described in the Projectbon Protocol[i] of the selected project.

"},{"id":"obvents","title":"Obvents","seo":{"title":"Obvents | Bitbon System","description":"Obvents mean a Contributor’s benefit designated in Bitbons, which is based on the Projectbon amount that the Contributor has in accordance with the terms and conditions of the Projectbon Protocol of a specific business project.","head":"\n"},"body":"

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].

"},{"id":"obventing","title":"Obventing","seo":{"title":"Obventing | Bitbon System","description":"Obventing means a process of distributing Bitbons among Contributors of a specific project in accordance with the terms and conditions of the Projectbon Protocol.","head":"\n"},"body":"

Obventing means a process of distributing Bitbons[i] among Contributors[i] of a specific project in accordance with the terms and conditions of the Projectbon Protocol[i].

\n\n

In accordance with the terms and conditions of the Projectbon Protocol of a specific business project, the Contractat[i] converts the benefit received after completing the project implementation to Bitbons and allocates them to his/her Assetbox[i] to be transferred subsequently to the Masterbox[i] for the purpose of distributing Obvents[i] among Contributors of the project.

"},{"id":"ibo-certificate","title":"IBO Certificate","seo":{"title":"IBO Certificate | Bitbon System","description":"IBO Certificate means an electronic document, which contains parameters of a business project and is created automatically when the Projectbon Protocol of the given project successfully undergoes the procedure of complex analysis.","head":"\n"},"body":"

IBO Certificate means an electronic document, which contains parameters of a business project and is created automatically when the Projectbon Protocol[i] of the given project successfully undergoes the procedure of complex analysis. The IBO[i] process of a specific business project starts when the Bitup-Agency[i] adds the IBO Certificate to the IBO Register[i].

"},{"id":"business-plan-of-the-project","title":"Business Plan of the project","seo":{"title":"Business Plan of the project | Bitbon System","description":"Business Plan of the project means the main document of the project, which contains full and detailed information about the business project and its implementation.","head":"\n"},"body":"

Business Plan of the project means the main document of the project, which contains full and detailed information about the business project and its implementation.

The Business Plan of the project is drawn up in accordance with the requirements set forth in the Appendix “Rules of Contributing”, which is an integral part of the Bitbon System Public Contract[i].

"},{"id":"project-white-paper","title":"Project White Paper","seo":{"title":"Project White Paper | Bitbon System","description":"Project White Paper means the presentation of the project, which contains multimedia information about the project and the stages of its implementation in no more than 10 pages.","head":"\n"},"body":"

Project White Paper means the presentation of the project, which contains multimedia information about the project and the stages of its implementation in no more than 10 pages.

The Project White Paper is drawn up in accordance with the requirements set forth in the Appendix “Rules of Contributing”, which is an integral part of the Bitbon System Public Contract[i].

"},{"id":"project-one-pager","title":"Project One Pager","seo":{"title":"Project One Pager | Bitbon System","description":"Project One Pager means the concept of the project of marketing nature presented in the form of several graphic elements and a description of no more than 300 words.","head":"\n"},"body":"

Project One Pager means the concept of the project of marketing nature presented in the form of several graphic elements and a description of no more than 300 words.

The Project One Pager is drawn up in accordance with the requirements set forth in the Appendix “Rules of Contributing”, which is an integral part of the Bitbon System Public Contract[i].

"},{"id":"project-abstract","title":"Project Abstract","seo":{"title":"Project Abstract means | Bitbon System","description":"Project Abstract means the concept of the project of introductory nature, presented in the form of a graphic element and a description of no more than 100 words.","head":"\n"},"body":"

Project Abstract means the concept of the project of introductory nature, presented in the form of a graphic element and a description of no more than 100 words.

The Project Abstract is drawn up in accordance with the requirements set forth in the Appendix “Rules of Contributing”, which is an integral part of the Bitbon System Public Contract[i].

"}]}]