Terms and Definitions

Masterbox

means a record (cell) with a unique alphanumeric identifier created in the Blockchain[i] based on admission of the Contractat’s[i] project to the IBO[i] (Initial Business Offering) by the Bitup-Agency[i]. In order to implement this project, Bitbons[i] are transferred from Contributors to the Masterbox according to their shares in Projectbons[i] and to the fulfillment by the Contractat of his/her obligations in compliance with the Projectbon Public Contract[i] of a specific project.

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 Public Contract of a specific project.

Original digital keys to access the Masterbox of a specific project are automatically generated by the Bitbon System[i] based on the IBO result when Contributors exchange their Bitbons for Projectbons and reach 100% of the Projectbon amount.Masterbox