Terms and Definitions

Projectbon

means a derivative instrument from a specific class of the Projectbon Public Contract[i] intended for Contributing[i], which has unique attributes and properties with the ability to circulate only in the Bitbon System[i]. Projectbon represents obligations of the Contractat[i] to Contributors[i] expressed in a legal form under the terms and conditions specified in the Projectbon Public Contract of a specific project.

Projectbon attributes are:

  • Identifier — a unique sequence of alphanumeric characters;
  • Classifier — a systematized list of types of Projectbon Public Contracts of specific projects, each of which has a unique code corresponding to its properties;
  • Unique commercial name assigned by the offeror of the Projectbon Public Contract of a specific project which belongs to a certain class;
  • Number of issued Projectbons;
  • Own independent value in relation to Bitbon[i] determined by the terms and conditions of the Projectbon Public Contract of a specific project which belongs to a certain class;
  • Records in the Blockchain[i], which register all operations with Projectbons;
  • Projectbon Public Contract of a specific project which belongs to a certain class.

Projectbon has the following properties:

  • Using Projectbons, Users can determine their shares in a project (can transfer, buy or sell them);
  • Ability to split Projectbon is guaranteed; the level of splitting the nominal value determines the share;
  • Ability to create Indexbons[i] by the Contributor for more efficient management of his/her Assets[i];
  • Projectbon is an integral part of the Bitbon Capitalization[i];
  • Determining the Contributor’s Benefit[i] by means of automatic redistribution of shares.