Bitbon is a Crypto Value based on an integral system of properties, which allows determining the value of any property and has a process organization function as it is a key component of the Bitbon System that allows each System User to profitably and safely exercise his/her right to own and dispose of such a value, which is based on the potential of the development of global social significance in all spheres of public life.
The fundamental principles laid down in the interaction of all components and properties of the Bitbon System are based on transparency and decentralized management system.
Properties and Concepts Laid Down in the Definition of the Bitbon Crypto Value
The Bitbon System operates without a controlling unit that performs centralized intervention in the system functioning. When transferring Bitbons in the System, it is impossible to affect or influence the process from the outside. Anyone can become a Bitbon System Participant, regardless of his/her location or place of residence.
The Bitbon distribution contributes to the growth of the population’s business activity, which will increase the flow of tax revenues to the state budget. The Bitbon System development along with the high business ethical standards and principles as a whole creates favorable conditions for the emergence of a high-tech business, which in its turn will improve the quality of social life.
Transparency in the Bitbon System control process and the ability to save the entire transaction history in the Blockchain allow determining the illegal use of Bitbon. The security of Bitbon digital transfer is based on the absence of any motive for the illegal Bitbon seizure (against the will of the Bitbon owner) due to the inexpediency of its usage in future.
Digital document of a certain class according to the classifier accepted in the Bitbon System, which defines and regulates: rights and obligations of the Contractat, Bitup-Agency and Contributors, as well as the procedure, manner and conditions of their relations as three parties to the Projectbon Public Contract of a specific project; field of Projectbon use, as well as all products and operations that may be applied to Projectbon. The Projectbon Public Contract of a specific project can define the terms and procedures for Projectbon issuing, Bitbon and Projectbon transfer rules, procedure for repurchasing Projectbons from the Contributor as well as the reference to the procedure for evaluating Assets.
Increase in functionality and storage reliability of information on property rights to Assets by optimizing the system of management of property rights to Assets and applying innovative software and hardware solutions; creating a convenient and effective digital way of redistribution, transfer, accounting and management of property rights to Assets designated in Bitbons or Projectbons.
Type of activity of a Bitbon System User aimed at receiving additional income from participation in the implementation of the selected business project under the terms and conditions of the Projectbon Public Contract of this project. The Contributing process starts when the User exchanges available Bitbons for Projectbons.
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 block, so on the whole, the chain stores the entire history of completed transactions.
Property that is legally owned by the Bitbon System User, including real estate, bank deposits, machinery and production equipment, securities, patents, trademarks, know-how, shares in statutory funds and in other companies, shares in various projects with legal entities and individuals, Bitbons or Projectbons of another Bitbon System User and other assets.
Asset (property and other values) shown as an alphanumeric identifier and registered in the Blockchain.
Digital derivative financial instrument, which has all the properties of a crypto currency, issued by a company or a group of individuals in order to attract financial resources to implement promising projects or to acquire Assets for capitalization. The crypto asset serves as an instrument, which guarantees the identification of the crypto asset owner with the fulfillment of obligations of the issuer to the crypto asset holder.
Any commodity that can perform the function of money when exchanging goods on the domestic or international market.
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.
Digital asset, recording of which is decentralized; cryptography is used to ensure consistency of the chain of transaction blocks in the Blockchain.
The Bitbon System implements algorithms of multifactor authorization to access User Account. Due to the implemented algorithms of multifactor authorization, each Bitbon System Participant will always be able to restore access to his/her Account in case the access is lost.
Bitbon and/or Projectbon inheritance issues are resolved according to the procedure provided for in the Bitbon System Public Contract, which guarantees absolute safety and access to Bitbons and/or Projectbons based on the submitted and verified inheritance documents.
Contractat’s Assets are evaluated by a Bitup-Agency with the subsequent publication of the received results and statistical information in open access resources for all Bitbon System Participants.
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.