This section of the Bitbon System Roadmap allows monitoring the development of the Bitbon System economic and legal support, which is the foundation for its full operation in the international legal field. This section also specifies the list of legal documents regulating certain roles for Bitbon System Users with a brief description and current status of each document.
Bitbon System Public Contract
On March 10, 2018, the Bitbon System Public Contract was published and came into effect. It is a basic constitutive agreement between SIMCORD LLC as the founder of the Bitbon System and all Bitbon System Participants. The Bitbon System Public Contract sets forth the rights and obligations of Participants arising from the management of the Bitbon System as well as stipulates the capabilities of its Users.
The Appendix to the Bitbon System Public Contract “Terms and Definitions in the Bitbon System Social Network”
The Bitbon System uses a unique mechanism of interaction between its Participants and with the real sector of economy. This, in turn, requires the use of special terminology to describe the Bitbon System processes accurately and correctly.
The Appendix to the Bitbon System Public Contract “Making Amendments and/or Additions to the Bitbon System Public Contract”
This Appendix determines the procedure and requirements for making amendments and/or additions to the Bitbon System Public Contract as well as to the Appendices specified in Provision 2 of the Bitbon System Public Contract in order to ensure transparency of the Bitbon System operation.
Entering the Bitbon digital asset in the balance sheet of an enterprise as an intangible asset
From the moment of publication of the updated Bitbon Protocol that confirms the legal nature of the Bitbon distributed ledger token derived from the nonmonetary asset “Bitbon System Infrastructure Access Set” of SIMCORD LLC, the ability of representing Bitbon in accounting (financial) reports as an intangible asset is confirmed for the use by natural persons and business entities.
The Appendix to the Bitbon System Public Contract “Bitbon System Provider”
This Appendix determines the fundamental principles and procedure for providing in the Bitbon System, establishes the status of a Bitbon System Provider as well as regulates his/her rights and obligations in order to ensure support and development of the Bitbon System decentralized execution environment.
The Appendix to the Bitbon System Public Contract “Funds of the Bitbon System”
The Appendix specifies the list of funds of the Bitbon System as well as the terms and procedure for their creation, suspension or closure and other terms of their operation.
The Appendix to the Bitbon System Public Contract “Providing in the Bitbon System: Economic and Legal Decentralization of the Bitbon System”
The Appendix determines the fundamental principles and procedure for performing the Bitbon System Provider’s activities in the role of a Registrator, regulates his/her rights and obligations in order to ensure the economic and legal decentralization of the Bitbon System.
Providing in the Bitbon System: Economic and Legal Decentralization of the Bitbon System
The Appendix to the Bitbon System Public Contract “Providing in the Bitbon System: Technological Decentralization of the Bitbon System”
The Appendix determines the fundamental principles and procedure for performing the Bitbon System Provider’s activities in the role of a Partitioner, regulates his/her rights and obligations in order to ensure the technological decentralization of the Bitbon System.
Providing in the Bitbon System: Technological Decentralization of the Bitbon System
The Appendix to the Bitbon System Public Contract “Bitbon System Account”
The Appendix specifies operating terms and conditions of the Bitbon System account as well as the procedure for its use by the Bitbon System User.
The Appendix to the Bitbon System Public Contract “One Space Base Service”
The Appendix specifies the functionalities of the One Space base service.
The Appendix to the Bitbon System Public Contract “AML/KYC Policy”
The Appendix provides the Bitbon System User with information on preventing and mitigating possible risks for Bitbon System Operators related to their involvement in illegal activities of any kind.
The Appendix to the Bitbon System Public Contract “Privacy Policy”
The Appendix provides the Bitbon System User with information on why his/her personal data is collected and processed while he/she uses the functionalities of the Bitbon System infrastructure.
The Appendix to the Bitbon System Public Contract “Cookie Policy”
The Appendix provides the Bitbon System User with information on why cookies are collected and processed while he/she uses the websites that are part of the Bitbon System infrastructure.
The Appendix to the Bitbon System Public Contract “Components and Base Services of the Bitbon System”
The Appendix specifies the list and characteristics of the main components and base services of the Bitbon System.
The Appendix to the Bitbon System Public Contract “Service Fees in the Bitbon System: the Procedure for Their Deduction and Distribution”
The Appendix determines the terms of collection, the procedure for calculating, deducting and distributing service fees in the Bitbon System.
The Appendix to the Bitbon System Public Contract “Bitbon System Operator”
The Appendix determines the fundamental principles of activity, establishes the status of a Bitbon System Operator and defines his/her powers.
The Appendix to the Bitbon System Public Contract “The ERBB Service”
The Appendix specifies the ERBB (Exchange Request for Bitbon) service terms of use in the Bitbon System.
The Appendix to the Bitbon System Public Contract “Rules of Tokenized Asset Circulation in the Bitbon System Social Network”
The Appendix will contain rules and conditions for circulation of tokenized assets in the Bitbon System, namely the transfer of tokenized asset units and tokenized assets.
The Appendix to the Bitbon System Public Contract “Bitbon System Management”
The Appendix will contain rules and conditions as well as basic principles for the Bitbon System management by its Participants.
The Appendix to the Bitbon System Public Contract “Bitbon System Contributor”
The Appendix will establish the status of a Contributor and his/her roles in the Bitbon System.
The Appendix to the Bitbon System Public Contract “Contributing in the Bitbon System”
The Appendix will determine the fundamental principles and procedure for performing Users’ activities with the status of a Contributor.
The Appendix to the Bitbon System Public Contract “Bitbon System Integrator”
The Appendix will establish the status of an Integrator and his/her roles in the Bitbon System.
The Appendix to the Bitbon System Public Contract “Bitbon System Validator”
The Appendix will establish the status of a Validator and his/her roles in the Bitbon System.
The Appendix to the Bitbon System Public Contract “Bitbon System Specialist”
The Appendix will establish the status of a Specialist and his/her roles in the Bitbon System.
The Appendix to the Bitbon System Public Contract “Resolving Issues of Tokenized Asset Inheritance in the Bitbon System”
The Appendix will determine the procedure for tokenized asset inheritance in the Bitbon System.
The Appendix to the Bitbon System Public Contract “Meta-Assets in the Bitbon System”
The Appendix will determine the rules and conditions for creating and managing meta-assets in the Bitbon System.
The Appendix to the Bitbon System Public Contract “Services of Bitbon System Users”
The Appendix will determine the procedure, rules and conditions for creating and integrating user services in the Bitbon System.
The Appendix to the Bitbon System Public Contract “Decentralized Metafile Storage in the Bitbon System”
The Appendix will determine the procedure for storing metafiles in a decentralized storage.
The Appendix to the Bitbon System Public Contract “Bitbon System Community Guidelines”
The Appendix will determine the procedure and principles for interaction between Bitbon System Users.
On March 10, 2018, the Bitbon System Public Contract was published and came into effect. It is a basic constitutive agreement between SIMCORD LLC as the founder of the Bitbon System and all Bitbon System Participants. The Bitbon System Public Contract sets forth the rights and obligations of Participants arising from the management of the Bitbon System as well as stipulates the capabilities of its Users.
