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@asoltys
Created January 4, 2013 01:18
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<?xml version="1.0"?>
<digitalAssetContract version="1.0">
<entity shortname="digiBTC"
longname="Digital Bitcoin Tokens"
email="stretchwarren@gmail.com or asoltys@gmail.com"/>
<issue company="Vancouver Bitcoin"
email="stretchwarren@gmail.com or asoltys@gmail.com"
contractUrl="vanbtc.ca/ot/contracts/digiBTC"
type="currency"/>
<currency name="digiBTC" tla="dBTC" symbol="dBTC"
type="decimal" factor="1" decimal_power="0" fraction=""/>
<!-- CONDITIONS -->
<condition name="backing">
Digital Bitcoin Tokens are backed by actual bitcoin, held in reserve by Vancouver Bitcoin
at 14Ch4z1asqNYvisoKzY4NTTXL3PTHHxKhn on the bitcoin blockchain.
</condition>
<condition name="audit">
Vancouver Bitcoin's reserves can be audited, at anytime, by viewing 14Ch4z1asqNYvisoKzY4NTTXL3PTHHxKhn
on the bitcoin blockchain.
</condition>
<condition name="purchase">
Digital Bitcoin Tokens can be purchased with bitcoin, or any other asset—for an agreed upon exchange
rate—at vanbtc.ca/ot/purchase. Any assets exchanged for Digital Bitcoin Tokens, such as cash, will be
exchanged for bitcoin then transferred into Vancouver Bitcoin's minting account at
14Ch4z1asqNYvisoKzY4NTTXL3PTHHxKhn on the bitcoin blockchain, before, Digital Bitcoin Tokens will be
minted and issued to the purchaser. This guarantees 100% reserves in the minting account.
</condition>
<condition name="redemption">
Digital Bitcoin Tokens can be redeemed at vanbtc.ca/redeem.
</condition>
<condition name="rate">
Issuance and redemption will be performed for a .25% fee by Vancouver Bitcoin, this fee pays for
administration and server expenses etc.
</condition>
<condition name="buyback">
The Issuer reserves the right to buy back all outstanding currency, thereby terminating the use of this
instrument.
</condition>
<condition name="liability">
Vancouver Bitcoin is in no way liable for the Digital Bitcoin Tokens that it mints and issues; however,
Vancouver Bitcoin will buy back any Digital Bitcoin Tokens it has issued, and for which it has the
equivalent amount of bitcoin is held in reserve at 14Ch4z1asqNYvisoKzY4NTTXL3PTHHxKhn on the bitcoin
blockchain.
</condition>
<condition name="mint">
The total quantity of Digital Bitcoin Tokens, minted by Vancouver Bitcoin, will be the
exact amount of bitcoin held in Vancouver Bitcoin's reserve account
at 14Ch4z1asqNYvisoKzY4NTTXL3PTHHxKhn on the bitcoin blockchain. Vancouver Bitcoin mints
Digital Bitcoin Tokens from actual bitcoin—JUST LIKE GOLD MINTS MINT GOLD COINS OUT OF ACTUAL GOLD.
</condition>
<condition name="privacy">
The purchase and exchange of Digital Bitcoin Tokens are conducted on the basis of strong privacy.
</condition>
<!-- KEYS -->
<key name="contract">
-----BEGIN CERTIFICATE-----
MIICPzCCAaigAwIBAgIBADANBgkqhkiG9w0BAQQFADAlMQswCQYDVQQGEwJVSzEW
MBQGA1UEAxMNT3BlblNTTCBHcm91cDAeFw0xMzAxMDMyMzIwMjRaFw0yMzAxMDEy
MzIwMjRaMCUxCzAJBgNVBAYTAlVLMRYwFAYDVQQDEw1PcGVuU1NMIEdyb3VwMIGf
MA0GCSqGSIb3DQEBAQUAA4GNADCBiQKBgQC/rXKpaCFSpYqX3E3uz48sMSzAvwnw
Ua9NWgPe0E3kBZyDDbQXLUASqxh8rYc8Li4XDZXmPMkTJf6thX41OvA/aIwOr00u
6CE4kBPoyYAvOItCpGGVL0nUc5E95pgQYjHipdpcTN19Ti1k9IwHR7rl1vrluwZK
Z0/8ldD6LndkWwIDAQABo38wfTAPBgNVHRMBAf8EBTADAQH/MA4GA1UdDwEB/wQE
AwIBBjAdBgNVHQ4EFgQUx+bPecCXidot0BPat6fWRGdkwGowEQYJYIZIAYb4QgEB
BAQDAgIEMCgGCWCGSAGG+EIBDQQbFhlleGFtcGxlIGNvbW1lbnQgZXh0ZW5zaW9u
MA0GCSqGSIb3DQEBBAUAA4GBAJ1qizzkkdFYlz3ue6/2DZ2HK0Yk/YKWQ8Dyhki5
3ch+Fky6DnqGM5ikQEQRTmgFVyJbLm5dbm3xdGo0oORiaHjorTxWhLrQSPrHHsm6
MnhVRnZbVJljF88ZxtQmFK5iyXVNOv19oIfmb1AbQ0b68JkGBdtBIgPdoS3XsUAH
fEq1
-----END CERTIFICATE-----
</key>
</digitalAssetContract>
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