A theoretical model is proposed, in which oxygen in the lattice of high-temperature superconductors (HTS) exists in the form of an ordinary oxide ion O2−, diatomic diamagnetic peroxide ion O22 (the Vk-bicenter), nonstoichiometric molecular oxygen O20 freely dissolved in the lattice, and virtual O2. The two electrons on O22 form a bound exciton pair with the two holes of Cu2+. The dynamic interaction between pairs is realized through the “relay-race” mechanism in the O22O20 chain. The motion in the chain induces the motion of a correlated pair of holes in the valence band, which leads to the superconducting current state in HTS. The calculated value of the Bose condensation temperature Tc correlates with experimental values. The linear temperature dependence of resistance, the absence of isotopic effect and the blurring of the superconducting transition in a magnetic field are explained. The existence of antiferroelectricity and a step on the Tc (y) dependence, where y is the nonstoichiometry, are predicted.

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