Bitnation: Power to the people!

Without a doubt, every citizen of this world is sovereign and has the right to self-determination. Everyone has the liberty to choose the form of expression they desire, the freedom to associate and cooperate as they see fit. With the ever-growing global population, however, this is getting harder and harder to guarantee. We currently rely on archaic jurisdiction and governance models that have taken us so far, but with the new social issues and dilemmas, one must create a new version of what we call Nation. The blockchain technology will disrupt every aspect of our lives even the National System!

Bitnation: Power to the people!

With the help of the Pangea software, Bitnation has created the first free global market for governance services. With the help of blockchain technology based on the Ethereum model, the Pangea software allows users to develop Decentralized Borderless Voluntary Nations that people can opt-in to. The proof of concept network is currently serving thousands of users across the globe with Blockchain Ids and a Public Notary that enables jurisdiction services like, blockchain marriage, emergency refugee id, birth certificates and even Heir contracts. Thanks to the Smart Contracts feature, everyone can create a nation that adheres to the DBVN constitution by creating enticing services to attract the Citizens.

In Bitnation’s vision, the sovereignty and freedom of movement must be ultimately transferred from a state level back to the citizen. Without the current bureaucratic constraints joining a DBVN will be a natural thing to do. The primary network is currently based on the Ethereum blockchain; however, at a later stage, the Pangea software will be blockchain agnostic. Citizens of this bold new world will be able to choose the blockchain platform best suited for their needs!

On the PAT! (Pangea Arbitration Token)

Arbitration professionals and lawyers will be able to leverage their expertise on the network by providing counseling and advice on how to solve or create jurisdiction contracts. Based on the reputation gained for solving and creating arrangements on the platform, state of the art AI system will distribute reputation based tokens that in their turn can be redeemed for PAT tokens.

Key performance indicators and cryptographical algorithms are set in place to avoid and deter any game theory mechanics. Simply put, earning reputation on the platform will earn you PAT tokens not purchasing power or popularity traits.

The total number of issued PAT tokens is 42 million. On the 25th of March, 34% of these tokens will be put for sale. The remaining unsold tokens will be sold to the public over a period of 24 months. 18% will be reserved for the founders and core members while 14% will go towards research and development incentives. The rest of the 34% will remain to be earned by the users and Citizens of the Bitnation ecosystem. So having the underlying infrastructure to pull off such a grand idea is undoubtedly a good sign and an actual opportunity for anyone looking to join this movement! For more information head over to https://bitnation.co/