BITNATION is building the future of governance protocol. It has designed a new form of governance called Googlements, which actually provides core governance services, such as jurisdiction, law enforcement, healthcare and social security. To manage the contractors, who will provide the various services on the platform, is one of the core missions of the project. A few of the other tasks of the Googlements are aggregating contractors, negotiating prices with subcontractors and community functions.
Another top feature of the platform is the world citizenship passport on the Blockchain. They are building an international lifestyle for everyone where there is no border and wall between people. Every aspect of governance is being redesigned to suit the need of modern decentralised society, which believes in the power of distributed governance. They are conducting many more pilot programmes to test the capability of the blockchain technology.
Bitnation is designed to remove this attitude to people. The platform allows each user to choose independently that group of states to which he refers himself. That is, choose the place where he thinks he will be the best.
In doing so, he undertakes to comply with all community rules. To join, you only need to download the application on your phone and register. The groups will be formed on the basis of common goals and values, and due to free competition between such organizations, the quality of management services will be higher.
More on Bitnation watch the video below;
How does it work?
Bitnation is composed of Pangea which is the core decentralized borderless volunteer nation (DBVN) and user-created nations that are based on the Pangea core.
The points of a DBVN is to represent groups of people that share interests and allow them to conduct financial, social, and personal business together in ways that would normally be restricted by borders, laws, and other geopolitical boundaries.
A key component of a DBVN is the multitude of p2p contracts that can be implemented within. Examples of these contracts include business contracts, private contracts, and essential records.
In addition to these core contracts, a marketplace that offers freelance arbitrators, well-written laws, and custom smart contracts will be available on Pangea.
Bitnation Pangea Technology
The Pangea Software is a Decentralized Optical Jurisdiction where Citizens can perform peer-to-peer arbitration and create their own country. Pangea uses the Panthalassa mesh, which is built using Interplanetary File System (IPFS) and Secure Scuttlebutt (SSB) protocols. This allows Pangea to be extremely resilient and secure, providing resistance to emerging threats such as high-performance quantum cryptography. Pangea is an agnostic blockchain, but uses the Ethereal block for now. Going forward, other chains like Bitcoin, EOS and Tezos can be integrated with Pangea.
Pangea Arbitration Token (PAT)
Pangea Arbitration Token (PAT) is an in-app sign of ERC20 compatible for Pangea Jurisdiction. PAT tokens are proof of Citizens reputation, issued when Citizens make contracts, successfully complete a contract or settle disputes related to the contract. PAT is an algorithmic reputation token; arbitrage currency based on performance, not purchasing power, popularity, or attention.
Token Sale
📅ICO Date: Open Now
📈Token Ticker: PAT
💵Token Price: $0.009 base price.
Total Supply: 42 billion
Amount for Sale: 34% and Hardcap of $30 million
Unsold Tokens: Kept in reserve for volunteer contributors and DApp developers
Discounts: Maximum of 15%
Token Type: ERC20.
Powers Pangea
More than a third of PAT is reserved to power the Pangea Jurisdiction. Citizens garner non-tradable reputation tokens based on successful contract execution. Arbitrators and contracts also accumulate non-tradable tokens. Citizens are rewarded with PAT for accumulating non-tradable reputation tokens when milestones are reached.
Hard Capped
The PAT TSE will raise funds for Pangea development and to power Bitnation’s ecosystem. 34% of PAT will be sold during the TSE, including a pre-sale. To ensure the token is not diluted, the TSE is hard capped at US $30 Million. This is designed to increase PAT token value as Pangea evolves and gains market adoption.
SAFE AND TRANSPARENT
PAT is industry standard token based on ERC20 (Ethereum), easy to integrate with wallet and bursa. The PAT code, the DBVN Multisignature code, and the BITNATION TSE Contract code have all been designed and audited by leading Solidity experts. All contracts are open source and can be found in our GitHub. Funds are secured by Bitcoin Suisse AG in a multisignature purse.
ROADMAP
July 14, 2014
BITNATION was established
The world's first marriage of blockchains, world citizenship IDs and other pilots!
Q2 2015
The first iteration of Pangea
Using the Horizon chain. Blockchain land certificates and birth certificates are performed.
Q3 2015
Emergency Refugee Response
Blockchain ID function, Citizen and Embassy
Q4 2015
Notary public
Made in cooperation with the Estonian E-Residency Program
Q1 / Q4 2016
DBVN and Pangea ay. 02
Launch of DBVN in Ethereum, DBVN Resource Center, and Pangea v. 02 in SSB
Q1 / Q2 2017
IPFS, PAT and NETEXPLO
New IPFS Centric Pangea Backend, PAT Token Design and UNESCO NETEXPLO Award
Q3 / Q4 2017
New Frontend Pangea, Lucy Bot, Oracle and TSE
We are here now
Conclusion
To create a stable and reliable system of society, they have adopted a different kind of governance mechanisms. Many countries have adopted the democratic nature of governance while others have autocracy. Based on the smart contract, they have designed many services on the platform which replicate the original governance model, yet they are more transparent and reliable.
They are aiming to create a decentralised borderless voluntary nation (DBVN) and they have already found 10K global citizens. Creating alternative choices for the people of the world and building a technology-enabled governance is the primary objective of the project. They have recently launched their latest app on the android and apple store which offers many services based on the cryptocurrency payment. What do you think about the decentralised governance? Are we ready for the alternative governance?
Important Links
website: https://tse.bitnation.co/,
whitepaper:https://github.com/BitNation/PangeaDocs/raw/master/BITNATION%20Pangea%20Whitepaper%202018.pdf
Telegram: https://t.me/PangeaBitnation
Bounty: https://bitcointalk.org/index.php?topic=3081168.0
Ann Thread: https://bitcointalk.org/index.php?topic=2290580.new
YouTube: https://www.youtube.com/channel/UCGOeAGtILGLCT5j0KTf5pBw
Facebook: https://www.facebook.com/MyBitnation
Twitter: https://twitter.com/@MyBitnation
Author
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1933227
Bitcointalk username: wowspeaker
