BITNATION - A Challenge To Modern States

Would you like to live in a free world? And according to your own laws? Is it interesting for you to create a new nation or join the one that is closest to you?

You will say that this is impossible, and even if it is possible, it will take many centuries. And you will be wrong.

The Pangea platform with it's Bitnation project allows you to do this with a few keystrokes.

The project is aimed at eliminating the pillar of the modern state structure - the hierarchy. In Pangea, the basis for the organization and existence of digital nations is holacracy. Instead of centralization, it is proposed to use roles, playing which all members of the nation are moving toward a common goal.

Bitnation is a large group of people united by a common goal, interests, world view, language, culture and so on. The initiator of the digital nation creation can be any participant in the platform who has something to offer to others as a goal. Any of the participants can be a part of more than one digital nation.

The main goal of Pangea is to create an alternative state market for management services. The project proposes to take a monopoly on sovereignty away from the state and transfer it to the person. According to their idea, each person can choose by himself what laws he should live with, with whom to establish cooperation. Everyone can choose with whom to sign a contract for the provision of management and registration services. In the world of state administration there will be competition, which will significantly improve the quality, speed and cost of these services.

At the beginning of the implementation phase, the Pangea platform will rely on the Ethereum Virtual Machine. However, the system is built in such a way that it can painlessly move to another blockchain, which will prove more effective for the tasks facing digital nations.

Tokens are an integral part of the platform. There will be two varieties of them: tradable (arbitrage) and non-tradable (reputational). The tradable PAT token is not a means of payment for participation, but is used to reward a rating associated with active participation in the ecosystem. Thanks to the token, the rating can be monetized - PAT will be sold freely on cryptocurrency exchanges.
For more information, refer to the project's White Paper or to the site bitnation.co.

Tokens can be purchased during their initial offering, which will start on March 25, 2018 and will last one month or until $ 30 million hardcap will be reached. At the end of ICO, the slow distribution of tokens will start, which will last two years.

In total, 42 billion PAT tokens will be issued. But not all of them will be distributed during the ICO. 12.3 billion tokens will be sold this way. The rest will be reserved to reward participants and developers of the ecosystem.

More detailed information is available on this link - GITHUB

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