Five Reasons Why You Should Install the Bitnation App Right Now!
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1. The portal to a brave new (digital) world!
Using the Bitnation App users can benefit from the Bitnation ecosystem that facilitates the creation of Decentralized Borderless Voluntary Nations or DBVNs. A brand new jurisdiction concept that allows the user to band together under the same principles while being protected by the decentralized technology of the blockchain.
With the help of Smart Contracts, automated governance systems can be implemented to facilitate services like birth certificates, blockchain marriage or any other sort of civil contract that would require a traditional jurisdictional implication.
2. The App wallet has a proprietary PAT token
On the Pangea App, users have the ability to store their PAT tokens; the cryptocurrency used to make any transaction on the Bitnation ecosystem. Based on the ERC20 standard the PAT token is going to become the PoR (Proof-of-Reputation) token for the DBVN citizens when they complete a contract or resolve some dispute that’s attached to a deal.
Being an algorithmic token, users will not be able to acquire PoR via popularity or purchasing power as LUCY the proprietary AI system will make sure that the most lucrative users of the Bitnation ecosystem get adequately compensated.
3. It’s easy to create a Nation directly from your phone!
To create a Nation on the platform, you create your account and complete your profile with the data about the persona you want to be in your nation. Then you have to pay a nominal fee in PAT tokens and poof you can start developing your nation!
Give a broad description of your mission statement, inform your citizens about the governmental structure and then add some Fun Facts to attract as more people as possible. Each day the number of DBVNs grows so hop in and create one yourself!
4. Regain your Sovereignty
Bitnation strives to create a world where nations will compete for their citizens rather than being assigned to the geographical country you’ve been born in. By offering unique services that speak to a particular group of people specific nations will rise where people work together to achieve a singular goal rather than being coerced to obey a strict set of laws.
Also, building nations in such a way that the core power is delegated to the inhabitants of a said nation will undoubtedly increase the awareness and overall responsibility.
5. The core cryptographic algorithms
Proof-of-Agreement POA is the reputation token received by arbitrators for their outstanding performance in contract creation and execution.
Proof-of-Collective POC is the reputation token earned by users groups and jurisdictional services created on the Pangea network. User satisfaction will drive this reputation.
Proof-of-Nomic PON is going to be the reputation token for contracts, legal notices, and laws that are also going to be the governed by the user satisfaction.
Implementing a new jurisdiction system on top of the existing one is going to be a daunting task, but with patience and the help of blockchain technology, people will slowly but surely adopt it.
How come this post has received 1131 (eleven hundred and thirty one) views and ... only 8 upvotes (at the moment of my writing) ? For a grand total of ... $0.46 ... before a number of bots scheduled to promote it a bit (fair enough) ... Very strange I'd say
Back to the topic of the post - the main problem I see is described in an older post of mine. It's "ICO fatigue" - there are too many of them targetting too small a population of crypto enthusiasts who cannot keep up with the flood of projects seeking attention (and funds) ...
Great article thanks for sharing. I've smashed the up vote button for you and I'll have a look at the app!
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