Bitnation: the Digital Pangea for Prosperous Citizens

Bitnation is a blockchain-oriented system enabling its users to become the “World Citizens”. Being the Planet’s first DBVN, which stands for “Decentralized Borderless Voluntary Nation”, it is aimed at the improvement of the governance quality and elimination of reasons for coercion and violence.  

The developers of the project call Bitnation a “holacratic institute” that aspires to turn into a fully featured decentralized autonomous organization, abbreviated to DAO. Saying “holacratic” they mean that their system has no outdated management bodies and entry barriers. On the contrary, the platform is open for any customer who wants to create a team or join an existing one. These teams of users are called “holons”; they can be concentrated on certain business entities or non-profit institutions. In any case, they stand to benefit from Bitnation support and technical facilities.    

  Key Elements of Bitnation

This system involves four major parties that interact with each other and with the platform:  

World Citizens. These are the key users of Bitnation, who participate in the life of this decentralized autonomous organization.  

Allies. In order to become an Ally, you should enter into partnership with the system. These members of the DAO have free access to all ‘holons’, communities, chats, and news. Allies get the opportunity “to radically shatter the world.” If they do have a watertight plan, naturally.  

Embassies and Consulates. These elements of Bitnation’s society are physical locations, such as people’s houses, cafes or offices. In these places the World Citizens, Allies, and Ambassadors can meet and interact. You may either live or work at the Embassy, while Consulates are always designed for work and meetings.  

Ambassadors. These are specially-trained persons responsible for the DAO’s deals and processes. The system includes different types of Ambassadors, and each of them has his own duties and responsibilities.  

  Concept of Bitnation

In this ecosystem, supreme authority belongs to the Citizens, not the State. The quality of governance is improved here by means of reducing the level of people’s competition for services or goods and increasing the level of Nations’ competition for people. In Bitnation, Citizens get the opportunity to choose what to create, where to use the system’s services, who to have business dealings with, and so on. At that, they don’t face high fees, time restrictions, legal non-compatibilities, etc.  

Bitnation’s major infrastructure is a smartphone chat-oriented poly-legal commonwealth. Its Pangea represents an incentive network empowered by ECR20 Ethereum tokens. The latter are provided to the users who perform various agreements, resolve disputes, and deliver governance services. With these tokens, which are called “Pangea Arbitration Tokens” or simply “PATs”, Citizens can pay for the system’s services. 

At this moment, you can use the working draft version of this ecosystem. It is by nature a mesh network designed to build smart contracts in regard to any integrated blockchain. Pangea features a number of services that will let you develop and join multiple DBVNs with their unique constitutions and consolidated laws. Afterwards, you’ll get the opportunity to make smart contracts, settle disputes, and exploit managemental dApps.   

   PAT and Token Sale

As we have already mentioned, PAT is an Ethereum-focused ERC20 conventional currency, which can be easily integrated with digital wallets and exchanges. The total supply of these tokens amounts to as much as 42 billion. The token sale is hard capped at level of $30 million. According to the project data, the allocation of Bitnation’s currency for public sale is 10%. Smartphone users will get up to 2.6 billion of PATs.   

The price of these tokens was reduced up to the fixed level for the beginning of the auction, which will end up as soon as the hard cap is reached. It’s worth mentioning that PATs are not exposed to inflation, this is why they are considered quite a reliable investment. The provisional investment return term is 2 years. The auction starts on March 25th 2018 and ends on April 25th 2018. The ICO was completed at the beginning of the year.   

 Timeline 

The project was started on July 14th 2014. The first iteration of Pangea was conducted in the second quarter of 2015, when its developers performed the pilot project and registered the land title. Three months later, Bitnation had its blockchain ID, its first Citizens, as well as the Embassy functionalities. In the fourth quarter of 2015, the team behind the project developed in-cooperation with the e-Residency Program in Estonia.  

The whole next year was devoted to the development of Pangea v2.0. The specialists launched DBVN on Ethereum and opened the DBVN Resource Center. In 2017 they developed a new IPFS basic backend of Pangea, created the design of PAT tokens, formed a scaling team, and started ICO pre-sale. The same year, the project received UNESCO's Netexplo Award. In 2018 they released Pangea v3.0. By the end of the year the members of the team are planning to develop the public dApp Store. The system’s public launch is scheduled for the end of the year.  

  Bitnation Developers

Bitnation was founded by Susanne Tarkowski Tempelhof, an experienced specialist in the sphere of blockchain. Before this project, she created a successful governance business in Afghanistan, which reached the record level of $7 million. According to some ratings, Susanne enters the list of top 10 people who are most likely to defend your privacy. 

The First Director is James Fennell Tempelhof, one of the leading blockchain market experts with excellent experience in such spheres as operations governance, security, and justice. Dr. John Matthews is the platform’s Financial Director, Sonja Prstec is its Legal Officer, and Kenneth Lillieholm is responsible for diplomatic interactions.  

The project has a number of advisors, including Rick Falkvinge (developer of the first Pirate Party and Swarmwise), David Orban (advisor to Dotsub), Todd Huffman (technology entrepreneur), David Drake (Chairman of LDJ Capital), and many others.  

  Conclusion

With its clear roadmap, rational token distribution, and reasonable goals, Bitnation has made a lot of noise in the today’s ICO market. It is righteously considered to be a promising project that will surely attract new investors and thus have much chance of success.  

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