Bitnation is the world's first Decentralised Borderless Voluntary Nation

in #ico6 years ago


Bitnation is a decentralized borderless voluntary nation (DBVN). It is an open source movement, which can be used by anyone to create their own DBVN on Bitnation Genesis. So far over 200 new nations have been created. Bitnation has more than 1 hundred embassies and consulates, more than 10 thousand citizens on all continents of the planet and over 2 thousand contributors.
Bitnation provides a number of services, some of them in-house and others in partnership with other companies. Some of them include:

  1. Public Notary services which are used to verify birth certificates, marriages, divorces, wills, company registration, all kinds of agreements and so on. Moreover, Bitnation was the first to organize these kinds of documents on blockchain;
  2. Refugee Emergency Response which is able to provide blockchain IDs to stateless people. It should be noted that this software won the award for Best Idea at the UNESCO NETEXPLO 2017;
  3. The World’s first DBVN Constitution with a resource center for DBVN creators organized afterwards;
  4. Partnerships with various governance service providers with Exosphere Education Program, Dragonfly, resilience.me and SpaceChain among them
  5. The Pangea Jurisdiction, version 0.3, which is built on IPFS, SSB and Ethereum.
    It is generally known that the main duty of every nation is to protect its citizens and their capital through a legally valid jurisdiction (jurisdiction is the power to administer justice and to apply laws). The need for protection and justice is highly demanded now when information technologies are developing so rapidly and the nature of the assets is digitalized.
    The jurisdiction for DBVNs is Pangea. It is the software infrastructure developed by Bitnation and also a platform on which DBVNs can be created and through which governance services can be provided and accessed. Under Pangea Jurisdiction citizens can also enter into agreements and resolve disputes.
    Pangea has a token of its own which is called the Pangea Arbitration Token (PAT) and three more reputation subtokens. The four of them serve as a network incentive and provide for contract execution, dispute resolution and development of digital laws.
    The master token is an ECR20 token which will be available for purchase through cryptocurrency exchanges. The other three tokens are non-tradable, but each of them perform a peculiar function: proof-of agreement, proof-of-collective, and proof-of-nomic.
    The token sale is broken down into three stages, and a total of 14.28 billion PAT (i.e. 34%) will be sold:
  • presale;
  • public action which is going to last for 1 month and is aimed at selling 7.3% of PAT supply;
  • slow release – the unsold tokens will be distributed through exchanges for the next 2 years until the total planned amount will have been reached (by April 2020).
    The public sale is scheduled to start on the 25th of March and finish when the hard-cap of USD27.3 is reached or on the 25th of April. The token price is set by the market through the reverse auction mechanism. The higher the price, the less tokens will be issued to reach the hard-cap.

Useful links

Website | ANN | Whitepaper | Telegram | Twitter | Facebook |

Authored by: monarx

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.029
BTC 58051.31
ETH 3136.86
USDT 1.00
SBD 2.44