BITNATION

maniecool (36)in #ico • 6 years ago

PRESENTATION

Bitnation is a Decentralized Voluntary Country that is self-described, built on Blockchain Bitcoin. These services provide similar services to regular government, such as ID systems, dispute resolution, security, and insurance. However, all government records on Bitnation are stored in Blockchain, meaning a record created, irreversible or corrupted by any government agency.

The Bitnation movement started in 2014 as a first decentralized borderless voluntary nation and already attracted tens of thousands of members to join and become Bitnation citizens. The main idea behind Bitnation is based on improvement in the quality of governance by shifting power from the hands of the states into the hands of citizens. It gained popularity and world media coverage by winning UNESCO Netexplo award in 2017 and also through hosting several first world events like World Citizenship, first blockchain marriage, refugee emergency and others. With the development of Pangea project, Bitnation team decided to go one step further and start creating the internet of sovereignty.

The Vision Of BitNation

Bitnation’s vision is a global free market for governance services. A post-Nation State world of Voluntary Nations, City States and Autonomous Communities which compete for Citizens by providing a range of opt-in governance services. In our world sovereignty shifts decisively from the State to the Citizen, and humanity reclaims freedom of choice when accessing governance services.

Bitnation is the proof-of-concept Decentralized Borderless Voluntary Nation (DBVN). We are an open source movement, and anyone can build their own DBVN on Bitnation Genesis.

The PAT token

The Pangea Arbitration Token is going to be Bitnation’s cryptocurrency. Based on the ERC20 infrastructure users will be able to create Smart Contracts and deploy them on the Pangea network. Professional Arbitration individuals and lawyers will be able to offer their counseling services to solve or create these contracts, and in exchange, they will receive PAT tokens. With the help of LUCY an intricate AI system, reputation tokens will be assigned based on essential performance metrics to avoid game theory methods like purchasing power or popularity.

A public sale of tokens is held on the 25th of March where 34% of the tokens will be sold. The remaining unsold tokens will be released over a period of 24 months. With a total of 42 billion tokens and other fractions being allocated to core contributors, founders or future developments.

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