BITNATION - World's First Decentralized Borderless Voluntary Nation
Bitnation is the world's first Decentralized Borderless Voluntary Nation (DBVN). Bitnation started in July 2014 and hosted the world’s first blockchain marriage, birth certificate, refugee emergency ID, World Citizenship, DBVN Constitution and more. The website proof-of-concept, including the blockchain ID and Public Notary, is used by tens of thousands of Bitnation Citizens and Embassies around the world. Bitnation is the winner of UNESCO’s Netexplo Award 2017, and has been featured by the Wall Street Journal, Bloomberg, BBC, CNN, WIRED, VICE, TechCrunch, The Economist, Russia Today among many others.
THE PURPOSE
Bitnation to help overcome political, economic and geographic barriers by utilizing decentralized blockchain technology. Bitnation strives to pioneer decentralization, smart contract-based governance and help tackle the political, economic and geographic barriers posed by border rules and over-bordering regulations. Superseding the traditional structures provided by these countries; This new etereum-based platform is set to provide the best "better, cheaper, and fairer service in a distributed and voluntary way.
PANGEA ARBITRATIONTOKEN
The Bitnation platform will use Ethereum ERC20 tokens, issuing its own cryptocurrency – PAT tokens. Thanks to a unique system, called "Lucy AI," participants will be able to create smart contracts with the help of this autonomous agent that will automatically distribute reputation tokens, following to be converted in PAT tokens. The total supply of PAT is 42 billion tokens. 34% of this total will be distributed during the ICO stages that will take place on the 25th of March, and is expected to finish on the 25th of April.
In conclusion, Bitnation does not only intend to improve governments strategies or systems, but they want to replace them entirely in the future, with the help of their service platform on blockchain technology. The ultimate goal is to become the only platform in the world free from any state or nation jurisdiction influence.
Learn more about Bitnation by heading to the Telegram, ANN Thread and BOUNTY Thread. You can also download the Pangea App directly to your smartphone via Android or IOS store.
PAT Token Sale
The token sale is split into three phases and a total of 14.28 billion PAT (34%) will be sold across the three phases of the sale.
Sale phases:
• Phase 1: Presale - completed in December 2017.
• Phase 2: Public auction - 1 month auction of up to 7.3% of PAT supply.
• Phase 3: Slow release - the remaining unsold tokens will be sold via exchanges over the following 24 months so that a total of 14.28 billion (34%) have been sold by April 2020.
The total amount of PAT in circulation 24 months after the public sale finishes (25 April 2020) will be 14.28B (34% of 42 Billion) in addition to the PAT allocated to the core team and issued for bug bounties.
The public sale begins March 25th, 2018 4pm CET and finishes when either the hard-cap is reached ($27.3M of Ether has been bid), or on April 25th 16h00 CET. The sale is hard-capped at $27.3M USD and the token price is set by the market. This is achieved using a reverse auction with a variable price for the token. One of the effects of this model is that we do not know how many tokens will be sold during the auction. The higher the market-set price of PAT, the fewer tokens will be issued in order to reach the hard-cap.
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
Made in cooperation with the Estonian E-Residency Program
Q1 / Q4 2016
DBVN and Pangea ay. 02
Launch of DBVN in Ethereum, DBVN Resource Center, and Pangea v. 02 in SSB
Q1 / Q2 2017
IPFS, PAT and NETEXPLO
New IPFS Centric Pangea Backend, PAT Token Design and UNESCO NETEXPLO Award
Q3 / Q4 2017
New Frontend Pangea, Lucy Bot, Oracle and TSE
We are here now
Conclusion
To create a stable and reliable system of society, they have adopted a different kind of governance mechanisms. Many countries have adopted the democratic nature of governance while others have autocracy. Based on the smart contract, they have designed many services on the platform which replicate the original governance model, yet they are more transparent and reliable.
They are aiming to create a decentralised borderless voluntary nation (DBVN) and they have already found 10K global citizens. Creating alternative choices for the people of the world and building a technology-enabled governance is the primary objective of the project. They have recently launched their latest app on the android and apple store which offers many services based on the cryptocurrency payment. What do you think about the decentralised governance? Are we ready for the alternative governance?
FOR MORE INFORMATION
Website : https://bitnation.co/
ANN : https://bitcointalk.org/index.php?topic=2290580.new
Facebook : https://www.facebook.com/MyBitnation/?ref=br_rs
Twitter : https://twitter.com/MyBitNation
Telegram : https://t.me/PangeaBitnation
created by :
Username BItcointalk : totoprayogo
Link to profile : https://bitcointalk.org/index.php?action=profile;u=1736270;sa=summary
Ethereum Address: 0xbbaf4608d26483e6457b245a860db590340f89a2