Bitnation
BitNation is a Switzerland based organization producing a secure mesh network forming a distributed web, accessed through a smartphone-chat user friendly interface that is raising funds via an ICO. PAT tokens are issued by BITNATION
The Token
PAT is an ERC20 (Ethereum based) industry-standard token, easily integrated with wallets and exchanges. PAT code, the DBVN Multisignature code, and the BITNATION TSE Contract code has all been designed and audited by leading Solidity experts..
Its functionality
The platform is to be used for efficiently developing and executing P2P agreements and resolving issues and disputes honestly and efficiently.
You can either choose an arbitrator or you can become one in your own field of expertise.
On BitNation, you will be enabled to develop your own Decentralized Borderless Voluntary Nation (DVBN).
Once this is done, you can immediately select your Law Code and Mechanism for Decision-Making, build your own Constitution and offer Governance Services to the people, who are called citizens.
Conclusion
BitNation is creating buzz in the current ICO market, as it has a promising timeline and reasonable goals for their ICO rounds. While BitNation was established in 2014, Pangea was their brainchild in 2015.
They have since launched the PAT project, which itself has three sub-tokens under it: Proof of Agreement token, Proof of Nomic token and Proof of Collective token. These three sub-tokens are non-tradeable. In addition to that, PATs are algorithmic tokens, programmed to aide P2P contracts between the users of Pangea platforms.
If you are looking to investing in an ICO, BitNation has proven to possess all the important elements to succeed in the future.
As well as reading this review, take your time to read through their whitepaper and webpage as well. It will help you to understand the details of this project from all possible angles.
This article is not an investment advice. It is only for education purpose.
Important source to read about PAT
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