BITNATION. CREATE YOUR OWN NATION WITH PANGEA.

Today we will consider the ICO, which declares that the future of all mankind can be provided in the form of a free market of information services. The platform proposes to build a world of post-national states by providing a full range of management services and where sovereignty is solely attributable to citizens. Such an approach, as the developers assure, facilitates the return to the person of the freedom to choose management services.
Is it good or bad? You decide.

CREATE YOUR OWN NATION WITH PANGEA

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 Pangea software is a Decentralized Opt-In Jurisdiction where Citizens can conduct peer- to-peer arbitration and create Nations. Pangea uses the Panthalassa mesh, which is built using Secure Scuttlebutt (SSB) and Interplanetary File System (IPFS) protocols. This enables Pangea to be highly resilient and secure, conferring resistance to emergent threats such as high- performance quantum cryptography. Pangea is blockchain agnostic but uses the Ethereum blockchain for the time being.

In the Pangea Jurisdiction, Citizens are able to make peer-to-peer agreements, resolve disputes, and access governance services from DBVNs using the legal code of their preference. In addition, Pangea provides core infrastructure for other Voluntary Nations.

The Pangea Arbitration Token (PAT) master token, together with the three non- tradable reputation sub-tokens, forms a financial incentive network on Pangea. Is an ERC20 compatible in-app token for the Pangea Jurisdiction. The PAT token rewards good reputation and is issued on Pangea when Citizens accumulate non-tradable reputation tokens through creating a contract, successfully completing a contract or resolving a dispute attached to a contract. PAT is an algorithmic reputation token, an arbitration currency based on performance rather than purchasing power, popularity or attention. The distribution mechanism for PAT tokens on Pangea is an autonomous agent, Lucy, which will initially launch on Ethereum as a smart contract. This mechanism is blockchain agnostic and can be ported to any viable smart contract platform.

A LOOK INTO THE FUTURE

Despite the declared power, Pandea has long-term views on the future, which include:

1. Release of the new version of Pangea, in which the technology Panthalassa will be used and a significantly improved front-end is presented.
2. Configuring the framework for the specific needs of organizations, including the addition of various codes for laws, as well as constitutional functions.
3. Various services, for example, notarial services and identification system, as well as management of citizens, embassies and nations will be transferred to Pangea.

HOW IT WORKS

Panthalassa is the mesh-network backend software developed by Bitnation. Citizens can use the Pangea application to chat with each other, share files, write and sign smart contracts, acquire reputation, trade, create new nations and organizations and interact with nations and governance service providers. Pangea is inspired and builds on the Secure Scuttlebutt (SSB) philosophy and draws on the Interplanetary File System (IPFS) distributed web.

The goal is to provide users with a secure communications mesh network from which smart contracts can be written to the Ethereum blockchain, a light external node which removes the requirement for users to run a full node and sync the whole message chain, further improving usability. Panthalassa is constructed as a delay tolerant network (DTN) to allow users to have full functionality even if their internet connection is intermittent.

BENEFITS OF USE

• A DBVN relies on smart contracts to govern community interactions
• Transactions and rules are maintained on a blockchain (usually Ethereum)
• Creation of a Constitution (governs membership including how to enter and how to leave, benefits and responsibilities, core principles, etc.)
• Choice of Legal Code (Common Law, Civil Law, Sharia, etc.)
• Choice of Economic Model (Capitalism, Socialism, Communism, Taxemes, etc.)
• Choice of Decision Making Model (e.g. Democracy, Holacracy, Theocracy, Futurarchy, Autocracy, etc)
• Choice of Jurisdiction (Pangea or an external Nation State jurisdiction)
• Definition of Governance Services (Security, Jurisdiction, Education, Healthcare, Infrastructure, etc)
• A DBVN scales through people forming Holons, a self-organized system.

ICO DETAILS

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 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.

Allocation of PAT for public Token Sale: 10%
Total PAT supply: 42Bn
Smartphone users: 2.6Bn
Hardcap: $30M
"System D" economy: $10Tn
Legal services market: $600Bn

TOKEN DISTRIBUTION & PROJECTED USE OF FUNDS

PARTNERS

THE PROJECT TEAM

ROADMAP

July 14, 2014

• Bitnation is founded.
• World`s first blockchain marriage, world citizenship ID and other pilots.

Q2 2015

• First integration of Pangea.
• Using the horizons chain. Blockchain land title and birth certificate pilots conducted.

Q3 2015

• Refugee emergence response.
• Blockchain ID, citizen and embassy functionalities.

Q4 2015

• Public Notary.
• Created in cooperation with Estonia`s e-Residency Program.

Q1\Q4 2016

• DBVN and Pangea v.02
• Launch of DBVN on Ethereum, DBVN resource center and Pangea v.02 on SSB.

Q1\Q2 2017

• IPFS, PAT and NETEXPLO.
• New IPFS centric Pangea back-end, PAT token design.

Q3\Q4

• Organizational growth. Scaling team, new Pange front-end, ICO pre-sale.

Q1\2 2018

• Release Pangea 0.3 with nations and chat.
• Lucy Al and arbitration system.

Q3\4 2018

• Got to market phase. Rewards integration, public API and DApp store, public launch.

Q1\2 2019

• DApps, Exocortex 1.0

CONCLUSION

High-level goals require a lot of time and effort. In turn, Bitnation is a long-term project, the implementation of which will take at least 50 years. The project is based on a much better model of life, which offers freedom of choice for its citizens. Well, time will tell.

WEBSITE https://tse.bitnation.co/
WHITEPAPER https://github.com/Bit-Nation/Pangea-Docs/raw/master/BITNATION%20Pangea%20Whitepaper%202018.pdf
TELEGRAM https://t.me/PangeaBitnation
TWITTER https://twitter.com/@MyBitnation
FACEBOOK https://www.facebook.com/MyBitnation
ANN Thread https://bitcointalk.org/index.php?topic=2290580.new
BOUNTY Thread https://bitcointalk.org/index.php?topic=3081168
Author https://bitcointalk.org/index.php?action=profile;u=1186365