Mar 22, 2018
Bitnation's 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 highperformance quantum cryptography. Pangea is blockchain agnostic, but uses the Ethereum blockchain for the time being. In the future, other chains such as Bitcoin, EOS and Tezos can be integrated with Pangea. The Pangea Arbitration Token (PAT) 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. An oracle created by Bitnation will help to facilitate this (semi) autonomous distribution mechanism in a decentralized and secure fashion.
Bitnation's Pangea is a secure mesh network forming a distributed web, accessed through a smartphone-chat user friendly interface. Blockchain agnostic smart contract functionality powers the Pangea Jurisdiction, currently implemented with Ethereum. Pangea is a decentralized market for legal services. Create and execute peer-to-peer agreements seamlessly across the world, resolve disputes fairly and efficiently. Choose an arbitrator, or become an arbitrator in your field of expertise. On Pangea you can create your own Decentralised Borderless Voluntary Nation (DBVN). Choose your Code of Law and Decision-Making Mechanism, write a Constitution and provide Governance Services to Citizens.
Bitnation's juridiction is build upon a mesh communications netowrk, ewhich uses proven industry components linked to IPFS file storage and a light Ethereum geth node, enabling smart contract to be written to the Ethereum blockchain. Other chains can be integrated and are programed into the dev roadmap. The PAT driven repuation system will be integrated at the end of Q2 2018 (initial version), and rewards the accumulation of three non-tradable tokens for 1.) making and completing contracts, 2.) arbitrating disputes, 3.) populating nations and offering quality governance services, and 4.) creating popular smart contracts. User reputation is based upon performance criteria determined by our AI. Nation and contract reputation is determined by user feedback. Our early Beta was released in January 2018, on which nations can be created and citizens can chat with one another. The 2018-9 roadmap will see all features integrated and a got-to-market strategy actioned.
BITNATION was founded in 214
July 14, 2014
BITNATION is founded
First iteration of Pangea
Refugee Emergency Response
DBVN and Pangea v. 02
IPFS, PAT and NETEXPLO
New Pangea Frontend, Lucy Bot, Oracle and TSE
Attention. There is a risk that unverified members are not actually members of the team
$3 113 953
$105 245 924
This is a decentralized platform jurisdiction which embraces internet sovereignty on block chain technology enabling citizens to conduct peer to peer arbitrations to come up with a voluntary nation. It uses the panthalasa mesh which is built using secure scuttlebutt (SSB) ,an interplanetary file system (IPFS) and Ethereum promoting self-productivity.
Free governance services: The project enables the citizens to have sovereign powers and the right to self-determination enabling them to choose any form of expression and individuals to associate with as opposed to the current orders where the citizens are forced to compete with each other in order to receive the desired governance outcome which has led to violence and conflicts in many states, kingdoms and city states.
Adequate security: The good governance provided by the Decentralized Borderless Voluntary Nation (DBVN) protects the bodies of the citizens as it if free from violence and dispossession. This provides adequate security in protecting all the citizens as there are no border conflicts between the various nations and in case conflicts arises they are amicably resolved without loss of lives.
Business agreements: The platform provides an easy way to draw up a contract peer to peer, resolve any dispute that arises and incentivize contract compliance through reputation system which allows freelance trading on any crypto currency. This promotes easy exchange of goods and services within different nations due to common cultures and cohesion within the different states.
Poor service delivery: The project promotes self-dependence as different individuals are self-productive and doesn’t greatly depend on the goods and services from other citizens. This hinders competition in the service industry which is key in promoting economic growth.
The increased centralized governance in the past decades has imposed a lot of suffering to the citizens as the decisions are made by individuals leading to frequent border conflicts. The system of governance provided by Pangea eliminates this challenge as the citizens are able to have peer to peer agreement to form voluntary nations free from violence making the project viable in application.
Unlike many other blockchain projects which seek to disrupt existing industries, BitNation seeks to forge ahead with an entirely new one – nation-building without physical boundaries. That makes it one of the most ambitious projects we have seen. In the long term, it’s impossible to make predictions about such an ambitious project.
However, in the short term, it’s entirely possible that the project and the concept behind it could go viral. If that happens, the anti-nation-state stance of the project is likely to appeal to the crypto community’s libertarian strands.
It’s therefore entirely possible that the Pangea network could achieve critical mass quite quickly. The project will rely on the network effect, and if it can achieve critical mass, its utility value will grow rapidly. We will be watching with interest to see how the marketing strategy evolves and how quickly the team can add functionality to the smartphone app.
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.
Bitnation is a unique blockchain-based platform with thousands of members worldwide. The platform allows anyone to become a world citizen. You join the platform, then enjoy various benefits of Bitnation citizenship. Today, the platform is moving to a decentralized autonomous organization (DAO) structure. It’s built on the Ethereum blockchain. Over the years, Bitnation has passed by a number of major milestones – including registering the first birth certificate, land records, and national public notary service on the blockchain. There are blockchain passports, and Bitnation has even developed and tested workable DIY land titles in Ghana, recorded on the blockchain.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.