Bitnation

PANGEA

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.

POSITIVE VALUES

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.

NEGATIVE VALUES

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.

RECOMEMENDATIONS

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.