And The Pangea Arbitration Token
The Internet of Sovereignty
Brought to you by BITNATION: The World’s First Voluntary Nation – A Blockchain Jurisdiction
Bitnation is the world’s first Decentralized Borderless Voluntary Nation (DBVN). The Pangea Jurisdiction is a decentralized mobile phone chat that provides decentralised governance infrastructure for society to peacefully prosper. You can make peer-to-peer agreements, resolve disputes or even create a new nation on Pangea without third party authorisation or intervention.
Bitnation’s Pangea Jurisdiction has been in development since 2015, and is currently on version 0.3. Over 200 new Nations have been registered on the Bitnation website in anticipation of the new Pangea release. Bitnation has over 200 Embassies, Consulates, and Ambassadors, and over 10,000 registered Citizens on all five continents.
Bitnation has a dynamic open source community of over 2,000 contributors on our Slack channel. Our blockchain Public Notary is currently used for a range of legal purposes - marriages, wills, birth certificates, company registration, land titles, freelance agreements, loan agreements and so on. Bitnation organized the world’s first Blockchain Marriage and World Citizenship ID, Blockchain Land Title, Birth Certificate and Refugee Emergency ID during 2014 and 2015. The BITNATION Refugee Emergency Response (BRER) programme provides a blockchain ID for stateless people. BRER’s software won the Grand Prix and Award for Best Idea at the UNESCO NETEXPLO 2017.
Bitnation, Pangea and PAT FAQ
PAT Token Functionality
The Pangea Arbitration Token (PAT) is an ERC20 compatible in-app token for the Pangea Jurisdiction. The PAT system is proof-of-reputation for Citizens, issued when Citizens create a contract, successfully complete a contract or resolve 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.
PAT Token Distribution Mechanism
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 will be 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 Technology
The Pangea Software is a Decentralized Opt-In Jurisdiction where Citizens can conduct peer-to-peer arbitration and create their own Nations. Pangea uses the Panthalassa mesh, which is built using Interplanetary File System (IPFS) and Secure Scuttlebutt (SSB) 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 future, other chains such as Bitcoin, EOS and Tezos can be integrated with Pangea.
Bounties
PAT bounties for translations and software testing are being announced on our Slack channel in the #bounty channel.
XBNX Conversion
Early supporters who hold XBNX will be able to convert them to PAT at the end of the token sale through a token burn process.
Token Sale Event (TSE)
TSE Token Release: 34% of the tokens will be released during the token sale. During the pre- sale we will sell at least 10%. The TSE is hard-capped at US $30 million.
Resources
The Pangea Jurisdiction 2017 Whitepaper
Bitnation Contributor Guidelines
Bitnation Pangea Facebook Page
Bitnation Governance 2.0 Facebook Group
YouTube Channel
Bitnation Slack Channel
Bitnation Steemit Blog
Bitnation GitHub
Bitcointalk profile link: https://bitcointalk.
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