Blockchain is necessary in the BitNation ecosystem to manage the documentation process for all aspects of Pangea. From birth records to notarization platforms to marriage documents and land documents, blockchain can handle it all in stride.

As stated in their Litepaper:

“Bitnation’s Pangea is an encrypted, decentralized, blockchain-agnostic incentive network powered by a ECR20 Ethereum token awarded when users (and the nations they create) fulfill agreements with one another, resolve disputes and provide quality governance services.”

As the platform is built on the smart-contract focused Ethereum protocol, the purchase of PAT (Pangea Arbitration Tokens) allow users to purchase and pay for services and decentralized applications. These apps include the hallmark of BitNation, the Decentralized Borderless Voluntary Nation.

Hard Facts on the BitNation Token Sale

The token for the BitNation Pangea economy, PAT, is an ERC20 token based on the spry and innovative Ethereum blockchain.

Maximum supply : 42,000,000,000 PAT

: 42,000,000,000 PAT Token sale hard cap: $30,000,000

$30,000,000 Allocation of PAT for public Token sale: 10%

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 4pm CET. The sale is hard-capped at $27.3M USD and the token price is set by the market

Token Distribution:

34% token sale (three phases of the ICO)

14% future contributors

34% Pangea citizens

18% core contributors.

Projected Use of Funds:

52% technology

18% operations

18% user adoption

12% ecosystem

Final Thoughts on BitNation

The concept of BitNation is global, but its impact is local to whoever joins their cause. Their project is laser-focused on those who are of the belief that there should be a world without borders. With this plan, citizens have the freedom to traverse structures of economies, selecting the ones that suit their needs.

BitNation is far and above further in its life as a blockchain project than most. They have already handled birth certificates, records of land ownership, and a public notary service onto the blockchain. They have made blockchain passports, and are testing and developing land title creation in Ghana strictly on the blockchain.

As frustration with governments and economies grow, and border issues continue to become serious threats, the future of a borderless world is growing at a similar pace to the future of blockchain technology. Marrying the two into a cohesive project is a perfect storm of growth and success.