The current nation organization system is in dire need of an upgrade. It got us up to this point but with newer challenges appearing all the time and little to no effort put into actually changing the system we are bound to come to a dire halt. If up until recent times Citizens were assigned to a Nation or a jurisdiction system it would be awesome if we could live in a world where belonging to a Nation is a conscious decision that you have to take.

Traditionally speaking, a Nation is formed around a group of people of the same culture and aspirations, but frankly most of the time it’s just the location. With the help of technology, however, we could live a borderless world where Citizens will have the ability to choose freely the states they want to join and be part of!

Bitnation: The nation of tomorrow

With the help of the blockchain technology, the team over at Bitnation have created a peer-to-peer trustless ecosystem where people can band together to develop Decentralized Borderless Voluntary Nations or in short a DBVN. Citizens from around the world will have the opportunity to join these DBVNs and benefit from all of the jurisdiction processes that a healthy state would have. On the proof of concept application, tens of thousands of Citizens are already benefiting from the various contracts and jurisdiction processes like:

Public Notary

Blockchain ID

Blockchain Marriage

Birth Certificates

Emergency Refugee IDs

Inheritance contracts

The Bitnation ecosystem is currently based on the Ethereum blockchain to make use of the Smart Contracts feature, however, in the future, Bitnation will be entirely blockchain agnostic leaving the DBVN Citizens to choose the blockchain platform of their choosing.

PAT: Pangea Arbitration Token

Naturally, the Bitnation network will have a utility token in the form of PAT, an ERC20 based token that’s going to leverage the full extent of the Smart Contracts feature. The token will be algorithmically distributed by LUCY a state of the art AI system that is going to rate the resolutions of the Smart Contracts conducted on the platform.

Professional individuals will be able to sell their arbitration services on the network to solve any issue or merely create new smart contracts for the users of the net. LUCY the AI system will then evaluate the work done and automatically assign Proof-of-Origin tokens that can be redeemed into PAT tokens. The proprietary rating system employed by Bitnation is safe from game theory procedures as tokens will be awarded under reputation rather than popularity or purchasing power.

The total token cap is 42 billion with 34% of them being sold in the ICO stages. An auction will be held on the 25th of March to sell the tokens. The remaining unsold tokens will be slowly released for sale over a period of 24 months. With 18% allocated to founders and contributors and 14% reserved for bounties and incentives and the rest of the 34% will be earned by the Bitnation users.