The World's First Decentralized Borderless Voluntary Nation
Lelvin
Bitnation endeavors to pioneer decentralization, brilliant contract-based administration and help handle the political, financial and geographic hindrances postured by outskirt rules and over-circumscribing directions. Superseding the customary structures gave by these nations; The new ethereum-based stage is set to give the best "better, less expensive, and more attractive administration in an appropriated and intentional way."Along these lines, individuals can join contending "suppliers" without adjusting to area or general duties without their express assent. The double idea of their tokenized economy (non-tradable notoriety tokens and tradable 'PAT' or 'Pangea Arbitration Tokens') are expected to avert debasement effectively.
Bitnation is the world's initially Decentralized Border-less Voluntary Nation (DBVN). Bitnation began in July 2014 and facilitated the world's first blockchain marriage, birth testament, displaced person crisis ID, World Citizenship, DBVN Constitution and that's only the tip of the iceberg. The site evidence of-idea, including the blockchain ID and Public Notary, is utilized by a huge number of Bitnation Citizens and Embassies around the globe. Bitnation is the champ of UNESCO's Netexplo Award 2017, and has been highlighted by the Wall Street Journal, Bloomberg, BBC, CNN, WIRED, VICE, TechCrunch, The Economist, Russia Today among numerous others.
The Purpose
Bitnation expects to help conquer political, monetary and geographic hindrances by using decentralized blockchain innovation. Bitnation endeavors to pioneer decentralization, keen contract-based administration and help handle the political, financial and geographic boundaries postured by fringe rules and over-flanking directions. Superseding the conventional structures gave by these nations; This new ethereum-based stage is set to give the best "better, less expensive, and more pleasant administration in a disseminated and intentional way.
Pangea Arbitration Token (PAT)
The Pangea Arbitration Token (PAT) is composed particularly to compensate the effective execution of authoritative concurrences on the Pangea stage and isn't basically a money, despite the fact that the ace token will be tradable on digital money trades. PAT is circulated through an Ethereum shrewd contract31 containing a tradable ECR20 ace token which fills in as a reward token on Pangea and furthermore administers three non-tradable notoriety tokens, each with particular capacities and characteristics:
● Proof-of-Agreement (POA): A non-tradable notoriety token for Pangea clients and authorities which is administered by execution criteria for brilliant contract creation and execution.
● Proof-of-Collective (POC): A non-tradable notoriety token for DBVNs, client gatherings and administration administrations made on Pangea, it is administered by client fulfillment with aggregate contract creation and execution.
● Proof-of-Nomic (PON): A non-tradable notoriety token for contracts, laws and legitimate codes administered by client fulfillment.
Pangea Business Model
The Pangea income demonstrate depends on two wellsprings of wage identifying with contract creation and execution separately:
A little exchange expense on the sums referees, judges and juries charge for their administrations on Pangea (in Bitcoin, Ether or different digital forms of money changed over on-stage into PAT);
A little exchange expense over the sum mineworkers charge to timestamp and execute keen contracts made on Pangea on Ethereum or other coordinated blockchains (additionally changed over into PAT).
Income is charged in PAT, convertible from different digital forms of money on the stage. Advancement needs and spending plans will be examined through discussions like consider.it and the last spending assignment will be made through the multisignature designate
PAT Token Sale
At the core of the Pangea venture is a PAT token that will be offered on special of open products beginning on 25 March. Underline that this won't be a normal ICO in light of the fact that Pangea's group chosen to offer 34% PAT Tokens through switch sell off models.
The token deal is part into three stages and a sum of 14.28 billion PAT (34%) will be sold over the three periods of the deal.
Deal stages:
• Phase 1: Presale - finished in December 2017.
• Phase 2: Public sale - 1 month closeout of up to 7.3% of PAT supply.
• Phase 3: Slow discharge - the staying unsold tokens will be sold by means of trades over the accompanying two years with the goal that an aggregate of 14.28 billion (34%) have been sold by April 2020.
The aggregate sum of PAT available for use two years after the general population deal completes (25 April 2020) will be 14.28B (34% of 42 Billion) notwithstanding the PAT allotted deeply group and issued for bug bounties.
General society deal starts March 25th, 2018 4pm CET and completions when either the hard-top is achieved ($27.3M of Ether has been offered), or on April 25th 16h00 CET. The deal is hard-topped at $27.3M USD and the token cost is set by the market. This is accomplished utilizing an invert sell off with a variable cost for the token. One of the impacts of this model is that we don't know what number of tokens will be sold amid the bartering. The higher the market-set cost of PAT, the less tokens will be issued with a specific end goal to achieve the hard-top.
For more information
Website : https://bitnation.co/
Facebook : https://www.facebook.com/MyBitnation/?ref=br_rs
Twitter : https://twitter.com/MyBitNation
Telegram : https://t.me/PangeaBitnation
Authored by Lelvin: https://bitcointalk.org/index.php?action=profile;u=1275173