BITNASI is the First Virtual Country in the World - A Block Jurisdiction.
The State Government has failed to follow the technology that changed our lives. The Internet has radically linked our world and Blockchain's technology - a confidential, secret controlled secret book distributed among all its users - enabling us to choose to organize ourselves in our own way: peer-to-peer, more local and global.
Bitnation, Pangea and PAT FAQ Token Token Token
Pangea Arbitration Token (PAT) is an in-app sign of ERC20 compatible for Pangea Jurisdiction. The PAT system is proof of reputation for Citizens, issued when Citizens make contracts, successfully completing a contract or settling disputes related to the contract. PAT is an algorithmic reputation token; arbitrage currency based on performance, not purchasing power, popularity, or attention.
PAT Token Distribution Mechanism
The PAT token distribution mechanism on Pangea is an autonomous agent, Lucy, who will initially launch Ethereal as a smart contract. This mechanism will be an agnostic blockchain and can be ported to a smart smart contract platform. A prophecy made by Bitnation will help facilitate this mechanism of distribution of automation (semi) in a decentralized and safe way.
Pangea Bitnation Technology
The Pangea Software is a Decentralized Optical Jurisdiction where Citizens can perform peer-to-peer arbitration and create their own country. Pangea uses the Panthalassa mesh, which is built using Interplanetary File System (IPFS) and Secure Scuttlebutt (SSB) protocols. This allows Pangea to be extremely resilient and secure, providing resistance to emerging threats such as high-performance quantum cryptography. Pangea is an agnostic blockchain, but uses the Ethereal blockchain for now. Going forward, other chains like Bitcoin, EOS and Tezos can be integrated with Pangea.
PAT bounty for translation and software testing is being announced on our Slack channel on channel #bounty.
Initial supporters holding XBNX will be able to convert them to PAT at the end of the token sale through token burning process.
Token Sale Event (TSE)
TSE Token Release: 34% of tokens will be released during token sales. During pre-sale we will sell at least 10%. TSE has difficulty reaching US $ 30 million.
For more information and join Bitnation social media today please follow some of the following links:
The bitcointalk name: Aray80