Bitnation was built in 2014. It has already created some blockchain based projects. The projects mostly use a blockchain network to build a state-of-the-art citizenship system. Among all of the Bitnation projects, there are two core projects that were recently launched. They are PAT and Pangea Jurisdiction.
Description of Bitnation Projects
The first project is the Pangea Jurisdiction. This project is intended for Bitnation citizens. Citizens enable to create nations and carry out a P2P arbitration. SSB and IPFS protocols are used to develop Panthalassa mesh that is used by this platform. PAT tokens are used for any transactions in the Pangea ecosystem. Thus, PAT and Pangea cannot be separated. Users who have good reputation can get rewards in the form of PAT tokens. How do they achieve good reputation? They can do so by finishing contracts successfully or resolve a disagreement that comes with the contract.
Why You Should Join Bitnation
One of the main reasons to join this good project is that Bitnation Pangea is safe and robust. It can solve problems related to threats such as high-performing quantum and cryptography. The Pangea team uses the concept of a blockchain agnostic. Before that, Ethereum blockchain was used temporarily. The platform’s developers are also trying to merge the latest blockchain technology with Tezos, EOS, and Bitcoin. The second reason why this project is worth-joining is that it incorporates technologies and innovation to make continuous improvement. First, it uses PAT token that works well with ERC20. It plays a role as an opt-in token for the jurisdiction of Pangea. The tokens are used to incentivize the platform’s users. Bitnation has also built an Oracle that is definitely decentralized.
Team of Bitnation
The Bitnation team consists of the founders, the board of advisors, and some other experts of various fields. Rick Falkvinge is one of the respective advisors that work for the project. He is known to be one of the founders of Swedish Pirate Party. With the party, he has spread so many groundbreaking ideas throughout the world. Another prominent advisor is Vinay Gupta, a blockchain and ICO enthusiasts who already managed numerous blockchain projects. His expertise is in project strategy and communication. In addition to the experienced advisors, the project team is also full of multitalented and passionate team members. The CEO, Susanne Tempelhof, is a business expert who has contributed a lot of government’s strategic communication. Other members include some marketing experts, legal experts, software development experts, AI developers, and token sale structure experts. They all have worked together to go through a number of major milestones.
Actually, Bitnation has been founded since 2014. It took almost a year until Pangea was iterated in the second quarter of 2015. In the iteration, Horizon chain was used. The team also conducted blockchain land title and certificate followed by working on Citizen and Embassy functionalities. At the end of 2015, the team created public notary assisted by Estonia’s e-Residency. During 2016, the team focused on the launches of Pangea v.02 on Ethereum and SSB. In the first half of 2017, IPFS, NETEXPLO, and PAT token were designed. Until now, there have been some features developed by Bitnation such as Oracle, TSE, and Lucy Bot. In the future, Bitnation will develop more features that will benefit all parties involved in the ecosystem.
ICO Token Sale
Bitnation released PAT as its utility token. The sale of the PAT tokens has already started on 25 March 2018. The closing date will be on 24 April 2018. So, the duration of the sale will be a month. There is bonus available for this sale period. If you want to hold PAT tokens, you can participate in the sale. The minimum investment is 20 ETH or if you use Bitcoin, this amount is equal to 1 BTC. The price of 1 PAT token is 0, 0021 USD. This is actually the second phase of PAT token sale. Previously in December last year, the first phase of ICO sale was conducted. The first phase successfully sold 10% of PAT tokens. In case after the second phase of ICO sale there are still remaining PAT tokens unsold, they will be sold in the following year via exchanges.
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