Have you ever imagined living in the world where you can easily get connected to other people from other parts of the world? Have you ever imagined what it would be if you no longer have to worry about breaking an international law or being limited by your government’s rule? These are the concepts carried by Bitnation. The basic idea is about working together and the implementation can expand to political, social, and even financial aspect.
The Basic Functionality
If you have to sum it up, Bitnation platform is about citizens’ interaction and peer-to-peer relationship. Some of the focuses of the platform are:
Encouraging peer-to-peer transactions and agreements. With this platform you can to create the transaction with other people from other countries. You can also use this platform to create an agreement.
Improving the easiness to choose the third-party who will help with issue resolution. The parties in dispute can freely choose the arbitrator who is believed to help. The arbitrator should be the one with the skills and expertise in the related subject. In case you are the one needing an arbitrator, you can choose one. However, you can be an arbitrator too, provided that you have the skills in the related subjects.
Encouraging independent achievement without any controlling or dominating ruler. The platform focuses on each citizen’s effort to work together, helping one another. They believe when they solve the issue on their own without the government’s interaction, the result will be better. In fact, conflict can be prevented and the outcome will be more satisfying.
Encouraging the personal practice of political belief, social interaction, and also financial practice. The idea is to bring people together without being limited by boundaries, promoting the open and free market. People are also free to express their political views. People can learn more about laws, legal matters, and politics because this platform incorporates such a thing as Constitution, Law Code, and such thing alike.
Tokens and Technology
Bitnation is using the latest blockchain technology to run their service. In problem resolution, everything is written, recorded, and written. The details about the problems and the resolutions will be clear to everyone. Everyone who is able to contribute to the platform (they are able to resolve the issue or they help with dispute settlement) will be rewarded. The reward is generated by an automatic system, called AI LUCY, to avoid bias opinion or feedback. PAT tokens will be used as the main currency as well as the reward for this platform.
During this public sale, which takes place from 25th of March to 25th of April 2018, $1 is equal to 474 PAT. Investors can buy PAT token with their ETH or BTC. There would be a total 42 billion of tokens being released and sold, and more than 10% of its allocation is set for public sale.
If you believe in equality and this platform will make everything better, the concept and goal of Bitnation may suit you. Learn further about it and think thoroughly before making a decision.
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