Tuesday, March 20, 2018

Bitnation(PTA)-The Magnificent Way of Resolve Dispute in Free Market Arbitration


Have you known a way of resolve free market arbitration dispute? This is about it. Bitnation is a virtual world where people can become citizens online and choose their country. A new country can be created by everyone, can have its own law and have all kinds of decision-making systems. A person can choose to be governed by the laws of more than one country if he wishes and if he does not like the available options he can create his own country. These countries are voluntary nations without decentralized borders (DBVN). BitNation is an aspiring project that purposes to generate a platform that delivers the chance to create new endless authorities where people can system virtual nations and other types of societies based on common interests, performances and ideas. The platform is also intended to provide the opportunity to create smart peer contracts and dispute resolution mechanisms. The general vision of BitNation is for a world of post-national states where people voluntarily join online nations, city states and autonomous communities. The project started in 2014 and the next phase of its development is the creation of the Pangea Arbitration Token (PAT). The Pangea system will enable a free global market for authority services. The Pangea system has sellable PAT token and the unchanging reputational tokens that can only be Submitted. Citizens have access to the network via a smartphone chat application. PAT tokens are obtained when citizens join the network, while reputational tokens are calculated by an autonomous agent to ensure that human lesions are eliminated. BitNation itself is the demonstration of the concept of decentralized nation without borders, while Pangea is the blockchain network that allows for forces for these nations.
The Concept
The Pangea network is based on the concept of DBVN: Voluntary nations without decentralized borders. This is an extension of the concept of decentralized autonomous organization or DAO, but it extends the concept to the level of legal jurisdictions. Everyone can make a DBVN in the Pangea network and everyone can voluntarily participate in a DBVN. The DBVN have no geographical limits and do not exclude anyone because of their ethnicity, wealth, gender or any other characteristic. BitNation as an example has the peoples, the embassies, the consulates the partners and diplomats. Citizens can willingly join BitNation and form teams or “holons”. Embassies and consulates are places to live, work and meet.Allies are entities (companies, organizations and countries) that work with BitNation and have access to BitNation resources. Ambassadors play a more active role than citizens and focus on diplomacy and community participation. While nation states use coercive measures and punitive measures to enforce rules and agreements, Pangea encourages users to collaborate with rewards in the form of reputational scores. An independent agent (named Lucy) calculates reputation scores and distributes PAT-tokens on the basis of these scores
The Road Map
BitNation was created in July 2014 and the current roadmap extends to the first quarter of 2019. Since 2015, three versions of the Pangea skill have been published, each with significant
technological changes. The smartphone app is now available for download in the Android and iOS app, although its features are currently the limited. The Pangea network already has 10,000 citizens, 200 nations and 100 registered embassies and consulates. More than 2,000 persons have now funded to the scheme in one way or another and 5,000 agreements have been legitimate on the platform. The entire network will be launched in the next 12 months. The public launch has not yet been confirmed, but at this stage it is scheduled for the end of 2018. The goal is to have 150,000 citizens registered between 12 and 18 months after the public launch.
Now Its ICO Time
Tokens that will be issued will be marked as PAT. $ 1 USD will give you 474 PAT tokens during the official sale of the crowd. During the pre-ICO, $ 1 USD can get up to 717 PAT tokens, which is a solid bonus. There are other bonuses available to incentivize the first investors. PAT tokens can be purchased during ICO with BTC and ETH. The minimum investment, however, is set at 20 ETH or 1 BTC. The maximum limit is $ 30,000,000 USD. The country of origin is Switzerland. From now on, there is no information on any blacklisted or restricted areas, which is very useful. The ICO itself is scheduled for March 25, 2018 and April 24, 2018. Obviously, if the maximum limit is increased before the official end date, the sale will end on a preliminary basis. This seems like a reliable project with a lot of merit and a team with considerable experience behind it.
The Smart Contract
An intelligent contract allows you to make a normal commercial contract digitally with more privacy and equal transparency. The price analysis of Ethereum shows that ethereum is the main component of smart contracts lately. When Bitnation starts, they plan to continue with this. The cryptocurrency that develops is called Pangea Arbitration Token, or PAT for short. Used as a token in the application, it is designed to provide a reputation test for digital citizens, including enabling smart contracts within or between other countries. While it is still in the air about what the value of this might be, you are using ethereum to help change the world in the way financial transactions occur. Basically, it allows people to act on their own and channel money to the places where it is needed without worrying about the slowdown of long-term intermediaries.
PTA Token
The jurisdiction of Pangea uses the blockchain from Ethereum as a means of development between pairs of Volunteer Nations, where fair agreements can be concluded and arbitration is possible. The Pangea back end takes the form of a mesh network that can be programmed to create a communication pod with other blockchain platforms to create and complete smart contracts. On the other hand, the Pangea interface has been developed in the form of an instinctive mobile chat application and all. Pangea is a block agnostic mesh network, built with IPFS and SSB protocols and resistant to emerging threats such as quantum cryptography. The frontend is a simple and intuitive mobile chat, designed to maximize market the adoption. The Notary Public of Bitnation Public Notary, published in collaboration with the e-Residency program in Estonia in 2015, has attracted thousands of users. With Pangea, Bitnation is taking Jurisdiction as a Service (JAAS) to a higher level by building a fully developed jurisdiction and
All. The Pangea Arbitration Token (PAT) feeds Pangea’s jurisdiction by providing incentives for contractual compliance and the dispute resolution.
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Bitcointalk Username: rathnayake
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