What is Bitnation?
People all over the worlds are bounded by the rules and regulations of the nations and states in which they live in. They are becoming slaves to the government, as they are dependent on the government for their basic needs. At many places, people are not even given any importance and are forced to live according to the system such as economic migrants and stateless refugees. Bitnation has come to answer all these problems and to make people free from these problems.
Founded in 2014, Bitnation is a global marketplace for governance. It is a fully functional Decentralised Autonomous Organisation (DAO) which can be joined by any individual. It also offers public notary service that helps individual to safely secure their legal documents such as land titles, wills, company registrations etc with the help of blockchain technology.
Developed by Bitnation, Pangea is a decentralized jurisdiction platform which is available for both iOS and Android users. It’s an amazing platform that was built after doing more than 3 years of research, testing, design, and development. It also possesses codes of more than 100,000+ lines. Through Pangea, anyone can create and become a citizen of a DBVN (Decentralized Borderless Voluntary Nation).
How Does Bitnation Work?
Bitnation ecosystem involves mainly four parties in its working. These are World Citizen, Ally, Embassies & Consulates and Ambassador. They all work simultaneously in the Bitnation ecosystem.
- World Citizen – It is the first step to enter in the Bitnation DAO. Anyone can become a World Citizen on the Bitnation platform.
- Ally – Once you get partnered with Bitnation, you get a green signal to all the terms and conditions, chats and the newsroom of the Bitnation ecosystem. Users are allowed to post directly to the feeds of Bitnation on Facebook and Twitter. People who have a plan to radically disrupt the world are forced to become an ally.
- Embassies and Consulates – These refer to the physical locations like a coffee shop, an office space, home etc. These are the places where the members of the Bitnation can interact. Embassies refer to the place where the member lives and work, whereas a consultant is a place where the members organize a meeting such as a shared office space.
- Ambassador: Ambassadors are basically special trained persons who are present in the DAO of Bitnation. There are mainly three types of Ambassadors which include Diplomatic Ambassadors (DA), Diplomatic Consuls (DC), and Goodwill Ambassadors (GA). At first, when the Bitnation came into existence there was only an exclusive group of users which were known as Ambassadors. But, as the organization improved and has moved to DAO structure, then the ambassadors are also categorized into three heads.
Pros of Bitnation
- Pangea allows the user to create a nation in which they can choose their own laws and decision-making rules. Users can also create their own government and write the constitution which they want to offer to the people.
- It allows people to join any nation as per their needs.
- People in the nation are not divided on the basis of ethnicity, state etc. Only the people with the same mind and nature are present in the nation.
- With the help of Ethereum smart contract mechanism, disputes are settled and contracts are completed in a simple and easy manner.
- Documents like wills, land titles etc. are stored in a public notary service present on the Blockchain. This is a tamper-proof way to secure one’s documents.
- All major currencies like USD, EUR and GBP are supported on this platform.
- This platform provides free shipping worldwide.
- It has the wallet for both Android and iOS users.
Cons of Bitnation
- Bitnation has no debit card of its own and offers a card via Wirex platform.
- Customer service is not supportive which fails to answer user’s questions.
- The verification process is time-consuming.
- There are no services for US customers.
Bitnation works on a unique concept and it is completely blockchain based platform. The platform can be joined by anyone who wants to become the world citizen. Now, it has already gained thousands of customers worldwide. It is perfect for those who want to become a part of world’s population and enjoy the benefit of Bitnation citizenship. Thus, looking at all the benefits provided by the platform, it will be right to say that Bitnation’s future is bright and profitable even for ordinary users.