Bitnation Pangea wants to be the world’s first blockchain powered Virtual Nation, able to provide all services that traditional governments provide and replace the nation state system with a voluntary form of governance. Bitnation’s ultimate aim is to create a new world where everyone can choose the nation they prefer, several nations, or none at all, and even create their own nation on the Bitnation platform. With Bitnation Pangea, users can create and execute peer-to-peer agreements seamlessly across the world. A Blockchain agnostic smart contract functionality powers the Pangea Jurisdiction, currently implemented with Ethereum.
The Pangea Arbitration Token (XPAT) is an Ethereum-based token that rewards good reputation and is issued on Pangea when Citizens accumulate non-tradable reputation tokens through creating a contract, successfully completing a contract or resolving a dispute attached to a contract.
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