A lot of people are wondering, what is the purpose of Bitnation, anyway? Sure, it wants to create a borderless world where nations can be connected to each other and people no longer live in boxes of limitations. But is it the only purpose, creating a digital ideal nation? Or it is more about the economy reason: empowering the free market so prices can be low and there won’t be an ultimate ruler that controls everything?
If you want to take a closer look at the concept, it is actually based on the current situation we have now. We live in the modern era where technology has connected us. When compared to the old days where everything was clearly separated, the line is getting thinner now.
If people are now connected to one another easily, why not trying to bring it to the higher level? Why not implementing the best innovation for life together and set up a digital world where people can interact and communicate, and solve issues amongst them? In the end, Bitnation would be a decentralized platform for interaction.
Take a look at the platform’s purpose and functionality, and you will see such thing as arbitrary resolution or peer-to-peer agreement. Let’s say that you make an agreement with individual A and B over land matter, you can do it by yourself. Blockchain technology and smart contract are used to deliver a transparent and open platform. The smart contract will ensure secured and safe agreement or transactions, preventing the possibility of frauds, scams, or other negative intentions.
PAT Token, Reputation, and Overall System
Now, I want to say that this platform is about helping each other. The members believe that citizens are able to do fine and manage a prosperous life.
And since everyone is about helping each other, there will be a rating system. It is a kind of reputation system that is given to an individual who has helped to resolve problems or to provide a way out. The reputation will be assessed and rewarded by the system, so it is completely automatic. It is implemented that way to avoid bias and favourable opinions. The more reputation someone gets, the more rewards they will get.
Rewards are given in the form of tokens, the PAT tokens, which can be exchanged with other currencies. Aside from being used as rewards, PAT tokens are also used to fuel the platform. Any features or development or integration with other platforms will be done with the token as the major currency.
