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The Pangea Software – a Decentralized Opt-In Jurisdiction

The Pangea Software is a Decentralized Opt-In Jurisdiction where Citizens can conduct peer-to-peer arbitration and create Nations. Pangea uses the Panthalassa mesh, which is built using Secure Scuttlebutt (SSB) and Interplanetary File System (IPFS) protocols. This enables Pangea to be highly resilient and secure, conferring resistance to emergent threats such as highperformance quantum cryptography. Pangea is blockchain agnostic, but uses the Ethereum blockchain for the time being. In the future, other chains such as Bitcoin, EOS and Tezos can be integrated with Pangea.
The Pangea Arbitration Token (PAT) is an ERC20 compatible in-app token for the Pangea Jurisdiction. The PAT token 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. PAT is an algorithmic reputation token; an arbitration currency based on performance, rather than purchasing power, popularity, or attention.
The distribution mechanism for PAT tokens on Pangea is an autonomous agent, Lucy, which will initially launch on Ethereum as a smart contract. This mechanism is blockchain agnostic and can be ported to any viable smart contract platform. An oracle created by Bitnation will help to facilitate this (semi) autonomous distribution mechanism in a decentralized and secure fashion.

Structure and Decision Making

PAT holders do not have voting rights, in order to avoid the tyranny of the majority problem39. Instead, Bitnation is governed by the principles of liquid holacracy. This encourages participants to form holons and execute their own ideas without requiring the consent of any other parties (such as other Citizens, Bitnation Core Contributors, or other entities).

DBVNs can be formed directly on Pangea and will stand or fall based upon their ability to attract Citizens or members40. Since Pangea is open source software, a group of individuals who disagree with the fundamental functions or direction of Bitnation, Pangea or PAT have the ability to fork the code and create a version which suits them better. The original Bitnation DBVN contract was developed in 2016 by Alex Van de Sande together with Susanne Tarkowski Tempelhof in Rio de Janeiro, Brazil, based on an existing MIST wallet DAO contract.

Pangea Arbitration Token (PAT): Master Token Mechanism

PAT master tokens are tradable in-app tokens distributed through an Ethereum smart contract. They do not confer voting rights to holders. 34% of PAT master tokens are released on Pangea as rewards for Citizens who build up POA reputation. This portion will be used as a tradable token to reward the accumulation of individual and group reputation. Nevertheless, master token holdings are not indicative of reputation themselves and reputation cannot be traded on the platform. This portion of PAT master tokens also collects revenues generated by Pangea through small transaction fees on arbitration charges and contract timestamping on blockchains. Among other tokens, PAT can be used to pay for governance services on Pangea.

A seperate 34% of PAT master tokens will be sold to external stakeholders through a two stage Token Sale Event (TSE) to generate resources for the construction of Pangea and to empower a broad stakeholder community which drives user adoption. The remaining 32% of PAT master tokens are reserved to reward Bitnation founders, contributors, advisors and current Bitnation Citizens and early Pangea adopters for developing, improving and maintaining the system (18% pre-allocated33 and 14% reserved as options and bounties for future contributors).

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