BITNATION offers a full range of services traditionally done by governments. We provide a cryptographically secure ID system, blockchain based dispute resolution, marriage and divorce, land registry, education, insurance, security, diplomacy, and more through a fully distributed platform.
BITNATION does not care where in the world you are from, where you live, or what passport you hold. Everyone has the right to enjoy high-end, competitive governance services.
BITNATION operates on the Blockchain - a cryptographically secured public ledger distributed amongst all of its millions of users around the world, to ensure peer-to-peer autonomy.
BITNATION is dedicated to the open source philosophy, and provides a platform for users to develop their own governance functions, or fork the code and create a brand new governance system.
STOCK DILUTION: There will be no new emissions of stock, hence current stock can never be diluted. See the shareholder contract terms and conditions for details.
FUND USAGE: All funds raised during the crowdsale of the initial 10% stock will go solely to start-up costs (see appendix for detailed start-up budget).
DISPUTE RESOLUTION: All contracts will be publicly administrated through the blockchain, and all conflicts will be arbitrated publicly.
“Only a free and dynamic market of governance services can produce the highest quality at the lowest cost, as well as constant innovation for its customers.”
OPEN SOURCE DATA: All code used will be open source code, shared on GitHub for the community to use, improve, and fork.
TRANSPARENCY: All financial documentation will be shared with the equity holders and the community of interest. All budgets are public.
ACCESS: We provide access to all the equity holders - as well as the public in general - to core team members and the community of interest.
INVEST IN THE GOVERNANCE 2.0 EVOLUTION
(All crowdsale related information is subject to change. Final crowdsale design will be confirmed by end of September.)
When and how will the pre-sale occur? XBN equity will be issued at a rate of 1000 per BTC raised during a 3 month crowdsale period, that price (1 mBTC per XBN) will ratchet up based on completion of stated development milestones.
Total XBN supply will be 5 times the amount issued during the initial crowdsale.
15% of the equity will be sold in a Series A offering within 8-12 months after the initial crowdsale, at least 5% being placed with private investors
15% will be sold in a Series B 20-30 months after the initial crowdsale, with 10% placed privately
30% retained for Founders/Employees
20% retained for Ambassadors and Advisers
How is the XBN price defined? Based on dividend yield and a multiple of aggregate cashflows. Play with our assumptions model to see XBN prices in different growth outcomes.