Last week, Bitnation’s XPAT token was listed on the Bancor Network – an open-source exchange protocol using interconnected “Smart Tokens” to form a decentralized liquidity network for ERC20 tokens.
Throughout its first 3 days on Bancor Network, XPAT spent most of its time near the top of the 24 hour volume sorting and has exceeded $200 000 24 hour volume on at least two occasions.
XPAT’s listing is the first step towards establishing widespread distribution and substantial trading volume of the XPAT token.
Another news comes from Bitnation’s subproject Pangea, with the new version 0.4.5 of its app recently released. The software update features several major improvements including a new user interface, integration of $XPAT to the wallet, the ability to setup multiple accounts, an entire backend refactoring, as well as bug fixes. This is the last release before the launch of version 0.5 in early July which will enable its users to write smart contracts directly in chat conversations.
With the June 8 release of Bitnation’s Pangea app v0.4.5 there are a couple of important things that XPAT holders and Pangea users should know about. One is that the release will have XPAT compatibility. The other is that this release will not be backwards compatible with private keys created using prior releases of the Pangea app due to an overhaul in how the app handles private keys.
Further details on old wallet recovery may be found here.
In the coming weeks two key initiatives will be also announced: an XPAT token airdrop to pre-ICO citizens and a swap of XBNX tokens for XPAT.
Launched back in July 2014 by Susanne Tarkowski-Tempelhof, Bitnation is a Decentralised Borderless Voluntary Nation (DBVN) that hosted the world’s first blockchain marriage, birth certificate, refugee emergency ID, World Citizenship, DBVN Constitution and more. The website proof-of-concept, including the blockchain ID and Public Notary, is used by tens of thousands of Bitnation Citizens and Embassies around the world.
On April 25, Bitnation’s subproject Pangea has closed the first ICO round while raising about $ 2 500 000. Pangea Jurisdiction is a smartphone chat-based polylegal jurisdiction platform that is incorporated into a mesh network which can write smart contracts to any integrated blockchain. The founders of Bitnation and Pangea aim at rising $ 30 000 000 in total. Their ambition is to eventually create a global network of blockchain-based democratic governments competing for the citizens worldwide.