Nation3 is building a Web3-powered, tax-free, solarpunk cloud nation, with a view of obtaining physical territories further down the line. Historically, traditional nation states have had a monopoly over the services they provide. Nation3's vision is to unbundle that and gradually build or invest in products and services that allow citizens to be actively involved in economic activity and have a high quality of life, while living harmoniously with nature. $NATION serves as the entry point to the Nation3 ecosystem and is required to be locked in order to: get a passport, gain governance power and the ability to participate in decision-making, enter into collateral agreements, and use the court and more.