Introduction
The shipping industry is one of the biggest in the world as it controls about 90% of global trade. This is expected as water transportation is notably the feasible and optimal way of transporting bulky goods. This has made the shipping industry the most critical in terms of international trade. The potential of this industry cannot be overemphasized. However, this sector is faced with a lot of challenges such as fraud, lack of trust, too many middlemen at alarming fees, stringent regulations resulting in delays, too much paper works and so on. Furthermore, the advent of technology has made it imperative to alter the traditional way of shipping to bring it in tandem with our time and eliminate the aforementioned inherent challenges. This is what BitNautic is set to achieve.
What is BitNautic?
BitNautic is a decentralized platform for the shipping industry. It is a market place that brings together all the players in the shipping business. In other words, BitNautic is to the shipping industry, what Ubar is to the Cab industry. It is designed to serve as a single interface to meet all the needs of the various arms of the shipping industry: From charterers, regulators, importers/exporters, producers, end-users to crew and manpower supply-BitNautic enables all to trade their commodities efficiently. Through this platform, the bottlenecks of the conventional shipping process will be eliminated.
Built on the Blockchain technology, BitNautic has many unique features such as artificial intelligence ordering system, real-time ship tracking, e-commerce platforms, exclusive offers and discounts.
The Problems of the Shipping Industry
The shipping industry is faced with a lot of problems ranging from security threats in the form of hacking, poor tracking, environmental regulations to labor dispute. Furthermore, there is also problem of lack of transparency, wrong deliveries, theft, delays most of which are deliberate, outdated system with associated errors and cumbersome paper works. The list is endless and the consequence not good for such an industry that occupy a significant position in global trade.
The BitNautic Solution
To curb the myriads of problems bedeviling the shipping industry, BitNautic have presented a unique platform that addresses all the challenges in this regard. This platform is built on the blockchain technology. Here all transactions are transparent as all parties who have the required access can monitor their transactions. This addresses the problem of trust and poor tracking.
In addition, BitNautic developed a Global Shipping Currency (BitNautic coins, BNTC) so that payments can be made with just one currency. The beauty of this is that it will save customers the stress of sourcing for forex amid government and financial institution regulations and ensure stability of the whole industry. However, there is also provision for multicurrency acceptance within this platform. This is a step further that shows the flexibility of what we have at hand. Finally, BitNautic platform offers very low transaction cost that will boost acceptance and customer satisfaction.
Features of the BitNautic Platform
Some of the features of the BitNautic platform are explained below:
Transport System: BitNautic will be to the shipping industry what Uber is to the cab industry. BitNautic will have a fleet of ships that will be listed by the ship owners, the ships will meet some predefined conditions to be accepted. In this way charterers only need to place orders and delivery will be done. In addition, BitNautic will also buy some ships using part of the proceeds from the token sale, and these ships will also be added to the fleet.
Booking System: All orders will be book online in a specially designed platform. Producers, importers, ship owners, manpower supply companies and indeed all players in the shipping business will make their position and interest know and this will be stored in the platform. At any point in time, a user will have the option of choosing the best offer across the supply chain. The diagram below shows a user case of the booking system.
Tracking System: BitNautic is design in such a way that users can see the position and status of their consignment at any point in time. This tracking be done using the web version or BitNautic mobile App.
BitNautic Token Supply and Distribution
The total supply is 50,000,000 BNTN. The token will be distributed as shown below:
Bitnautic Token Sale
70% of the total supply which represents 35 million BNTN will be offered for sale. Below is the details:
Token Price: 1 ETH = 500 BTNT
Minimum Transaction: 0.05 ETH
Soft cap: 5,000 ETH
Hard cap: 25,000 ETH
Pre ICO Starts: Apr 15, 2018
Pre ICO Ends: May 15, 2018
Main ICO Starts: May 16, 2018
Main ICO Ends: Jul 15, 2018
During the first week of token sale, the bonus will be 20% and this will decrease by 5% weekly as the sale proceeds.
Funds Distribution
The fund raised from the token sales will be used for ships purchase, marketing, research and development, exchange integration, admin operation and legal fees. Below is the pictorial representation of the percentage allocation to each of the things itemized:
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Road Map
Team
Advisors
For more information, use the following links:
https://bitnautic.io
https://www.facebook.com/bitnautic
https://twitter.com/BitNautic
My details:
Bitcointalk username: nattykio
Bitcointalk profile like: https://bitcointalk.org/index.php?action=profile;u=1617655
Wallet Address: 0x90cF66683D79821934A42a9C1e632F2518b6A3bB
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