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BITNAUTIC - SHIPPING, THE WAY IT SHOULD BE



BitNautic is a new cargo and shipping platform that is based on decentralized blockchain technology.
BitNautic aims to provide a decentralized platform where all stakeholders in the shipping industry – importers, exporters, carriers, and ship owners, can meet and negotiate on their own terms. BitNautic accomplishes this through its token, which serves as a source of exchange for maritime transactions.
Thereby, bypassing the long process associated with the involvement of multiple parties.
Bitnautic is a platform that focuses on providing and developing freight and cargo services, using Blockchain technology as the basis for its development. Bitnautic provides a service that users can use to deliver goods easily, safer and smarter. Bitnautic provides an access to shipping and cargo services for the wider community better and smarter.

PROBLEMS OF THE SHIPPING INDUSTRY
The major challenges faced by shippers and shipping companies in the shipping industry.
  • Security threats. In the past decade, there have been so many incidents of piracy off the coast of Somalia and other African countries. There is a growing concern for the maritime industry over these incidents. Ship owners now equip their ships with private security services. There’s also an increase in the rate of cyber attacks in fully automated ships.
  • Lack of Transparency. There are huge gaps in transparency in the maritime industry due to mishandling of data and bad tracking of goods and services. Although tracking issues are inherent in the moving of goods and services, fragmentation and anonymity have worsened the state of transparency in the shipping industry.
  • Difficulty in getting the best rates. This problem directly involves shippers. Looking for the best shipping rate is time-consuming, especially when you are not equipped with the right tools for making inquiries.
SOLUTIONS PROVIDED BY BITNAUTIC
BitNautic facilitates an open market and freetrade, increased international cooperation, government support, public-private partnerships within the industry, knowledge sharing and bridging a gap between the regulators and shipping industry. Because of BitNautic, all concerned parties such as transporters, shippers, cargo owners, and agents will come on the same page and negotiate their own terms. Therefore, it will avoid the long chains that will arise due to multiple parties involvement. All these things happen because of the power of blockchain and also the virtue of the E-commerce platform which make it possible that imported or exported goods can be traded along with the local goods available. The platform will also provide special features including QR code, GPS based suggestions, deals and discount alerts.

FEATURES OF BITNAUTIC

However, with BitNautic, both shippers and ship owners can experience better service and transparency via the following ways;
  • Easy to Use Platform. At the click of a button, shoppers can have access to information such as cargo origin, ships date, and destination, and they receive instant offers directly from carriers. With BitNautic, ship owners can access information about their ship’s location, and receive leads on matching cargoes for their ship.
  • Increased Transparency. Assets and contracts in public data are stored in Blockchain, and accessible to all concerned parties provided they gave certain privileges. Furthermore, the history of each transaction is permanently stored on the blockchain. This helps to avoid any mistake and ensures honesty between concerned parties.
  • Multi-Currency. Foreign exchange can create unnecessary expenses in the shipping industry. Shippers can make deposits that get credited towards their balance before the cargo is loaded. What’s more?; concerned parties can pay for the freighter, sales, and services with BitNautic Token or cryptocurrency – which is a novel approach to solving the issue of foreign exchange.

The ICO — Initial Coin Offering

The token supply will be 50,000,000 while BitNautic will furnish 35 million BTNT to raise 25,000 ETH in its ICO. The ICO will end after the deadline or if the goal is reached earlier. But if the soft goal is not reached, then the funds would be refunded to the investors.

The ICO phase 2 will start on july 11, 2018 and it will last until September 15, 2018.

TOKEN AND ICO DETAILS
  • Token Symbol: BTNT
  • Token Type: ERC20
  • Total Token Supply: 50,000,000 BTNT
  • Initial Distribution: 35,000,000 BTNT
  • Accepted Currency: ETH
  • Exchange Rate: 1 ETH = 500 BTNT
  • Soft Cap: 5,000 ETH
  • Hard Cap: 50,000 ETH
  • Pre-ICO Starts: May 1, 2018
  • Pre-ICO Ends: May 31, 2018
  • ICO Phase 1 Starts: June 1, 2018
  • ICO Phase 1 Ends: July 4, 2018
  • ICO Phase 2 Starts: July 11, 2018
  • ICO Phase 2 Ends: September 15, 2018

DISTRIBUTION OF ISSUED TOKENS


ROAD MAP


TEAM


ADVISORS


For more information, please visit the links below;
Website: https://bitnautic.io/
Whitepaper: https://bitnautic.io/storage/Whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2897114
Telegram: https://t.me/bitnautic_group
Facebook: https://www.facebook.com/bitnautic/
Twitter: https://twitter.com/BitNautic
Reddit: https://www.reddit.com/user/bitnautic/
Linkedin: https://www.linkedin.com/company/bitnautic-official/
Medium: https://medium.com/@bitnautic
Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409

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