NAUTICUS: A Global Solution for Ecommerce and Banking

Check the coin market cap, you will notice cryptocurrencies are being added on a daily basis. ICOS are being conducted every day. As at today, there are over 1500 cryptocurrencies in the market. Few are useful, many are not.
I’m presenting to you a new cryptocurrency that has a real use case right immediately after ICO completion. It has been designed to present solutions to the problems experienced globally in ecommerce and banking industry. I present to you NAUTICUS.

What is Nauticus

Nauticus uses the power of blockchain technology to provide an efficient, secure and a user-friendly crypto trading, and ecommerce solutions. This is powered by the Nauticus Coin.
There is a high demand for cryptocurrencies now and the rate at which users sign up on crypto exchanges is alarming. News had it in January, 2018 that cryptocurrency exchanges like Binance and Bittrex get sign up request of over 100,000 users which led to some exchanges shutting down fresh sign ups.

Problem with Existing Cryptocurrency Exchanges.

Complex interface

Some of these exchanges are not designed for newbies as they have a complex interface which poses as a great barrier for easy understanding of how it works.

No fiat

Some does not have fiat option for crypto purchases. For one to get his favorite altcoin, one needs to send BTC or ETH from one exchange to another to make the trade. This process results in high transaction charges or fees.

High fees

Most of this exchanges charge high commission on trades. Some charge as high as 0.2% of trades which is a lot if you know how much trades is going on at a time.

The Nauticus solution

Nauticus offers a solution to the existing problem by offering small fees across trades. The exchange is designed to cater for all your crypto needs as it will be offering 300 cryptocurrencies with 16 fiat options which makes it possible to trade in your local currency. The exchange also offer option for users to send and receive money internationally as seen with PayPal & Western Union, with a much lower fees anyways and live market rates.

Nauticus coin as a cryptocurrency can be used on the Nauticus platform. This features and use cases will help push and sustain the value of Nauticus coin in the market.

Nauticus Crypto and Fiat Exchange

The Nauticus exchange is at the developmental stage and will be launched in August 2018, right after the token sale. ICO backers who registered on the platform were given 100 Nauticus coin which can be traded with other 100 cryptocurrencies which includes ETH, BTC & ripple. This number is expected to grow to 300 within the first 12 months of launch. Seven fiat option such as EUR, USD, JPY, AUD, CNY, and ZAR will also be added at launch and will be up to 16 within 12 months.

Why Nauticus Exchange

There are over 100 cryptocurrency exchanges in the market with good and not so good features. Aside the 16 fiat option which has never been done by any exchanges and I think it’s an amazing option, here are other reasons why you should choose Nauticus exchange. All the features and options will help to boost the value of Nauticus coin which is a major part of the Nauticus ecosystem.

Discounted Fees Strategy

50% reduction in trading fees is given to users who trades Nauticus coin. This will help shoot up the price of the coin as experienced with Binance coin and kucoin shares.

Security and Nauticus Wallet

The exchange has the state of the art security measures which includes 2FA combined with biometric authentication using smartphone fingerprint sensors, face and voice recognition. Close to 95% of the user funds will be stored offline to protect against loss of funds.

Smart Interface

Nauticus will provide an easy to use trading interface for newbies to trade cryptocurrencies. There will also be options for advance views which has all the technical indicators embedded with very interactive charts. Trading bots can also be connected for automatic trading.
The support system promises to be super active to meet your daily assistance.

Token

Nauticus coin (NTS) is at the center of the Nauticus business and banking solutions which serves as a secure medium of exchange between users. The NTS is Ethereum blockchain (ERC 20) based but there are plans to move to a more efficient and scalable blockchain. A token swap will occur at this point.

ICO details

Token symbol: NTS
Total tokens: 2.5 billion tokens
ICO supply (private & public): 2 billion tokens
Soft cap: $8 million
Hard cap: $88 million
Price/Conversion rate: 1 NTC = 0.00001 BTC
Projected crowd sale date: March 31st to July 18th.

Future plans

The team is not going to rest on their oars. They will ensure the continuous development of the platform and fund generated during ICO and exchange functions will be further used to develop the platform and channel to other projects which will also boost the market cap of Nauticus platform. Such plans include; Ecommerce.

Ecommerce is a major area Nauticus is looking to make a difference as they envisage a future where disruptive blockchain technology will see major players in the ecommerce industry like Amazon and eBay change their business model.

How?

Nauticus Marketplace

Using blockchain technology, the give what Amazon or eBay gives and with lower fees.

Merchant Payments Platform

Nauticus will offer users and easy to use low cost solution for any size of businesses allowing merchants to accept payment of their choice either fiat or crypto. This makes the means of payment flexible and the fees are ultra-low. A Nauticus merchant account will be needed for this.

Retailers Can Accept Any Currency

Retailers on the platform can accept either fiat or cryptocurrencies at any point using the Nauticus mobile app.

Team

The team is led by Bryan NG who is the CEO of First Accountants. He is a licensed tax agent and a member of CPA Australia.

Conclusion

There are lots of project that offers similar blockchain solutions to ecommerce and banking but Nauticus stand out as they have set out time frame to achieve certain milestones which gives investors what to expect at a point in time.
To me, going by the bullish movement of Exchange coin last year, Nauticus coin can walk a similar path in 2018 as the coin becomes useful right after ICO. There is a daily use for the coin on the Nauticus exchange and with the ecommerce platform launching in 2020, this token is going to be useful for a long time and its value will continue to rise.

Learn more by clicking these links

Website: https://www.nauticus.io
Whitepaper: https://cdn.nauticus.io/NauticusWhitepaperOfficial.pdf