What is Bitnautic and the concept behind it?
Added: (Wed Feb 07 2018)
Pressbox (Press Release) -
Introduction of Bitnautic
BitNautic is a trading platform for commodities where importers, exporters, and producers of goods are allowed to trade their products. A genuinely base paramount platform, BitNautic aims to help investors around the world to facilitate their ventures and ease the trading practices with all continents. It is a global and decentralized trading platform that not only provides concerning services but also makes earning and spending of cryptocurrency easier and tranquil for all. BitNautic introduces the digital currency (BitNautic Token or BTNT) and deploys blockchain technology to support easier transactions. BitNautic can thus be used for facile an earning, spending and anchoring businesses.
It is what actually Uber is the Cab industry and the business model and also simple and transparent. Bitnautic is all set to provide a better fortune and golden opportunities to the customers, traders, brokers/agents, ship owners and etc. It works as a marketplace for goods and commodities, where importers, exporters, end-consumers, and producers of goods will be able to trade their products and ease their trading practices all over the globe.
Bitnautic provides services and transportation which is internally boosted by decentralization technology blockchain. The possibility of blockchain within this platform makes it safe to hacks, frauds or viruses making it totally transparent and secure. There exist no middleman restrictions, rather all transactions are on distributed ledger without the involvement of any central authorities.
Concept of Bitnautic
Shipment trading was never too easy where the whole shipping community is on the same platform and it becomes even easier with the concept of global cash where the user can convert their fiat money to the Bitnautic coins (BNTC) that will be available for use anywhere. BitNautic comes with distinctive features like real-time tracking, E-commerce platform, special deals and exclusive discounts that are compelling. In the first phase, the West African countries in which BitNautic aims to start its operations are Benin, Togo, Burkina Faso and later in Nigeria as well as, Ghana and Ivory Coast, with further expansions to a global level once it is fully operational.
Bitnautic is for everyone, beginning from end-consumers to the ship owners, manufactures to the traders, importers to exporters. WTO’s world trade report, a drop in the barriers within the international trade could grow worldwide GDP by almost 5 percent and total trade volume by 16 percent.
Bitnautic is established to encourage an open market and free trade, increased international cooperation, public-private partnerships within the industry, knowledge sharing, and bridging the gaps between government regulators and the shipping industry.
Increasing the trading network in a new way BitNautic is set to help investors around the world to help their ventures and ease the trading practices. As it is widely known, Africa is going to be the next emerging economy and countries like Nigeria, Ghana, Ivory Coast, Angola, and Senegal are swiftly showing positive and promising results, in the first phase of the launch Bitnautic would cover the West African and South Asian markets. The countries in which BitNautic aims to start its phase one operations are Benin, Togo, Burkina Faso with planned expansion to other West African countries such as Nigeria, Ghana, and Ivory Coast etc. with further expansions expected to cover a global level once it is fully operational. Bitnautic starts its operations from London (U.K., Europe), Mumbai (India, South Asia) and Togo (West Africa).
Bitnautic with Blockchain
BitNautic describes the concept of blockchain technology towards shipping and trading of commodities, as it has proved to be fast, effective and secure. By quality of blockchain, we will be able to implement a system that is secure to utilize, fast for earning cash back, and sufficiently liquid to use whenever it is needed.
BitNautic works on an open-source peer-to-peer platform which is completely decentralized and all the services regarding trading, shipping, and other facilities take place together on the network. We offer a system with the concept of ‘global cash’ so the coins you have earned can be converted into your local fiat money and will be available for use anywhere. The ICO token BTNT provided over BitNautic is an automatic platform which will act as a marketplace and a medium in order to help you to access the commodities trading opportunities in West Africa. Funds raised via pre-ICO and ICO will mainly be used for the research and development of the platform, in-house trading business and to purchase ships to be used for the transportations of goods in containers as well as bulk products such as agricultural goods (sugar, corn, rice etc.), minerals, and construction materials. With BitNautic we will be able to ensure faster transactions that will, in turn, draw consumer retention.