BitNautic ICO and Token Sale Review

Bitnautic is a Swiss based ICO which hopes to make waves in the global cargo transport industry. By introducing smart contracts and blockchain technology, they hope to bring together all of the stakeholders in the global shipping industry to mutual gain of all parties.

About the Project

By facilitating direct contact between customers, ship owners and customs agents, Bitnautic forms a medium for swift and convenient nautical transport for those in need. This will be especially of benefit to those who require shipping through developing countries where transport may otherwise be very challenging.

The currency of this platform will be BTNT. This will be used to purchase all of the services within the platform. This further helps to facilitate smooth and secure payment using smart contracts.

In future, the company also plans to develop an entire commerce platform which will serve to further grow the market and it’s potential. The CEO and founder of the company is well respected, having a vast network of contacts within the industry. The project itself has already attracted a social media following of over 20,000.

Overall, Bitnautic will assist all parties in the shipping process, that is ship owners, customers and customs agents to all maximize their productivity within the process.

The ICO

Pre-ICO for this project beings on April 15^th and runs for one month, ending on May 15^th. Following this, the main sale beings on May 16^th and ends on July 15^th. All unsold tokens will be burned and no future tokens will ever be created.

The main bulk of the funds raised during the ICO will go toward ship purchase (30%), marketing and sales (30%) and R&D (20%). The project will have a hardcap of 50,000ETH with 1ETH being the equivalent of 500BTNT.

70% of the tokens will be available during the crowd sale with 10% being held in reserve, 5% allocated to bounties and the rest being distributed to team members and company partners.

Residents of USA and China will be unable to participate in this ICO.

The Token

The token will be known as BTNT and is an ERC20 token. There will be a maximum total supply of 50,000,000BTNT in circulation after conclusion of the ICO and the minimum investment stands at 0.05ETH.