BitNautic logo

BitNautic

BTNT
Pre-ICO Start: 5/1/18 Pre-ICO End: 5/31/18

BMJ Score: 3.9

Market

Transparency

Team

Token

Adoption

Quick Summary

23 Investors read this
This startup is jumping into shipping “logistics” but where have we heard that term before? Right, from UPS, IBM, and Samsung. Can you say, “Mighty rivals?”

Commentary

Based on the Ethereum Blockchain, BitNautic is a decentralized platform for matching demand and supply among ship owners, charterers, brokers, importers, and exporters. BitNautic is coming to the market with an AI-based booking system, real-time ship and cargo tracking, and a wholesale e-commerce platform. However, this is a small player going up against the 800-pound gorillas (not that we have anything against gorillas.)

Investment Information:

  • How to invest: Contributors can participate in the BitNautic pre-ICO by registering at the BitNautic ICO website or with its ICO partner, Citowise Wallet.
  • Discount: 30% bonus throughout pre-sale.
  • Eligibility: Specific restrictions or minimum investment amounts have not been disclosed yet.

Market: 3.5

  • Shippers face major challenges – too bad for them, but good for BitNautic. Overcapacity, accountability, trust, outdated systems, human error, missing and inaccurate documents, theft, even armed robbery on the high seas – remember the Somali pirates! – all plague the shipping industry.
  • BitNautic targets the entire logistics value chain -- ship owners, charterers, brokers, importers, and exporters.
  • Never mind the big players in logistics. BitNautic could struggle because so many shipping/freight ICOs such as ShipChain have entered the market. This will force BitNautic to clearly differentiate, and we're not sure it's adequately done so
  • Ships are technically sophisticated, high-value assets and the operation of merchant ships generates an estimated annual income of more than half a trillion dollars in freight rates. Freight and cargo ships are the primary form of moving goods from one place to another and will continue to be for a long time to come. The market has legs.
  • BitNautic is based in Switzerland, a nation with regulations favorable to ICO investment opportunities.

Transparency: 4.3

  • White paper is colorful and easy to read at 35 pages long.
  • Tokens will be distributed as follows: 70% token sales, 10% reserve funds, 6% team, 5% bounty, 5% advisors, and 4% founders.
  • Funds raised will be allocated as follows: 30% partnership and acquisitions, 20% marketing and sales, 20% international expansion, 17% admin and operations, 10% R&D, and 3% legal fees.

Team: 4

  • Team as a whole lacks startup experience.
  • Chief Operating Officer Amol Bajwa graduated from Queen Mary University of London with a Business Admin degree and his primary work throughout that time was with BitNautic. He also speaks seven languages, which allows BitNautic to extend its business beyond language barriers.
  • BitNautic has a structured hierarchy in place. They have an executive team and regular team, along with an advisory board that goes 10 professionals deep.
  • Team Members

  • Gulzar Bajwa (LinkedIn)
  • Gianfranco Pierini (LinkedIn)
  • Richard Zoni (LinkedIn)
  • Anmol Bajwa (LinkedIn)

Token Mechanics: 4.2

  • Public beta is expected to launch in Q3 of 2018.
  • BTNT has many use cases. It can: 1) be used across any number of jurisdictions, retaining a single uniform method of settlement; 2) perform settlements automatically and irrefutably within smart contracts; and 3) it makes it possible to manage incentives across the platform ecosystem.
  • BTNT tokens are meant to facilitate efficient transactions of a wide range of services on BitNautic platform, while also operating as a medium of exchange and a store of value that could become more valuable with the growing use of the platform.
  • BitNautic is a fully decentralized platform.
  • Total supply of 50 million tokens. No new tokens will ever be created.

User Adoption: 3.7

  • The BitNautic platform is more complex than it seems at first glance, but BitNautic does an excellent job explaining its value in its whitepaper.
  • Partnered with IBM. Impressive! At least one gorilla will be in its corner (not that we have anything against real gorillas).
  • A LOT of buzz is surrounding BitNautic. Buzzsumo shows they have at least 10 articles with high engagement.

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