BMJ Score: 3.9
Quick Summary85 crypto investors read this
CommentaryBased 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.)
- 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.
- 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 Overcapacity, accountability, trust, outdated systems, human error, missing and inaccurate documents, theft, even armed robbery on the high seas – remember the Somali pirates!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.
- 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 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.
- Gulzar Bajwa (LinkedIn)
- Gianfranco Pierini (LinkedIn)
- Richard Zoni (LinkedIn)
- Anmol Bajwa (LinkedIn)
- 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.
- 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.