About 5 trillion US dollars are changed daily in the foreign exchange market. The annual volume of transactions in cryptocurrencies has grown from $100 million USD to about $30 billion USD in just one year with over 100000 new users every day. And only the increase is expected, but there are only about 170 active cryptocurrency exchange platforms to meet the needs of this growing user audience all over the world. Nowadays, the borders of countries are blurred, we are users of the global economy who cooperate with each other on the Internet. The blockchain technology is gaining popularity now, and it’s obvious that the market of cryptocurrency will continue to grow and assume the market share of the global foreign exchange volume. The use of a fully digital economy is just around the corner due to its benefits: it directly connects buyers and sellers without intermediaries which provides safe and secure transactions, carried out faster.
Nauticus is a convenient, efficient and secure solution for crypto and fiat currency exchange, payment, and e-Commerce marketplace based on the blockchain technology, which is reinforced by the Nauticus Coin.
Nauticus Crypto and Fiat Currency Exchange
Currently, the Nauticus crypto and fiat currency exchange is being developed and will be opened in the middle of 2018. At launch, it will trade in 100 cryptocurrencies. Moreover, within 12 months, the range of currencies will be expanded to 300 including Bitcoin, Ethereum, Nauticus Coin as well as many others. Nauticus will also enable exchanging of 6 fiat currencies (USD, EUR, JPY, HKD, AUD, ZAR) scheduled to expand to more than 16 ones when transaction volume allows. Despite the fact that the company offers a modern security system including multiple encryption, two factor and biometric authentication, the exchange rate and fees are as little as 0.1 percent. It is so powerful that it’s able to support a million transactions per second. The platform will also support the transfer of funds from users to a wide range of banking services, as well as the other users.
Exchange users will have access to multiple platforms, including phones, tablets, and laptops enabling global access. Nauticus also has a wallet technology which allows consumers, businesses, and governments exchange and pay easily. The simplified interface option is available as well as the sophisticated one to create robots and bots for automated trading.
The establishment of the green Nauticus blockchain mining center is planned for 2019. It will provide cheaper and faster transactions as well as generate the revenue up to $59 million annually to further expand the company operations. It will enable ultra-fast processing for users of Nauticus services. The mining center will utilize the renewable energy and highly efficient equipment that will keep costs low and support infrastructure in the developing world.
The Nauticus Marketplace
The Nauticus Marketplace is an eCommerce platform with a user-friendly mobile interface which allows you instantly pay in any currency, crypto or fiat - reinforced by the Nauticus Coin. It will be powered by the Nauticus Exchange, the secure online payments system, and wallet. Ultra-low listing and payment fees, high security and a detailed system of assessment and reporting make the platform attractive for buyers and sellers as well as businesses of all sizes, providing a wide range of goods and services.
The Nauticus Marketplace offers the reduction of fees for high volume/high-trust users. The standard fees will be no more than 3 percent while the fees for trusted users are 0.1 percent or completely offset by the Nauticus Rewards program. The platform offers a decentralized rating system based on blockchain for users, traders, and enterprises, so those with whom they trade can offer feedback to ensure trust and reliability.
Scheduled to launch in 2020 the platform will use the Know Your Customer (KYC) identification protocol. It requires sellers and buyers to confirm their reliability through layers of verification before they can list or buy goods online which helps to prevent theft, money laundering, and the terrorism financing. The system will be integrated into the Nauticus Wallet mobile application and will allow users pass the verification process once, and then manage the release of this information to the organizations that require it. Thus, the users won’t need to go through the endless sign-up and verification processes and the risk of identity theft arising from having many different copies of the personal and sensitive information stored in disparate locations.
ICO
Nauticus ICO is available from March 31, 2018 to April 30. The price of the Nauticus Coin is 0.00001 BTC. A maximum of 2,500,000,000 Nauticus Coins is available. Bonuses up to 30 percent are offered during the ICO period. The target of the Nauticus ICO is $68 million and it will last until the reach of the hard cap - $88 million (the soft cap is $8 million) or until the end of the ICO period. There is also a sign-up program offering 100 free coins and a referral program proposed to users.
A Brief Summary
Nauticus provides highly convenient, efficient and sustainable global banking services, e-commerce and security solutions based on innovative blockchain technology. These solutions are aimed at everyday users, enterprises of all sizes, as well as local, state and federal governments.
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P.S The author is not an expert in the field of blockchain technology and smart contracts and does not call for investing in any companies and projects. In making any financial decisions readers should always must rely on their own experience and understand all possible risks!