Nauticus Exchange Ico Review - (NTS)

tommisetiyawan (-1)(1)in #nauticus • 7 years ago (edited)

What would a world without human interaction in various ways? One line does not work for everyone. You have to walk your own journey. Things that are important to you and your life. We know what they say about priorities, if the priorities are right then your life is in the right direction. The digital world has brought many surprises to the people of the world. Cryptocurrency is the least favorite among them. People call it the invention of this century because of its power to bring about fundamental changes in the workings of the current system.

The high instability of cryptomarket allows investors and traders to attract huge profits. This draws a steady flow of new "players". As a result, the number of users in the cryptocurrency exchange always increases. In addition, new cryptoassets appear regularly. Since the introduction of blockchain, their growth has become exponential. As a result of the increasing demand for trade, many crypto currency exchanges are unable to handle the increase in volume, especially at peak times. Others lose their competitiveness Due to changing market conditions.

Today we live in the 21st century! What we know now is how to spend what we produce, right? Believe me, we do not. Try to think about it - how will someone spend their money if there is not enough money to make ends meet? How can someone handle emergencies in the future if they do not save their income? What will be done if there is no investment for the future to come? There are people out there who have no food and shelter to live their drastic lives but live it. And those who get it become careless. Well, solutions emerge as advances in technology that make our lives easy and simple. It helps us maintain our quality of life without losing content. It's easy today to save our income by investing it in crypto. Cryptocurrency is a digital currency that has exchange rates as well. There are great apps available in the market that provide the facility to exchange cryptos whenever needed.

Here I will discuss about ICO "NAUTICUS"

What is Nauticus?

Nauticus is one of the development outcomes of the blockchain industry, which runs well and has good ideas based on a system that directly opens opportunities for investors to be more open with symbolic investments. Being one of the first blockchain platforms to be produced, the company wants to realize and help investors to be more worried about the economic weakness that has been suffered by many people in the world from the concept of gotong royong as an investment that can be exchanged by users listed on this blockchain platform.

VISION

Our vision is to create usable, efficient and sustainable global banking, eCommerce and security solutions based on innovative blockchain technology.

We want to encourage everyone to participate in the FinTech revolution being brought about by blockchain technology.
Our solutions are aimed at everyday users, businesses of all sizes as well as local, state and federal governments.

At the same time, we want to help to create a better world for everyone, especially the underprivileged. We are strongly focused on social responsibility and philanthropy.

Nauticus will use its influence and global community to bring about change to those who need it the most. Improving living standards in developing countries, advocating for equal rights, and protecting the environment are among our core values.

Nauticus upholds the highest ethical and legal standards and considers the protection of user assets its most critical mission.

Market

Around $5 trillion USD changes hands in the foreign exchange market every day, with most trade between approximately 23,000 banks. Cryptocurrency daily transaction volumes have exploded from $100 million USD a year ago, to around $30 billion USD today. That’s only set to increase – yet there are only about 170 active cryptocurrency exchange platforms taking advantage of this explosive growth worldwide. In January 2018 it was reported that exchanges were signing up more than 100,000 new users each day.

We are no longer citizens of a single country, we are all citizens of a global economy who interact with each other online. As more users adopt blockchain technology, the cryptocurrency market will continue to grow and, over time, it will take over the market share of global FX volume. Nauticus has identified this as a key opportunity.

TOKEN AND USER BENEFITS

Nauticus Coin (NTS) underpins our six business and banking solutions, creating an ultra-secure medium of exchange between users. Nauticus is committed to the continuous development of innovative new technology that will be supported by NTS with low transaction fees. The initialtokens for use on the Nauticus Exchang will be created using the Ethereum network ERC20 guidelines but Nauticus will research, develop and implement a new ledger system that supports greater transaction volumes using the most efficient and scalable blockchain technology available (Nauticus is closely examining NEM or Ardor forthis). Any holding of Nauticus Coin will be mirrored by the new medium of exchange.

A maximum of 2,500,000,000 Nauticus Coins are available. Tokens sold to users will accountfor 80 percent oftotal supply; 8.5 percent ofthe token supply will be allocated to the core team and another 1.5 percent will go to advisors (the
percentage allocations will be in proportion to the number oftokens sold to users). Ten percent ofthe total supply will be used in the referrals program. Atthe end ofthe ICO any unsold or unallocated Nauticus Coins will be burned. Alltokens will be disbursed atthe end ofthe ICO, and provided to the user’s designated wallet on our platform. Purchased tokens can be used immediately; however, referral and gifted tokens are restricted to our platform only (for example to pay fortrading fees) for a period oftwo years afterthe end ofthe ICO. Afterthis period,they can be freely exchanged for other crypto or fiat currencies. The team's coin pool will be limited to releasing a maximum of 20 percent oftheir supply of coins in the first year, and 40 percentin each ofthe nexttwo years.

** Blockchain Mining **

The Nauticus blockchain mining center will commence operations using the Antminer S9 model (or the most energy efficient mining model commercially available at the time of construction) and is being designed around the principles of maximum energy and processing efficiency. Our team will also work with semiconductor manufacturers in Singapore and Taiwan to design our own custom made mining boards using ASIC processors to improve mining efficiency. More efficient machines help to lower economic and environmental costs.

** eCommerce **

At Nauticus we envisage a future where disruptive blockchain technology will see major players such as eBay and Amazon forced to drastically change their business models. The Nauticus eCommerce platform will give access to a marketplace for sellers and buyers, providing a wide range of goods and services, and accepting all the major crypto and fiat currencies. It will be powered by the Nauticus Exchange, our secure online payments system and wallet.

At present buyers and sellers use major marketplaces because their policies help ensure safety and security. Free alternatives such as Craigslist and Gumtree are beset with scams and frauds, which forces merchants to turn to companies such as eBay, despite its high final value fee of 10.9 percent dramatically reducing their profits.

** Illustrative Costs and Revenue **

The size of the facility, and attendant construction costs, will be dependent on the results of the ICO but for illustrative purposes, a small facility with 1500 Antminer machines would cost approximately $6.8 million USD to set up. Ongoing costs, including electricity and staff, are expected to be around $2.2 million. Total revenue generated in the first 12
months would be $3.1 million (at a Bitcoin value of $8145, possibly substantially more in future). A facility with 15,000 machines would generate revenue of $31 million. This revenue will support the expansion of the Nauticus business.

A proportion of the budget will be allocated to further research and development of more efficient mining machines, along with more efficient renewable energy solutions. Other proceeds will further the development of our payments and eCommerce solutions, or directed back to our users via lower fees.