Nauticus as Blockchain’s first decentralized E-Commerce platform for your future

What is Nauticus ?

NTS is a utility token and not a digital currency, security, commodity or other type of financial instrument and is not registered under any security law within the Commonwealth of Australia or any other jurisdiction. NTS can not be used for purposes other than those provided in whitepapers, including but not limited to, investments, speculation or other financial purposes. Nauticus shall not be liable for any losses incurred by the user’s financial trading.

Vision

To create a global, eCommerce, and security solution that can be used, efficiently and sustainably, based on innovative blockchain technology platform.

Mission

Nauticus to maintain the highest ethics and international standards of data protection from user resources.

The Problem

Bitcoin and crypto exchanges are difficult for everyday people to understand and users often need to sign up to half a dozen exchanges to buy all of the different altcoins they wish. Cryptocurrency is hard to spend in the real world and many exchanges don’t even offer a single fiat currency.

The Solution

The Nauticus Exchange will be the only exchange users ever need, a one stop shop offering 300 cryptocurrencies and 16 fiat. Users from around the world will be able to buy whatever crypto they wish using their own nation’s money. Nauticus Exchange will also allow users and merchants to send and receive payments like PayPal but with much lower fees and live market rates.

The Opportunity

The total market cap of cryptocurrencies increased from $26 billion a year ago to more than $450 billion today. With 100,000 new users signing up to exchanges each day, and exchanges such as Binance earning $1.5 billion a year in fees, there is an unprecedented opportunity to capitalise on this explosive growth.

All Exchange Coins Increased in Value

Nauticus Exchange today announced it will support the Chinese Yuan (RMB/CNY) at launch.

Due to open in the coming months, the Yuan will join six other fiat currencies on the exchange: USD, EUR, JPY, HKD, AUD and ZAR.

The decision to support the Chinese Yuan was prompted by our user survey, in which more than 7000 respondents requested the currency.

The news will be welcomed in countries and regions where the Yuan circulates including Hong Kong, Macau, Pakistan, Mongolia, northern Thailand, Cambodia, Laos and Myanmar.

The move to accept RMB/CNY will also position Nauticus to be able to accommodate Chinese customers when the country’s ban on cryptocurrency exchanges is finally lifted.

“We expect that at some point in the future, the ban will be lifted for properly regulated exchanges,” said COO Jonathan Chang.

“Nauticus is registered with the Australian Government regulator AUSTRAC and complies with all of the relevant anti-money laundering and counter terrorism financing rules.”

Security and Nautices Wallet

Our wallet technology allows consumers, businesses, and governments easy currency exchange payments, and settlements. The platform incorporates state-of-theart security measures including two factor authentication and biometric authentication using smartphone fingerprint sensors, voice and facial recognition. We also offer compartmentalized wallets (cold and hot wallet) protected by multiple layers of encryption. The company is implementing protocols for Nauticus staff to ensure segregated human responsibility, approval, and audits. We will further develop our security suite of options to include more biometric (using Voiceit), multi-signature access for couples, partners or teams (using Bitgo), and active backup.

Revenue Assumption

Although Nauticus aims to compete with Binance and Huobi, we have modeled conservative revenue projections that assume Nauticus will only add new users at the same rate as KuCoin and, furthermore, that this rate of growth will decline by 10 percent each quarter. We assume daily trade volumes of $180 per user.

Note that it is impossible to accurately estimate what the size of the crypto market cap will be in five years, so our projections assume everything else will remain the same. The crypto market, however, is likely to be exponentially larger by 2023, along with the corresponding profits.

Crypto Exchange Revenue

Using these assumptions, we project annual revenue from cryptocurrency alone in the first 12 months of $48.03 million, growing to $135.5 million in the second year. By 2023, even with new sign ups dwindling to just 67,000 a quarter, we estimate annual revenue will top a quarter of a billion dollars.

The operating costs in the first 12 months have been budgeted at $16.81 million, with an additional $2.4 million directed towards a sustained worldwide marketing campaign. We estimate a net profit of $19 million.

Profits from the exchange will be reinvested in the business to develop our subsequent blockchain mining, eCommerce and banking solutions. Operating costs in the second year will be $47.41 million growing to almost $90 million in 2022. Net profit will reach $106 million.

Payment Processing Revenue

The payment processing element of the business is a foundational stone of the exchange that will be offered to users and merchants from the end of early 2019. It will also be incorporated into the Nauticus Marketplace eCommerce platform in the same way PayPal was with eBay and Alipay was with Alibaba. Our illustrative revenue projections are based on the Nauticus Exchange growth rate and PayPal’s average quarterly transaction volume per user of $444.37. Starting with 100,000 active users, and a 1 percent fee, we estimate revenue of $12.99 million in the first year, and net profit after operating, marketing and taxes of $4.34 million. This is expected to grow to $69.01 million in revenue ($27.87 million net profit) by 2023.

Token Sale Details

• Start date : 18/03/2018 00:00 GMT
• Sale term in days : 62 days
• End of ICO: 18/05/2018 00:00 GMT
• Nauticus Coin price : 0.00001 BTC each
• Total token supply for : 2,500,000,000 NTS
• ICO early completion : When sold out
• Smart Contract : audited by ambisafe
• Adjustable emission : Total NTS supply will be burned based on public tokens ratio, ensuring fair value for contributors
• Tokens supplied post ICO : NIL
• Soft cap : 8,000,000.00 USD
• ICO Target : 68,000,000.00 USD
• Hard cap : 88,000,000.00 USD
• If ICO target not obtained : Project will continue as planned, with scale and functionality adjusted

Roadmap

• Mid 2018
  Crypto and fiat currency exchange

High-speed secure currency exchange, enabling ICO backers to immediately trade Nauticus Coins with 100 crypto and seven fiat currencies at launch (more to be added). In development and scheduled to open in mid-2018.

• 2019
  Green blockchain mining center

Establish an environmentally friendly mining center that provides cheaper and faster transactions for Nauticus users, generates revenue to further expand our operations, and provides a social benefit for developing economies.

• 2020
  eCommerce platform

Marketplace with easy-to-use mobile interface enabling instant payments in any currency, crypto or fiat – underpinned by the Nauticus Coin. Ultra-low listing and payment fees, high security and detailed rating and accountability system.

• 2021
  Merchant payments platform

Comprehensive business solution with instant payments settlement, contactless payment methods via NFC, QR, ApplePay, AndroidPay and low fees down to 0.1 percent. Analytic support for enterprises and governments. Peer-to-peer funds transfer.

• 2022
  Global KYC verification

Become a global partner in a new system of Know Your Customer identification, in which users are verified just once. Users control the sharing of sensitive data through biometric authorization, enabling the provision of only relevant information to businesses, governments or organizations on request.

• 2023
  ICO gateway

Establish resources for new ICOs including IT, financial, legal, marketing and HR assistance. Launch ICO register and quality seal of approval. This will support both the blockchain community and help to protect investors. Add new ICO coins to Nauticus Exchange.

Nauticus Team

 

Sources of information you can visit as follows : 

Author by Dico88

Tag: Bitcoin, Blockchain, Ethereum, ICO