Melbourne fintech company Nauticus has announced its Initial Coin Offering (ICO), that will launch on March 31 and will mark the first stage of the company’s bold vision for six ethical global banking and e-commerce solutions utilizing blockchain technology.
Pre-registration is now open, with early supporters rewarded with 100 free coins.
Unlike most new cryptocurrencies, ICO backers will be able to use and trade their Nauticus Coins immediately on the Nauticus cryptocurrency and fiat exchange. Nauticus Coin users will be given a 50 percent discount on trading fees on the exchange, which will drive the adoption, use and price of the coin.
The exchange and payments platform is in development and due to launch mid-2018. It will initially offer 100 crypto and six fiat currencies (USD, EUR, JPY, HKD, AUD and ZAR) but within 12 months, the exchange will offer 300 cryptocurrencies, putting it alongside the top ten exchanges internationally. Nauticus will also expand to offer trading with 16 fiat currencies.
Around $30 billion USD worth of cryptocurrencies are traded each day. This figure will only grow into the future and yet there are only 170 active cryptocurrency exchange platforms taking advantage of this explosive growth worldwide.
Nauticus will also establish a sustainable, large-scale blockchain mining center in 2019 that will provide revenue, and a sizeable amount of server capacity, to ensure ultra-fast processing for all users of Nauticus services. The center will use renewable energy.
Profits will be reinvested in the business to support the development of a low-cost e-commerce marketplace, along with merchant and peer-to-peer payments. These new platforms will be underpinned by the Nauticus Coin, Exchange, Mobile App and Wallet.
The company will also offer ‘one and done’ Know Your Customer (KYC) verification and create an ICO community, which will provide resources and services for new ICOs as well as a quality verification system.