Technology:
The BTNT Token, an ERC20 utility token, will be issued to create a decentralized shipping and cargo platform built on top of Consortium blockchain and wholesale e-commerce platform based on Ethereum blockchain and smart contracts for trading goods and services.
The ERC20 protocol is based on Ethereum, a technical and market standard, which defines an interface for smart contracts that need to execute token emission.
Using dedicated token (BTNT) to facilitate transactions in the Bitnautic ecosystem provides many advantages.
It can be used across any number of jurisdiction, retaining a single uniform method of settlement.
Using a blockchain based token makes it possible to perform settlements automatically and irrefutably within smart contracts.
It makes it possible to manage incentives in a way that drives ecosystem effects for the benefit of all participants in the Bitnautic ecosystem.
Token Type:
BTNT is the final utility token thaT will be used within the Bitnautic ecosystem (Cargo booking, Brokerage system, Bill of Lading, Tracking system, Wholesale E-commerce platform).
Utility of Token:
BTNT is a utility token designed to facilitate efficient transactions of a wide range of services on Bitnautic platform, whilst also operating as a medium of exchange and a store of value that could become more valuable in line with the growth of users and increasing use of platform.
According to the Bitnautic project purposes, BTNT tokens will be used for:
- Subscription for professional use of the Bitnautic platform
Price — Per user, Per year - Fees for Cargo Booking
Commission 2% paid by carrier on total price paid by shipper - Fees for ship Brokerage system
Commission 1% paid by ship owner on total price paid by shipper - Subscription to Tracking system
Price — per user, per year - Fees for Escrow service
Commission 1% paid by Buyer or seller on total transaction value - Fees for wholesale E-commerce
Commission 2% paid by seller on total price paid by Buyer - Bill of Lading
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The Bitnautic token sale uses ERC20 (Ethereum smart contract) compliant utility token, designated as BTNT. There will be discounts for those holding BTNT tokens while buying packages.
To know more about Bitnautic, visit the website: https://www.bitnautic.com/
