This is a big step forward for our project, and great news for our community, as any token on the Bancor network can be converted to any other, using a compatible wallet. Currently integrated tokens include ETH, BNT (Bancor Network Token), EOS, TRX, GNO, STX and more will be coming soon.
BitNautic is a single platform, capable of holding together all the major players of the shipping market: carriers, shippers, producers, buyers. Every one of them has different needs, and different obstacles that prevent them from fulfilling them. And how do they solve them? Phone calls, unfavorable deals, friends of friends. Lack of choice, long waiting times, tedious and complicated bureaucracy.
What we propose is a completely transparent network, where ship owners can list their ships, their location updated in real time, and cargo owners can find the best routes for their shipments, and at the best price. At the same time this will allow them to forge new business relationships, extending their network and bringing new customers to their business.
The BitNautic Token (BTNT), which will be the currency used on our platform, will be integrated on the Bancor Network as a Relay Token. By utilizing the Bancor Protocol, BTNT token holders will receive access to continuous liquidity regardless of trade volume or exchange listings. BTNT will be activated on the Bancor network within ten days of being issued, enabling users to buy or sell BTNT spontaneously through a supported wallet. There is no need for a counterparty, which means you won’t have to wait for your buy/sell order to be matched.
Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token“connector” method to enable formulaic price calculation and continuous liquidity for all integrated tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive.
To know more visit: BitNautic
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