BitNautic is a unique global trading platform that connects importers, exporters, and manufacturers of goods, making it simple for them to exchange their products with investors worldwide. In addition, the project introduces the concept of decentralization into the shipping industry, allowing users to get much-needed transparency in their operations.
Based on Blockchain technology, BitNautic provides a decentralized and secure platform that streamlines trade practices and facilitates seamless transactions utilizing digital money (BTNT). As a result, earning and spending cryptocurrency is easier and more convenient with BitNautic.
So continue reading as we resolve one of the most critical questions about how to invest in the BitNautic network. Let’s get started.
But, What is BitNautic Network?
BitNautic is a decentralized transportation and trading platform that connects ship owners, freight forwarders, traders, and consumers through Blockchain technology. The platform intends to transform the shipping business by establishing a decentralized marketplace for the purchasing and selling of products, as well as their transportation.
BitNautic utilizes smart contracts to ensure that all parties involved have secure and transparent transactions. This eliminates the need for intermediaries, frequently resulting in delays and additional costs. In addition, to enable transactions and give incentives for users to join the network, the platform also employs a token-based approach.
A global ship tracking system, real-time cargo tracking, and a cargo booking system are among the capabilities available on the platform. Using this feature, users may easily follow the location and status of their goods and book and pay for transportation services. Furthermore, the platform has an escrow system to ensure that payments are processed only after the goods have been delivered.
BitNautic is also integrating other technologies, such as AI and IoT, to improve the efficiency of the shipping and commerce process. As a result, BitNautic aspires to establish a more efficient and cost-effective shipping industry for all parties involved by providing a transparent, secure, and efficient platform for shipping and commerce.
How To Invest In BitNautic Network (BTNT) – A Quick Tutorial
Investing in BitNautic Network can be a terrific way to get involved in the booming Blockchain and shipping industries. Howe
ver, it can be perplexing for individuals who are unfamiliar with cryptocurrencies and Blockchain. So, here’s a simple guide to investing in BitNautic Network.
Create a Cryptocurrency Wallet
The first step in investing in BitNautic Network is to create a digital wallet. A digital wallet is software that allows you to store, send, and receive digital currencies such as BitNautic tokens. There are various digital wallets to select from, including software wallets, hardware wallets, and paper wallets.
Once you’ve generated a digital wallet, you’ll need to buy Ethereum (ETH) because BitNautic Network coins are built on the Ethereum Blockchain. Ethereum may be purchased on cryptocurrency exchanges like Binance, Coinbase, and Kraken. Before purchasing in these exchanges, you must first authenticate your identity. You will also need to give them the address of your digital wallet.
When purchasing Ethereum, it is critical to examine the transaction costs. Some exchanges charge more significant fees than others, so shopping around is crucial before deciding. It’s also vital to think about the payment options that the exchange accepts. For example, some exchanges accept solely bank transfers, whilst others accept credit cards or PayPal.
Join an ICO or Exchange
The next step is to purchase BitNautic tokens through an initial coin offering (ICO) or exchange. An initial coin offering (ICO) is a type of fundraising event in which a new cryptocurrency startup offers tokens to investors in return for Ethereum. BitNautic Network’s initial coin offering (ICO) has concluded, and BitNautic tokens can now be purchased or sold on several cryptocurrency exchanges. Binance and BitForex are two notable exchanges that list BitNautic tokens.
Assessing the platform’s reputation is critical when participating in an ICO or exchange. Some platforms have a history of security breaches or hacking, so do your homework and select a trusted site. Evaluating the platform’s fees for purchasing and selling tokens is also vital.
Step 4: Transfer Tokens to Your Wallet
After purchasing BitNautic tokens on an exchange, you need to transfer them to your digital wallet. To accomplish this, you will need to furnish the exchange with your digital wallet address. The tokens will show in your digital wallet once they have been transferred.
When moving tokens, it is critical to examine the transaction fees involved. Some exchangers charge larger fees than others, so it’s critical to evaluate pricing before transferring funds. It is also necessary to consider the transfer’s processing time. Some exchanges execute transfers more quickly than others.
Secure Your Tokens
It is critical to safeguard your BitNautic tokens by safeguarding your digital wallet and private key. Never disclose your private key to anyone because it grants them access to your tokens. It is also critical to keep your digital wallet software up to date to safeguard it from security flaws.
Investing in BitNautic Network can be a terrific way to get involved in the booming Blockchain and shipping industries. You may establish a digital wallet, buy Ethereum, participate in an ICO or exchange, move your tokens to your wallet, and keep your tokens safe by following these simple steps. Before investing in any cryptocurrency project, research and understand the risks.
Unique Fundamentals Of The BTNT Token
Every token has unique characteristics that define it. Similarly, the BTNT tokens have different functions and characteristics that define their purpose. Interestingly, BTNT may also be utilized for functions similar to other new-age tokens.
So to help you understand the different aspects of the token, we’ve listed some unique fundamentals that set apart the token in the following sections:
Access To A Unique Platform
The BitNautic network is built on the Ethereum Blockchain and uses smart contracts to facilitate user-to-user exchanges of products and services. The BitNautic Token (BTNT), the network’s native token, is used as the primary payment inside the platform to motivate users to join the network and contribute to its growth.
The BitNautic platform connects buyers and sellers of goods and services in the transportation and logistics industries. Additionally, it removes one of the industry’s biggest pain points, the problem with transparency.
Means Of Exchange
The BTNT token can buy and sell commodities and services such as ship chartering, freight forwarding, and cargo handling. Additionally, the platform allows users to track their shipments in real time. It provides an escrow service to ensure payments are made only after the goods have been received and inspected.
The BitNautic network also contains a reputation system that rewards users that contribute to the platform’s growth and stability. Users that provide excellent services or engage in fair trade practices, for example, will obtain a better reputation score, granting them access to more advantages and services on the platform.
Brings You A Transparent Marketplace
BitNautic network intends to build a decentralized and transparent marketplace for the shipping and logistics industries, where users can trade products and services efficiently and securely using the BTNT token.
The use of smart contracts and Blockchain technology on the platform assures that transactions are fast, secure, and transparent. At the same time, the reputation system incentivizes users to contribute to the network’s growth and stability.
Highly Anticipated Project
Studies reveal that the potential value of BitNautic’s coin is substantial, with the transportation market valued at an amazing 8.1 trillion USD. The BTNT is anticipated to increase by 560% in the first two months, reaching 1180% of the original token price in the first quarter of 2019.
Fast forward to 2023, and despite a harsh crypto winter, the platform has made strides in the market. The latest changes in the token’s movement could add to the project’s potential.
Access To A Hybrid Project
BTNT is a hybrid token with utility and payment functions. It can be used to pay for services on the BitNautic platform and give access to the platform for booking maritime transport or finding new clients for the shipping business. This makes the token a versatile and valuable asset for those looking to participate in the shipping industry.
Is BTNT A Good Investment?
It is challenging to forecast the future success of any cryptocurrency. Still, BitNautic is a revolutionary platform that aims to revolutionize the shipping industry by bringing together all major players in the naval shipping market, including carriers, shippers, producers, and buyers.
Here are some points to help you to invest in BitNautic Network:
Performance Since Launch
Before its launch in 2019, BTNT had a successful ICO (Initial Coin Offering), allowing the project to raise all the necessary funds to kickstart the project. Here’s a highlight of the project’s comprehensive overview:
- BTNT allocated 20% of its total supply for presale in 2018.
- The token was listed for $0.008 at its IEO in 2019.
- BTNT was unsuccessful in making any significant market movements until 2021.
- The token shot up to $0.041 by March 2022 and was at its all-time high.
Overall, BTNT has been a token to purchase and hold. Unfortunately, the token was late to make any significant impact in the market.
Transparent Network For Ship & Cargo Owners
BitNautic’s platform is intended to be a one-stop shop for all shipping-related requirements. It enables ship owners to list their vessels and cargo owners to locate the best routes and pricing for their cargoes. In addition, the platform is user-friendly and straightforward to use, making it accessible to those with little to no experience in the shipping sector.
Safe and Transparent
BitNautic is a Swiss company noted for its security and dependability. The company complies fully with Swiss ICO law and is overseen by the Swiss Financial Market Supervisory Authority, ensuring that all investments in the project are legally sound. This assures investors that the laws of a recognized country safeguard their money.
The BitNautic smart contract is published on GitHub and Etherscan and has been audited by professionals several times. As a result, it is intended to be secure and transparent, with no room for meddling. This ensures that all transactions on the site are safe and secure, giving investors further trust in the platform.
How To Sell BTNT And Cash Out
Selling the BTNT token is similar to the purchase procedure. However, to sell your token, you must transfer it to your crypto exchange’s wallet and go to its selling marketplace. Once there, click on ‘sell’ or swap to liquidate or swap your token for another coin.
Depending on the liquidity over the platform, you’ll have funds in your account within 72 hours.
Is It Too Late To Invest In TON? – BG’s Case Study
The BTNT token has been on a bearish run since the latter part of 2021. However, if we look at its price movement since 2019, it’s evident that the token is in a corrective phase and might take some time to retest to a new price level.
However, if you’re a beginner looking forward to investing in the BTNT token, this might be a good opportunity to get started.
Note: It’s almost impossible to determine the success of any token by looking solely at its price movement. Invest only once you’ve acquired enough information about the project.
Should I Invest In TON Token?
Investing in any cryptocurrency, including BitNautic (BTNT) Network, is a high-risk move that should be thoroughly evaluated before proceeding. Before investing in any cryptocurrency, it is critical to undertake extensive study and due diligence on the project, the team behind it, and the coin’s prospective market.
When investigating BitNautic, one of the first things to examine is the team behind the project. Investigating the team members’ backgrounds, experience, and track records in the sector is critical. This will offer you a solid indication of the team’s capabilities and the project’s chances of success. All the best!