https://www.nauticus.io/
Nauticus is a new cryptocurrency exchange that will be offering one hundred cryptocurrencies and 7 fiat currencies for trading. The initial fiat currencies will be EUR, USD, HKD, JPY, CNY, AUD, and ZAR. Within a year, they plan to expand to about three hundred cryptocurrencies available for trading and sixteen fiat currencies. The goal of the platform is to support around one million transactions each second. The company is based in Australia, and will be launching the platform in the middle of 2018. Nauticus will be a user friendly and secure platform for cryptocurrency banking, ecommerce solutions, and payments. Both merchants and users will be able to send international payments with low fees. So far, there have been over two hundred thousand people sign up for the platform. Nauticus has also been registered with the government regulator AUSTRAC, in Australia.
Nauticus also has plans to start a mining center next year for an additional revenue source. They are going to be an environmentally friendly operation. High efficiency and renewable energy sources will lower costs. It will also have a large server capacity so that transactions of Nauticus services are processed quickly. Any profits will be invested back into the business to help develop an ecommerce platform, as well as a peer to peer payment system. A know your customer service is also going to be created and used by Nauticus.
For the ecommerce platform, they plan to have very low listing and processing fees. The processing fee may be as low as 0.1 percent. The target date for the ecommerce platform is sometime in 2020, followed by a merchant payment platform in 2021. The Nauticus Coin is one of three main cryptocurrencies that will be used in trading pairs. The others are Ethereum and Bitcoin. If a user uses the Nauticus Coin to trade with, they will enjoy the benefit of a fifty percent discount on trading fees.
The trading platform will allow for two factor authentication along with other security measures for use with smart phones such as finger print or voice recognition. Also, Nauticus will use both hot and cold wallet storage, with the majority of funds being held in cold storage. Cold storage is much better for security purposes. The number of cryptocurrency users is quickly growing, and this creates a great need for exchanges like Nauticus. It looks like they have the expertise to create a great platform. To find out additional information about Nauticus, you can visit their website listed below, or read their whitepaper.
Whitepaper: https://cdn.nauticus.io/NauticusWhitepaperOfficial.pdf
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