Review on BitNautic Token by Stephen Toluwani
Another mind blowing project abandoned
The Bitnautic Token project when in it's prime, surfaced to be one promising project with a use case presented to affect and correct real world issues faced in the shipping and containment section of transportation. The project ideas were clear cut, accurate, market target was well planned, infact, everything seemed to be going well for this project in the beginning. It had a successful ICO and began work in details. I peaked interest in this project because one of it's target market was Africa and with it's ideas, Container Shipment won't be as it used to be.
Issues began to arise when the project overseers decided to privatise most of their activities that began to make the project seem unsure of its work in progress.
To cut the long story short, The project just went under and it's developers too. The website is down and many investors have complained of their losses in thousands of dollars. There is currently no exchange trading the coin. With the kind of ideas Bitnautic Token project had, it could or even would have been resuscitated but with the look of things; the new innovations of crypto projects that have sprang up from it's idea, I don't think the Bitnautic Token project has any future ahead of it again
Pros
- It was once an insightful project
Cons
- The project website doesn't go through anymore
- The developers performed a exit-scam on the project
- The while development of the project was kept private
- The project is shut down completely
