Bitcoin Global News (BGN)
July 5, 2018 -- ADVFN Crypto NewsWire -- It’s always: don’t miss
out on this once in a lifetime opportunity, both on television
advertisements and in the ICO space.
This week,
Cointelegraph published a press
release about the Nauticus Exchange that had the typical
phrasing of it being the next big thing as well as one to rival the
greats, which in this case means, Binance.
With quotes like “the stunning
trajectory of BNB demonstrates that exchange house tokens have
great utility value,” followed by a connection with the upcoming
ICO of the new Nauticus Exchange, it is quite clear who
Nauticus is positioning itself as a substitute for.
The central question is: following
their ICO, can they deliver on being essentially, a better
Binance?
To attempt to determine this, let’s
look at the facts as they stand right now.
To begin, both the Binance Coin (BNB) and the Nauticus Coin
(NTS), appear to be very much the same. The same press release that
was mentioned above states that Nauticus Coin was modeled after
Binance Coin and also provides users with a 50% discount on the
exchange’s trading fees.
As far as its initial offering, the
Nauticus Exchange will launch in August with 100 cryptocurrencies
as well as seven fiat currencies.
Binance, on the other hand, is
already offering over 300 trading pairs.
At this time however, they do not
currently offer anything close to fiat currencies, beyond
the disputed Tether and similar
crypto tokens.
Coupled together with the fact that
Nauticus will apparently offer fiat trading options before Binance
will is the fact that they will be giving users a 50 percent
discount on trading fees during the same month that BNB’s discount
drops to 25 percent.
When this is considered, it is
reasonable to assume that Nauticus will attract customers who are
disgruntled with their loss of benefits with Binance.
With the Nauticus ICO ending on
July 18th and the exchange already reportedly having 468,000
hopeful, future users, the exchange’s leadership seems to be hoping
that their platform will become a one-stop shop for crypto
investment needs, as said in the same Cointelegraph piece which has
been referenced above.
Due to the fact that risks related
to Nauticus include its status as a newcomer as well as its smaller
set of trading pairs, it remains to be seen whether the trading fee
discounts as well as the fiat options will sway consumers to its
platform above all others.
By: BGN Editorial Staff
News:
ICO
Binance
(BNB)
Cryptocurrency
Nauticus
Exchange
Nauticus Coin
(NTS)
Tether
(USDT)