An Australian based Cryptocurrency Exchange startup, Nauticus, has raised more than $16 million dollars to build one of the world’s most multi-functional cryptocurrency exchanges and payment platforms entirely out of Melbourne.
Nauticus is a blockchain and cryptocurrency exchange startup founded just 12 months ago by long time friends Bryan Ng and Jonathan Chang, and has been “public facing” for just nine weeks.
The startup was born out of the two founders’ visions for a world with greater transparency, accountability and community, and an overarching goal to drive adoption and education around the cryptocurrency space by building a multi-functional and easy-to-use exchange platform.
In what the company is calling an “ongoing ICO” – pundits can purchase its Nauticus or NTS tokens in stages – the final stage of which is running until May 18.
As of Friday, the company had raised $16.8 million which is a remarkable collection only for the first eight weeks.
Intially, the Nauticus ICO funds will be used to implement plans, hire staff, launch the Nauticus Cryptocurrency Exchange and establish a blockchain-based “mining” centre.
While in the longer run the exchange will aim to support 100 different cryptocurrencies and seven different fiat currencies on launch, with the goal of expanding those numbers to 300 and 16 respectively over the next 12 months.
Further tiers to the Nauticus platform include an environmentally sustainable mining centre, with users to be able to buy their mining rigs directly from Nauticus at cost price, an online e-commerce platform and a digital identity system.
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