BoatPilot: Advancing the Private Yacht and Marine Industry

The marine and yacht industry is rolling out with the new feature of blockchain technology now. BoatPilot is introducing “free marine navigation service with augmented reality” with private yachtsman in consideration. BoatPilot is much like a “Marine Google Maps” and “a Tripadvisor” sustaining every business to access international yachting markets.

What does BoatPilot do?

As an accurate navigation tool, BoatPilot enables yachtsmen to browse coastal objects and marine information of interest including; marine routes tracking, navigation signs, regional laws and regulations, navigation signs, charts, comments, photos and alike. On top, the yachtsmen will own an advanced database that allows them generate relevant information, accessible by other Yachting community members easily.

The platform discards poor visibility conditions that usually occur at night. An augmented reality function of BoatPilot has the potential to see the actual surroundings.

BoatPilot is a free tool explicitly built for private yachtsmen and small yachting businesses. The product is the result of a blend of experienced professionals and not an updated version of military or sizeable commercial navigation system.

The system is beyond navigation software, as BoatPilot can also be used as an advertising tool which works without an internet connection on the user’s mobile.

Why has BoatPilot been developed?

Where the use of mobile devices is booming in every industry for one reason or another, private yachting is behind the scene. Though, there are tools available like Navionics, MaxSea, etc., but these solutions overlook mobile users. The existing tools are just an adapted version without an easier user interface, absence of practical information on fueling stations, restaurants, and nearby marinas.

These navigation system fails to perform on an individual’s action, especially for private yachtsmen or small yacht charter companies. However, the tools that are suitable for high commercial purposes are often lacking with new updates. As a result, the end user will not access the complete information.

However, the numerous manufacturers of built-in onboard systems are available on the market, but they are not compatible with each other. Consequently, their new software is just an updated version with small modifications.

The Solution

Contrasting to existing navigation systems, BoatPilot has emerged as the modern mobile navigation tool for the private yachting and marine industry. The platform coordinates with the server by delivering updated information wherein every user can create and update the charts. BoatPilot sets apart from the tools available over a decade means that it calculates more than 100 geo-locations in the Mediterranean.

BoatPilot’s Crowdsale specification

BoatPilot has already released the beta version of Google Play in July 2017. The tool is envisioned to support the marine navigation marketplace as a whole. The beta version of the product has already captured more than 35,000 users across and is considered a strong product by thousands of yachtsmen around the Mediterranean.

“BoatPilot’s record-breaking 2017 season showed that BoatPilot navigated over 4,700 yachts. That’s a vote of confidence worth nearly $1.2 billion, considering the average price of a yacht is $250,000.”

The Token Generation Event (TGE) will commence in two stages; Closed and Open.

The Closed phase calls for private investors and large market players. Minimum tokens purchased for closed stage is $25,000 (as equivalent in ETH or BTC). Bonuses are also available (as equal to 50 percent or 100 percent of tokens purchased). Closed stage begins from December 11, 2017, and ends on January 25, 2018.

The Open stage is for the public, accessible for everyone in the cryptocurrency space. The Open phase starts from January 26, 2018, and ends on February 28, 2018.

Token Tag: NAVI,
Token cost: $0.07.

Distribution of Funds

The distribution of the funds raised through the TGE are as follows:

1.5 percent for financing on marketing, promotion, development of BoatPilot,
12.5 percent bonus will be releasing for the first batch of tokens,
20 percent tokens are preserving for the team, available only after BoatPilot release on iOS and Android,
1.5 percent of Project’s ecosystem to ensure easier access to NAVI tokens from their app,
3.5 percent tokens are reserving for advisors,
Free float is 61.25 percent.

The BoatPilot platform has already signed an agreement with international companies. In January 2018, users will have access to the complete list of partners.