Has it ever happened to you, that you are in a different city/country and you cannot communicate the location with the other person? I don’t know about you, but I have faced this issue countless times. Maps help to some extent but are useless if you can’t pronounce the location only.
Enter NaviAddress, a company that’s building a Location mapping service which will allow you to map any location with a string of numbers. Similar to a phone number. NaviAddress are actively working on standardizing the global address system.
Where does Blockchain come in the picture?
Naviaddress is using blockchain to create a unified, digital addressing system, allowing its users to turn any physical address into a short and convenient digital address. and it also allows the user to create a new physical address for places which do not have one.
Markets they are targetting
The pain points that Naviaddress solves are categorized into three major aspects:
People without an address
Four billion people are living with no address. Now they can create as many NaviAdresses as they want in several minutes without government supervision.
E-retail and Delivery businesses
A big problem that is caused by non-verified addresses is last mail, special in developing countries, Naviaddress solves this issue by providing trustless verified by transaction and geo coordinates precise ID of users’ locations for online and delivery businesses.
International tourism businesses
Naviaddress provides authentication and easy last mile navigation via smart contracts for local HoReCa and retail outlets.
NaviTokens and ICO
NVT is the NaviAddress token. NVT is a smart contract based on ERC20, it is an exchange medium and an incentive for the NaviAddress ecosystem.
Its total supply is one billion NVTs, 400 million of them are allocated to the ICO.
Naviaddress has already sold 200 million NVT at the pre-sale which has ended, which leaves 200 million tokens to the last phase of the ICO, the crowd sale. The crowd sale is live and will be open until 31/03/2018.
The starting price will be 0.05$. To avoid any price dump, they are offering a single minimum price for all participants at both pre-sale and ICO stage. They accept bitcoin, Ether and fiat currencies.
Disclaimer: This article is meant for informational purposes only and is not a substitute for professional advice or independent factual research. No content on this article is intended to, or should be assumed to, be a recommendation to enter into any securities transactions or investment, or an endorsement, recommendation, or rating of the here mentioned project.
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