Karatcoin – Platform to Trade Gold Certificates

It is quite commendable that many blockchain projects are already moving out of their shells in the decentralized coven and working towards real life operations. Before now, gold had been asset treasured and till this day, the status quo remains. However, with the invention of the blockchain technology and with seeming possibilities on Karatcoin, it is perhaps time to utilize the efficient distributed ledger in making this asset more pronounced.

It is important to note here that not every asset comes by easily and this illustrates the exact position of gold. For some time, people tend to lay their hands on it but sadly, the market price does not fit into the budget price they had in mind and for those that could afford it, making the purchase is another herculean task as scarcity of the asset looms. On a sadder note, trading gold certificates seems to have gotten more stiff regulations and these highpoints necessitated the invention of Karatcoin.

Existing Issues
Before the inception of this project, there had been the notion that gold is an asset that has futuristic market value and hence, the value cannot decrease but rather on steady rise. This school of thought was soon proved wrong when the US Dollar gained significant “financial strength” and had all attention ported to it.
There is also the issue of trading the certificate and there are intermediaries that shore up the fees. As mentioned earlier, there tend to be continuous demand for gold and in such situations, gold mines will have lots of work on their hands; leading to underperformance and in ability to meet deadlines.

Hoarding your gold in belief that the market will get better and your bond matures is erroneous as the bond market is slipping down the alley as days go by. Hence, you shouldn’t be expecting much from your investment. There are also instances when investors will pull out of the picture. These and other underlying issues had informed the invention of Karatcoin – a platform that will make smooth all downsides in the gold industry.

Boosting Production and Income
As attributed earlier, the reason why gold is scarce is because gold mines fail to meet up with productions. But can a business (such as the gold industry) with keen investors that are willing to stake their funds to purchase its products not have sufficient manpower to produce? That brings another side to the coin – funds.

Funds have been one other reason why gold mines are yet to meet up with increasing demands. To this end, Karatcoin finances these mines so there will now be throughput in the production. Likewise, the blockchain will be used to remove incidences of high costs brought about my middlemen roles and also facilitate faster transactions by matching orders within a ten second timeframe.

It is also important to note that the platform itself has been linked to functional gold mines and by virtue of this, there will be increased gold productions just as finances will be deployed to actualize these.

For gold certificate owners that have been saddened over inability of their bonds to mature, Karatcoin has made it possible to get gold certificates of different maturity dates and have them yield dividends of about 6%.

Security and Risk-Free
One other factor that distinguishes this from similar projects is ability to make users feel safe and transact in a risk-free environment. It is worthy of note that there is automation that matches transactions by default just as the blockchain plays the big brother role – security.

Input to Gold Trade
There are some countries such as China that are rich in gold production. But sometimes, there are always issues with trading this. Karatcoin is of the opinion that gold with its enriching potentials should not be hoarded and people that want to trade their gold certificate can do so through the platform.

In the light of this, the project is in support of gold trades and leaves no stone unturned to help you sell your gold certificates. Before this, there is already merger between the platform and gold mines that will see to conversion of gold to related products such as gold dust and gold bars. In the stead, gold owners can have theirs converted to any of the aforementioned products and through this means in conjunction to the refineries, Karatcoin helps them sell off their gold to the larger society.

Technology
Though backed by the blockchain, it does not toe the line of Ethereum-based projects. Instead, Karatcoin positions itself on the EOS blockchain and promises to be more scalable than Ethereum. In the light of this, it commands a transaction timeframe of ten (10) seconds to be made permissible through its efficient DPoS consensus.

The consensus will be in tandem with Bitcoin’s reward to miners implying that miners will be rewarded for their input. On the other hand, there is the Bancor protocol that will be utilized in breeding peer transactions among Karatcoin’s users.

Innovative Products
For mobility, there is a decentralized application that will also run on Windows, Android, iOS and Mac devices. The app features impressive tidings offered by Karatcoin such as marketplace to trade gold and gold-related products, the smart contract and blockchain technologies.

There is also the gold card that allows you store your assets on the blockchain. It will serve as persona wallet and also use cold storage wallet for its functionality.

Token Allocation
Crowd-sales: 37%
Foundation: 33%
Team and Advisors: 30%

Token Information
Token Name: Karatcoin DAO Token
Ticker: KCD
Token Supply: 100 million KCD
Platform: Ethereum
Token Standard: ERC-20
Token Type: Utility Token

Bottom Line
Karatcoin, from its impressive presentations obviously has something to offer with respect to bringing revolution to the gold industry. Finally, it is worthy of note that there won’t be restrictions to trade as reconversion of gold to related products make it possible to trade them off faster. Karatcoin is the place to be for decentralized gold trades and there won’t be much expenses as cost of transportation will be saved as provision has been made to have gold raw materials sold in locations they were processed.

VISIT THE LINKS BELOW FOR MORE INFORMATION ABOUT KARATCOIN PROJECT
Website : https://karatcoin.co
Whitepaper : https://karatcoin.co/#whitepaper
Telegram :https://t.me/KaratcoinGroup
Bitcointalk ANN thread : https://bitcointalk.org/index.php?topic=4932340
Twitter : https://twitter.com/karatcoins
Facebook : https://m.facebook.com/karatcoin.co/

Writer's information :
Bitcointalk username : deodivine1
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292