KARATCOIN: ENSURING THE FUTURE OF GOLD CRYPTO ASSET THROUGH THE BLOCKCHAIN TECHNOLOGY.

highest01 (37)in #blockchain • 6 years ago

INTRODUCTION:

Hello ladies and gentlemen, I have come across another powerful blockchain cryptocurrency project. The name of this blockchain innovative platform is KARATCOIN.
KARATCOIN is a platform that is built on Ethereum blockchain technology, whose aim is to build a platform that trades gold certificates, exchange Karatcoin tokens, and also save and exchanges currency using gold cards. The team behind KARATCOIN is out to build a marketplace for gold.
Gold is one of the most stable currencies in the world of which stability is the major problem of many cryptocurrencies due to high volatility or unstable price.
Gold is a unique, expensive and durable commodity which value is highly esteemed. Besides its value, Gold mining is also promising and lucrative. Because of the prolific nature of gold mining, many people have engaged in illegal mining activities or even ignoring the codes of ethics and standards all in a bid to get more profit, which has a very bad reputation on workers, society and the environment.

Because of the popularity of Gold as a metal, many countries are buying and storing gold for reserve currency because its value is always stable.

PROBLEMS IN THE CURRENT GOLD INDUSTRY:

Overtime, there has been some bottlenecks in gold industry especially in carrying out the mining operations.
The problems are highlighted below:

Inability of companies neglecting the standards that should be established and implement in the mining activities.
Discrimination and harassment if workers in the mining industry.
Employment of substandard equipment and facilities that do not support the smooth working of the work environment
Hours of mining exceeding the maximum working limit and the corresponding low rewards.

THE SOLUTIONS/BASIC FEATURES OF KARATCOIN

** THERE IS NO GEOGRAPHICAL RESTRICTION:
Because of the decentralised nature of KARATCOIN platform, the Moment gold is converted into crypto-gold, it could be redeem in any country.
Consequently, Transport-related costs and taxes are highly reduced by allowing the raw material to remain in its place of origin.

** STORE OF PHYSICAL GOLD:
KARATCOIN Platform through the Karat blockchain has an arc for the storage of Physical Gold asset and the certificates is kept in the wallet at Karat blockchain.

** DPOS CONSENSUS:

The fees paid is used as rewards for investors rather than miners. This helps to increase the security, and lowers power consumption while enhancing a faster verification time.

** EARNING OF FIXED REVENUE : Certificates of Gold are used as a safe investments. KARATCOIN Certificate gives a 2 and half-yearly coupons with 6% interest.

** BOND YIELD RANGING FROM 5 to 6%.
There is that possibility of purchasing Karat Gold Certificate that has different maturity dates In the decentralized market of Ethereum. This certificate is also associated with semi-annual coupons with a bond yield ranging from 5 to 6% depending on its duration

** DECENTRALIZATION:
KARATCOIN Platform is operated basically on decentralization. With decentralization, it is cheaper, safer to run transactions and monopoly is also broken to ensure a smooth transaction and interaction. One of the fundamentals of the entire banking industry is custody. They provide people with a safe place to keep their own money. KARATCOIN is even safer because it is completely decentralized and automated

USE CASES OF KARATCOIN

KARATCOIN platform is built on the etherum blockchain technology and this enhances a faster transactions than other blockchains like Bitcoin and others.
KARATCOIN platform has an application that serves as a safe for the storage of Gold.
KARATCOIN platform guarantees decentralization and privacy to it users.
It gives a more flexible smart contracts capabilities for trading almost anything that is valuable.
KARATCOIN tokens is going to aid the acceleration of the crypto currency and blockchain technology in the gold market as a means of saving and trading of gold.

ROADMAP:

September 2017 — Start developing the Karatcoin platform.

January 2018 — Research and Development.

March 2018 — Create white paper.

March 2018 — Make a business plan for the project.

July 2018 — Sale before the project with 30% promotion.

August 2018 — A full test of the application of the application

September 2018 — ICO Public Scheme, bonuses beginning with 16% September 2018 — Blockchain Development

October 2018–1 ° Saft distributes physical gold

November 2018 — Starts the selection of mines that meet the requirements.

March 2019 — Launch of full range of Karatcoin products.

TOKEN INFORMATION: