KARATCOIN: Complete Overview of the Project
This article will let you know about the progress of the project so far & the future prospectives.
#Gold is one of the most valuable asset of the earth. Gold has the maximum contribution towards the economy of any governance. Everybody wants to have possession of gold but the paradox is that demand & supply doesn't have the equilibrium for gold.
#Karatcoin has come with the blockchain solution of such issues from mining to the distribution of the #gold.
Karatcoin presenting a decentralized solution for Gold assets which will include entire process of production from the mines to the distribution. Whole economy of the gold will run on the Karatcoin blockchain.
How it'll be done? Let's plunge into this.
#Karatcoin will provide a platform to various well known gold digger & productions companies after deep research by his technical team. All the financial deal with the companies as well as the wages of the employees & workers from the miners to the owners in the form of #KCD tokens.
#KCD #KCG & #KCX are the utility tokens which can be utilized in various activities.
Let's talk about them one by one ..
#KCD (Karatcoin DAO tokens will be used in the token sale which is based on Ethereum blockchain (uses the ERC20 smart contract).
Later on they will be migrate to the Karat Blockchain in 1:1 ratio.
#KCG (Gold token) is used by the blockchain. It represents the 1 gram of 99.98% LMBA standard gold & It will be secured in the safehouse Vaults. Also it will increase it's value over time.
Which can be 100% withdrawalable to Fiat or to physical bullion gold.
When the Karat blockchain will come into existence, #KCX token will be circulated . This will be the Key currency of Karat #blockchain. #KCX tokens used to fulfill all the finances of all kinds like payment methods which include giving wages to the workers & other economic activity.
#KCX token also used as the operational & fundraising activities that the Foundation provides for participating mines & their surrounding communities.
• Other products
• Gold Certificates
Asset Gold Certificates labeled with Proof of Authentication (PoA) information eternally uploaded into the decentralized database.
Each Gold Asset Certificate represents USD 1,000 of value.
Gold Cards
Gold products are stored in the Karat Blockchain
inside which the personal wallets are placed.
Every Gold card represents the personal wallets
Benefits of Gold Cards
• The physical gold asset is safely stored in a Vault.,
• Gold Asset Card represents the allocated assets.,
• All Gold Card Certificates are held in a Cold Storage Wallet.
Karatcoin ICO timeline
1- 3rd September the ICO has started which was the 1st phase.
In which #Karatcoin was sold at a discount of 16%.
63%, which is more than 60 million tokens were sold.
2- 2nd phase was started at 8th of October where 13% discount available for buying #KCD tokens.
3- 3rd phase is currently live. You can buy tokens at the 10% of discount which is a very limited period offer.
Karatcoin project seems like a potential project as of now since they have a qualified team & most importantly their vision is very much clear.
For more information visit the following Links:
Visit: https://karatcoin.co/#tokenSale
Website: https://karatcoin.co
Whitepaper link: https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_WP.pdf
ANN: https://bitcointalk.org/index.php?topic=4932340
Telegram: https://t.me/KaratcoinGroup
Article by- Sumit Bisht
My BTT profile link: https://bitcointalk.org/index.php?action=profile;u=2396148;sa=summary