KARATCOIN: A UNIQUE CRYPTOCURRENCY BACKED BY GOLD AS A REAL ASSET.

nedbee (46)in #blockchain • 6 years ago (edited)

INTRODUCTION
Hello readers, in this article I shall be introducing to you a unique project that has just been integrated into the blockchain (KARATCOIN) in order to leverage on its disruptive features to design a platform with a project that is backed by Gold, with the aim of bringing together both the centralized and the decentralized world thereby promoting the popularity and adoption of blockchain technology.

It will interest you to know that since the invention of the blockchain technology and cryptocurrencies about 10 years ago, a lot of projects in different sectors of the global economy hasve been integrated into this innovative technology. Although a large percentage of the world’s population is yet to accept , embrace and adopt this technology ,I am convinced that with projects like KARATCOIN coming into the picture , there will be a drastic transformation which will lead to mass adoption of the blockchain technology and cryptocurrencies in the nearest future.

Helping the world through the karatcoin foundation

WHAT DOES KARATCOIN STAND FOR?

KARATCOIN is an innovative project designed by a Team of seasoned professionals and experts in different related fields with the aim of creating a platform where users can save, trades and exchange Karatcoin tokens, Gold certificates and other digital currencies with the use of unique Gold cards. Please visit the white paper https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_WP.pdf and well designed website https://karatcoin.co/ for details.

THE UNIQUE OBJECTIVE OF KARATCOIN

I will like you to let you know that KARATCOIN is not just any other project on the blockchain, but the idea was borned out of a great zeal to revolutionize the financial world by creating a product which is useful, safe,secure and user friendly on a unique private blockchain based on EOS technology. Also, the Karatcoin Team plan to bring together into a single ecosystem every business assets, Gold refineries as well as Gold companies thereby offering a transparent, reliable, safe, effective and efficient business. This is one project every crypto enthusiast has been waiting for.

THE UNIQUE FEATURE AND OF KARATCOIN

Interestingly, KARATCOIN is a project that has been designed to make a difference in the cryptoworld by being the first project that is able to give out GOLD certificates to users for saving and it’s backed by real assets in form of Gold. There are therefore some unique features that make this project different which include but not limited to:

(i) LESS VOLATILITY: In the cryptoworld, volatility has become the major problem as investors lose money per second due to high price fluctuation in the market; this is the reason KARATCOIN is created and backed by Gold which is a real asset and a private blockchain which prevents it from being as volatile as other digital currencies in the market.

(II). THE PLATFORM IS GLOBAL: Whenever the gold is converted to crypto gold users will be to redeem it anywhere in the world. Also since the Raw material is left where it is mined, it helps to reduce the cost of transportation and related taxis.

(iii). GUARANTEED SAFETY: Good enough, with KARATCOIN users are able to store their physical Gold assets in vault and leave it as Gold certificates on the KARATblochain in their personal wallets, with this , their assets are safe and the value will greatly increase with time.

(iv). FASTER VALIDATION BLOCK TIME: unlike other blockchains, the transaction fees on KARATCOIN blockchain will be used as a returns for stakeholders rather miners which will enable the platform to guarantee security, consumes less energy and allows a validation time as fast as 10 secs .

UNIQUE BENEFITS OF KARATCOIN PLATFORM

With KARATCOIN customers are able to save and invest in digital currencies according to their desires. Users can trade, safe or hold KARATCOIN as a great asset. Also, the certificates given to users comprises of a constant maturity as well as semi- annual coupons which is paid in the KARATCOIN token.
KARATCOIN project will be made available in exchanges which will be developed on the KARATCOIN private blockchain. The Market place will be made up of a lot of products in the portfolio using a DPoS concensus. The DPos unique consensus will lead to some advantages such as:

Safety
High transaction speed
Incentives for holders of cryptocurrencies.

Users or holders of KARATCOIN will be able to earn fix revenue from the platform.

TOKEN DETAILS:
Token Name: Karatcoin token
Token symbol: KCD
Protocol: ERC 20
Type: Utility
Total supply: 1billion KCD
No. of token that was allocated for crowdsale was 370,000,000 KCD , tokens are completely sold out and ICO successfully ended.

THE ROAD MAP

CONCLUSION

I will make bold to say here that KARATCOIN project is one outstanding project I have seen recently on the blochchain technology. a project with currencies backed by Gold as real asset and the KARATCOIN foundation that is being planned by the KARATCOIN coin team will not only lead to a mass adoption of the cryptocurrencies and blockchain technology but will also revolutionize the entire global financial economy and add value to lives generally. Since this article cannot capture all the unique aim, features and benefits of KARACTCOIN project, I advise readers to also read the self explanatory KARATCOIN white paper https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_WP.pdf and well designed website https://karatcoin.co/ for more information on how to be a part of this great crypto revolution.

THE TEAM AND THEIR PROFILE