KARATCOIN- FUTURE OF GOLD CRYPTO ASSET

daniwahyu007 (5)in #cryptocurrency • 6 years ago (edited)

What is Karatcoin?

Karatcoin gold certificate on Ethereum blockchain. You can use Karatcoin to store your gold certificate in your regular Ethereum wallet.

Karatcoin is a consultation system that focuses on the development and growth of mining from selected gold mining companies. The Karatcoin platform is intended to trade gold certificates, exchange Karatcoin tokens, and store and exchange currencies using gold cards, where millions of investors can find the best golden opportunity to invest, trade and exchange without worrying about traceability.

Karatcoin’s Platform is specifically connected to operational gold mines that will get financing to help increment their gold production.The more Karatcoin’s financing increments, so will the totaled gold creation of our mines, which thus will expand the benefit of coursing Karatcoin tokens. Every one of the mines chosen by Karatcoin’s specialized and lawful group have been painstakingly dissected for their creation ability,operational background,structural validity, and in addition their money related rating. Karatcoin tokenizes gold certificates on the Ethereum blockchain. You can use Karatcoin to store gold certificates in your ordinary Ethereum wallet.

How does Karatcoin work?

Karatcoin aims to address all of the issues listed above. Some of the core ecosystem functions include:

Direct link to gold mine:
The foundation of Karatcoin will be linked directly to gold mines. Karatcoin claims to have selected a number of mines based on “capabilities, foundation, structural reliability and financial rank.” Karatcoin also claims no intermediaries involved in the process: they invest directly in gold mines.
Bond yields range from 5 to 6%:
Karatcoin will issue “Karatcoin Gold Property Certificate” with different maturity dates. These bonds will pay 5–6% of their yield depending on their maturity. A one-year bond, for example, pays interest at 5% per annum and 5-year bonds pay interest at 6% per annum. Profits are paid every six months until maturity.
Smart contract:
The deal between Karatcoin and the investor will be managed by smart contracts.
Karatcoin’s report addresses gold mining in South America and Africa. The white paper does not mention any specific company or mine in any of the listed countries. It is just a list of the top gold producing nations in both regions.
Basically, Karatcoin will keep the gold for you, and then you can maintain the digital control of that gold through products such as gold cards and gold certificates.
KaratCoin Discounts
The Karatcoin token sale will include pre-sales and major crowds. Pre-sale is sold exclusively to approved investors. The sale will take place in 15 days in the first quarter of 2018.

Karatcoin Features

No Geo-restrictions
Once the gold has been turned into gold tokens (KCG), you can redeem it to fiat or to physical bullion gold through the withdrawal smart contract at any time in anywhere, without geo-restrictions.
Store Physical Gold
You can safely store Physical Gold asset in the vault. Each KCG (Gold Token) represents 1 gram of 99.99% LBMA standard gold securely stored in Safehouse Vaults, which means the gold is safe from political influence and increase its value over time.
DPoS Consensus
Karatcoin Blockchain uses Delegated Proof of Stake (DPoS) consensus mechanism which is the fastest, most efficient, most decentralized, and most flexible consensus model available. These delegates are assigned to run the network and are rewarded with block rewards. In addition, fees will be used as returns for stakeholders instead of miners.
With 10 seconds validation block time, the Karatcoin network will be one of the fastest in the industry.
Backed By A Real Asset
Karatcoin is less volatile than other cryptocurrencies because it’s indirectly linked to a real asset, which is gold, with an owned blockchain.
Earn Fixed Revenue
Karatcoin offers a safe investment product which is a gold certificate. Gold Certificate gives you coupons every six months with an interest up to 6%. Each Gold Asset Certificate has a value of 1,000 USD.
Gold Certificate Coupons are paid automatically (in KCG) through smart contracts every six months.
Gold Mines Profit
KCX (Karatcoin Blockchain Token) will give the owner the right to vote all Karat Foundation activities, including choosing a gold mine that will be financed and for the active interest that will be felt from the funds given to the selected mine.

Karatcoin Token

Token symbol: KCD

Standard: ERC-20
Token type: Utility
Total token: 1,000,000,000
1 KCD = 0.1 USD
Soft Cap: 3M USD (raised)
Hard Cap: 25M USD

ICO application
It’s definitely on Karatcoin high to create a decentralized gold market application by allowing gold traders and suppliers to set up tokens for the same metal under an encoding token, creating out a stable and liquid market.

Products of KaratCoin
From the Karatcoin product portfolio, customers can maintain a form of savings as well as invest in electronic money. The investment suits their personal needs, from the most active ones, who want to trade electronic money from Karatcoin, to the most conservative who wants to accumulate safe haven assets like gold.