KARATCOIN: A DECENTRALIZED CURRENCY FOR GOLD ASSETS

in #cryptocurrency6 years ago

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INTRODUCTION
Gold is one of them but in reality, gold is not as easy as it appears in a centralized economy. This includes many documents & other complications imposed by the government and less attractive to your savings. We need a robust system that not only provides a high level of security but also transparency in transactions. This is the first smart & decentralized decentralized blockchain solution for physical Gold, therefore, giving birth to the amazing project called “Karatcoin”. What is Karatcoin?
Karatcoin is a project based on a real asset (Gold), It will develop its own blockchain on top of the EOS Blockchain. The platform will digitize our gold reserves, and you will be able to keep them in your Karatcoin wallet. You can also trade Karatcoin’s digital assets easily and gold certificates.
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KARATCOIN PLATFORM
Karatcoin platform offers to provide a sophisticated, trustworthy, and secure platform for trading gold certificates, exchanging KARATCOIN tokens, and also saving and exchanging currencies by using gold cards. Your Gold bar can be deposited in the vault or have a gold certificate in your wallet on KARATCOIN blockchain. The higher KARATCOIN’s money is, the higher the synthetic gold return, which will increase the cost of KARATCOIN.On a decentralized ethereal platform, Karatcoin Gold Certificates can be purchased with different maturity dates and semi-annual coupons corresponding to 5 to 6% interest depending on the maturity date. With the help of smart contracts, you can trade money, property, stocks or something of value in a transparent, conflicting way while avoiding the services of an intermediary. One of the benefits of using smart contracts is that the process can be automated. Therefore, if not reached, all amounts will be returned. KARATCOIN is a company that will bring gold certificates to Blockchain Ethereum.
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THE MINING
The mining system are carefully studied and selected with high purpose of analysis for their effectiveness, structural and the operations model. The process of moving provided by this setup will be supplemented with an interest that can be connected with the real life gold products which can be accessed at the original gold depot and of which can be converted to a gold ingots. The key difference between this establishment and the others is to make the crypto market a stable one. With this, I believe that the crypto world will reach a point of maximum acceptance by the masses. Therefore, it is a good idea if we all invest into the goodness of this adventure because it success means fortune to the digital space.

KARATCOIN CONSENSUS
Karatcoin uses DPoS consensus (Delegated Proof of Stake) that allows for better performance and fewer power consumption than any other blockchain consensus.Also, Karatcoin uses the Delegated Proof of Stake (DPoS) consensus for quality control efficiency, and this is because DPoS allows delegated block producers and voters to sustain the network for content distribution. These delegates are in charge of validating transactions and relaying blocks. Voters can also monitor the uptime to make sure participation in block propagation. Delegates that get “voted out” no longer receive rewards and voters are incented to participate by receiving a part of the rewards
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MISSION AND VISION

MISSION
Karatcoin’s Platform is directly linked to operational gold mines that will receive financing to help increase their gold production. The more Karatcoin’s financing increases, so will the aggregated gold production of our mines, which in turn will increase the value of circulating Karatcoin tokens. All the mines selected by Karatcoin's technical and legal team have been carefully analyzed for their production ability, operational background, structural credibility, as well as their financial rating (no intermediary is involved in theverification process). These mines will pay the interest due with physical gold products(doré gold bars, gold nuggets, gold dust, etc.) which will be conferred at the official refinery oforigin and turned into gold ingots on our behalf. Leaving the raw material in its place of origin protected in an authorized vault will minimize the costs related to transport and related taxes, thus optimizing transactions on our blockchain and allowing a more advantageous price for gold.

VISION
Karatcoin's vision is to create a people-powered new economy that focuses on decentralized financial services that ensure both stable and aggressive investments linked to market fluctuations, and which also fuel the financial collateral needed for future projects. At the same time, we will also create an ecosystem for developers to utilize Karatcoin tokens as a framework for various Ðapp developments, thus accelerating adoption of blockchain technology. The Karatcoin Project is a consultancy system that focuses on the development and mining growth of carefully selected gold mining companies.
Our goal is to build a platform to trade gold certificates, exchange Karatcoin tokens, as well as save and exchange currency using gold cards.We will build a platform where millions of investors can go to find the best gold opportunities to invest, trade, and exchange without worrying about traceability.

KARATCOIN TOKEN AND TOKEN INFORMATION
KTC is a digital currency for the Karatcoin platform. Each token will be the same as $ 3 gold. You can use KTC to buy gold certificates, buy gold cards, or trade for other cryptocurrency.
KTC Coins Rust Token Sales
Sales of Karatcoin tokens will consist of pre-sales and major crowdsale. Pre-sales are private sales only for approved investors. Sales will last for 15 days in Q1 2018. Crowdsale, meanwhile, will start 30 days after the end of the pre-sale. This will last for 30 days. A total supply of 15 million tokens will be sold during pre-sales and crowdsale at a price of $ 3 each, although bonuses are available throughout the ICO.

TOKEN DISTRIBUTION
Crowd-sales: 37%
Foundation: 33%
Team and Advisors: 30%

Token Sales Information:
Token Name: Karatcoin DAO Token
Ticker: KCD
Token Supply: 100 million KCD
Platform: Ethereum
Token Standard: ERC-20
Token Type: Utility Token
Soft Cap: $3 million USD
Hard Cap: $25 million USD
Exchange Rate: 1 KCD= $0.1 USD
Accepted Payments: BCH, USD, ETH, DASH, BTC, XMR, GBP
Country of Registration: The United Kingdom

ROADMAP
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CONCLUSION:
Having studied all the details of this project, it is safe to say that Karatcoin is a project that has great potential for development and growth. The project has already attracted great attention, as it has a promising direction and a strong team.

For more information on Karatcoin, visit the links below :
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 details
Bitcointalk username: Ibrash600
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1792223;sa=summary

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