Karatcoin: A Decentralised Currency For Physical Gold Assets
In this ever changing world where everything is getting evolve rapidly, it is becoming very difficult to determine the originality and purity of any substance especially in the area of physical assets.
In the same vein, people are becoming more witty every day in the aggressive chasing of wealth, they are working hard and in a very smart way.
This thought of how to build wealth has led to the creation of many professions and ways of making money and it has thought many to invest in invest in many forms of physical assets.
Gold is one of these physical asset that has been an avenue for investment for centuries which dates back to thousands of years. But the truth is that currently, investing or acquiring of Gold is somehow difficult due to the centralized model of its acquisition. This result in many paper works and many other complex processes which makes this age-old investment very difficult for common investor. There is dire need of a system that's highly secure and transparent which will make the acquisition and investing in gold asset easy for all and this what brought this new blockchain startup which aim to be the world’s first decentralised Blockchain-based solution for physical gold, the name of the project is KARATCOIN.
Karatcoin is the first smart decentralized platform which focus of business is about business activities of physical gold asset which includes mining, storing and trading of it.
The objective of the project is to provide financial services with focus on gold market which includes gold development, improving mining process and gold mining companies. Through the platform, gold investors will be able to perform cross-borders trade of gold assets using Karatcoin token and also exchange currency with the use of gold cards.
Features Of Karatcoin
As indicated above, Karatcoin will be able to directly work with many companies around the globe that operates in mining and processing of physical gold which will be powered by trustless distributed ledger technology without the need of third-party intermediaries.Elimination Of Cross-borders Restriction: With the use of the Internet and blockchain protocol, the platform will be able to provide a hitch-free and cost-effective services that will not be limited by boarder of any country. Taxes and cost of transportation can be reduced by storing gold in its original place.
Physical Gold Storage: In a traditional centralized storage system, you pay more for storing your physical gold and gold bonds in the banks or any regulated institutions of government but through Karatcoin platform, you will be able to store your physical gold in a vault and keep it as gold certificate in your Karatcoin wallet with a certainty of higher increasing value in the long run.
DPOS Consensus Protocol: The blockchain is in the same model like that of EOS blockchain protocol. It uses the Delegated Proof-of-Stake (DPoS) for efficient performance, high quality control efficiency and reduced electricity consumption when compare with others blockchain protocols like Bitcoin and Litecoin.
Interplanetary File System (IPFS): All transactions in the platform are stored in a public verifiable ledger within the Karatcoin blockchain and the documents of all assets are stored as scanned image in the IPFS to guarantee immutability.
Less Volatility: Most Cryptocurrencies are known to be highly volatile and unpredictable but Karatcoin is less volatile and more stable because it is connected directly to a tangible asset and the pl also have their own blockchain.
Fixed Revenue: The issuing of gold certificate make it possible for investors to earn two semi-annual coupons passive income which is up to 6% interest.
Time will not permit me to elaborate more about this awesome project and the team behind it, I advise all my readers to check through the links that I will dropped below for more information about the project. The project is in the second to the last round of the token sale with possibility to save 30% discounts, remember this is coin that is backed by gold physical asset.
For more information about the project, check any of the links below:
https://karatcoin.co/#tokenSale
https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_WP.pdf
https://bitcointalk.org/index.php?topic=4932340
Written By Psec
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