Karatcoin: A Platform For Gold And Related Products On Blockchain
The beauty of blockchain technology cannot be overemphasized because it can be applied to a wide range of industries ( finance, health, workforce, e-commerce etc) due to its effective and efficient solution to the various problem of global economy. The financial industry has felt the most disruption due to the efficiency in transactions offered by blockchain thorough smart contracts creation that allows automated payment so far the conditions of contracts are met. Blockchain technology the underlying technology behind bitcoin and other cryptocurrencies, a technology that creates a world in which contracts are embedded in digital codes and stored in a transparent and shared database, in this database the codes are protected from deletion revisions and tampering offering the much-needed transparency, privacy, and decentralization. KaratCoin aims to explore the benefits of blockchain technology and decentralization to create a unique ecosystem, unlike numerous blockchain solution that applies solutions to digital commodities like data KaratCoin aims platform that will enable its users to trade gold certificates, exchange Karatcoin tokens, as well as save and exchange currency using gold cards. That is the simplest understanding of the vision of KaratCoin
KaratCoin Product Offering
The blockchain revolution is becoming a reality and KaratCoin aims to be at the forefront by taking this revolution to gold and gold product market a huge, untapped and a market with the high prospect for a huge growth. By breaking the barriers of the current centralized structure of the global gold market KaratCoin aims to deliver this solution by creating a decentralized where its users can trade gold certificates peer to peer. And also decentralizing the gold market by enabling Gold Traders to have access to the large marketplace on blockchain that facilitates secure trades in a cost-effective manner.
By tokenizing Gold using the Karatcoin, there will be high stability in prices, this will also bring more liquidity into the market. Another important solution by KaratCoin worth discoing is the fact that all geographical boundaries are eliminated with the use of KCD token Gold can be converted to token and users can have access to their assets any time any day, anywhere in the world. Karatcoin platform is built using a cutting-edge, advanced and efficient DPOS Consensus Protocol, this 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 it is more efficient and effective.
Karatcoin Token Detail
Just like most ecosystems on the blockchain. The Karatcoin Platform has its own native cryptocurrency called the KCD Token. Due to the efficiency and effectiveness of transactions on Etherum blockchain, KaratCoin decided to launch its ERC-20 token on Etherum blockchain. Some notable use cases of KCD tokens is that it can be used to access the numerous features on the platform such as the election of goldmines, a collateral for Karatloan and many other numerous features of the platform.
Token Details and Sale Information
Token symbol: KCD
Standard: ERC-20
Token type: Utility
Total token: 1,000,000,000
1 KCD = 0.1 USD
Soft Cap: 3M USD
Softcap Status: Achieved
Hard Cap: 25M USD
To Know More About Karatcoin Visit The Following Links
Website: https://karatcoin.co
Bounty Thread: https://bitcointalk.org/index.php?topic=5018893.0
Ann Thread: https://bitcointalk.org/index.php?topic=4932340.0
Whitepaper: https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_WP.pdf
Telegram: http://t.me/KaratcoinGroup
Facebook: https://www.facebook.com/karatcoin.co/
Twitter: https://twitter.com/KaratCoins
Author: jamisky
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2151951