Project Karatcoin. Innovative Solutions

ravshang71 (35)in #ico • 6 years ago (edited)

The Karatcoin project, plans to create a global blockchain infrastructure for investment in gold mining, as well as develop its own cryptocurrency token, which will be provided with gold. The creators of Karatcoin want to make investment in gold and storage of gold assets simple and accessible to all people on Earth. In addition, they plan to introduce charity work on the blockchain through the creation of a special fund.

The main essence of the Karatcoin platform will be to create a convenient environment for investors who want to keep their savings in gold. For this, several services and mechanisms will be implemented, based on blockchain and not only. The first and most important part of the economy of Karatcoin is their golden token - KTG. 1 coin of which will be equal to 1 gram of gold of 99.99% purity. This will be a stableblock, which will allow you to safely keep your savings and deposits, avoiding sharp jumps in the course to which other cryptocurrencies are subject, the value of which is ensured only by their investment and trading ability.

The next innovative solution offered by the creators of the Karatcoin project is the so-called gold card. It is a kind of bond, for which a certain gold reserve is fixed, which is stored in a secure vault, which Karatcoin and their partners provide for users. It is not even necessary to explain how difficult it is for an ordinary average investor to organize his gold depository, it is practically unrealistic. But for such a large company as Karatcoin, this is real and they are happy to share this opportunity with other people, allowing them to keep the gold bought for their tokens in their safes.

Gold certificates are provided for those who do not believe in the capitalization and investment abilities of real gold on the Karatcoin platform. These are savings accounts for investments secured by gold and the US dollar, with a fixed monthly interest and a limited period of validity of 6 months. In fact, these are the same bank deposits with monthly interest, only on the blockchain. Another investment option will be a gold savings plan, under which a certain amount will be charged off your Karatcoin monthly account and the system will buy gold for it. Profit will depend on short-term fluctuations in the price of gold bars.

To complete all transactions, trades and transactions on the Karatcoin platform, a special application will be used, in which more than 85 currencies (including more than 50 of the most popular cryptocurrencies) will be supported. With the help of the application, it will be possible to track trading rates, jumps in the gold price rate. At the same time, developers declare high speed and transaction processing, as well as work through SHA 512 encryption. The application is decentralized and multiplatform. You can already download the trial version from the official Karatcoin website.

About project token:

For domestic payments, a separate DAO token will be provided on the Karatcoin platform. With it, you can transfer funds to other users and organizations anywhere in the world. Also, the DAO token will be used for voting and collective decision-making on the Karatcoin platform, which is due to its decentralized blockchain structure. It will also be possible to vote for the choice of a mine or a deposit for gold mining, on which the Karatcoin economy will be built.

Conclusion:

I think the project Karatcoin has good prospects, as in their work to strive to use gold certificates through blockchain technology. By applying certificates, each user will be able to make investments and safely store their assets inside the platform’s wallet. And thanks to the use of the mobile application, it will be possible to trade without any obstacles with the available tokens on the KDC platform and certificates.