ABSTRACT

The value and exchange potentials of gold over the years cannot be over-emphasised as its no longer news that it is a good commodity which serves as an excellent store of value, provides perfect medium of wealth distribution and also aligns prosperity with the earth’s natural limit. This is a strong reason investors have developed strong will in investing on gold bullion bars which not only protects their wealth but also secure their purchasing power over a long time with less risks as it is not being by the banking system.

However we need not deny the fact that gold investments comes with a whole lot of bureaucracy with additional complications from the government, this makes investors realise less interests on their investments thereby serving as a means of discouragement.

The problem solving potentials of blockchain technology is second to none ranging from transparent transaction processing to its decentralization property which eradicates the control of peoples funds through central agencies such as been practised in the banking sector where funds are been monitored and controlled centrally. This brought about a massive influx in cryptocurrency investment thereby causing a large increase in its market capitalization.

However, there has been a massive decline recently in this market capitalization as a result of warnings been sent out by governments of some particular nations against investment in cryptocurrencies which was responsible for selling out of various cryptocurrencies by investors thereby causing an overall decrease in cryptocurrency values. Nevertheless, there are still several global sectors adopting this technology in their operations. This makes it clearly evident that in recent years to come, blockchain technology will be a worldwide accepted technology.

In the light of bringing an end to these challenges been faced by gold investors, Karatcoin has brought a lasting solution to this sector.

INTRODUCING KARATCOIN

Karatcoin is a decentralized blockchain based platform that offers the buying and selling of gold related financial products.

This platform is a non-profit organisation with the sole aim of establishing a protocol with code of conduct which defines fundamental points that allows mining company joined to the foundation to easily move to next developmental phase (acceptance of funding application with continued approval process and related accreditation).

WHY KARATCOIN?

• First project that issues gold certificates for saving
• Based on real asset (Gold)
• Develops its own EOS based blockchain with Delegated proof of stake consensus, easy exchange gateways, and 10 seconds for block.
• Blockchain with better decentralization than Bitcoin, more security and less power consumption.
• Usage of fees as returns for stakeholders instead of miners
• Close partnerships with referenced refineries for gold supply and its storage in Europe.
• Less volatile token (KCX – Karat Blockchain token) because of its indirect link to real asset with its own blockchain.
• Integration of blockchain with Bancor protocol which affords the owners the opportunity of continuous liquidity
• Use of KCX as stakes for validation of blockchain blocks.
• Members of the platform will have the added advantage of benefiting from interest income from financing.

Karatcoin team is made up of competently experienced personnel’s with high level of experience in technological sector and financial sector.

KCD (Karatcoin Dao Tokens) is created during the token sale (ERC20 based) and shall be distributed. However, this token shall be swapped to Karat Blockchain Tokens immediately the blockchained is fully ready in the ratio 1:1.

Moreover, there shall be a decentralized gold market application by gold traders and providers which will tokenize same metal under a crypto asset token, thereby generating highly liquid token.

TOKEN DETAILS:

Token Name: Karatcoin Token

Token symbol: KCD

Protocol: ERC 20

Type: Utility

Total supply: 1Billion KCD

TEAM

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Author bitcointalk username: amusanmikel2
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