Gold has become an investment object, attention to the yellow metal is growing rapidly. From a general commodity exchange, gold will become a means of exchange and payment, in the universal equivalent it is a direct route to a revolution in the economy.
The decentralized area is novel and is defined as a project still in its infancy, but with tremendous development opportunities in most areas of the economy. Karatcoin combines world-centric and decentralized, creating a platform based on Blockchain technology that directly relates to gold mines (where development and precious minerals).
What is Karatcoin?
Karatcoin gold certificate on Ethereum blockchain. You can use Karatcoin to store your gold certificate in your regular Ethereum wallet.
In the article, Karatcoin creators talk about how they want to do more than indexing gold certificates: they want to create a completely new economy with decentralized financial services, distributed applications, and more and more. All of these services will use Karatcoin as a token.
The platform was developed by Dreammy, an Italian-based music-sharing service.
Let’s take a closer look at how Karatcoin works.
How does Karatcoin work?
Karatcoin aims to address all of the issues listed above. Some of the core ecosystem functions include:
Direct link to gold mine:
The foundation of Karatcoin will be linked directly to gold mines. Karatcoin claims to have selected a number of mines based on “capabilities, foundation, structural reliability and financial rank.” Karatcoin also claims no intermediaries involved in the process: they invest directly in gold mines.
Bond yields range from 5 to 6%:
Karatcoin will issue “Karatcoin Gold Property Certificate” with different maturity dates. These bonds will pay 5–6% of their yield depending on their maturity. A one-year bond, for example, pays interest at 5% per annum and 5-year bonds pay interest at 6% per annum. Profits are paid every six months until maturity.
Smart contract:
The deal between Karatcoin and the investor will be managed by smart contracts.
Karatcoin’s report addresses gold mining in South America and Africa. The white paper does not mention any specific company or mine in any of the listed countries. It is just a list of the top gold producing nations in both regions.
Basically, Karatcoin will keep the gold for you, and then you can maintain the digital control of that gold through products such as gold cards and gold certificates.
KaratCoin Discounts
The Karatcoin token sale will include pre-sales and major crowds. Pre-sale is sold exclusively to approved investors. The sale will take place in 15 days in the first quarter of 2018.
The crowd, meanwhile, will start 30 days after the sale ends. It will last for 30 days.
A total of 15 million cards will be sold during pre-sale and the crowd will cost $ 3, although bonuses are available throughout the ICO.
ICO application
It’s definitely on Karatcoin high to create a decentralized gold market application by allowing gold traders and suppliers to set up tokens for the same metal under an encoding token, creating out a stable and liquid market.
Products of KaratCoin
From the Karatcoin product portfolio, customers can maintain a form of savings as well as invest in electronic money. The investment suits their personal needs, from the most active ones, who want to trade electronic money from Karatcoin, to the most conservative who wants to accumulate safe haven assets like gold.
The KaratCoin Project Development Team
Karatcoin is being developed by a company called Dreammy. The company is a music storage platform based in Italy. Dreammy is led by co-founders Simone Orso and Claudia Busato. Dreammy was established in 2014, with the Karatcoin project launching in June 2017.
Karatcoin has an experienced team ready to make this project a reality. The Karatcoin team combines a unique team of experts in the areas of cryptography, distributed computing, mobile technology and large scale application development for consumers, creating many award-winning applications.
Over 6 years of specialized experience in Blockchain, PHP and JavaScript technologies. Here are some typical members:
To promote the project successfully, Karatcoin launched ICO (Initial Coin Offering). Become a member of the project by purchasing KBC standard ERC-20 tokens.
Also at certain stages there are bonuses when buying KCD:
Karatcoin Roadmap
Conclude
Karatcoin is an electronic money project seeking to put gold certificates into the Ethereum series. The platform will digitize your gold stock, then let you keep them in your Karatcoin wallet on your mobile device. You can freely trade Karatcoin token (KTC) and gold certificates through the application.
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