A lot of people believe that gold investment or gold saving is highly profitable. Not only the value of gold will remain consistent and stable in the long term, but the value itself is always increasing from time to time – instead of decreasing. It is no wonder if the gold investment is considered one of the most promising types of saving. However, such an investment does have its own flaws and downsides, but it is a good thing that Karatcoin have some solutions to address those downsides.
Some of the Common Issues
Here are some of the most common problems in the gold and investment industry
- The sector is dominated by a centralized system which means that the overall operation is controlled by strict and binding regulations, the main controller, and a complicated system. Foreign trading is difficult and it takes a long time to complete – mostly because of the regulations and bureaucracy.
- The existence of middlemen is responsible for the high price and rate, and it is a classic problem that has been around for decades. The middlemen are also responsible for the fussy implementation and complex process.
- There isn’t an effective or simple system that can provide an effective platform. in most cases, the investment is still relying on the traditional system, including a traditional way to keep the gold. Not to mention that mining can cause further environmental issues.
- Such an industry is still considered super risky – in terms that you can’t really be sure about the sanctity and purity of the transactions, including the saving.
How Karatcoin Tackles the Issues
To address some of the most common problems, Karatcoin has created a platform that is equipped with the latest technologies and advanced features.
- For a starter, this platform is running on a decentralized system encouraging peer to peer transactions and management. There won’t be any supreme ruler to control everything. Everything is controlled by the system (and the technologies), not by person. So there won’t be any ruler who can take advantage of the system.
- Because it is running on the decentralized system, anything is possible, including foreign trading and exchange. In fact, you won’t face any difficulties anymore when you are making cross-border transactions or deal.
- The platform introduces two major ways to gain profits from this platform. First, you can take part in Karatcoin investment where the real gold is converted into crypto gold. When you buy Karatcoin tokens (giving you the title of ownership), you can take part in the share. Second, you can keep the real gold in the vault, which will give you Gold Certificate. The real gold will be left undisturbed in the vault while you can still enjoy the share.
Major Functions of the Token
As it was mentioned before, you can gain access to Karatcoin tokens and reap the benefits. You need to go through KYC checking first to validate your identity. Once you pass, you will be able to enjoy the benefits – whether in unlocking the access, getting the profit share, and taking part in the decision making process.