In the world today, financial transactions are being decentralized at an alarming rate since the inception of Bitcoin and over a thousand other crypto-coins. Cryptocurrencies seems like an approved means of achieving the goal of ‘de-dollarizing’ the global economy.
The dominance of the United States in global economy and international matters has automatically made US dollar the reserve currency of the global economy. As every key financial player from all over the world operates in the US market, a slight disturbance will inevitably send an uproar across the financial atmosphere of the globe.
Since its inception, cryptocurrencies’ features and functions are being modified so that the question now is not whether it is disrupting the global economy but by how much and how the future will be impacted through these disruptions.
About Gold
Solid income growth is the most significant of the economic factor that has to be considered on the long run because it has always been the most valuable of gold demand.
In the world’s largest gold market, this will be seen as good news.
Investors, historically are turning to gold bullion bars to safeguard their wealth and secure their resources overtime.
What Karatcoin Beliefs
Gold is the only substance that has the properties of being a lasting exchange medium, therefore it can be utilized globally as a commodity and currency.
Karatcoin takes the threat of hacking as a disastrous impact on both the economy and the society.
This is the reason the application is built on top EOS technology with DPoS consensus, these affords the best level of security for platforms that do not rely completely on centralized security protocols.
Through this, all transactions are traceable and only the stakeholders can validate it on the blockchain.
Karatcoin Challenges
As demand is increasing, gold mines cannot guarantee the necessary supply especially for large orders
The bond value is unreliable right now, and if there is a serious deflect in the economy, it might not get better on time
-Majority of the investors are holding unto the unused gold due the belief that it is an asset that is no one’s liability
The Solutions
To combat these problems, Karatcoin platform aims at:
Linking directly to operational gold mines so that these mines will receive financing to increase their gold production.
Bonds will be yielded ranging from 5 to 6% depending on its duration
Processing automated smart contracts.
Operating on decentralized system so that with Karatcoin, money is kept in safe place.
Karatcoin Blockchain
The custom blockchain will be safer than Ethereum. It utilizes the Delegated Proof of Stake (DPoS) consensus and that in itself is the fastest and most efficient model available.
The future holders of the token will gain access to continuous liquidity regardless of trade volume or exchange listings
Karatcoin Tokens Sales and Distribution
The KCD is a fully ERC-20 Ethereum utility token and will be available in exchange for ETH contributions
Total numbers of KCD tokens generated during distribution are 1 billion equivalents to $100,000,000
Offered token exchange ratio is 1 KCD to 0.1 US dollars.
Hardcap — $ 24,000,000
Softcap — $ 3,000,000
Price per unit of token 1 KCD — 0.1 USD
participation — 3 KCD
Total released — 250 million KCD
Road Map
SEPTEMBER 2017 — the beginning of the development of the Karatcoin platform.
JANUARY 2018 — research and development
MARCH 2018 — white paper
MARCH 2018 — creating a business plan
JULY 2018 — presale with 30% bonus
AUGUST 2018 — demonstration dApp
SEPTEMBER 2018 — ICO, bonus with 16%
SEPTEMBER 2018 — blockchain development
OCTOBER 2018–1 ° collected funds for the allocation of physical gold
NOVEMBER 2018 — selection of requests for mines
MARCH 2019 — Karatcoin — full production
Project Team
Conclusion
The Karatcoin platform aims to build a platform where investors can go to find the best gold opportunities they can invest in and exchange without worrying about traceability.
Karatcoin is a consultancy system focusing on the development and mining growth of selected gold mining companies.
For more information about the Karatcoin Project and how the team intends to deploy its revolutionary technology towards solving real life issues, please access their resources by visiting their official channels below:
Whitepaper project: https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_WP.pdf
Official site https://karatcoin.co/
Participation https://karatcoin.dreammy.io/register
Telegram: https://t.me/KaratcoinGroup & https://t.me/KaratcoinBounty
Information channels and Internet resources:
Linkedin: https://www.linkedin.com/company/karatcoin/
Twitter: https://twitter.com/KaratCoins
Facebook: https://www.facebook.com/karatcoin.co/
Medium: https://medium.com/karatcoins
GitHub: https://github.com/DreammyOrg/Karatcoin
Angel: https://angel.co/karatcoin-1
Bitcointalk: https://bitcointalk.org/index.php?topic=5018893
ANN: https://bitcointalk.org/index.php?topic=4932340
Article Written By: Edmundo
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1443427;sa=summary