Gold is a soft,shinny precious stones. Millions of jewelry ,necklace,bangles and wedding rings are traditionally made of gold.
These golds are so precious and their demands in the market is drastically increasing as the days passes and this increase is due to various factors and the gold miners cannot guarantee the necessary supplies of this golds and most especially for those that used to make big orders.
Millions of gold mining companies are seriously facing a big problem. Most of them are unable to find and develop enough ounces to keep up with the demand,for the simple fact that economic gold deposits are extremely rare.
However, the gold prise hits record level and major gold companies are facing declining production. Even some micro cap companies that discover large gold deposits are in the sight of cash rich gold mining companies seeking new reserves.
This challenges have been going on for the past years without any solution to it. So for these reasons that is why the Karatcoin platform was created to solve the ongoing problems.
THE KARATCOIN SOLUTIONS
The karatcoin platform is directly linked to operational gold miners that use to receive financial help to increase their production. So as the karatcoin financial income increases that is how the aggregated gold production of the miners will increase the value of the circulating karatcoin tokens.
These gold miners are carefully selected by the technical and legal team members and they where analyzed for their production ability,operational background ,structural credibility and financial rating.
They will pay the interest with their physical gold extraction which are gold nuggets and gold dust and they are stored at the refinery and then turned into gold ingots.
THE PLATFORMS VISION
The platform is an interesting one and it has many great concepts. So their vision is to create a people powered new economy that will focus mainly on decentralized financial services and this is to ensure that both stable aggressive investments are linked to market fluctuation and it will also fuel the financial collateral that is needed for future projects.
They will also create an ecosystem for the developers to be able to utilizes karatcoin tokens as a framework for various Dapp developments and this will accelerate the adoption of blockchain technology. However,their main goal is to build a platform that will be used to trade gold certifications,exchange karatcoin tokens and also save and exchange currency using gold cards.
THE KARAT FOUNDATION
This is established in accordance with the UN guiding principles on business and human rights and it lay emphasizes on control and surveillance work to ensure that gold is sourced responsibly and ethically.
So it is a none profit organization and its main objective is to establish a protocol with a code of conduct that will be able to define all the fundamental points that allow mining companies joined to the foundation to move to the next phase of development.
It will also collaborate with other organization that have same social purposes as well as government ,business and universities. They want to achieve highest rate of solidarity that will bring benefits to those group of people living in conditions of absolute poverty and exploitation and this is especially where the gold miners exist.
The platform will conduct analyses,studies and economic impact assessments of initiative in the fields of social economy and also national and international levels that whose aim is at developing socially effective public planing and business activities that will create social and ethical value for the communities they are working.
The platform will introduce charity fundraising campaigns through the online platform,events and conference will also be organized including gala dinners.
THE KARAT BLOCKCHAIN
The platform has its own blockchain that is safer than ethereum. This blockchain does not use turning complete smart contracts and it does not allow custom tokens and it will have high validation time blocks.
The platform will make use of delegated proof of stake (Dpos) consensus mechanism that is fast,efficient,decentralized and most flexible consensus model that is available. The platform is built on Eos technology which is a global effort with an ever growing population of hardcore and dedicated community developers.
CONCLUSION
The karatcoin platform is really an interesting system with so many great features and professional team members.
The platform is a none profit organization and their main objective is to establish a protocol with a code of conduct that will be able to define all the fundamental points that will give the miners the opportunity to join the platform and move to the next phase.
I will advice every investors to invest in this platform because it worth doing so. For more information just click on any of the following useful links and find out more details.
USEFUL LINKS
Website--- https://Karatcoin.co/
Telegram--- https://t.me/KaratcoinGroup
Facebook--- https://facebook.com/Karatcoin.co/
Twitter-- https://twitter.com/Karatcoins
Ann thread-- https://bitcointalk.org/index.php?topic=5018893.0
Author details
Bitcointalk username-- ifeoma
Bitcointalk profile link--- https://bitcointalk.org/index.php?action=profile;u=1616375