KaratGold is a venture of KaratBars International limited. KaratGold is the first cryptocurrency backed by physical gold and not just contracts. KaratGold launched its ICO on 15th February. It has successfully achieved its softcap in its pre-sale and by the end of the ICO campaign, it has achieved its hard cap as well. It is one of the most successful ICO campaigns ever with a collection of well over one hundred million US Dollars.
KaratGold Coin is the brainchild of Harald Seiz, a German entrepreneur, and financial industry veteran. The foundation of KaratGold Coin (KBC) was built by Harald’s first product CashGold. This is a user-friendly payment system where small gold bars are represented on a specific type of paper resembling a bank note.
The ICO was a revolutionary idea which brought a fusion of gold and the crypto world. The vision & mission of the KaratGold Coin is to become convertible into CashGold within the KaratPay system and its participants around the world, through this becoming accepted by consumers as well as merchants and services worldwide. According to CEO Harald Seiz, the coin was designed to provide holders with a cryptocurrency that is backed by the value of physical gold. The coin's creators recognized that many ICOs were backed by nothing of real value. Instead, they are based on ideas only, which makes them highly speculative. KaratGold Coin is the first cryptocurrency backed by real, deposited gold.
Harald further explains:-
“The global acceptance and recognition of gold as a safe and secure harbor will make the Coin and the CashGold one of the leading payment alternative worldwide. Therefore, holders of Coin will not only enjoy protection against inflation and vague governments and economies but also have the opportunity to participate in the value increase which will be achieved in the future.”
Some of the key benefits of KaratGold Coin are:
- Related to 24-carat gold
- Appropriate quantities of KaratGold Coins are exchangeable into CashGold at any time
- Facilitation of real-time payments anywhere and anytime
- Cost-efficient
- Bitcoin and other cryptocurrencies can be used for the purchase of the KaratGold Coin
- Free and borderless transfer
- Increasing substantial number of points of acceptance
- Low fees payable by merchants for the use of the KaratGold Coin and the KaratGold Ecosystem
The ecosystem also comprises of KaratPay and the KaratGold Wallet. The former is an online platform that facilitates the electronic registration of the CashGold. On the other hand, KaratGold Wallet allows users to buy, sell, hold and manage different cryptocurrencies along with cryptonized assets.
Karatbars is pleased to announce that it is now listed on Hitbtc. Hitbtc is one of the leading cryptocurrency exchanges.
Some information about Hitbtc:-
HitBTC is the world’s most advanced cryptocurrency exchange. Since 2013, HitBTC has been providing markets for Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, USDT, and more than 300 cryptocurrencies in total. Created by outstanding technical minds, high-level finance professionals and experienced traders, HitBTC is delivering the most reliable, fast and powerful platform solution on the market. The platform has earned its reputation for fault-tolerance, flawless uptime, and high availability. Its core matching engine is among the best technological products in its class, offering traders a wide range of features such as real-time clearing and cutting-edge order matching algorithms.
It is one of the trusted exchanges. Yobit and Coinbe are the two other exchanges on which KaratGold is listed. The ICO is making a remarkable progress!
We are glad to announce that KaratGold is listed here.
We congratulate our every investor for this achievement.