Karatcoin’s Platform is directly linked to operational gold mines that will receive financing to help increase their gold production.
Posted November 11,2018 in Science and Technology.
Karatcoins Platform is directly linked to operational gold mines that will receive financing to help increase their gold production.The more Karatcoins financing increases, so will the aggregated gold production of our mines, which in turn will increase the value of circulating Karatcoin tokens. All the mines selected by Karatcoins technical legal team have been carefully analyzed for their production ability,operational background,structural credibility, as well as their financial rating.
Karatcoinlets you trade gold certificates on theEthereumblockchain. Find out how it works today in our review. Karatcoins creators talk about how they want to do more than just digitize gold certificates: they want to create a new economy complete withdecentralizedfinancial services, decentralized apps, and more. All of these services will use Karatcoin as a token.
The platform is in development by Dreammy, an Italy-based music sharing service.
Lets take a closer look at how Karatcoin works.
Karatcoin's vision is to create a people-powered new economy that focuses on decentralized financial services that ensure both stable and aggressive investments linked to market fluctuations, and which also fuel the financial collateral needed for future projects. At the same time, we will also create an ecosystem for developers to utilize Karatcoin tokens as a framework for various app developments, thus accelerating adoption of blockchain technology.
The Karatcoin Project is a consultancy system that focuses on the development and mining growth of carefully selected gold mining companies.
Karatcoin sees a number of problems in todays gold markets. Here are some of the problems identified in the Karatcoin whitepaper:
Difficulty in Finding Gold:
Karatcoins whitepaper explains that gold mines cannot guarantee the necessary supply of gold, especially for larger orders from the marketplace. Theyre struggling to mine an adequate amount of gold to keep up with market demand.
The bond market is producing historically poor yields.
Difficult to Store Gold:
Storing gold isnt easy.Many investorsfail to create adequate security systems to protect their gold.
Karatcoin's goal is to build a platform to trade gold certificates, exchange Karatcoin tokens, as well as save and exchange currency using gold cards.
We will build a platform where millions of investors can go to find the best gold opportunities to invest, trade, and exchange without worrying about traceability.
Karatcoins Platform is directly linked to operational gold mines that will receive financing to help increase their gold production. The more Karatcoins financing increases, so will the aggregated gold production of our mines, which in turn will increase the value of circulating Karatcoin tokens. All the mines selected by Karatcoins technical and legal team have been carefully analyzed for their production ability, operational background, structural credibility, as well as their financial rating. No third-party intermediary is involved in the selection and vetting process.
Karatcoin will offer three main products, including certificates, cards, and tokens.
Karatcoins gold certificates consist of the Proof of Authority (PoA) information permanently uploaded into the decentralized database. These gold certificates have a specific duration and a fixed revenue. Each Gold Asset Certificate represents $1,000 USD of value.
PoA Asset Gold Cards consist of the PoA information permanently uploaded into the decentralized database.
Karatcoin Tokens (KTC):
KTC is a the digital currency for the Karatcoin platform. Each token will be equal to $3 worth of gold. You can use KTC to buy gold certificates, buy gold cards, or totrade for other cryptocurrencies.
Karatcoin aims to solve all of the problems listed above. Some of the core functions of the ecosystem include:
Direct Links to Gold Mines:
Karatcoins platform will link directly to gold mines. Karatcoin claims to have already selected a number ofminesbased on their ability, background, structural credibility and financial rating. Karatcoin also claims theres no intermediary involved in the process: theyinvest directlyin gold mines.
5 to 6% Bond Yields:
Karatcoin will issue Karatcoin Gold Asset Certificates with different maturity dates. These bonds will pay 5 to 6% yields depending on their duration. A one year bond, for example, pays a 5% yield per year, and a five year bond pays a 6% yield per year. Returns are paid every six months until maturation.
Transactions between Karatcoin and investors will be managed by smart contracts.
Karatcoins whitepaper mentions gold mining operations in South America and Africa. The whitepaper doesnt mention any specific companies or mines in any of the listed countries. Its just a list of the top gold producing countries in both regions.
Basically, Karatcoin will hold gold for you, and then you can maintain digitized control of that gold through products like gold cards and gold certificates.
The Karatcoin token sale will consist of a pre-sale and a main crowdsale. The pre-sale is a private sale only forapproved investors. The sale will take place over 15 days in Q1 2018.
The crowdsale, meanwhile, will start 30 days after the conclusion of the pre-sale. It will last for 30 days.
A total supply of 15 million tokens will be sold during the pre-sale and crowdsale at a price of $3 apiece, although bonuses are available throughout theICO.
For more information:
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373