What is KaratCoin Project?
Karatcoin’s Platform is directly linked to operational gold mines that will receive financing to help increase their gold production.The more Karatcoin’s 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 Karatcoin’s technical & legal team have been carefully analyzed for their production ability,operational background,structural credibility, as well as their financial rating.
Karatcoin lets you trade gold certificates on the Ethereum blockchain. Find out how it works today in our review. Karatcoin’s creators talk about how they want to do more than just digitize gold certificates: they want to create a new economy complete with decentralized financial 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.
Let’s take a closer look at how Karatcoin works.
Karatcoin Vision:
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 Ðapp 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.
What Problems Does Karatcoin Seek to Solve?
Karatcoin sees a number of problems in today’s gold markets. Here are some of the problems identified in the Karatcoin whitepaper:
Difficulty in Finding Gold:
Karatcoin’s whitepaper explains that “gold mines cannot guarantee the necessary supply” of gold, especially for larger orders from the marketplace. They’re struggling to mine an adequate amount of gold to keep up with market demand.
Bond Value:
The bond market is producing historically poor yields.
Difficult to Store Gold:
Storing gold isn’t easy. Many investors fail to create adequate security systems to protect their gold.
Karatcoin Goal:
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.
Karatcoin Mission:
Karatcoin’s Platform is directly linked to operational gold mines that will receive financing to help increase their gold production. The more Karatcoin’s 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 Karatcoin’s 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 Products:
Karatcoin will offer three main products, including certificates, cards, and tokens.
Gold Certificates:
Karatcoin’s 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.
Gold Cards:
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 to trade for other cryptocurrencies.
How Does Karatcoin Work?
Karatcoin aims to solve all of the problems listed above. Some of the core functions of the ecosystem include:
Direct Links to Gold Mines:
Karatcoin’s platform will link directly to gold mines. Karatcoin claims to have already selected a number of mines based on their “ability, background, structural credibility and financial rating.” Karatcoin also claims there’s no intermediary involved in the process: they invest directly in 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.
Smart Contracts:
Transactions between Karatcoin and investors will be managed by smart contracts.
Karatcoin’s whitepaper mentions gold mining operations in South America and Africa. The whitepaper doesn’t mention any specific companies or mines in any of the listed countries. It’s 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.
Team:
Roadmap:
Token Sale Detail:
The Karatcoin token sale will consist of a pre-sale and a main crowdsale. The pre-sale is a private sale only for approved 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 the ICO.
For more information:
Website: https://karatcoin.co/
Telegram: http://t.me/KaratcoinGroup
Twitter: https://twitter.com/KaratCoins
Facebook: https://www.facebook.com/karatcoin.co/
Author: tinhkhuat
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373
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