When Blockchain backed the First Hype of Currency, the Gold
It's no wonder why people are such a skeptic in decentralization as they would want their money to be backed by something establised, like fiat or gold. But what if you have that in Blockchain? Introducing Karatcoin, the blockchain that will be supported by the real life value of true asset, the financial all star commodity, Gold.
You see, many people are not that sure how will cryptocurrency will manage its growth day by day and in the future as there are many speculations and volatility going on in this new market. So many financial institutions are finding ways to make it realistic for the eventual mass adoption. It's truly the aim of Crytocurrency, to be supported by many people as possible to be sustainable. That's why Karatcoin has introduced an idea that can be make this possible. genius
Here's the thing about it. They will integrate gold asset into blockchain technology. Yes this is not new as many assets either digital or real life assets are being introduced to the crypto space or even digitally. But this is going to be big in my belief since we are talking about the real deal here, the primary commodity for financial instrument that is also backed by the USD itself and mostly all countries with their main currency.
Karatcoin wants to combine a centralized aspect of gold investment and the decentralized activity of blockchain into one perfect synced opportunity to diversify a unique business plan. Not a good idea but think of many exchanges that has some degree of it whether its decentralized or not. They are putting their technology in a wise way financially speaking.
The main thing that Karatcoin will do is to introduce a decentralized gold market application aside from its natural usage such as jewelry, computer fillings and just a stored high valuable currency being kept on the vault. Gold traders and mining companies will likely venture with tokenization of gold physical form into a crypto asset digital fund in which will both have same value that has potential to generate high liquidity and increase gold value in a different way that you can imagine.
Look all the features that KARATCOIN has yet to offer in their platform....
NO-GEO RESTRICTION - means, physical gold will be converted into digital gold whereas can safely transfer or received worldwide. What is the advantage of it? The gold equivalent of it stored on its origin keeply safe and taxes are deducted in the transaction of it. How cool is that?
STORE PHYSICAL GOLD - Instead of bringing the gold in some store for transaction, Karatcoin will issue a Gold Certificates that connected in the blockchain wallets which is far and safe feom political influence. Talking about physical proof.
DPOS CONSENSUS – This is the consensus mechanism used by EOS which managed to uphold 5k tps and lower fee. Good decision the team utilize this for karatcoin ecosystem. Not to mention they can be earlier to implement this than the ethereum itself.
EARN FIXED REVENUE - By having gold certificate, based on the business model the users will received 2 half-yearly coupons with up to 6% interest. This is good to hear for conservative investors that want to get assets with fixed return.
GOLD MINE PROFITS - This is one of the cream of pie for me, since the hodlers of karatcoin will be entitled to vote for gold mining firm to finance which will serve as a leverage income once the gold mine already operating. Voting is really the trend now to be as much as possible, decentralized.
These are only the tip of the iceberg, if you want to know more here's the link to their whitepaper for complete information: https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_WP.pdf
Also if you want to dig dive into their project, you can always visit Karatcoin channels and official links here:
Website: https://karatcoin.co/
Bitcointalk Announcement Thread: https://bitcointalk.org/index.php?topic=4932340
Whitepaper: https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_WP.pdf
Telegram: http://t.me/KaratcoinGroup
Medium: https://medium.com/karatcoins
Facebook: https://www.facebook.com/karatcoin.co/
Twitter: https://twitter.com/Karatcoins
Github: https://github.com/DreammyOrg/Karatcoin
Inked by:
Bitcointalk name: cuenzy
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1140258