Is not first project that is baked gold coin with real gold! Wha is special this project from other one? Where the team is coming from? thanks you guys
Yes, Digix is the first and we are really happy to have little in common.
Most of the people only see the word gold and associate it with all existing projects on the market without considering the differences in technology as well as of administrative.
Some of our strengths
● Karatcoin is a project based on a real asset (Gold).
● It’s the first project to issue gold certificates for savings.
● It will develop its own blockchain on top of the EOS Blockchain with these key benefits:
• DPoS Consensus
• 10 secs. for block
• Gateways for easy exchange
● Our own Blockchain uses the Delegated Proof of Stake (DPoS) consensus system that guarantees:
• Better decentralization than Bitcoin
• Less power consumption
• More security
● Fees will be used as returns for stakeholders instead of miners.
● Gold Certificate Coupons (an investment product with a fixed interest rate) are paid automatically via smart contracts semi-annually for the face value.
● Value of Gold Certificates are in dollars at a fixed price; this means that investors can save and protect their investments using our crypto-asset.
● With Gold Card (our wallet) it’s possible to trade physical gold.
● You can keep your deposit in Gold Card as physical gold deposited in the safe vault of the Gold Refinery and redeem it whenever needed; transactions for this purpose will be performed on the basis of the BBO price.
● Karatcoin’s Blockchain is integrating the Bancor Protocol; this means that Karatcoin owners will gain access to continuous liquidity.
● The financial team has the skills to guarantee both profits and principal in order to invest the funds generated from the sale of tokens.
● At the moment Karatcoin, has close partnerships with referenced refineries to supply gold and its storage in Europe.
● KCX (Blockchain Coin) is less volatile than other crypto-currencies because it’s indirectly linked to a real asset with an owned blockchain.
● Gateways developed on our blockchain will give us the opportunity to create connections with banks and refineries, which will bring development opportunities such as creating debit and credit cards.
● KCX will give owners the right to vote for all the activities of the KARAT Foundation (which includes choosing the gold mines to be financed) and to the active interests that will be perceived from funding given to the selected mines.
● KCX will be used as a stake to validate blocks on the blockchain.
● KCG (GOLD Coin) is a stable crypto-asset that represents 1 gram of 99.99% LBMA standard gold secured in Safehouse Vaults; the gold is safe from political influence and will preserve and increase its value over time.
Regarding the team, I can tell you that this is a group of professionals hired after months of recruiting on AngelList
https://angel.co/karatcoin-1
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