What are the main challenges facing the mining industry?
Regulation, losing their license to operate, environmental and social challenges created by their mining operations
Will the price of the token be tied to precious metals?
Nope, it will be related to the considerable value it brings in terms of auditablity, transparency and traceability to the entire precious metals and mining supply chain, the size of the market ($680bn), and desire by those in the supply chain to adopt these practices.
Can I buy precious metals by paying with your tokens? Who is testing a sample of these metals?
No
The miners will work with us to test how blockchain tracks and traces metals from extraction to the end product.
Is it necessary to track the place of origin of certain precious metals?
Is this an opportunity to combat child labor?
Absolutely, only blockcchain can allow you to have data integrity so you can reliably track from provenance
Absolutely, illegal miners practices harm families, communities and the future generations. By adopting our blockchain solution, miners can't tamper with their data, and such practices would be exposed if they don't change. Especially important in artisinal mining.
Does your project have business angels? I wonder if your project is supported by large investors or venture funds?
Angel investors, we have around 120 who have contributed approx $1.9m so far.
Do you plan to redeem tokens and burn them?
This usually contributes to an increase in the price of tokens.
Yes, to ensure the value for existing token holders is not diluted.
That is, in your roadmap, you have mistakenly indicated that IEO is already completed?
It was originally planned for Nov, we opted to delay to the 13th Jan on LATOKEN as we brought on a new advisor who is drumming up some pretty significant players who are interested in Karus.
https://exchange.latoken.com/ieo/KRSThe roadmap states that IEO was in November. Is this irrelevant information?
It was originally planned for Nov, we opted to delay to the 13th Jan on LATOKEN as we brought on a new advisor who is drumming up some pretty significant players who are interested in Karus.
https://exchange.latoken.com/ieo/KRSWhat does Crypto Chain Uni do?
Why do you think they will be useful for the Karuschain project?
Crypto Chain University is the leading non-profit research-only institute, focused on the public policy issues facing blockchain, cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum.
The University, established in 2010, is one the oldest academic repository for research and education of Crypto and Blockchain in the world, and has a following of thousands of followers since its founding.
The Bitcoin Man, who founded the Uni is our new advisor and is a prominent crypto influencer. His involvement will be extremely positive to our business and fundraise.
Can gems be tracked through your blockchain?
They can but this is not our focus at this stage as there are others already doing this.
Will the tokens allocated for the team be blocked for 2-3 years or will the team be able to use them right away?
All team and advisors have vesting periods, from 3 months to 1.5 years to fully vested
If you add too many assets to your blockchain, will there be problems with scaling your network?
No, everything will be ok. Our network will copy with this load
Will blockchain verification of a precious metal deposit be paid or free?
Paid, we are operating on a Saas type model, and fees charged will depend on value add provided. the more value add, the more we can charge.
Will blockchain transaction fees be paid using the KRS token?
Yes
