Karatcoin: Bringing Gold on to the Blockchain
GOLD is one of the precious mineral resources whose demand is expanding and because of different variables, the gold mines can't guarantee the essential supply, particularly for enormous orders.In the centralized market, the security right currently resembles a speedometer that is badlyBond market no longer behind 'deflation curve'One of the real drawbacks in a traditional debt-backed currency system is the likelihood of backers defaulting on their contractual obligations. The larger part of investors who buy gold do as such in the conviction that it is "the one asset which is nobody else's liability."
The Karatcoin Project is a consultancy system that centers around the advancement and mining development of painstakingly chosen gold mining organizations. We will probably construct a platform to trade gold certificates, exchange Karatcoin tokens, and in addition spare and exchange currency utilizing gold cards.We will manufacture a platform where a great many investors can go to locate the best gold chances to invest, trade, and exchange without worrying about traceability.
Karatcoin's Platform is straightforwardly connected to operational gold mines that will get financing to help increment their gold creation. The more Karatcoin's financing increments, so will the collected gold generation of our mines, which thus will expand the benefit of flowing Karatcoin tokens. Every one of the mines chosen by Karatcoin's specialized and lawful group have been precisely broke down for their creation capacity, operational foundation, auxiliary believability, and in addition their budgetary rating (no go-betweens are engaged with the confirmation procedure). These mines will pay the enthusiasm due with physical gold extraction which will be put away at the official refinery and transformed into gold ingots for our sake.
Karatcoin will make a decentralized gold market application by empowering set up gold traders and suppliers to tokenize a similar metal under one crypto-asset token, producing a highly liquid and stable market. We will make an extensive, free, decentralized and effectively versatile gold market not obligated to any focal government association, enabling different gold traders and suppliers to utilize a solitary convention to tokenize gold for every one of their needs.
The Karatcoin ecosystem codebase will be discharged under the MIT License to guarantee any system member can broaden and adjust the platform for its particular utilize cases.
The DApp comprises of:
• Blockchain
• Wallets
• Smart-contracts
• Marketplace
Karat Foundation
The Karat Foundation will be set up as per the UN Guiding Principles on business and human rights, which underscores better control and observation work to guarantee that gold is sourced mindfully and morally.
Every one of the individuals and staff of the Foundation are very much aware of the results of unlawful gold mining at the nearby level, as well as the way that work abuse and blackmail by composed wrongdoing bunches affect the gold market on the worldwide level also.
The Karat Foundation will characterize solid activities with the end goal to keep the danger of subjugation and human trafficking inside its budgetary tasks, which are pointed basically at medium/little gold mines.
Karatcoin DAO Tokens (KCD)
KCD is the coin token that will be made amid the Token Sale and conveyed on Ethereum (ERC20 Standard Smart Contract). It will relocate to the Karat Blockchain in a 1:1 proportion once the Blockchain is prepared.
Karat Blockchain Tokens (KCX)
KCX is a cryptographic money that is a quick and agreeable installment technique with an overall extension; it's private and sufficiently mysterious to fill in as installment strategy for a few markets and some other monetary movement. KCX will give proprietors the privilege to vote in favor of the considerable number of exercises of the Karat Foundation (counting the decision by vote of the gold mines to be financed), and additionally the operational and raising support exercises that the Foundation accommodates taking an interest mines and their encompassing networks.
GENERAL INFORMATION
》 Karatcoin DAO Token (KCD) is a fully ERC-20 compliant Ethereum utility token and will be available in exchange for Ethereum (ETH) contributions
》 Total number of KCD Tokens that will be generated during the distribution are 1billion equivalents to $100,000,000.00
》 Number of KCD Tokens that will be allocated for the Crowdsale are 370,000,000 KCD (37%)
》 Token Crowdsale (Presale + ICO) Hard Cap: ETH in equivalent of $25,000,000.00
》 Soft Cap: ETH in equivalent of $3,000,000.00
》 Offered Token exchange ratio: 1 KCD = 0.1 U.S. dollars
》 Contributions validation time will be communicated on the website coinmarketcap.com
For more information visit:
Website: https://karatcoin.co/
Whitepaper: https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_WP.pdf
Telegram: https://t.me/KaratcoinGroup
Medium: https://medium.com/karatcoins
ANN Thread: https://bitcointalk.org/index.php?topic=4932340
Authored by Solman: https://bitcointalk.org/index.php?action=profile;u=1903032