As the world is moving towards a cashless society, the demand for digital currencies is on the rise. Karatcoin, a London-based startup, is using blockchain technology to revolutionize the gold market. With their mission to link operational gold mines with investors, Karatcoin aims to increase gold production and the value of its circulating Karatcoin tokens. In this startup showcase, we will explore how Karatcoin is changing the game when it comes to investing in gold.
Transparency and Security Through Blockchain
At the core of Karatcoin’s platform lies the distributed ledger technology, also known as blockchain. By using this technology, Karatcoin ensures that all transactions are transparently and chronologically stored on every computer. Furthermore, the use of blockchain technology eliminates the need for intermediaries, making the process more secure and cost-efficient.
Unlike other cryptocurrencies, Karatcoin is backed by physical assets – gold. Karatcoin’s Proof of Asset (PoA) protocol integrates IPFS, a decentralized file storage system, to authenticate all asset documents and store them in a decentralized database. This ensures that every gold asset certificate, gold card, and Karatcoin token is verified and secured.
Investing in Gold has Never Been Easier
Karatcoin’s investment model is straightforward – investors provide financing to operational gold mines, which in return guarantees a certain amount of gold production. Karatcoin’s technical and legal team examines and selects the mines based on their production ability, operational background, and financial rating. The added benefit of investing in gold is that it is a stable and valuable asset, making it an excellent long-term investment.
Investors can own gold in three forms through Karatcoin – gold asset certificates, gold cards, and Karatcoin tokens. Gold asset certificates represent a minimum value of $1000, with returns between 5% to 6%. Gold cards are used to store crypto-assets, with the added benefit of being backed by physical gold, increasing asset value in the long run. Karatcoin tokens, KCD, are ERC-20 Standard DAO tokens that will migrate to the KC Blockchain, with KCX tokens representing the currency used on the KC blockchain.
Karatcoin’s Unique Safehouse Vaults
Gold is a valuable commodity, and storing it safely is of utmost importance. Karatcoin has secured its gold assets in its unique Safehouse Vaults, which are safe from political influence. The Safehouse Vault is also insured, and the added layer of security ensures that the gold is stored safely and securely.
The rise of digital currencies and blockchain technology has opened up a world of possibilities in finance. Karatcoin’s unique use of blockchain technology to secure and authenticate gold assets makes it an exciting investment opportunity. The added security, transparency, and low entry costs make gold investment accessible to a broader range of investors.
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