The KaratGold Coin is a blockchain-based cryptocurrency that is linked to physically deposited gold in the form of the so-called CashGold. A certain number of KaratGold Coins can be exchanged for the appropriate amount of CashGold at any time. The KaratGold Coin is designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium. Globally, customers on the one side, and merchants and servicers on the other side, rely on the value of gold. In former times, gold was a direct payment means, particularly in the form of gold coins. However, Gold has continuously been replaced by bank notes, which nowadays are not, or only to a marginal percentage, backed by state-owned gold. Therefore, the value of the bank notes issued by the different countries rely on the trust that the respective country can pay its bills, only this is less sure than in former times. Especially in less developed countries, the trustworthiness of legal tender moves towards zero.
Their objective is to create a groundbreaking organization that blends the centralized and decentralized worlds perfectly. Their ambition is to create a multipurpose project destined to become a major market player that embraces constant and evolutionary growth.
There are no geo-restrictions, once the gold has been turned into crypto-gold, you can redeem it in any country*. Costs related to transport and related taxes are minimized by leaving the raw material in its place of origin.
Store Physical Gold
You can safely store Physical Gold asset in vault and keep it as Gold Certificates in your wallet on the Karat Blockchain, the gold is safe from political influence and will preserve and increase its value over time.
Fees will be used as returns for stakeholders instead of miners. This means a faster validation block time (10 secs), less power consumption and more security.
Backed by a Real Asset
Karatcoin is less volatile than other crypto-currencies because it’s indirectly linked to a real asset with an owned blockchain.
Earn Fixed Revenue
Gold Certificates are safe investments. Their Certificate gives you 2 half-yearly coupons with up to 6% interest.
Gold Mines Profits
Vote for the gold mines to be financed and participate to the active interests that will be perceived from funding given to the selected mines.