Karatcoin - The Future of Gold Crypto Asset

Karatcoin is The Future of Gold Crypto Asset

Karatcoin allows open and public authentication of all asset documents stored in a decentralized database through our Proof of Asset (PoA), a protocol designed within the EOS Blockchain by integrating the IPFS (Inter Planetary Files System) to trace the entire authentication path through its chain of custody.

The decentralized world is remarkably new. The birth of the blockchain dates back to 2008, but it has only evolved with real applications in the last few years (especially with Ethereum). As such, it is identified as a project still in its infancy, but with enormous development opportunities in almost every sector of the economy. But being in a continuous state of evolution and process transformation also opens the door to constant and ever greater attempts to champion any kind of idea that very rarely turns into a valid project with long-term viability.

Our objective is to create a groundbreaking organization that blends the centralized and decentralized worlds perfectly. Our ambition is to create a multipurpose project destined to become a major market player that embraces constant and evolutionary growth.

The Karat Foundation will be established in accordance with the UN Guiding Principles on business and human rights, which emphasizes better control and surveillance work to ensure that gold is sourced responsibly and ethically.

All the members and staff of the Foundation are well aware of the consequences of illegal gold mining not only at the local level, but also the fact that labor exploitation and extortion by organized crime groups impact the gold market on the global level as well.

Our vision is to increase mining gross domestic production and ensure that a large part of that production is dedicated to significant social and economic change.

Karatcoin Features

Our objective is to create a groundbreaking organization that blends the centralized and decentralized worlds perfectly. Our ambition is to create a multipurpose project destined to become a major market player that embraces constant and evolutionary growth.

• No Geo-Restrictions - 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.
• Dpos Consensus - 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. Our 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.

DPOS Consensus

Karat Blockchain uses DPoS consensus (Delegated Proof of Stake) that allows for better performance, and less power consumption than any other blockchain consensus.

Karatcoin uses the Delegated Proof of Stake (DPoS) consensus for quality control efficiency. DPoS allows delegated block producers and voters to sustain the network for content distribution.

The delegates are in charge of validating transactions and relaying blocks. Voters can also monitor the uptime to ensure participation in block propagation. Delegates that get “voted out” no longer receive rewards and voters are incented to participate by receiving a part of the rewards.

Documents Immutability

All transitions are stored in a public ledger inside the Karat Blockchain, and all asset documents are stored as images in the IPFS (Interplanetary File System) to guarantee their immutability (thus giving everyone the opportunity to check and verify them).

Files uploaded on an IPFS server are permanent due to their unique identifier but become persistent once the files are shared over the network and are kept in use through pinning.

Our Products

Our products will be available in a marketplace developed inside our blockchain, and it will also be the first to have a comprehensive product portfolio along a DPoS consensus that will allow a triple advantage in validation speed, safety, and rewards for cryptocurrency holders.

Karatcoin’s Platform is directly linked to operational gold mines that will receive financing to help increase their gold production. The more Karatcoin’s financing increases, so will the aggregated gold production of our mines, which in turn will increase the value of circulating Karatcoin tokens. All the mines selected by Karatcoin's technical and legal team have been carefully analyzed for their production ability, operational background, structural credibility, as well as their financial rating (no intermediaries are involved in the verification process). These mines will pay the interest due with physical gold extraction (doré gold bars, gold nuggets, gold dust, etc.) which will be stored at the official refinery and turned into gold ingots on our behalf.


For Infomation

Website: https://karatcoin.co/
Whitepaper: https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_WP.pdf
ANN: https://bitcointalk.org/index.php?topic=4932340
Twitter: https://twitter.com/Karatcoins
Facebook: https://www.facebook.com/karatcoin.co/
Telegram: https://t.me/KaratcoinGroup