Our Vision Our vision is to create a people-powered new economy that focuses on decentralized financial services that ensure both stable and aggressive investments linked to market fluctuations, and which also fuel the financial collateral needed for future projects. At the same time, we will also create an ecosystem for developers to utilize Karatcoin tokens as a framework for various Ðapp developments, thus accelerating adoption of blockchain technology. The Karatcoin Project is a consultancy system that focuses on the development and mining growth of carefully selected gold mining companies.
Our Goal Our goal is to build a platform to trade gold certificates, exchange Karatcoin tokens, as well as save and exchange currency using gold cards. We will build a platform where millions of investors can go to find the best gold opportunities to invest, trade, and exchange without worrying about traceability. Our Mission 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 third-party intermediary is involved in the selection and vetting process.
The Karat Foundation seeks to support community and civil society organizational initiatives that aim to ensure benefits are enjoyed by all miners, while also ensuring that any negative impacts are avoided or minimized.
The Karat Foundation will be established in accordance with the UN Guiding Principles on business and human rights, especially conducting better control and surveillance work to ensure that gold is sourced responsibly and ethically.
Election of gold mines. DAO members can contribute by voting for projects (gold mines and profitable financial projects) they consider deserving. These votes, together with the due diligence made by the foundation's finance office, will provide for the gold mining to be managed responsibly, with substantial economic benefits for the countries and their populations. The Karat Foundation will operate autonomously supervise and check that the quality parameters are respected and will not have direct control of the operations and external works of the members. Karatcoin Loan. Karatcoin offers a decentralized loan product for eligible members, known as the Karatcoin Loan (KCL) through a smart contract issuing KCX (Karatcoin Blockchain Validation Tokens) with a financial term that is tailored to the needs of the purpose of the financing or the member country’s overall debt management strategy. Monitor progress and achievements. The foundation, in the context of its social work of facilitated finance for selected small/medium gold mining companies, will continuously monitor progress and achievements to bring benefits between stakeholders of the foundation and the gold mining companies. Benefits Borrowers of Gold Mine, benefit from medium/long maturities (up to 10 years), transparent pricing, built-in hedging products to manage financial risks over the life of the loan, and the ability to customize repayment schedules according to project needs or debt management requirements. Members of the foundation will benefit from interest income from financing. Charity Fundraising. To increase aid to mines, fundraising campaigns will be launched through online platforms, events and conferences will be organized as well as organizing lunches and gala dinners. Karatcoin tokens will be offered as a prize for participation in individual events. Each charitable action will set precise objectives to be achieved and to quantify the sum necessary to pursue this goal. If the established amount is collected, the prize offered will be extracted. For more details, please check out our documentation
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.
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.
Karatcoin is less volatile than other crypto-currencies because it’s indirectly linked to a real asset with an owned blockchain.
Gold Certificates are safe investments. Our Certificate gives you 2 half-yearly coupons with up to 6% interest.
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.
About our DApp
The blockchain of Karatcoin will be developed on top of EOS technology, a software developed in C++ compiled with Clang that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications
About the DAO token
It's based on ERC20 using the Ethereum Blockchain, which means fastest & transparent transactions with low fees.
There are currently versions for desktop, Windows (32 and 64bit written in Electron) and Mac.
There will be versions for mobile, iOS and Android, written in ReactJS and React Native respectively.
The DApp will communicate directly with the Karat Blockchain and the Karatcoin server (for the interface) run by Dreammy on Amazon.
The server will have a 64-bit architecture on Linux and the database (which will be used for secondary data and cold storage) will be hosted on Amazon RDS, both will always guarantee maximum security and best performance using the autoscaling function.
2017 4th Quarter
2018 1st Quarter
2018 2nd Quarter
2018 3rd Quarter
2018 4th Quarter
2019 1st Quarter
2019 2nd Quarter
Attention. There is a risk that unverified members are not actually members of the team
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.