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.
Karat Foundation
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
