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.
Our goal is to build a platform to trade gold certificates, exchange Karatcoin tokens, as well as save and exchange currency using gold cards.
Our team is up to build a secure, useful, & easy-to-use product based on private blockchain on top of EOS technology. It will include easy cryptocurrency payments integration, and even a digital arbitration system.
At the end, Our aims to integrate all refineries, gold companies, and business assets into a unified blockchain ecosystem, which will make business truly efficient, transparent, and reliable.
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
From our product portfolio customers can maintain a form of savings as well as an investment in cryptocurrencies. That investment is suited to their individual needs, from the most aggressive who want to trade our cryptocurrency, to the most conservative that wants to accumulate a safe-haven asset like gold. Additionally, in order to beat inflation, our customers will be protected by our Certificates that have both a fixed maturity and semi-annual coupons paid in KCG.
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 Features
- 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.
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.
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 intermediary is involved in the verification process). These mines will pay the interest due with physical gold products (doré gold bars, gold nuggets, gold dust, etc.) which will be conferred at the official refinery of origin and turned into gold ingots on our behalf. Leaving the raw material in its place of origin protected in an authorized vault will minimize the costs related to transport and related taxes, thus optimizing transactions on our blockchain and allowing a more advantageous price for gold.
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
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