Credits (CS): The revolutionary of blockchain technology

In what seems like the blink of an eye, blockchain has become one of the most talked about technologies in the IT world. From a mere concept just a few years ago, blockchain technology is already being used by companies in large-scale industrial implementations. Although the technology itself is revolutionary, there are certain blockchain limitations that have cropped up. These blockchain limitations don’t make the technology less revolutionary, but they have raised questions about its efficiency and reliability. 

The majority of prior-generation blockchain frameworks have serious limitations:

• Scalability issues;
• Systems heavily reliant on servers;
• Limited functionality, and etc.

The well-known and prominent smart contract-powered Ethereum continues to face major obstacles in scalability, security and network congestion. Moreover, Ethereum are not ready for financial transactions due to a slow rate of 0.5-15 minutes and a price of about 0.02-0.5 dollars per transaction. This is unacceptable for the financial industry.

Credits creates an internal cryptocurrency and smart contract platform with a new proof-of-agreement (PoA) consensus model: a scalable blockchain framework for DApp development that would allow building smart contracts in the blockchain environment.

The goals were to bring smart contracts to everyone as well as offer such major benefits to:

Financial and Banking Systems
      
Financial institutions will be able to significantly reduce their transaction
costs, exclude intermediaries while simulataneously securely protecting their
data.

Internet of Things (IoT)
      
The CREDITS platform and smart contracts will allow for the connection of
various IoT devices into a single network and effectively manage them: smart cities, smart
homes, smart cars, smart businesses etc.

Crediting
      
Credit robots will be able to issue loans with the most optimal terms,
regardless of countries and continents. Globally, with any person in any
country through the CREDITS platform.

To put it simply, Credits wanted to make it easy, simple, fast and convenient for developers to create apps using the Credits network and help them make a profit off of it.

What is Credits?

Credits is an open-source blockchain application platform. Credits' core technology combines the unique new consensus algorithm - PoA (Proof of Agreement) based on BFT conception, new high-speed data transmission protocol. Credits' Proof-of-Agreement (PoA) consensus mechanism enables true decentralization, while also increasing stability, security and efficiency of the blockchain platform.

Proof of Agreement (PoA)

Unique consensus and decision-making algorithm based on multiple validation and data processing with a secure implementation solution based on BFT. 

Credits Data Transmission Protocol (CDTP)

A new high-speed protocol within a decentralized network with collective Validation capable of processing transactions from 0.1 seconds per transaction. Up to million transactions per second possibilities.

Validation & Verification of Data

New blocks generation and transaction validation algorithms based on highly secure cryptography algorithms. New Multithreaded database, parallelized process validation and verification signatures, fast data synchronization algorithm.

Credits Verdict

Credits boasts transaction speeds of “Around 0.1 seconds”, fees of “around 0.001 USD” and “millions of transactions per second”. These numbers kick the behind of current leaders such as Ethereum and NEO. Credits aims to be an all-in-one solution for a lot of sectors. Decentralized Data, Smart Contracts, Issuance of Financial Assets and Crypto Payments are all listed as solutions on Credits Website. 

For more information about Credits, you can visit these following links:

Website: https://credits.com/
Whitepaper: https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf
Twitter: https://twitter.com/creditscom
Facebook: https://www.facebook.com/creditscom/
Telegram: https://t.me/creditscom

Author's Bitcointalk username: binar234
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2053245

Soraix: Platform Tokenisasi Saham

Saham boleh dikata menjadi produk investasi populer saat ini seiring dengan semakin terbukanya kesadaran masyarakat bahwa menyimpan uang di tabungan tak mendatangkan nilai lebih untuk uang yang dimiliki. Kesadaran ini pun memicu perpindahan gaya hidup masyarakat dalam pengelolaan keuangan dari “Saving Society” menuju ke “Investment Society”.

Memang, saham itu produk investasi paling menguntungkan dibanding produk keuangan lainnya seperti deposito, reksadana, dan obligasi, atau produk komoditas seperti emas, tanah, bahkan forex. Alibaba sebagai contoh, hanya beberapa hari sebelum Alibaba mengeluarkan IPO, sahamnya dijual di bawah $ 60 per saham. Pada hari pertama perdagangan, harga melonjak hingga lebih dari $ 90 yang memberikan para investor Pra-IPO pengembalian investasi minimal 48% persen. Demikian juga, Facebook diketahui telah memberikan banyak keuntungan bagi investor pra-IPO ketika akhirnya memutuskan untuk go public. Menurut sebuah laporan, saham Facebook masing-masing dijual dengan harga $ 3,50, enam tahun sebelum penjualan publik. Tepat sebelum perusahaan mengajukan IPO pada bulan April 2014, harga per saham melonjak menjadi $ 42,72.

Namun demikian, peluang semacam ini tidak terbuka untuk semua orang dan juga berisiko tinggi bagi investor yang mengaksesnya.

Menurut SEC, perusahaan swasta hanya diperbolehkan menjual saham mereka kepada investor yang terakreditasi. Ini adalah investor dengan kekayaan bersih $ 1 juta ke atas atau memiliki pendapatan individu tahunan $ 200.000 +. Seorang investor juga dapat dianggap terakreditasi jika mereka dilisensikan atau didaftarkan oleh SEC sebagai broker atau penasihat investasi. Ini berarti bahwa jika Anda memutuskan untuk berinvestasi di perusahaan swasta dengan tingkat pertumbuhan tinggi seperti UBER, Spotify, Dropbox, atau Airbnb hari ini, Anda harus memenuhi ambang di atas. Sebagian besar investor tidak memenuhi syarat sebagai investor terakreditasi dan oleh karena itu peluang yang disajikan oleh perusahaan-perusahaan ini biasanya bukan pilihan bagi mereka.

Bahkan untuk investor yang terakreditasi, investasi ke pasar Pra-IPO bukan tanpa risiko yang signifikan. Pasar-pasar ini sangat tidak likuid sehingga investor tidak dapat membuang saham sebelum penjualan publik. Ketika seorang investor terakreditasi memasuki perjanjian penempatan pra-IPO, mereka berkomitmen untuk memegang saham sampai perusahaan penerbit mendaftarkan mereka di bursa saham. Ini bisa memakan waktu hingga 10 tahun yang berarti bahwa modal investor cukup terikat sampai saat itu.

Tokenisasi Saham

Seperti yang telah kita lihat, investasi Pra-IPO tidak hanya di luar jangkauan bagi kebanyakan investor, tetapi bahkan untuk beberapa yang dapat mengaksesnya, mereka datang dengan risiko likuiditas tinggi.

Tokenisasi saham, yang mengacu pada konversi saham perusahaan tradisional menjadi cryptocurrency, menawarkan untuk membawa likuiditas ke pasar Pra-IPO sekaligus memastikan aksesibilitas ke semua investor yang tertarik pada ekuitas swasta.

Adalah Soraix.com, perusahaan investasi berbasis di Swiss memperkenalkan solusi di mana perusahaan dari semua ukuran dapat meningkatkan modal melalui ETO mereka sendiri pada platform Soraix. Soraix bertujuan untuk mentransformasikan bursa saham tradisional dengan tokenisasi pertukaran aset melalui teknologi blockchain, menghasilkan adaptasi dan stabilitas yang lebih luas di industri.

Investor yang ingin eksposur ke ekuitas swasta dapat membeli dan memegang saham digital perusahaan dalam bentuk token ekuitas dan memperdagangkannya untuk aset digital lainnya seperti cryptocurrency atau token ekuitas lainnya.

Soraix akan memberikan manfaat signifikan bagi investor tradisional (pedagang eceran, masyarakat umum) dan bisnis dari semua ukuran. Pengguna tradisional akan mendapat manfaat dari model pembagian pendapatan Soraix, yang memungkinkan mereka untuk memperdagangkan Soraix Tokens (SRX) mereka menggunakan patokan 1: 1 terhadap Token Ekuitas yang dikeluarkan pada platform Soraix oleh perusahaan yang meningkatkan modal, terlepas dari perbedaan nilai dari kedua token. Sementara, klien bisnis akan memiliki kesempatan untuk mengumpulkan dana dengan cara yang lebih mudah dijangkau oleh semua investor, dengan merubah nilai saham dalam bentuk Token Ekuitas pada platform Soraix.

Selain itu, semua aktifitas Soraix berada dalam lindungan lembaga keuangan Swiss. Dengan demikian, ini akan memberi pengguna ketenangan pikiran yang terkait dengan undang-undang privasi Swiss dan peraturan perusahaan kelas dunia.

Untuk menghidupkan platform, Soraix saat ini sedang meluncurkan ICO dari SRX Token . ICO terbuka untuk investor dari semua ukuran portofolio, tanpa pembelian token minimum, memungkinkan sebagian besar dari mereka yang tertarik untuk berpartisipasi dalam kesempatan ini. ICO telah dimulai pada 26 Agustus 2019 dan akan berakhir pada 24 November 2019 . Sejumlah 60% (600.000.000) dari pasokan SRX Token (1.000.000.000) akan tersedia untuk dibeli. Dengan harga awal yang setara dengan 0,00025 ETH per token, pengembang Soraix bermaksud untuk mengumpulkan target minimum $ 4,500,000, dan maksimum $ 24,000,000 selama ICO.

Untuk informasi lebih lanjut, silakan kunjungi tautan berikut ini:

Situs web: https://soraix.com/
Whitepaper:  https://soraix.com/static/whitepaper.pdf
Facebook: https://www.facebook.com/soraixteam/
Twitter: https://twitter.com/Soraix3
Telegram: https://t.me/soraixico

Author:

Bitcointalk Username : binar234
Bitcointalk Profil: https://bitcointalk.org/index.php?action=profile;u=2053245
ETH: 0x573E9730fe386661F91D9189A0330ce577df0175

A gold-backed cryptocurrency with an innovative approach

The main problem of cryptocurrency is their lack of physical assets. Because of this, there are big risks in using cryptocurrency as cumulative funds and constant currency for transactions between big companies under long-term contracts.

Of course, this can not continue permanently and is already beginning to appear cryptocurrency backed by precious metals. Gold-backed cryptocurrencies are special forms of stablecoins, the value of which are pegged to that of gold. Combining the innovative capabilities of the blockchain technology with gold offers a convenient solution to the highly volatile cryptocurrency market.

Tipbot LTD. through "Troy Gold Token" proposes to solve this problem in an innovative way. Namely, allowing to store and exchange Troy Gold native token for gold from real gold mines. 

The goal of the project is establishing an decentralized ecosystem where users can securely store their digital assets and trade with a real asset “quickly, safely, and without intermediary intervention.”

It is designing a blockchain-based ecosystem which it hopes will allow individuals and companies to join – trading without borders wherever they are in the world.

The company aims to make changing tokens into gold a fast experience, with conversion rates that are based on the official market prices listed on gold exchanges around the world. At the same time, they aims aims to secure Troy's Gold Token and other cryptocurrencies in highly security vault. 

Partnerships established

Troy Gold says it has established partnerships with recognizable brands – and these agreements will result in a “stable and reliable ecosystem.”

According to the company, its first exclusive contract was signed in 2019 with the Australia's mining company, Bullseye Mining Limited, with a deal for 20,000 oz of gold to come straight from their mining facility.

However, the first Gold Products for Troy customers will become available in 18 -24 months from Troy's ITO completion.

The team behind the project says it is optimistic that this business model will  add some stability, without removing the potential to earn.

The elements of the ecosystem

There are three main elements to its project. The first is an ERC-223 compliant cryptocurrency token known as GOLD.

Although this token is not pegged to tangible assets such as gold, it can be used for purchasing real world Gold Products in exchange for Gold Products provided by TROY, and exchange with another cryptocurrency once it listed in cryptocurrency exchanges.

The ecosystem is also going to offer Gold Products. As it mentioned above, Troy Gold will provide a stable cryptocurrency to its costumer by allowing them to exchange GOLD token for Gold Products they purchased from real gold mine. 

Finally, the platform is also offering Troy Gold vault which is considered as the most secure cryptocurrency wallet ever existed. It provides 3 optional layers of biosecurity, customers can combine or use separately facial, retinal, thumb print or password as the access key to their Vaults.

Initial Token Offering (ITO)

Currently, Troy Gold token sale in on the private sale stage. According to the roadmap the token sale will "relaunch" on Q3 of 2019. For your information, back in 2018, Tipbot has already conducted a token sale and soon paused for restructuring after private investment.

You can join the GOLD token sale by register account on troy website here.

More information:

Website: https://www.troy.gold/
Whitepaper: https://troy.gold/whitepaper.pdf

Facebook: http://www.facebook.com/troygoldtoken
Twitter: http://www.twitter.com/troygoldtoken
Telegram: http://t.me/troygoldtoken

Author:

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2053245

ETH Address: 0x573E9730fe386661F91D9189A0330ce577df0175

Athero: A New Era of Cryptofinance

What is Athero?

Athero is a platform designed to improve commerce by combining the Internet of Things and the blockchain technology. Athero incorporates a distributed operating system with an open blockchain, using virtual business to business networks and a consensus algorithm to realize offline solutions for information flow and product sourcing needs. 

The platform includes a modular, end-to-end design that commits to correct-by-construction software and industrial extensibility.

Athero aims to allow people to easily write decentralized applications. This intention could enable innovation on the blockchain that could help distinguish the project. The mission is building better world through the technology. Athero token, THO, is a global, open source and decentralized supercomputer which anyone can access.

The ultimate goal of THO is to be the all-in-one solution and offer a wide array of services from market to finance. The clients – both corporate and private ones – will access all the services they need from a single platform. Blockchain technology gives us the chance to make your finances grow faster with better returns.

Why Use Blockchain?

Unlike the current centralized architecture, users in the new IoT system can dynamically develop data authorization mechanisms and interaction rules with devices, etc. Not only does the device perform a single function. The blockchain can simply interconnects the device, and also enables devices to interact with each other autonomously. Vendors no longer need to maintain hundreds or thousands of IT systems in different systems. Changing roles will attract more participants, reshape market rules and create entirely new business models.

Athero is a new blockchain protocol being developed and specifically designed and optimized for business and marketplace applications. The protocol will consist of a blockchain based “virtual machine” and defined modules of middleware software stacks, which operate outside the chain. It will support decentralized processes governed by smart contracts implemented on the network.

Athero Products

Athero will have 6 commercial products: 

• dApps, 
• decentralized exchange, 
• data sharing, 
• Wifi-ready Solar Smart Bench Network, 
• Smart Car Parking Technology, and 
• air and pollution smart sensors.

Athero Features

Decentralized

State-of-the-art cryptographic datastructures and unparalleled decentralization provide efficiency and eliminate single-point-of-failure.

Partnerships

Athero is bootstrapping partnerships in different sectors to bring blockchain technology into real-world use.

Cutting edge technology

Athero is continuously researching the newest technological standards and continuously expanding cooperations with international research institutions to keep the technology safe and up to date.

Fast Expand + Adoption

Athero puts an emphasis on web technology and has a mobile-first approach to bring blockchain technology to the next level of adoption.

The Athero Token

THO is native crypto token currency which is being created to be integrated with and used on the Athero network, for decentralized applications on the network.

Initially, THO is proposed to be issued and implemented on the public Ethereum blockchain as an ERC-20 compliant token. Athero team will integrate its existing “wallet” function to hold THO balances, and allow users to utilize the tokens on the THO platform shortly after the token sale activated.

Token Sale

Initially, the company is offering 1,400,000,000 of the 2,000,000,000 initial Tokens. Tokens will be distributed in two crowd sales:

• Private pre-sale(400,000,000)
• Public Sale (1,000,000,000)

Private sale was available for 2 months. From July 10,2018 to September 16, 2018. Before sale, the team contacted 5000+ companies (+private individuals). They received invitations to Athero summits. Summits were at London, New York, Dubai and Tokyo. Athero raised 12 000 000 USD in private sale (at rate 0.03 USD per 1 THO). 

Public ICO sale has been started on September 20, 2018, and will end on January 15, 2019.

Athero Team

The Athero team includes financial experts and professional traders who have helped in creating the right tokenomics for this project. Athero CEO, Thomas Plattsmier, is an experienced project manager and business restructuring specialist with more than 15 years of international experience in the technology, energy, and construction industries, particularly in Switzerland, Austria, and Germany. He specializes in business process organization, procurement consulting, cost optimization, and business administration. 

Below is the list of the team: 

• Thomass Plattsmier, CEO + Co-founder. (LinkedIn)
• Jay Friscia, Software developer, Co-founder. (LinkedIn)
• Lukas Zadorozny, Sofware developer, Marketing  (LinkedIn)
• Alex Dehlinger, Marketing, Public relations. (LinkedIn)
• Niou Someya, Programmer. (LinkedIn)
• Madhu Sahota, Software engineer. (LinkedIn)
• Yagi Taisho, Software Developer Technical Lead. (LinkedIn)

Useful Links:

Website: https://athero.io/

Whitepaper: https://athero.io/whitepaper.pdf

Facebook: https://www.facebook.com/Athero-236675363674250/

Twitter: https://twitter.com/ATHEROtoken

Telegram: http://t.me/atheroTHO

Author:

Bitcointalk Username: binar234
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2053245

Beverage.Cash: Unification of Cryptocurrency and Real Asset

As cryptocurrency continues down its volatile path, developers are continually trying to create a truly non-speculative digital currency. In the beginning of 2018, for example, the total market cap of the space climbed to nearly $800 billion before abruptly falling back down to just over $400 billion in January alone. This degree of volatility makes digital assets, tokens and coins difficult to trust, let alone trade frequently and invest in long-term.

Some critics say that the high volatility points to a coming crash similar to that experienced in the beginning of the dot com boom. This uncertainty has prompted developers to attempt to come up with ways to scale blockchain technology into the mainstream, and without a more stable price that traders and investors can trust, this task is much less realistic.

The idea of a less volatile class of cryptocurrencies has led to the development of digital currencies that are backed by pegged, real world assets. Here is one of blockchain project that issued a native cryptocurrency backed by real assets, alcohol drink, namely BeverageCash (BC) Token.

What Is BeverageCash?

BeverageCash is a decentralized solution whereby the real sector of economy and cryptoworld have been merged. The application has been developed to address the key problem of cryptocurrency price instability, and marries the trading process on an innovative platform with unique functions.

Starting with the beverage market, BeverageCash decentralized platform is a makeplace for trading commodity tokens that are backed by alcoholic drinks. The envisaged ecosystem is supposed to connect private and institutional investors, traders, manufacturers, collectors, wholesalers, experts, buyers, etc.

Within the platform, alcohol manufactures, sellers, collectors will be able to place bids (bottle, box, etc.) that will be represented by Beverage Token (BT). The platform will also employ a Beverage Coin (BC) that will be used for transactions, fees and commissions on the bevarage.cash platform.

The price of tokens will grow with time and volume, just as the wine becomes fine with time. The investors are allowed to make long-term and short-term investments, and in addition, the orders of lots can be delivered to any address at any time. The lots transfer of ownership will occur on the blockchain records but they do not have to physically move from point A to B.

BeverageCash Platform Features

Bevarage.cash platform is the exclusive combination of features, design and social elements that truly sets us and our solution apart from the competition:

• Easy-to-Use: This platform is simple and accessible to all users.
• Social: The members of the community such as leaders, collectors, and experts are given rewards for the achievements, recommendations that will come from the award fund through the smart contracts.
• Security: The platform is secure from mistreatment and fraud of its users and investors.
• Instant Payments: The payments on this platform are instant. After the transaction, money is sent to the participants through smart contracts.
• Transparency: Since all the transactions are made on the blockchain system, they are always secure and transparent.
• Localization: The ability, with the help of geolocation, to allocate lots and users nearby, contact them using an integrated messenger and, if necessary, meet for the transaction.
• Inability to Manipulate: The rating of trust– unique solution which excludes any manipulation.

BeverageCash Segmentation

Investor: 

For investors, the purchase of highly liquid assets insures their crypto-cash capital from losses and brings profit. Investment portfolios with the greatest profit will be awarded with the investment trust cup from bronze to platinum.

Crypto Trader: 

Traders have the opportunity to speculate in the market without having to buy a lot. They are awarded different statuses for the most active and profitable work - from a beginner trader to a guru.

Alcohol Manufacturer: 

Manufacturers of alcoholic beverages are able to sell their produced alcoholic beverages on the platform.

Alcohol Collectors and Sellers: 

They have the opportunity to trade their alcoholic beverages on the platform.

Alcohol Expert: 

Experts assess the quality of drinks, their potential price, taste, rare beverage, publish opinions, tasting reports, awards and other information. Depending on the level of trust and activity, they receive payment for their publications from the prize fund.

Consumer: 

Consumers buy drinks for further transportation to the specified location.

Advertisers:

Any of the participants in the alcohol market and related areas can advertise their products on the platform. The advertising fund is distributed among the most active participants.

Third Party: 

Third-party developers have the ability to create applications for any device using the API.

BeverageCash Token (BC)

Beverage Coin (BC) is an ERC20 standard token on Ethereum Blockchain. The token will be used for transactions, fees and commissions on the bevarage.cash platform. The fact that the platform has a social feature makes it a great component for success since it is made to satisfy various participants in the alcohol market and the crypto community.

A total of 97,776,705 BC will be issued. 65% of the total tokens have been allocated for the open market while the organizers will get 29% and the rest goes to bounty marketing and the advisors. In the Q4 of 2018, the platform will conduct its pre-ICO and ICO token sales. The same period will also see the placement of Beverage Coin (BC) on exchanges.

For more information about BeverageCash, you can visit the following links:

Website: https://beverage.cash
Whitepaper: https://beverage.cash/WhitePaper.pdf
Facebook: https://web.facebook.com/beveragecoin/?_rdc=1&_rdr
Twitter: https://twitter.com/BeverageCash
Telegram: https://telegram.me/BeverageCash
ANN Thread: https://bitcointalk.org/index.php?topic=4560096.0

Author: Binar Bumi
Bitcointalk Profile : binar234

KARATCOIN: The Future of Gold-backed Crypto Asset

About eight years ago, a pseudonymous cryptographer known as Satoshi Nakamoto introduced Bitcoin as a digital analog to gold: limited in supply, but secured by modern cryptography, and made for the internet age. Following in Satoshi’s footsteps, many tried to improve his original vision and thousands of alternative cryptocurrencies were born.

Despite significant recent developments and innovation, the market for cryptocurrencies remains somewhat niche. Cryptocurrencies have shortcomings that currently discourage mainstream use, in particular, high volatility and barriers to entry and exit. Karatcoin aims to solve these issues by creating a business ecosystem to solve the entry and exit issues. Backing each coin/token with 1 gram of gold at launch to address the volatility issues and use blockchain technology to solve any outstanding problems. In short create a unique cryptocurrency.

About Karatcoin

Karatcoin is a platform to trade gold certificates, exchange Karatcoin tokens, as well as save and exchange currency using gold cards. The team aims to  build a platform where millions of investors can go to find the best gold opportunities to invest, trade, and exchange without worrying about traceability. 

Karatcoin 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, Kratcoin will also create an ecosystem for developers to utilize Karatcoin tokens (KCG) 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. 

Karatcoin's ICO provides a unique opportunity to invest both in crypto and real worlds by backing digital tokens (KCG) with a defined amount of physical gold. The amount of gold, assigned to each token initially, is constant and equals 1 gram of 99.99% LBMA standard gold secured in Safehouse Vaults. 

How It Works?

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 their mines, which in turn will increase the value of circulating Karatcoin tokens. 

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 Karatcoin's behalf. By leaving the raw material in its place of origin and protected in an authorized vault, Karatcoin will be able to minimize the costs related to transport and related taxes, thus optimizing transactions on the blockchain and allowing a more advantageous price for gold. 

Karatcoin Products

Gold Certificates

Asset Gold Certificates consist of the PoA information permanently uploaded into the decentralized database. These gold certificates have a specific duration and a fixed revenue, ideal for anyone who needs a safe investment.

Each Gold Asset Certificate represents 1,000 USD of value. It also have different maturity dates and associated semiannual coupons with a bond yield ranging from 5 to 6% depending on its duration, which is paid in KCG. At maturity date, the redemption will be in KCG.

Gold Cards

Each Gold Card represents a personal wallet inside the Karatcoin Blockchain where Gold Products are stored. This card has several advantages:

• The physical gold asset is safely stored in a protected area (Vault);
• Gold Asset Card refers to allocated asset;
• All Gold Card Certificates are held in a Cold Storage Wallet.

Karatcoin Cryptocurrency tokens

Karatcoin Gold Token (KCG): KCG is the token used in the Karat Blockchain. It represents 1 gram of 99.99% LBMA standard gold secured in Safehouse Vaults, which means the gold is safe from political influence and will preserve and increase its value over time. 

Karatcoin DAO Token (KCD): KCD is the coin token that will be created during the Token Sale and deployed on Ethereum (ERC20 Standard Smart Contract). KCD will migrate to the Karat Blockchain in a 1:1 ratio once the Blockchain is ready.

Karat Blockchain Token (KCX): KCX is a crypto-currency that is a fast and comfortable payment method with a worldwide scope; it's private and anonymous enough to serve as payment method for several markets and any other economic activity.

KCX will give owners the right to vote for all the activities of the Karat Foundation (including the choice by vote of the gold mines to be financed), as well as the operational and fundraising activities that the Foundation provides for participating mines and their surrounding communities.

KCX will also be used as stake to validate blocks on the blockchain (DPoS Consensus).

Conclusion

The basic concept behind gold-backed cryptocurrencies is that a token or coin can be issued, which represents a given value of gold. The gold is then secured by a trusted third party and can be traded with other token holders. Doing so makes sure that a minimum value of the token is kept. The gold’s value is based on the price of the day, so even if it hits the minimum, the token will still remain equal to the current gold price. 

Karatcoin cryptocurrency value backed equals 1 gram of 99.99% LBMA standard gold secured in Safehouse Vaults. Karatcoin works by financing  the operational gold mines to help increase gold production. The mines will pay the interest due with physical gold extraction, which will be stored at the official refinery and turned into gold ingots on Karatcoin's behalf.  

However, like all investments, gold-backed cryptocurrency also comes with some risks, mainly concerning the physical storage of gold. Investors are urged to carefully assess the third-party backing their prospective crypto-investment, as well as the security measures in place. 

For more information about Karatcoin, you can visit the following links:

Website: https://karatcoin.co/

White paper: https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_WP.pdf

ICO Webpage: https://karatcoin.co/#tokenSale

ANN Thread : https://bitcointalk.org/index.php?topic=4932340.0
Telegram: https://t.me/KaratcoinGroup

Author: Binar Bumi
Bitcointalk Profile : binar234