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RE: KaratBank- a fusion of gold and cryptocurrency

in #karatbank • 7 years ago

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The KaratBank Coin is a blockchain-based cryptocurrency.Specifically designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium.

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Already has a
working product

120 countries
480.000 customers

120.000.000 EUR
Total investment

As seen on...



Meet us at...

March 15 & 16m 2018 | San Francisco, CA

Development Plan

Roadmap

February 2018

Formation of KaratBank Foundation. Creation of the KaratBank Coin and further elements of the KaratBank Ecosystem. Pre-ICO starts Feb 15th.

March 2018

ICO starts March 15th. Agreements with potential Acceptance Partners. Attending Token Fest, San Francisco, March 15th & 16th, 2018

April 2018

Listing of KaratBank Coin on 1 major exchange. Acceptance of KaratBank Coin by major companies. Introduction of the KaratBank APP. Attending ICO Festival, Munich, April 11th, 2018

Through 2018

Listing of KaratBank Coin on further major exchanges. Number of acceptance partners increase to 20. Market capitalization: USD 80 million

Until 2020

2% market penetration. Market capitalization: USD 500 million

The Problem

Problem

In former times, gold was a direct payments means, particularly in the form of gold coins. However, Gold has continuously been replaced by bank notes, which nowadays are not, or only to a marginal percentage, backed by state-owned gold. Therefore, the value of the bank notes issued by the different countries rely on the trust that the respective country is able to pay its bills. Only this is less sure than in former times. Especially in less developed countries, the trustworthiness of legal tender moves towards zero.

The Solution

Solution

The KaratBank Coin perfectly meets worldwide needs because it is based on gold. Each coin represents a certain weight of gold and can at all times be exchanged into physical gold in the form of CashGold. Furthermore, it can be exchanged for all fiat currencies and cryptocurrencies worldwide.

Exchangeable

Value-Stable



Borderless

Based on gold

The KaratBank Coin is cryptonized gold that can be transferred borderlessly, cost efficiently, securely and in real-time. Its value is predictable because the value of gold has a long tradition and everybody has an idea about its stability. Therefore, the KaratBank Coin has the ability to become generally accepted worldwide.