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 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.
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 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
Communicate Straight to the Blockchain within the Web.
• Manage your gold products
• Check Blockchain Transactions
• Vote to elect the gold mines
• Top 50 Cryptocurrencies available
• 85 Currencies supported
• Live trading
• Fast Execution
• 10 technical indicators
• Detailed Market analysis
• Updated News
• SHA512 Security encryption
• Multi-platform available
There are currently versions for web and desktop (using Electron), Windows (32 and 64 bit) and Mac.
There will be versions for mobile, iOS and Android, written in React Native.
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.
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 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.
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.
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: https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_Foundation.pdf