How KaratGold Coin (KBC) Decentralizes Millions of Dollars Worth in Real Gold
May 13, 2019 (Investorideas.com Newswire) Unlike many other cryptocurrency projects who only promised things, KaratGold Coin (KBC) has really delivered after its successful $100 million KaratGold Coin ICO in February 2018. The project has revealed a range of elegant solutions - from an ultra-secure smartphone to software for online stores - to provide the user with a convenient infrastructure to easily and safely buy and sell a digital asset.
KaratGold Coin has a set value relationship with CashGold, physical bills for which KBCs can be exchanged. The coin's circulating supply is also linked to CashGold reserves. With CashGold, Karatbars presents a gold-as-money approach, with tiny bars of gold built into physical bills (just like Dollars or Euros).
Starting July 4, 2019 (Gold Independence Day), KaratGold Coin KBC will be exchangeable with CashGold notes at ATMs, meaning that anyone who holds KaratGold Coin literally own real gold, in the same way that stockholders have equity ownership in a tiny fraction of a real company.
This is a marked difference from the way Bitcoin operates. Like gold, Bitcoin exists in finite amounts, and this supply and demand give it value. But unlike gold, Bitcoin can't be used for anything but value transfer. You can't build anything with Bitcoin. It is what it is, and it only has value so long as people agree to trade it for money. KBC on the other hand is also the native currency of the IMpulse K1 Phone. A massively secure mobile phone where calls and text messages are not transmitted through conventional ways, but instead, they are encrypted and broadcasted by a newly created Voice Over Blockchain Protocol (VOBP). It uses peer-to-peer encryption that can not be hacked or manipulated. Data stored on the device, such as images or documents, are saved and enciphered through the IFPS platform, which is a decentralized storage medium based on blockchain technology. Bitcoin has no such unique hardware integrations.
Thus, KaratGold Coin can do almost everything that Bitcoin can do. It can be exchanged for goods, services, and money anywhere in the world, with transfer times counted in milliseconds. But with value stability and exchangeability with CashGold possible whenever the investor wishes, KaratGold Coin has an entirely different value proposition for the investor, many of whom have been unnerved by the volatility of Bitcoin and its related digital assets.
KaratGold Coin also has a spending application called K-Merchant. Any online retailer who uses K-Merchant (already integrated into WooCommerce and other platforms) can accept KBC as money (as well as Bitcoin, Ethereum, and various fiat currencies). This makes it completely convenient to (effectively) use gold to buy goods and services online, just as easily as you could use dollars or euros.
This digital modernizationrevolution is a real gamechanger for investors interested in cryptocurrencies and gold. By digitizing gold, holders no longer have to worry about the difficulty of transferring, bartering with, or storing safely this oldest of money forms. For this reason, KBC could be one of the big winners in the crypto sphere.
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