1. Project Introduction
The KaratGold Coin - KBC - is a Blockchain-based cryptocurrency issued on February 2018 linked to physically deposited gold in the form of the so-called CashGold, a true gold standard. A certain number of KBCs can be exchanged for the corresponding amount of CashGold at any time. The gold-covered KBC but back to a serious shortcoming to share the previous crypto currencies such as Bitcoin, Etherium, etc. with the traditional Fiat currencies à la Euro, US dollars and yen: the lack of coverage by a real, indestructible equivalent.
The concept of giving real gold coverage to a new cryptocurrency right from the start and thus providing a man-made unshakable resistance to crises is a real innovation in this field. At the same time, as a cryptocurrency, KBC offers advantages that Fiat money can´t afford, such as the option of anonymous transfers directly from user to user (peer to peer) without bank participation. Thus, the KBC has been developed to serve as a generally accepted electronic means of payment for all those who regard gold as a traditional, true, secure and value-stable medium. On the other hand, customers on the one hand and dealers and service providers on the other rely on the value of gold. In former times, gold was a direct means of payment, especially in the form of gold coins.
2. KBC Info
- Total Supply: 12,000,000,000 KBC
- Max Supply: 12,000,000,000 KBC
- Circulating Supply: -
- Issue Date: 2018-02-14
- Cryptographic Algorithm: Ethash
3. Useful Links
- Official Website: https://karatgold.io/
- Explorer: https://etherscan.io/token/0xf3586684107ce0859c44aa2b2e0fb8cd8731a15a
- Source Code: https://github.com/karatgold
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