Is KaratGold’s KBC Coin Launch a Legit Crypto Asset to Tokenize Gold?
- The KBC crypto asset will be used to tokenize gold.
- For 1 gram of gold, the investor must trade 100 KBCs.
The investors of the crypto worked need something to rely on with the crypto assets they choose, which means that any marketing-based tokens just will not do. There are multiple asset-backed tokens rising up in the industry, combining blockchain technology with the assets that have historically been used in the past. A common asset is a precious metal, which is ideal for securing an asset. However, despite how useful this asset could be, there have been very few firms to actually create these types of assets before now.
With the development of the KaratGold Coin (KBC), precious metals are finally brought into practice with the crypto industry, combining a physical asset with a crypto one. Since the crypto asset can effortlessly be converted into gold, while having all of the attributes of a typical payment instrument, decentralization of millions of dollars could be a reality. The coin issuer even makes sure to handle all of the infrastructures that bring this asset into circulation.
The KaratGold Coin (KBC) is based on the Ethereum blockchain and is exchangeable for actual gold. While Bitcoin has been lauded as “digital gold,” this company has essentially created tokenized gold. Dr. Harald Seiz, an entrepreneur, founder, and company owner, is credited as the visionary behind this concept.
For the last eight years, the creator of the KBC token has been figuring out the best way to distribute small gold portions for payment, even as small as a single gram. Now, Karatbars has become one of the leaders of selling tiny gold items.
Before the token became a priority, the company had been working on establishing an infrastructure that would allow it to distribute. Karatbars developed K-Merchant, which is software that was designed to make it easier for online vendors to accept KBC in their stores, along with Bitcoin and Ether. Right now, the plug-in is compatible with WooCommerce, Magneto, and PrestaShop, and it features one-click payments and security that can only be compared to the military.
A new mobile phone is in development with the company as well, which has heightened security with encryption for phone calls and text messages. The encrypted data is then broadcast by VoiceOver Blockchain Protocol (VOBP) and is entirely resistant o hacking or manipulation. The information stored on the mobile phone is saved and processed through the IFPS platform, which is entirely decentralized and based on the blockchain.
On July 4th this year, investors will be able to exchange 100 of their KBC for 1 gram of pure gold, which was made possible as a result of a promotion campaign by Karatbars International called Gold Independence Days. The campaign hypes up that users are able to receive the real gold from their exchange, which can be done at Karabars’ ATMs.
The goal of the KaratGold is that users will continue to have a stable investment over the years, despite any changes in the economy. The company commented,
“Gold, which always maintains its value because of its scarcity and wide acceptance, serves as a natural hedge against currency collapse. By diversifying a portion of their assets into gold, investors can enjoy a reliable store of value.”