Karatcoin: The Future of Crypto Assets Based on Gold

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What is Karatcoin?
Karatcoin gold certificate on Ethereum blockchain. You can use Karatcoin to store your gold certificate in your regular Ethereum wallet.

In the article, Karatcoin creators talk about how they want to do more than indexing gold certificates: they want to create a completely new economy with decentralized financial services, distributed applications, and more and more. All of these services will use Karatcoin as a token.

The Problem
Behind the beauty of gold mining products, gold mining leaves many stories. Gold mining that promises huge profits results in many people doing illegal mining activities or even ignoring all codes of ethics and environmental standards to get more profit, which has a very bad impact on workers, society and the environment.

In carrying out its mining operations, many mining companies ignore the code of ethics that should be established and implemented in running their mines. The codes of ethics that are violated are such as discrimination of workers, harassment of workers, coercion in work, employment of minors, facilities that do not support the work environment, hours of mining operations that exceed maximum limits, and low compensation.

In addition, many mines also ignore environmental standards so as to have adverse effects on the environment such as polluting and contaminating water, damaging environmental habitats, and producing waste that is harmful to the environment and health.

The Solution
The Karat Foundation will be formed in accordance with the UN Guiding Principles on business and human rights. The Karat Foundation aims to increase mining gross domestic production and ensure that the benefits of increased economic and social productivity are enjoyed by all miners and that any negative impacts from mining are also avoided or minimized.

The Karat Foundation is a non-profit organization whose main goal is to establish a protocol with a code of ethics that defines all the fundamental points that allow mining companies to join the Foundation.

All gold mining operations that join the Karat Foundation will agree to uphold a Code of Ethics based on International Labor Organization (ILO) standards, implement the Workplace Code, and comply with all relevant and applicable laws and regulations in the country where workers are employed.

Karatcoin’s Platform is especially related to operational gold mines to be able to get financing to help increment their gold production.The greater Karatcoin’s financing increments, so will the totaled gold advent of our mines, which accordingly will extend the gain of coursing Karatcoin tokens. every one of the mines chosen through Karatcoin’s specialized and lawful institution were painstakingly dissected for their creation potential,operational background,structural validity, and further their cash related score.

Karatcoin tokenizes gold certificate at the Ethereum blockchain. you can use Karatcoin to keep gold certificate to your normal Ethereum wallet.

Karatcoin’s creators talk approximately how they need to do extra than just digitize gold certificates: they need to create a new economic system complete with decentralized financial offerings, decentralized apps, and more. All of those offerings will use Karatcoin as a token.

Karatcoin will make a decentralized application within the gold marketplace, giving on hand gold traders and vendors the chance to name a similar metallic underneath a comparable marker of cryptoactive assets, making a really fluid and stable market with characteristics/Attributes beneath:

store bodily Gold — bodily Gold useful resource may be put away within the round segment and keep it Gold certificates on your wallet at Karat Blockchain, gold is included from political impact and could make bigger its incentive after a while.

DPOS Consensus — The Charges Will Be Utilized as returns for financial specialists as opposed to Excavators. This will expand the security, Bring down Power utilization and quicker Confirmation time {10 seconds}.

acquire fixed sales — certificates of Gold are sheltered ventures. Our certificates offers you 2 half of-every year coupons with up to six% intrigue.

Gold Mines income — Vote for gold mines to returned and participate in dynamic intrigue esteems from the financing gave to selected mines.

Karat Blockchain will uncommonly deliver a danger to soundly store the “gold” assets inside the Gold authentication in your pockets. Likewise, gold will just enlarge its incentive after some time.

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