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KaratBank Coin
KaratBank Coin is a cryptocurrency secured with gold.
Description
The attention of a wide audience is offered to the digital currency KBC, which is a reliable and stable electronic payment instrument, because it is provided with gold, one of the most traditional, secure and constant in terms of price of assets. It is clear that this currency is designed for those users for whom gold is the equivalent of financial stability and success. The company from Singapore called KaratBank has released a coin to the market. KBC is based on blockchain and is tied to physical gold. According to the authors, with the exchange of this token for any other cryptocurrency or fiat currency, users will not have any problems, and this ability to exchange will certainly contribute to its exchange rate growth.
The exchange of this digital asset will be easy, cost-effective, reliable and ongoing online. The coin compares favorably with its volatile "counterparts" by the predictability of the exchange rate, since the cost of the metal is quite stable. And this factor will also work to increase its value.
ICO
From February 15 to March 21, 2018, the KBC token pre-sale campaign (pre — ICO) was held, and from March 22 to April 19 - ICO. The value of the coin in the ICO process was $0.05-$0.08. The total amount of the issue will be 12000000000 coins. 7.2 billion were available for purchase.
The company aimed to raise funds in the amount of $72 million. Maximum amount of the purchase was 1000 tokens KBC. Users could pay for the purchase with fiat money or BTC and ETH. There was a bonus program.
Half of the collected funds will be used for marketing solutions, 10% will be used for development, legal and commercial support. By 5% will be directed to organizational issues (licensing, compliance) and wages to employees. The same amount is allocated for social media and for the reserve fund.
Legal support
Already at the early stages of development, the KaratBank Coin project undergoes a thorough legal examination, which is designed to identify its weaknesses and shortcomings from a legal point of view. If any are found, the project lawyers react promptly and eliminate the possible problem. If it is impossible to implement some part of the development in the legal field, the team reviews this point and develops a new solution. Such a thorough approach to the legal side of the project is due to the company's desire for transparent, trusting and honest relations with investors and regulators.
As promised by the project developers, participants will be given access to detailed reporting on the use of funds collected in the ICO process, on marketing activities, on the overall costs and progress in the development. All information will be presented on the official website of the company.
Ecosystem
The ecosystem of the project is quite powerful and extensive. It includes The KaratBank Coin as well as the physical currency of CashGold, the Fund Karatbit, KaratPay, KaratBank eWallet and Karat Points of Acceptance.
