In the crypto world, USDT could be one of the most famous assets since its value is pegged with USD, which could be the bridge between fait and cryptocurrencies. This is quite helpful in some countries where their currencies are not allowed to exchange directly with cryptos.
As more traditional payment means, gold is deemed to be a stable investment with the potential to a value increase in comparison to other investments because the intrinsic value of gold is caused by its relative rarity as well as by the high costs of mining. With the social development, we have CashGold which is designed like a bank note. It can easily be used in daily payment transactions, and CashGold will have the possibility to help investors gradually build up gold deposits through the purchase and collection actions.
However, the question is whether there is a possibility to offer the world a better, more trustworthy payment means. KaratGold has developed a globally workable solution based on gold with CashGold and the KaratGold Coin.
Generally speaking, KaratGold ecosystem consists of the components which are KaratGold Coin, Karatbit Foundation, CashGold, KaratGold eWallet, KaratPay and Karat Points of Acceptance respectively. The KaratGold Coin could be used to exchange with physical CashGold and cryptocurrencies. Also, the value of KaratGold Coin will reflect the degree of penetration of the worldwide payment systems and the price development of pure gold. Thus, as mentioned in their whitepaper, the more KaratGold Coin will be used, the greater the demand for the KaratGold Coin will be, which could finally stimulate the value.
This sounds like really perfect story for us, but it is important to keep the points in mind. As we all know, USDT is issued based on the USD deposit, but KaratGold Coin has different philosophy, and the price has no relation to the CashGold. Thus, we need to understand KaratGold Coin is not pegged to the purchased CashGold. A total loss of the money invested in the KaratGold Coin cannot be excluded. Also, since KaratGold Coin is allowed to exchange freely with CashGold, it is critical for KaratGold to have enough reserve. If people run on the bank, it is also possible for it to get boke.
In a word, through the KaratGold ecosystem, we can have a more transparent, convenient and stable payment means with blockchain technology.
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Now, KaratGold Coin(KBC) has been listed on CoinAll, and we have great bonus for you.
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