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KaratGold Coin (KBC)-fueled solutions have raised security bar for coins and communications

Bitcoinist

Bitcoinist | May 13, 2019 | 04:00

Sponsored Article

KaratGold Coin (KBC)-fueled solutions have raised security bar for coins and communications

Bitcoinist

Bitcoinist | May 13, 2019 | 04:00


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Very few of the existing coins/tokens have a chance to live a long life. Often shortly after ICO, a newly created coin loses value and adds to the list of dead currencies. The matured crypto community is no longer content with coins backed by nothing other than a white paper. Now the digital asset should meet the following requirements:

  • it must be underpinned by a real asset. The investor should clearly understand what stands behind the token and whether the project is not a bubble wrapped in sweetie paper;
  • the economy or technology behind the coin should show growth. If this is a commodity, then it must be consistently in demand, without sudden drops in value. An example is precious metals, which are unlikely to depreciate in the next tens years;
  • the token in which you plan to invest must be suitable for conversion into other assets. It is a positive sign if merchants, online shops as well as service providers accept payments with your coin;
  • a coin should be well perceived in the cryptocurrency community and have a confident position on exchanges. It should show good trade and growth volumes and rates; the project should be approved of and voted for by independent analysts and experts.

Are there many coins able to pass such a test? In the current cryptocurrency market, many investors feel extremely insecure when choosing a currency to invest in. The situation might change dramatically for the better with the advent of the KaratGold Coin (KBC), an Ethereum-based asset that combines the advantages of a physical asset and crypto. Being easily exchangeable for gold and featuring the properties of a full-fledged payment instrument, the coin stands a good chance to decentralize hundreds of millions of dollars for the benefit of investors from around the world.

Highly secure smartphone and software for retailers

Prior to taking up the coin emission, all the necessary infrastructure for its distribution and functioning was provided. To allow online vendors to easily accept KBC, Bitcoin or Ether in their online store, Karatbars International – the company behind the idea of KBC – came up with a software that enables retailers to accept crypto payments with a simple scan. The official plugin of K-Merchant can be currently integrated into Woocommerce, Magento and PrestaShop powered online shops and enables one-click-payments with military-grade security.

Apart from that, the company is aiming to deliver a massively secure mobile phone, the IMpulse K1 Phone, where calls and text messages are not transmitted through conventional ways, but instead, they are encrypted and broadcasted by a newly created Voice Over Blockchain Protocol (VOBP). It uses peer-to-peer encryption that can not be hacked or manipulated. Data stored on the device, such as images or documents, are saved and enciphered through the IFPS platform, which is a decentralized storage medium based on blockchain technology.

Big promotion campaign ahead: The Gold Independence Days

Starting from July 4, 2019, investors can exchange 100 KBC tokens directly to 1g of pure gold, making it the first digital currency that is actually convertible to a truly valuable asset. This exchange will be made possible as part of a global Karatbars International’s promotion campaign, the Gold Independence Days, so that users can easily receive real gold in the form of CashGold at Karatbars’ own ATMs.

“Starting with the Gold Independence Days, a full-featured gold circulation is put in place worldwide and the phrase “I will pay in KBC” means “I will pay with gold”,” Dr. Seiz announced.

The Karatbars’ motive power is the idea that in times of economic crises, gold is considered as a stable investment with the potential to a value increase in comparison to other investments. “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,” the company says.

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