Hi everyone,
In my last blog, I mentioned the problems in the acquisition of #gold in the centralized economy. Also highlighted the probable solutions a decentralized system can provide for quenching the demand for gold at low prices & the high quality.
People want to get the gold at economical prices without compromising the quality but the orthodox system under the centralized govt. prevent them to do so or they are concerned about the prices & the profit of Interest on the deposition of gold. Due to the abidance of law enforced by the respective governments, big business houses, who are the producers of gold constraint to only a certain region.
But #Karatcoin has decent solutions for these issues through the blockchain adaptation in the gold market.
Let's talk about the details solutions provided by the #Karatcoin
1. Directly Linked to gold mines
Karatcoin's Platform will have the direct nexus to the operational gold mines. They will get the required financing for helping to increase the production of gold. That will increase the production of gold & so will the value of circulating #Karatcoin #tokens.
All the mines selected by Karatcoin's legal & technical team will analyze the production ability, operational background, structure credibility & the financial rating. This process solely done by the team.
Most essential thing for minimizing the cost of production is to store & process the raw material into its original places by protected in the authorized vault which will lessen the cost of transportation & related taxes.
Thus optimizing the transactions on the #KARATCOIN Blockchain & efficient prices for gold.
2. Bond yield ranging from 5 to 6%
You can purchase Karatcoin Gold certificates with different maturity dates & associated half-yearly coupons with bond the yield ranging from 5- 6 % depending on it's duration.
3. The flexibility of smart contracts
Smart contracts are the lifeline of easy, secure & cost efficient blockchain transactions without the involvement of the third party. One of the advantages of using smart contracts platform is that the process can be automated.
Consequently, if the threshold of funds is not met, then all the money is returned to the investors.
4. Decentralized is safer & cheaper
One of the most believable thing in the centralized banking institutions is that they provide a safe place to keep the people's money. Karatcoin is even safer because it is a decentraslied & automated system.
Allocated Karatcoin tokens are gold deposited under a safekeeping or custody agreement.
For the Unbreachable security for bullion bars there is needed strong vaults, prudent use of technology, carefully constructed systems & monitoring & control of human factors. This safekeeping requires some security cost which will be bearable to owners of gold bars.
These costs are an important element that determines the nature of the relationship between custody & the owners.
These are the solutions provided by #Karatcoin Blockchain which will cover all the major as well
as minor issues related to physical gold possession & their safekeeping.
I hope, this Article will help you to understand the concerns regarding with gold possession in Centralized systems and the requirement of the transparent & cost effective system for managing the gold assets.
Visit: https://karatcoin.co/#tokenSale
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Article by- Sumit Bisht
My BTT profile link: https://bitcointalk.org/index.php?action=profile;u=2396148;sa=summary