The ICO (Initial Coin Offering) is hot right now. And with Karatbank blockchain based linking physically deposited gold, it’s about to get hotter. Source: Bitcoinst news in Telegram, “5 interesting token sales projects to look at in February and March.” The Karatabank coin, was the last of the five choices.
Each 10,000 Karatbank coins are promised to be exchanged for 0.1 gram Cashgold at any time. Most people find it difficult to acquire large gold bars or do not know how to contact a gold bullion broker. In addition, many people feel like they don’t have a home vault strong enough to physically store gold. Karatbar products are produced by LBMA accredited refineries, but in small gram quantities from 0.1 gram to 5.0 grams.
The Karatbank coin is designed to used as a generally accepted electronic payment for goods and services. Gold is considered a traditional, true, secure, and value-stable medium of exchange. Most people think of large heavy gold bars behind large vaults. A large percentage of gold is converted into into items of jewelry and art. 18 percent is located in the vaults of central banks and other monetary institutes, and 16 percent is in the form of bars and coins held by investors.
Below is the Bank of England Gold Vault which contains 4,600 tons of gold.
This is one of 15 impenetrable bank vaults. in the world.
Gold was the medium of exchange in the form of gold coins for years, however it has been continually been replaced by banknotes. The problem with this is, that the value of bank notes, depended on the country. In less developed countries the trustworthiness of legal tender moves towards zero. As the US currency was taken off the gold backing the value of it’s currency is also falling. When the government starts the printing press to handle their liability, individual have less money value (buying power) in their pocket.
Currently, more than 480,000 customers from more than 120 countries have already bought the smallest gold bars, from Karatbars International GmbH, which in Headquartered in Stuttgart Germany. The total investment of these customers amounts to nearly Eur 120 million. With this customer base, it’s obvious that the Karatbank coin will achieve a high market capitalization and will create a success story for many.
The visionary behind the idea of the Karatbank coin is Mr. Harold Seiz, a German entrepreneur founder and owner of several companies, author of books, guest speaker, and founder C.E.O. of Karatbars International GmbH, Stuttgart Germany.
Karatbars International is a global e-commerce company that is based in Stuttgart Germany. The company founded in 2011 specializes in the production and sales of high quality gold products in small, transaction friendly weights.
Karatbars International is not a Multi-Level-Marketing MLM company. Wealth Builders World Wide is an affiliate organization that assist independent business owners (IBO). For more information go to the real money.com.