KaratGold Coin (KBC) was introduced to the world in February 2018. KBC uses the Ethereum blockchain and was created as a part of the Karatbars International product universe. Most of the cryptocurrencies are backed by just an idea or business model, but the launch of KaratGold Coin created a new tendency – linking digital currencies to gold.
Being the first coin linked to a tangible asset, the KaratGold Coin (KBC) includes the advantages of a cryptocurrency and the trustworthiness of gold. Gold represents freedom and independence for people. It has always been a universal equivalent. The objective of Karatbars is to return the gold to people and the Golden Independence Day set a new standard for cryptocurrencies – it was the proof of their security and reliability.
On July 04, 2019 Karatbars International hosted The Golden Independence Day, where the participants took their chance and exchanged first time their KaratGold Coins (KBC) for gold: 1 gram of 24 carat gold for 100 coins, making KBC the first digital currency that actually approved to be convertible into a truly valuable asset.
KaratGold Coin (KBC) is a desirable asset because it is connected to pure gold. KaratGold Coin is listed and tradeable on numerous leading cryptocurrency exchanges. The cryptocurrency can be used at CEM’s (CashGold Exchange Machines) and is the fundamental element of K-Merchant, Karatbars’ own blockchain-based payment gateway for online and offline payments. Thus, everybody can buy KBC (and, obviously, gold) and digital currencies such as Bitcoin, Ethereum, and use it at every kind of point of sales (retailers, e-shops etc.) for all the necessary purposes.
KBC has been created as a universally accepted electronic means of payment for all the people who consider gold a conventional, secure, and stable asset.
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