This year, Gold Standard has made the most significant step in shaping the New History of Gold.
Having entered the market with the idea of gold-backed cryptocurrency, Gold Standard completed one of the most successful ICOs in history.
KaratGold Coin ICO has raised $100 million, which confirms the fact that nothing is as reliable and prosperity-guaranteed as Gold.
Why did the ideas of the Gold Standard turn out to be so wanted and timely?
Karatgold Coin project has a specific feature which sharply distinguishes it from other innovative startups of 2018 – it is not limited solely to internal problems of the cryptocurrency community.
In fact, Karatgold Coin solves the issues faced by the conventional economy and global monetary system.
Karatgold Coin is a concept of the future that has already come true.
Today, numerous analytical reports of supranational financial institutions highlight several global problems of the current world monetary system. Their elimination is the primary aim of Karatgold Coin reformers.
The first and most important problem emphasized by virtually all experts is that the modern world monetary system does not reflect a real situation in the world economy.
The notable and fast-paced development of regional economies is hampered by the weakness of their own locally limited currency systems. Expansion of KBC and KCB cryptocurrencies backed by gold includes global market mechanisms, which allow capital and commodity flow to move faster and increase the efficiency of the global economy.
The second problem of the global monetary system is the growth of global instability that causes an increasing number of financial crises, volatility in key markets and the accumulation of imbalances.
Introduction of gold-backed KBC cryptocurrency independent of the central government will help stabilize the global payment system and balance commodity-cash flows.
The third critical problem is economically unreasonable privileges of the dollar that is currently used as a calculated currency.
The net annual U.S. gain from the dominance of the dollar as a reserve currency varies from $50 billion in stable years to $150 billion in times of financial crises.
Today it has become evident that it is necessary to diversify international currency payments through the creation of a supranational cryptocurrency based on gold as the generally accepted equivalent.
Understanding how important it is to solve these problems, Gold Standard continues to rapidly develop a world blockchain-based payment system that uses cryptocurrency secured by gold.
The reasonable review shows that global transformations implemented by Gold Standard as part of its visionary mission require consistent and large-scale actions.
Therefore, Gold Standard consistently accomplishes the key objectives that will ensure achieving their goals.
Gold Standard sets and completes goals and objectives in two interrelated strategic areas of activity at the same time.
The first is associated with the development of blockchain infrastructure and will enable users to use gold-backed cryptocurrencies with the most comfort and at best value.
The second area is conditioned by the creation and development of a global payment system, which will become the basis of the gold and foreign currency circulation.
Let’s take a look at how Gold Standard builds the infrastructure and develops a global payment system based on gold.
To create the infrastructure based on which gold-backed cryptocurrencies will circulate it is required, first of all, to provide a link to the conventional economy and fiat money. This objective was attained by establishing KaratCoin Bank in the USA, the first licensed cryptocurrency bank in the world.
Upon completion of the ICO held by KaratCoin Bank, it will become the international settlement center, linking the conventional economy and gold and foreign currency circulation based on KBC and KCB cryptocurrencies.
Secondly, Gold Standard was required to ensure gold coverage of the cryptocurrency created. For this purpose, Gold Standard acquired and went on to exploit the gold mine “Fort Dauphin” in Madagascar. All the gold of the mine, evaluated by auditors at 1.2 billion dollars, will be extracted and used to cover KBC & KCB.
To follow up the success of “Fort Dauphin” Gold Standard decided to invest in the gold fields of the Republic of Guinea, where it obtained a permit mine gold totaling more than 200 tons.
The third area of activity was the development of the digital infrastructure required to ensure user-friendly and easy access to KBC and KCB. This area was marked by the implementation of several projects at once, including the development of the KaratGold Coin mobile application, which provides access to the gold-covered payment system, and the opening of the official KaratBit Exchange. Provision of full-scale banking services and release of a payment card are underway. Access to ATMs, eWallets and the KaratPay system is provided worldwide.
All these impressive steps were taken by Gold Standard during 2018.
The creation of a global payment system based on the circulation of gold-backed cryptocurrencies will constitute the next stage of its development.
What steps is Gold Standard taking at the moment to accomplish this visionary mission?
Firstly, in 2019, KBC and KCB cryptocurrencies will be tightly tied to gold. Starting from the Gold Independence Day, everyone will be able to exchange pure gold for KBC.
The global cryptocurrency market will welcome the first coin that has a stable value that is tied to gold and easily exchangeable from KBC to gold through Karatbars’ KaratBit exchange.
The stable value offered by KBC to the market will make it a cryptocurrency preferred for use in blockchain transactions and will eventually drive most cryptocurrencies out of the market. The KBC value will grow as its infrastructure grows and the payment system develops.
Secondly, the decisive and determinant step to be taken is making the MAINNET available for the public, an innovative blockchain where Gold Standard is extensively investing its efforts and resources today.
Thirdly, Gold Standard continues developing its payment system in a quick manner being faced with a global aim. Based on KaratCoin Bank a global blockchain-based cryptocurrency system backed by gold is being built up. To arrive at this goal the KaratCoin Bank has developed mechanisms that will enable owners, retailers, and governments around the world to use the innovative blockchain based currency covered by gold. A blockchain based World Central Bank issuing a Stable Coin will be established.
The global payment system based on a cryptocurrency backed by gold is an efficient but rather complex structure.
Gold Standard Bank exerts persistent efforts towards consistent deployment and debugging of its components.
In general, the ideal blockchain-based payment system is a tandem of the cryptocurrency gold standard and financial structure that can guarantee that the cryptocurrency is exchangeable for gold.
Gold Standard Bank headed by visionary Harald Seiz, has already offered solutions which are the basis for the global gold-value circulation.
In October 2018, the holding announced the adoption of cryptocurrency gold standard - starting from the Gold Independence Day, July 4th, 2019, KBC coins can be exchanged for pure physical gold. It is guaranteed that 100 KBC can be exchanged for one gram of gold.
The blockchain economy, based on the cryptocurrency gold standard, will have a fixed exchange rate and the owner of one hundred thousand KBC will be able to exchange them for 1 kilogram of pure gold.
At the same time, Gold Standard Bank announced the opening of the KARATBIT cryptocurrency exchange supporting the liquidity of gold-backed cryptocurrencies.
These steps are the essence of Gold Standard Bank’s strategy, which makes it the global leader in the blockchain revolution.
Efficient and successful completion of the mission to create the global blockchain-based payment system will make it possible to launch the stabilizing center of the World economy.
Is it possible to implement these plans in the near future? Yes, it is.
Today there is a clear promise of Mr. Harald Seiz, CEO, and Founder of Gold Standard Bank: “I guarantee everyone, that they will receive 1g gold for 100 KBC each on Independence Day (July 4, 2019)”.
As it has been proven during the years of the gold holding development, the only thing that Gold Standard Bank values higher than gold is its word given to backers. If you take a scrupulous and close look at the history of the project, you will find that all its promises are fulfilled in a timely and very consistent manner.
Well, come join Dr. h.c. Harald Seiz and us to bring this payment system into being that is coming with or without your help, and secure your money in a real asset, GOLD.
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