Tuesday, June 26, 2018

Karatbars gold backed cryptocurrency now listed on a major crypto exchange

While cryptocurrencies as a whole have been hemorrhaging market cap during the first six months of 2018, it has not stopped a growing number of resource backed ones from being initiated or ICO'd.  And the newest one to get picked up by a major crypto exchange is that of KaratGold Coin.

Karatbars has been long known as a company that provides affordable gold backed by LBMA certified refiners in 1, 2.5, and 5 gram increments, and has been working to facilitate their products as a medium of exchange with the retail community.  However a decision by Karatbars to join the cryptocurrency phenomenon has led to one of the biggest ICO's in history to date.

KaratBars International is pleased to announce that their gold-based cryptocurrency KaratGold Coin (KBC) has been enlisted recently in HitBTC, one of the leading cryptocurrency exchanges. The first ever cryptocurrency to tie its value to the price of gold, KaratGold Coin has recently concluded one of the most successful ICO campaigns ever with a collection of well over one hundred million US Dollars. 
The architecture of the KaratGold Coin (KBC) ecosystem is based on the safe, cost-efficient and fast Ethereum blockchain protocol and proven financial hedging strategies.  Unlike many other utility tokens, this coin has been designed to be a crypto asset backed by a certain tangible amount of gold. As a result, the long term stability of the coin is ensured by its gold collateral. – Null TX
While there are now over 40 different gold backed cryptocurrencies in the crypto sector, Karatbars stands out due to the fact that they have been a proven and viable gold company since 2011.  And with their being picked up by a major crypto exchange here on June 25, it will only increase their exposure in both the physical and cryptocurrency gold markets.


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