Karatbars: A Cryptocurrency with a Gold Standard
What is Karatbars?
Karatbars is a company founded in Stuttgart, Germany in 2011 by Harald Seiz. The company offers small quantities of 9999 pure gold bullion as well as gold-backed cryptocurrencies.
Karatgold Coin (KBC)
The Karatgold Coin (KBC) is a cryptocurrency that is directly linked to physical gold. This means that each KBC is backed by a specific amount of gold that is stored in a secure vault. KBC can be used as a means of exchange within the Karatbars ecosystem or it can be redeemed for physical gold.
How to Buy Karatbars
The most straightforward way to buy Karatbars is to find a reliable centralized exchange where you can buy KBC. Some of the exchanges that list KBC include Binance, KuCoin, and OKEx.
You can also buy Karatbars directly from the company's website. However, you will need to create an account and provide proof of identity before you can make a purchase.
Karatbars in the News
Karatbars has been in the news recently for a number of reasons. In March 2018, the company introduced a new cryptocurrency called KaratCoin (KRC). KRC is not backed by physical gold, but it is designed to be used for everyday transactions.
In October 2019, Karatbars announced that it had started a campaign to promote the adoption of KBC. The campaign includes a number of initiatives, such as a social media contest and a referral program.
Conclusion
Karatbars is a company that offers a unique way to invest in gold. The company's gold-backed cryptocurrency, KBC, provides investors with a way to own gold without having to worry about storage or security.
Karatbars is a controversial company, but it is also a company with a lot of potential. If you are interested in investing in gold, then Karatbars is worth considering.
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