Tokens and coins whose value is not backed by anything other than marketing, no longer work. Therefore we are able to witness the advent of several asset-backed tokens, that combine historically successful assets with the blockchain technology. Precious metals – especially gold due to its qualities and stable demand – are ideal for securing digital assets attached to them. Despite this, until now few have managed to move from theory to practice and release a really working coin underpinned by gold.
The situation has changed dramatically for the better with the advent of the KaratGold Coin (KBC) which combines the advantages of a physical asset and crypto. Being easily convertible to gold and featuring the properties of a full-fledged payment instrument, the coin stands a good chance to decentralize hundreds of millions of dollars for the benefit of investors from around the world. Moreover, the coin issuer took care of all the necessary infrastructure – from an ultra-secure smartphone to software for online stores – to make the coin easily and safely circulated.