Latest News

KTC and PUFFY tokens are in the spotlight – market wrap

KTC is the native utility token of the Karatcoin platform. This token and the project behind it are very interesting. They offer great opportunities to crypto users. There are so many new protocols in the Defi space that it’s hard to know which one will be a good investment. However, Karatcoin proves to be worthy of attention.

Experienced investors know to be wary of market volatility. It often causes people to lose tremendous amounts of money. That’s why traders rush to safe-haven assets as soon as they get hints that their riskier assets may end up in the red. While that is true when it comes to cryptos as well, some digital currencies are safer than others. KTC is one of them. This token is linked to Gold and silver, both of which are known as one of the most secure commodities worldwide. You can always depend on Gold, the world’s oldest trading currency.

Furthermore, the project has a well-developed roadmap, and it aims to offer solutions to several problems currently plaguing the market players. The first one is the acquisition of Gold. The latter has been the currency of choice over the centuries because of its proven history as a hedge against inflation.

Nowadays, the global gold market is lopsided, though, making Gold a scarce commodity, even for investors. Individual miners and small goldmines around the globe struggle to sell it outside the borders of their territory. As a result, the demand for Gold is high while the supply remains low.

The second problem is that the bond value of the centralized gold market has experienced a downward pattern. Currently, it sits at a low yield with only a 1.6% interest rate per year.

What are the other problems that the Karatcoin project faces?

Thus far, investors and traders have no established way of having direct contact with gold miners. They often have to rely on mediators to acquire precious stones or metals. That means the middlemen can manipulate the gold price to their advantage. Even if investors manage to overcome these obstacles and purchase precious metals, they still have to store and protect their new investments, which also proves challenging. Finding the proper storage and protection for their Gold is very difficult.

Considering all these problems, Karatcoin worked out several solutions to help the investors. The company will offer various services. For instance, it will link goldmines directly to investors, thus eliminating the middlemen. It has already concluded a landmark agreement with a large European refinery to mint their mine-sourced Gold and store it in their vaults in Singapore and Switzerland.

If that scheme works, Karatcoin will unavoidably become an essential part of European and Asian economies. Having both gold mines and vaults is a huge milestone, and it should guarantee any investor. The team has also promised gold mining operations in South America and Africa. All these will increase the global gold supply, which on the other hand, will lead to an increase in the value of the Karatcoin.

Furthermore, the team plans to issue a bond in terms of Gold Asset Certificates. Such bonds will pay between 5 to 6% yield. The company will pay a return to its investors every six months until maturation.

How will the team conduct transactions between the platform and investors?

By deploying the use of smart contracts, the company will handle transactions seamlessly with its customers. Thanks to these smart contracts, users will be able to exchange money, shares, property, or anything of value. Moreover, they will do that in a transparent, seamless way while avoiding the services of intermediaries. Users can also automate the transactions on the platform. The team also mentioned that Karatcoin would offer a decentralized loan product for its eligible members. The company tailored the Karatcoin Loan (KCL) according to the needs of customers.

Karatcoin also plans to integrate gold assets and certificates into the Ethereum blockchain. The team will develop Karatcoin’s blockchain on EOS technology. This software provides authentication, accounts, asynchronous communication, databases, and the scheduling of applications across multiple CPU cores. That means the platform will have a scaling capacity of millions of transactions per second. Karatcoin team promises its platform to be faster and more secure than other blockchains like Bitcoin.

What about Karatcoin’s other features?

In addition to already discussed features, the company will offer its own DApp. It has already created several versions for desktop, windows, and Mac. The team will launch mobile versions for Android and IOS soon.

There is also Karatcoin’s Delegated Proof of Stake consensus mechanism (DPoS), which the company utilizes. It is the fastest, most decentralized, efficient, and flexible consensus available. Besides, it enables reliably confirmed transactions every 10 seconds.

The company’s token KTC is an ERC20 type. It is already in the spotlight, and its value will likely increase over time.

What about Puffy Finance?

Puffy Finance’s token is also trending. It is a decentralized trading platform, which offers AMM and Liquidity for Defi yield farming. Its customers will be able to enjoy great yield and APYs, along with raffles, lottery, and other benefits. The company also offers interesting features. Customers can farm LP tokens and earn $PUFFY, $MATIC, and other listed assets. Moreover, Puffy Finance’s launchpad helps raise funding for play-to-earn and Metaverse-related projects.

The company launched its native utility token PUFFY on November 21, 2021. The pre-sale will end on December 12, 2021. The token price is 0.095 USD per PUFFY during the initial coin offering. The total supply of PUFFY tokens is 50000000, but only some percentage will be available at the initial stage.

The team plans to bring next-generation Defi to 0xPolygon. It will employ the scalability and power of Polygon, as well as Binance Smart Chain and other Ethereum EVM compatible platforms.

Furthermore, its native coin is deflationary. The token burn mechanism will keep reducing the available PUFFY tokens. While the supply decreases and demand increases, the value and price will grow, as well, bringing more profit to the token holders. The company also created the PUFFY NFT Marketplace. According to the team, the latter is the most advanced NFT Marketplace so far.




Trading Instrument

Subscribe to our newsletter

Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.

You may also like

Leave a reply

Your email address will not be published.

More in Latest News