|What Will These Coins Be Worth?
People ask me this every day and I always say.. "I have no idea" How could I?.. The open market will decide.
What I do know from The CEO Harlad Seiz himself is that there's a plan to ensure every coin will have €3.50 worth of physical gold in the vault in Singapore.
He has repeated this in this weeks videos on Youtube HERE . Watch them to hear it for yourself.
To summarise what he states:
20% of all company profits from Karatpay/Karatbank will go towards buying physical gold which will be placed in the vault in Singapore.
This will accumulate until there is 0.1g worth of gold for every Karatbank coin that exists.
In simple terms, every coin will have €3.50 worth of gold backing it. Like a "Gold Standard" for the Karatbank coin! He also talks about buying an actual gold mine and issuing a Karatbank debit card and other plans.
Today the market price for 1kg of gold is approx €35,000 so 0.1g of gold is €3.50
The theory is that a coin which has the backing of physical gold in the vault of €3.50 per coin will rise to a higher price than even €3.50.
Bitcoin is €7,000 and Ethereum is €550 per coin with no asset backing them at all.
If (and its a big if), the Karatbank coin gets to €3.50
*My 1.3 million tokens I own will be worth €4.5 million euros!
*Someone who bought 1g of cashgold this week and exchanged it for 8500 tokens will have €29,750 worth of coins for spending €58.30!
*Someone who bought a VIP package and received 1000 free tokens will now have €3500 worth of coins as well as their business package!
How long do you think it will take for the 4 billion gift tokens in Karatbars to be used up?
The 4 billion coins that Karatbars have still have to be given away, even if it is months after the ICO is over and the coin is on the open market.
Interesting Stuff And Interesting Times!!!
When the ICO is over and people realise you can get free tokens by buying Karatbars products we are going to have an avalanche of sales.
That's why I encourage you create a free karatbars account now and to get your five steps on the dashboard completed ASAP.
I don't like hype and I am fairly pragmatic so having said all that I will be happy if the coin stays at €0.01 cent because I will have lost nothing.
I have also only spent what I am prepared to lose and that should always be the case for everyone.
What I do know is that since I sat in an office with Harlad Seiz in 2014 he has kept every promise and delivered everything the company said they would.
He told me then about his dream of branding cards, cashgold notes, being open in 100+ countries, Karatpay and Kexchanges and everything he said then has become a reality.