Four weeks ago, we conducted a substantial analysis of the KaratGold eco-system and published our results in our series “Do ICOs keep their Promises?”. While evaluating the project’s roadmap goals and actual accomplishments, we came to the conclusion that KaratCoin Bank and its associates took their roadmap very seriously and accomplished almost every single milestone right on time.
Now, almost one month later, Karatbars International and GSB Gold Standard Banking Corporation AG once again prove the seriousness and earnestness of their business model. The management of both companies provided us with authoritative documents, which confirm that the estimated raw material deposits of the KaratGold owned goldmine “Fort Dauphin” equal several tons of precious metals and other precious materials, including gold, silver and uranium.
According to the documents we received, Fort Dauphin is located in Tolagnaro, a city on the South-East coast of Madagascar, while the documents confirm that the mine is owned by the German company GSB Gold Standard Banking Corporation AG, and the Singapore-based KARAT GOLD corporation PTE. LTD.
Both enterprises are further securing their leading position in the market, by launching several other initiatives in the blockchain world. This includes the world’s first voice-over-blockchain smartphone IMpulse K1, the blockchain-powered payment solution K-Merchant, the hybrid cryptocurrency and gold trading platform KaratBit, as well as several other blockchain solutions linked to gold.
Karatbars CEO Harald Seiz and Chairman of the Board Josip Heit confirmed that the company remains on track with its future plans for the ecosystem. This does not seem to be an individual opinion, as blockchain experts recently described KaratGold Coin to be one of the most promising blockchain companies in the world-renowned business and finance publication Forbes.