If you’re a crypto investor, you probably are interested in this whole “real world adoption” thing that everybody is talking about. “Real World Adoption” is what people refer to when they’re talking about crypto going into the mainstream. If this happens, potentially trillions of dollars in resources could flood into the markets, and your mom could buy Bitcoin without asking you to explain how.
But for this to happen, there have to be technologies and applications that are of use to regular people, not just internet denizens. Asset tokenization is one of the things that might just do the trick.
We’re all familiar with Tether, the stablecoin that’s supposedly backed by real US Dollars. However, there are a handful of high-quality tokens that are actually linked to real assets. And these create a pretty interesting value proposition for investors well outside the crypto sphere.
For example, assets like KaratGold Coin (KBC) allow a user to buy gold, without actually having to possess, store, or transport it. The gold is held in reserve by a company called Karatbars International. Karatbars has been in business since 2011.
You’re free to check up on all of these claims yourself, but if they’re true (which they are), KaratGold Coin definitely has a greater claim at inherent value than Tether. KaratGold Coin also distinguishes itself from Tether because KBC holders can trade their coins for gold (in the form of CashGold – a currency note product from Karatbars). This is something that was never possible with USDT, and likely never will be.
This is a very interesting value proposition for investors outside the blockchain world. There are plenty of investors who buy gold today, but nobody denies that gold is pretty inconvenient to use. Gold is heavy, it has to be stored in expensive, secure locations like vaults and safes andit takes time and money to sell gold, meaning that once you have money in gold, getting it out won’t be convenient.
KaratGold Coin totally changes this. KBC can be bought with Bitcoin, Ethereum, and fiat. The fact that it can be traded for gold means that owning it is essentially the same thing as owning gold. But KBC is infinitely more liquid. KBC can also be spent to by goods and services online, using the K-Merchant app. It’s also the native token on the IMpulse K1 smartphone, paying for service in a way that gold would never be able to. Linked to the phone, Karatbars presents a clear utility of Karatgold Coin being that KBC serves as a credit for phone calls.
All this means that KaratGold Coin is adding new ways how gold can be used exponentially. For people who already like gold, but have never used cryptocurrency, this makes crypto a really interesting technology possibly for the very first time. As KaratGold Coin catches on, expect to see many people from well outside the cryptocurrency community start to get interested. KaratGold Coin may not spur on mainstream adoption all by itself, but it is definitely a step in the right direction.