There are two things that need your attention before 15th December, this Sunday, so please have a read through this as soon as you can.
1) Move your coins.
It’s come to my attention recently that quite a few of you are sitting on KBC and KCB in either MyEtherWallet or in their Karatbars dashboard, or even on an external exchange like HitBTC etc.
I appreciate that many people may not be keeping a close eye on the events unfolding with Karatbars, and that’s fine, but it would be remiss of me not to alert you to things you need to do to ensure your assets are transferred correctly when the hardfork begins on 15th December, in five days from today.
If you hold any KBC or KCB then please make sure you read this now and take action as soon as possible to ensure a smooth transition.
What is the hardfork all about?
First of all… it’s not really technically a blockchain hardfork, but the word still applies as the effect is the same. Currently your KBC and KCB tokens are ERC20 tokens on the Ethereum blockchain. Don’t worry if that means absolutely nothing to you, you don’t need to understand it.
Karatbars have developed and launched their own Blockchain, called KaratNet, which is a state of the art, super powerful blockchain over which runs their blockchain smartphone K1, their blockchain laptop WHIM, their exchange KaratBit, their CEM network (Cash Gold ATM’s), and their merchant software K-Merchant.
The token that runs on this blockchain is KBC.
But, since this is a bespoke blockchain, it needs its own bespoke token, so Ethereum ERC20 tokens can’t run on it. This means the KCB and KBC tokens you currently hold will need to be EXCHANGED for the new KaratNet KBC tokens.
So, on hardfork, if you have 100,000 KBC tokens in your KaratBit account, these will be exchanged for 100,000 KaratNet KBC tokens.
If you have KCB tokens in your KaratBit account, these will be exchanged for an amount of KaratNet KBC tokens that equal the financial value of your current tokens… and that will obviously depend on the value of KBC tokens when they are exchanged.
You must ensure that you exchange your current tokens for the KaratNet tokens because any tokens you don’t exchange will eventually become obsolete. Don’t panic though, even after hardfork starts on 15th December you will still be able to exchange them at the rate set on that day, but it makes sense to set it up now so it’s done automatically rather than faffing about trying to exchange them at a later date.
To confirm… on hardfork your current tokens will be exchanged for KaratNet KBC tokens which will have the same value of the tokens you hold now.
This is why it is sensible that you get your tokens into KaratBit BEFORE 15th December.
Now, to be fair, I don’t know for sure how long the hardfork will take but it makes sense to be prepared and get your ducks in a row in good time as then you don’t have to worry about anything, especially with Christmas just around the corner.
You might have coins in an external exchange and leave it to the last day only to discover that you haven’t properly completed your KYC’s on that exchange and can’t withdraw immediately. Or you might have assumed that leaving them in your MyEtherWallet account was ok… it’s not!
Fortunately a colleague of mine, John Rawnsley, has made a bunch of videos explaining the process for moving your coins out of MyEtherWallet and into KaratBit. Also, for opening a KaratBit account if you haven’t done that already.
So this is what you need to do… find out where your coins are. If they are not in KaratBit then move them to your KaratBit account. If you don’t have a KaratBit account, open one. If your coins are on your KaratGold/Karatbars dashboard then make sure it is linked to your KaratBit account so that they can be moved over.
Here are the videos to guide you through the process.
2) Last chance to get KCB at a greatly reduced price.
There are only five days to go where you can get KCB at a reduced price before the fork/merge starts on the 15th so if you’ve been putting off taking advantage of the massive bonus offers on KCB then now really is your last chance.
Spend €100 now, get a minimum of €150 back in KCB coins and, depending on what you buy, get back as much as €220 in KCB coins. If we take the K1 Impulse Phone and the WHIM laptop combo package as an example you would spend €5,200 and get €10,400 of KCB coins. You’d also get the tech of course and a VIP business position within Karatbars.
Think about that. You buy a state of the art blockchain phone and laptop for €5K and you get the phone and laptop PLUS €10K worth of crypto which you can sell in the new year. You could very well double your money and have the high tech gadgets, effectively, for free.
But you have to do this before Sunday.
You could spend €150 on a profit package and get €225 in KCB and a bronze business package. However much you spend on any package between now and 15th December will come back to you in KCB coins and will also get you some form of business membership with Karatbars from Bronze to VIP status.
You might think that the last thing is irrelevant for you as you aren’t looking for a business or additional part-time income but this company is going to be listed on the Frankfurt Stock Market and other stock markets to follow that very soon. Next year there is every danger that this business could become a household name.
Can’t Use Your Credit/Debit Card?
If you don’t know already, the banks are building their own blockchains and getting their own cryptos ready so they don’t want us buying any crypto first!
Over the past few weeks they have been blocking cards when some affiliates have tried to buy WHIM’S, K1’s, Profit Packages etc. (because they had crypto coins attached)
The good news is they never block CashGold purchases and we can simply buy CashGold with our normal bank cards and use CashGold/Karatpay to pay for the packages.
If you have any problems buying any packages then follow the directions below.
Please watch it now here
If you’ve been sitting on the fence about getting involved with Karatbars then now is decision time. You have a final opportunity to join the company, get either a profit package, gold, or state of the art smartphone or laptop and, more importantly, effectively get paid in crypto just for joining.
Next year is going to be an exciting year for Karatbars and owning the cryptocurrency that powers the whole business seems to be a very good bet to me.