KaratBars Announces Plans to Launch KaratBank ICO

Karatbars International ReviewRecently, Karatbars International has been getting a lot of hype on the internet.

I have had people pitching this one to me on a near daily basis, in fact, and I have seen it making the rounds on social media as well.

I want to make it clear I am NOT promoting this business opportunity as an affiliate or distributor in any way.

I have done all my research in this Karatbars International review do you can learn the honest truth and decide if it’s right for you.

Is Karatbars International a scam? Is it legit?

Can it really deliver on it’s promises?

Let me tell you in my Review Karatbars International.

Let’s get started.

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Seriously, What Is Karatbars International?

Countless MLM opportunities have been trying their hand at offering ICOs to their affiliates, and the latest company to do this is that of KaratBars.

KaratBars International is an MLM entity that offers both pyramid recruitment and gold offerings, and while you can purchase gold from the company, the compensation plan makes it very clear that the primary focus lies with affiliate recruitment above all else.

However, despite this, KaratBars’ website leads visitors to believe the exact opposite. It’s a tricky move, and a nice reminder that you should always do a fair bit of research before taking the word of any opportunity you come across.

That point aside, KaratBars recently announced that it’s launched its own ICO called KaratBank Coin.

According to the company:

“KaratBank Coin is a blockchain-based cryptocurrency that is linked to physically deposited gold in the form of the so-called CashGold.

Each 10,000 KaratBank Coins can be exchanged for 0.1g CashGold at any time.”

Karatbars International Scam

If you then navigate to KaratBank Coin’s website, you’ll see that the company claims “the idea behind CashGold is to implement small gold bars on a specific paper which partially looks like a bank note. However, instead of mentioning a specific currency amount, the weight of the implemented gold bar is displayed.”

Along with this, you can see a photo of what’s supposedly CashGold. This consists of paper that each have a little square of gold on them.

KaratBank continues describing this with the following:

“Each coin represents an imaginary certain weight of gold whereby a quantity of 10,000 KaratBank Coins can be exchanged for physical gold in the form of 0.1g CashGold.”

Other than this, you’ll find your basic ramblings about how KaratBank Coin is so much better than bitcoin and ethereum and how it’s the only ICO you should bother investing in.

You can currently buy KaratBank Coins (or KBC) for 1 cent to 5 cents each, and at the time of publishing this article, there are more than 12 billion KBC points that KaratBars plans on creating.

Also, according to KaratBars International, affiliates will be forced to purchase 1000 KBC at a time if they choose to invest.

While KaratBank Coin obviously positions itself as a typical pyramid scheme, it’s also worth taking note of the following:

“United States of America citizens, residents (tax or otherwise) or green card holders as well as residents of Canada, the Peoples Republic of China or the Republic of Singapore are not eligible in the KaratBank ICO.

The United States of America include Puerto Rico, the U.S. Virgin Islands, and any other possessions of the United States.

It’s perfectly legal to offer an ICO in the United States and Canada assuming you go through the proper channels to get it registered, so it would appear that KaratBars is choosing to simply forgo this process and not offer its ICO in these countries rather than offer them anyways in an illegal manner without registration.

Also, there’s a problem with the reported tie ins to CashGold.

While this is something that KaratBars is trying to promote, this really isn’t the case:

“The KaratBank Coin is a speculative coin. Although the proceeds from the sale of the KaratBank Coin shall mainly be used for the purchase of CashGold, the KaratBank Coin is not pegged to the purchased CashGold. A total loss of the money invested in the KaratBank Coin cannot be excluded.”

You can start investing as much as 10,000 EUR into KBC if you’re interested in doing so, but if I’m being honest, this is a company I would avoid. There are too many gray and fishy areas for me to fully recommend it, and there are plenty of other opportunities out there that are worth spending your dollars with.

Seriously, Is Karatbars International A Scam Or Is This Legit?

As I am sure you have heard with most business opportunities, there are a lot of scams on the internet, and Karatbars International might be a scam with them.

Having read the review above, you might be wondering if Karatbars International is legit or completely a scam.

So, is it a scam?

Is Karatbars International a scam, or can you make a proper business with it?

Honestly, Karatbars International isn’t a complete scam, but there are definitely some things to be aware of (see the conclusion section).

Whether you decide to join or not, you really need to master your marketing and lead generation.

This is the only way you will be successful.

See below for help with making money online.

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Here’s My Karatbars International Final Thoughts!

 

Hopefully, you have enjoyed this Karatbars International Review.

I wanted to give you this in-depth review because there have been plenty of other Karatbars International reviews that don’t really give all the information you need.

If you do decide to join, I want you to be successful, so learn how to market yourself properly.

My FREE training below will help you market and earn money!

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