Karuschain (KRS) Initial Coin Offering - ICO Details & Financial Information

ICO NameKaruschain
Start DateJanuary 14, 2020
End DateFebruary 14, 2020
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The Karuschain platform uses the Ethereum and Hyperledger blockchains, our implementation of sophisticated smart contracts (chaincode), and the management of key data flows from legacy systems and innovative hardware throughout the precious metals supply chain.

Karuschain platform technology will allow supply chain participants to determine the source of the metal as it flows upstream. It will allow them to track the metal from the source onwards and then for other participants to trace backwards to the source. It will allow a participants’ compliance department to determine what compliance data to store on its private blockchain channel and with whom to share read-only access.

Downstream participants have a clear incentive to connect to Karuschain to meet their compliance and CSR obligations as the available pool of data and upstream producers increases for tracing/cross-checking purposes. They will, as major buyers of the output of upstream companies, exert pressure to open up data flow from upstream in to facilitate source tracing. The demonstrable success by both upstream and downstream participants in meeting their compliance obligations will drive data sharing, platform use, and industry end-user acquisition.

The Karuschain platform will be built on a foundation of a compelling use case. It will evolve into an industry driven ecosystem supporting the greatest possible transparency in the precious metals supply chain/market.

๐Ÿš€๐Ÿ’ฅKaruschain is constantly evolving! We are excited to share that our IEO is over and that we will be transitioning into the next phase of our business. Stay tuned to follow the next steps on our journey to bring #blockchain technology to the #mining industry! ๐Ÿ’ฅ๐Ÿš€

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๐Ÿค“Read all about how "#cryptocurrencies and #blockchain are entering the rapid growth stage of the technology life cycle."
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Price0.1000 USD Sale500,000,000 Payment ModeETH, BTC
Minimum InvestmentN/A Distribution65% RaisedUnknown
Soft CapN/A Hard Cap10,000,000 USD

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General ICO Warning:

Due to the high number of scams associated with initial coin offerings, Wise Cryptos does not recommend investing in any ICO. There are many sources quoting anything from 80% up to 95% failure rates of Initial Coin Offerings for one reason or another. While the exact figures are difficult to accurately identify, the overall trend is worrying and investing in an ICO often feels as risky as wildly and irresponsibly gambling at a cryptocurrency casino. This is a real shame for the genuine projects with real promise and practical and useful real world application.

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