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Dear affiliates and partners,
the KCB exchange is extended until 23.59 CET on 13 January 2020. The Hardfork (SWAP) is not affected by this and is running as planned.
This decision will help to ensure that all Affiliates have sufficient time to exchange existing KCBs either into KBCs or into the vouchers of the upcoming GSB IPO. The components of the GSB IPO are explained in detail at the end.
KCBs still in Karatbars accounts will be send to Karatbit, provided the Karatbars account is linked to Karatbit. If this is not the case, a timely transfer cannot be guaranteed.
To ensure the correct exchange for all, the following steps must be taken:
Your Karatbars account must be linked to your Karatbit account
In the Karatbit Dashboard, select the number of KCB you wish to exchange for KBC. The exchange ratio is 1 : 2.54. For one KCB you will receive 2.54 KBC.
KCBs that are not exchanged are automatically assigned to the future GSB IPO. This means that these KCBs will be exchanged into vouchers of the GSB IPO. Here the KCB keeps its nominal value of 0.14 Euro.
Unfortunately not all Karatbars accounts are linked to Karatbit. This is partly because some affiliates have forgotten their 2FA recovery key. But also because the confirmation email for Karatbit for example was not read and clicked. Or it has been SPAMmed and has been ignored.
ATTENTION: Please note that you can have two accounts with Karatbars – one private and one business. You cannot link one Karatbit account to both Karatbars accounts. You must have and link a separate Karatbit account for each Karatbars account.
The GSB IPO
GSB acts as the holding company, which consists of the following companies: Karatbars International and CryptoData
The following values will be integrated into the holding company for the IPO. Assets of the
– Gold mining license in Madagascar
– KBC Coin
– E-Money Bank
– Impulse K1 Phone
– WHIM Laptop
– Gold Cards
KCBs can be exchanged for the vouchers of the future IPO of this company. If you choose this option, you will participate in the future IPO of GSB, for the nominal value of the KCB Coins within the next 18 months.
KCBs exchanged in this offer for vouchers of the future GSB Holding are not tradable for the next 18 months.
Within the next 18 months at least 50% of the vouchers will be exchanged for the future shares. After 24 months the remaining 50%.
This offer is not a public offer and it is only valid for our partners and affiliates!
Trading with the vouchers is strictly prohibited, as well as the promotion of the IPO!
Everyone who has chosen this option will receive a voucher on his name and only this person can participate on the future IPO.
The KCB has and keeps here a value of 0,14 € for the exchange into the vouchers.
Between 13th January and 20th January 2020 the business plan of the GSB for the next 24 months will be announced. Also the plan for the first issue and the first consolidation of the holding for the IPO.
Your Karatbars Team