To learn what’s going on with V999, KBC, IPO Vouchers, BUNV, and trading in Karatbars, watch the 23-minute video below.
I also provide a summary on V999 and KBC Reduction Plan below.
V999 is a stablecoin tied to 0.1 grams of gold.
The former name of V999 is unival.
Although the name have changed, V999 possesses all the properties of the unival.
Starting August 1, 2020, you will be able to exchange your cashgold for V999 token.
Make sure you register on V999 platform beforehand (with your Karatbars username and password)!
Now, here is the AWESOME part:
From October 15, 2020, you will have an opportunity to earn 0.02% on the fees every time you sell your V999 coin AND all subsequent Buy-Sell transactions that involve that coin. Indefinitely!
In other words, get as much cashgold as possible!
So that you can get more V999 starting August 1, 2020!
And so that you can begin earning 0.02% fees on every V999 transaction starting October 15, 2020!
KBC Reduction Plan
On October 15, 2020 KBC will be turned to a KBC Mainnet coin.
Whether the name will stay the same or not is not certain.
Mainnet is Karatbars’ own blockchain.
So, starting October 15, 2020, KBC will be running on its own blockchain!
1. First of all, transfer all KBC coins to Karatbit before October 14
If you have KBC on some other exchanges or wallets, transfer them all to Karatbit.
See how to transfer KBC coins here (scroll down to ‘How to transfer KBC coins to Karatbit’)
If you have KBC coins in your Karatbars dashboard, make sure your Karatbit is linked to your Karatbars account.
Once the accounts are linked, Karatbars staff will transfer the coins to Karatbit for you.
2. Decide if you want to put your KBC into the Reduction Plan
The Reduction Plan is a strategy set up by Karatbars to boost the price of KBC (via reducing supply of KBC coin on the open market).
If you decide to put your coins into Reduction Plan, your coins will be locked. In other words, you won’t be able to sell, buy, or trade them until October 15, 2020.
The advantage of putting your coins into the Reduction Plan
The advantage of putting your coins into the Reduction Plan is you will get a certain percentage of coins as a bonus.
The size of the bonus depends on WHEN you put your coins into Reduction Plan.
See the percentage of the bonus below.
If you don’t want to put your KBC coins into the Reduction Plan
Just keep KBC coins as they are.
In other words, you don’t have to do anything except transferring all KBC coins to Karatbit.
Get more KBC to get a larger bonus!
If you have any questions, leave them below (this way many people see the answer) 🙂