13 Comments

  1. PG LABUSCHAGNE

    Interested in registering with KCB with the goal to invest
    Will you be able to make contact with me to explain in full the investment opportunity.
    Thank you

    • Margarita

      Thank you for dropping by Cathy 🙂

      Right now the value of 1 KCB is 0.14 euros (0.15 USD)

      You should have your KCB either in your Ethereum wallet or Karatbit exchange (OR both)

      Ethereum wallet

      Access your Ethereum wallet here: https://www.myetherwallet.com/access-my-wallet

      To check your wallet balance without accessing your Ethereum wallet go to: https://ethplorer.io/ and enter your Ethereum wallet address. Then scroll down to see your KCB balance.

      Karatbit exchange

      Access your Karatbit account here: https://karatbit.com/signin
      Once you are logged in, to see KCB balance, go straight to ‘Dashboard’

      NOTE:

      When KCB is merged with KBC to create a Gold Standard Coin (GSC), 1 KCB will be 2 GSC. While the value (price) of 1 GSC will be 0.14 euros right form the start.
      In other words, 1 KCB = 2 GSC = € 0.14

      On the other hand, 1 KBC is going to be 1 GSC.
      So 1 KBC = 1 GSC = € 0.14.

      Why does it make sense to buy KCB then? See the reason here

      I hope your question got answered.
      Let me know if there is anything else.

      • Razzy

        So correct me if I’m wrong but it makes more sense to buy KBC (assuming the price stays where it is today) because when the GSC goes live, the value of the coins you will have will be 8x more that the KBC coins whereas if you owned the same number of KCB coins, you would only be getting a 2x increase?

        I’m thinking to purchase KBC then if the price rises too much by December 14th then convert to KCB. If not keep the KBC and let it be converted to GSC.

        • Margarita

          Hi Razzy,

          Thank you for reading 🙂

          Given that 1 KBC = 1 GSC (0.02 euros) and 2 KCB = 1 GSC (0.14 euros) after December 16, my opinion, is yes, it makes obvious sense to buy KBC.

          However, when it comes to cryptocurrency investments, or any investments, sometimes things turn out in a way that it doesn’t make much sense.

          And you always have to keep in mind that there is a certain degree of risk in any investments.

          I’d say, invest what you can afford to loose, in both KBC and KCB. This way you are not putting all your eggs in one basket.

          If you already have some KCB, then yes, I think just stick to KBC for now.

          Hope this helps.

    • Margarita

      Good day Henri,

      No, unfortunately, you can’t because KCB is still a token (at the ICO stage).
      To be certain, I checked “Wallet & Balance” in Karatbit dashboard and there is no ‘Exchange’ option next to KCB.

      (On the other hand, interestingly, you CAN exchange KBC for KCB in your Karatbit account)

      As a reminder, KBC gets merged with KCB to create a GSC coin on December 16.

      • Andy

        Hi Margarita,

        Just wondered what the exchange rate is between the coins if I exchanged my my KBC for KCB?

        In other words how many KBC coins equal one KCB coin?

        Thanks.

        • Margarita

          Hi Andy,

          Thank you for your question 🙂

          The exchange rate will depend on the current price of KBC coin. Today, 1 KBC = 0.0216 USD.

          As you know, KCB price is constant, which is 0.14 euros or 0.16 USD today.

          The exchange rate of KBC in KCB is 0.1255 KCB.
          So for every KBC you will get 0.1255 KCB. See how I got this number here.
          ————————

          Now, your second question, how many KBC coins in 1 KCB?

          Given that 1 KBC=0.1255 KCB

          Then 1 KCB=1/0.1255, which is 7.97.

          So, if rounded, today (October 22, 2019) 1 KCB = 8 KBC.

          For more on this, check the tutorial I just published.

          Enjoy your day!

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