Karat is a mint on top of Pons
https://t.co/5uixPp08R0
Every coin cast through it is quoted in gold instead of ETH, and carries a bar: a contract that keeps a fixed share of the coin's fees as a gold reserve its holders can melt out
The fee recipient of every Karat coin is not a person
It is the coin's bar, a small contract created at casting
The bar splits what arrives by a rule fixed at casting and keeps its share as a reserve that belongs, pro rata, to every coin in existence
Contract Address:
0xc42062c93C142E3cf505f540eb0450B548C621f9