An Evolution of the Gold Standard
Kinesis has introduced yield-bearing digital currencies, based 1:1 on physical, allocated, gold and silver. When you purchase Kinesis currencies, you are simultaneously allocated real gold or silver stored securely in one of several third-party vaults around the world ensuring no counterparty risk. These digital coins (KAUs represents the gold-based coin and KAGs represents silver), can easily be spent at point of sale through the Kinesis debit card, allowing users to make fast and safe transactions. Holders of Kinesis currencies can redeem the coin and take delivery of the underlying physical precious metal guaranteeing intrinsic value with this cryptocurrency.
The Kinesis Velocity Token (KVT) public sale is now live, with a successful pre-sale raise of $55 million Kinesis is on track to achieve the hard cap target of $300 million.
This initiative was founded by ABX, a leading online exchange platform for physical bullion, with deep expertise in the gold industry.
The vision for Kinesis is to deliver an evolutionary step beyond any monetary and banking system available today. Kinesis has digitalised gold and silver to enable everyday business and personal transactions, provide liquidity on bullion holdings and allow participants to earn a passive yield on their everyday money.
Kinesis has the advantage of experience in the precious metals market, as well as having significant technology development already completed. It also comes after 2018 saw gold outperform many global equity markets and currencies, attracting renewed interest in the precious metal.
With the next wave of evolution in cryptocurrency markets widely heralded to be focused on stablecoins, Kinesis is uniquely positioned to be at the forefront of this movement.
Kinesis introduces yield-bearing digital currencies based 1:1 on allocated physical gold (KAU currency) and silver (KAG currency). Both currencies offer a unique yield system to encourage adoption and stimulate use. When transferred between holders a 0.45% fee is collected which accumulates and is distributed monthly, in varying proportions, to participants as a ‘yield’ (i.e. 20% to KVT holders).
The Kinesis Monetary System is set to feature an easy-to-use interface, allowing users to utilise and transact as simply as any other banking provider.
Currently operational, the Kinesis Mint is where allocated bullion is purchased and digitally emitted to the Kinesis blockchain:
Create new Kinesis currencies
Mint KAU (1 KAU = 1 gram gold) and KAG (1 KAG = 1 ounce silver) into existence; digital gold and silver;
Store, send and receive Kinesis currencies
Transact globally between Kinesis eWallets instantly, with low fees;
Zero storage fees on allocated gold and silver bullion
Stored, insured and audited in leading third-party vaults;
Kinesis Minters will receive ongoing minter yields for creating and using Kinesis currencies. Limited 3x multiplier on minted currencies until June 30th.
KVT ownership is required in order to transact on the KCX during the Initial Minting Offer period.
Kinesis was founded by the Allocated Bullion Exchange (ABX); an exchange that already has extensive infrastructure and fully operational technology for the trade and storage of physical bullion in 7 locations around the world.
Kinesis Velocity Token
65,000+ KVTs have been sold. KVTs are currently for sale to the public at USD1,000/KVT. The Kinesis Velocity Token (KVT), which is not a gold or silver-based currency, gives holders an opportunity to take a share in 20% of the fees generated from the Kinesis gold and silver-based currencies.
Creating a passive income to participants, the KVT is an opportunity to reward early adopters and supporters proportionately and in perpetuity. For more information please visit the KVT Explained web page.