Hi MasseyFerguson, I think it's a brilliantly designed system. Has had a couple of delays in launching. I can't fault it conceptually. Proof will be in the pudding, I suppose. Here's the standard proforma welcome from admins in the telegram chat group; (hopefully HC chat can be generated at some stage)Welcome to the Kinesis global community!!! Given below is a short summary of the Kinesis Monetary system and what it’s trying to achieve.——————————————-THE MARKETWith 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. With its 1:1 gold and silver-based digital currencies, Kinesis has the advantage of being uniquely well positioned in the gold market, as well as having significant technology development already live.THE MONETARY SYSTEMKinesis introduces yield-bearing digital currencies based 1:1 on allocated physical gold (KAU currency) and silver (KAG currency). The Kinesis currencies offer a unique yield system (https://www.youtube.com/watch?v=Xo5V_A2NBSY) to encourage adoption and stimulate use. When KAU and KAG are transferred between holders the network collects a 0.45% fee that is then accumulated and distributed proportionately every month to participants in the Kinesis Money Platform as a ‘fee sharing yield’ (i.e. 20% to KVT holders, see The Offer below).OUR TECHNOLOGYWe are proud to announce the launch of the Kinesis Mint, https://kinesis.money/en/kinesis-kcx-mint/The Kinesis Mint simultaneously emits the value of your gold and silver bullion into the Kinesis e-wallet, this is a digital representation of your bullion on our bespoke fork of the Stellar blockchain, that allows you to earn a fee sharing yield and gives liquidity to your gold and silver, for everyday use.FEATURES OF THE KINESIS MINT:• 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 between Kinesis eWallets instantly, enabling transactions with low fees;• Zero storage fees on allocated gold and silver bullion – Stored, insured and audited in leading third-party vaults;• Yield exposure - Kinesis Minters will receive ongoing minter yields for creating and using Kinesis currencies. Limited 3x multiplier on minted currencies until August 29th, subject to terms.KVT ownership is required in order to transact on the Kinesis Mint during the Initial Minting Offer period.UPCOMING TECHNOLOGY OVERVIEWWe are pleased to showcase the product preview video for the Kinesis Monetary System: https://kinesis.money/en/kms/The integrated functionality is set to include:• The Kinesis eWallet – store, send and receive your digital currencies in one convenient place;• Kinesis Exchange – trade in and out of Kinesis currencies for alternative crypto or fiat currencies;• Debit card - spend your Kinesis currencies with ease anywhere in the world that accepts a relevant debit card;• Vault - hold your Kinesis currencies with security while still being able to send and receive directly from your vault.TEAM AND FOUNDING COMPANYKinesis was founded by the Allocated Bullion Exchange (ABX) [https://abx.com/] meaning it already has extensive infrastructure and fully operational exchange technology for the trade and storage of physical bullion in 7 locations around the world. For a full insight into the team that sits behind this incredible project see https://kinesis.money/en/team/THE KINESIS VELOCITY TOKEN (KVT)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 proportionate share in 20% of the fees generated from the transacting of the Kinesis gold and silver-based currencies. https://www.youtube.com/watch?v=LQlTvvs5d84&t=18sAny questions about purchasing KVTs, please reach out directly on live chat via our website, or at [email protected]
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Hi MasseyFerguson, I think it's a brilliantly designed system....
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