About Kinesis
VISION
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.
MARKET
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.
MONETARY SYSTEM
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.
TEAM
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.
Features
This comprehensive monetary system encompasses (1) the Kinesis currencies, which can be sent and received via the Kinesis eWallet, (2) the Kinesis Blockchain Exchange, providing liquidity for the Kinesis currencies and other cryptocurrencies and (3) the Kinesis debit card, allowing for instant conversion of KAU and KAG into fiat currency anywhere in the world where Visa/Mastercard is accepted.
Holders of the Kinesis currencies have allocated legal title to the underlying physical bullion holdings so that they can exchange their currencies for physical gold and silver if they wish, subject to a minimum withdrawal amount.
Dramatic currency volatility is a cause of concern around the world – stabilising the Turkish lira is like ‘catching a falling knife’. The move away from the gold standard around the world has left people at the mercy of central banking policies.
Your ownership of the gold is then digitised using blockchain technology, meaning you can hold or transfer your currency from the Kinesis digital wallet, spend the currencies easily using a debit card anywhere Visa/Mastercard is accepted, or trade them on them on the Kinesis Blockchain Exchange. Your holding can even be transferred back to physical gold or silver.
The Kinesis currencies offer a unique yield system 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 monthly, in varying proportions, to participants in the Kinesis Monetary System as a ‘yield’.
Kinesis was founded by the Allocated Bullion Exchange (ABX); 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.
It is in this context that a leading online institutional exchange for trading physical gold has created a new monetary system with a digital currency based 1:1 on allocated physical gold and silver.
This is the first time that allocated gold ownership has delivered this kind of non-debt-based yield, so Kinesis have a lot of interest from the $15trillion gold trading industry.
This initiative was founded by ABX, a leading online exchange platform for physical bullion, with deep expertise in the gold industry. ABX is integrated with Deutsche Borse’s clearing house and already has extensive infrastructure and fully operational exchange technology for trade and storage of physical bullion in 7 locations around the world.
Last but not least one of the most exciting pieces of the Kinesis currency suite, the Kinesis Blockchain Exchange (KBE). This is our own exchange platform allowing users to buy and sell cryptocurrencies against Kinesis currencies, creating easy exchange for cryptocurrencies. From Bitcoin (BTC) to Kinesis Gold (KAU) or Kinesis Velocity Tokens (KVT) to Ethereum, the KBE eliminates the need for third party exchanges. This is not the first time we have built an exchange; through ABX we have developed MetalDesk, an allocated precious metals exchange used across the world by many of the largest physical precious metal trading houses., Kinesis leverages this experience and infrastructure to provide a world class service.
No need for complex byzantine systems of the past for managing our finances. Using the Kinesis Monetary System users will be able to make purchases, both large and small, pay bills with ease and even manage international payments with lower transfer rates offered by banks and other international payment services.
Bringing back a truly decentralized, digitalized asset, based on blockchain technology.
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.
Our target markets:
- Precious metal market: Precious metals and many other physical assets have no yield attached to them - they instead typically cost money to hold securely. Precious metals stored in vaults have no liquidity - they cannot be used as they currencies they once were. Kinesis gives yield to these precious metals, incentivising their use and velocity by attaching multiple types of yield for varying degrees of passive or active participation. The Kinesis debit card allows for instant conversion of KAU and KAG into fiat currency anywhere in the world where Visa / Mastercard is accepted, even allowing Kinesis currency holders to withdraw funds at an ATM.
- Cryptocurrency market: Cryptocurrencies suffer from severe price volatility, limiting their utility as a currency. Slow speed of transactions and high, fixed processing fees limit the everyday use of existing cryptocurrencies. There is also big use case for those invested in existing alternative ‘stable coins’, too. The high transaction speed, percentage-based fee model, physical asset stability and yield associated with KAU and KAG are incentives for crypto traders and holders to replace questionably-backed and non-yield-bearing stable coins with the Kinesis currencies.
- Fiat currency: With global low to negative interest rates, bail-in provisions, depositors’ insurance being removed, and with banks holding legal title to their customer deposits, it makes no sense to choose risk and nil-to-negative return over the alternative Kinesis system with negligible risk and high potential for return.
- Investment assets: high valuations and comparatively low yields for stock market and property investment make the Kinesis currencies an attractive alternative investment with a passive yield attached.
Differentiating Kinesis from many of the other gold-backed cryptocurrencies:
- Kinesis was founded by the Allocated Bullion Exchange (ABX) https://abx.com/; meaning it already has extensive infrastructure and technology in place for the trade and storage of physical bullion in 7 locations around the world;
- The team has extensive experience in the physical precious metal industry;
- Our unique yield system sets Kinesis apart from the standard gold-backed token.
Technical Info
KINESIS TECH
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; - Yield exposure
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 Roadmap
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2016
- Conceptualizing the ways humanity could return to the Gold Standard.
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Early 2017
- Investigating smart-contract capabilities across multiple leading cryptocurrencies
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Mid-2017
- The build and completion of the proprietary Primary Marketplace environment
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Late 2017
- Development of both the unique and revolutionary Kinesis Currencies and Kinesis
Velocity Token
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Early-Mid 2018
- Launching the Kinesis Velocity Token.
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Early 2019
- The launch of Kinesis Currencies, whereby KAU is backed 1:1 by 1g of 99.99% pure physical gold and KAG by 99.9% silver