Kinesis Monetary System: Gold and Silver Based Stablecoin Infrastructure
Another stablecoin is set to make waves and offer another choice for cryptocurrency and blockchain assets holders to park the value of their digital tokens. Yet, this stablecoin is unlike any other. Offering a full monetary ecosystem of support, the mission of Kinesis is designed to reward to those who participate, as well as, create an option for sound, flexible and reliable digital money.
Given cryptocurrency market volatility, it is often a crypto-holder’s view that their digital assets will rise in value or that they must hold on to them to wait for prices to recover. As a result, there is less incentive for that token to be used as a medium of exchange, thus promoting hoarding behavior.
The three (3) primary elements that makeup Kinesis include:
- Gold & Silver – Kinesis’ primary currencies are 1:1 with allocated physical gold & silver, the greatest stable and definable stores of value for use in commercial and private transactions and investment. Allocated means that full direct title to the bullion used for the 1:1 of KAU (gold-backed) and KAG (silver-backed) coins are allocated to the owner of the respective coin.
- Yield – A perpetually recurring yield generated from economic activity, not from debt-based interest like fiat currency. Provides definable value via Net Present Value (NPV) calculations for use in commercial, institutional and retail investment.
- Blockchain & Cryptocurrency Technology – Enhanced by asset currency and multifaceted yield system
By combining the elements of stability, yield, and cryptographic technology, the Kinesis system is designed to facilitate spending while allowing users to maintain save their gained token value without fears of downward volatility.
Kinesis is a full-circle monetary system
Made up of all the elements and functions required for a successful and effective monetary system. These differing functions, seen in the below diagram, make up different business units within the group:
ICOs for the Kinesis Monetary System
The development, origination of the Kinesis Monetary System is comprised of two unique and sequenced events:
- The Initial Token Offering (ITO) of the Kinesis Velocity Token (KVT)
KVT is an ERC20 compatible utility token. KVTs are the capital raising vehicle to support the global Kinesis Monetary System. Holders of KVTs collectively earn a percentage of transaction fees from various business units within the Kinesis Monetary System. The KVT ITO is currently in presale, with a public sale launch set to commence on September 10th, 2018 and end on November 11th, 2018.
- The Initial Coin Offering (ICO) of the first Kinesis Currency Suite of products; each 1:1 by direct, allocated precious metals.
The first Kinesis cryptocurrencies:
KAU (gold coin) and KAG (silver coin) are based on the bespoke Kinesis Blockchain Network (a fork of the Stellar Network).
KAU and KAG act as the medium of exchange by which all transactions occur across the Kinesis Monetary System. The Kinesis cryptocurrencies ICO represents the advent of the creation of KAU and KAG by “minting” and the created coins with physical precious metals bullion. The Kinesis currencies ICO are slated to start on November 12th, 2018.
Further, Kinesis offers wholesale coins, more details of which can be found in the white paper.
Yield
A major portion of the Kinesis ecosystem is the yielding element. It is developed as a multifaceted system that is specifically designed to attract institutional and retail capital while incentivizing the use and velocity of the currency suite. Users are financially rewarded based on their participation and the overall velocity (the rate that money changes hands) of the Kinesis currencies
Higher ongoing fees are offered to early adopters of the Kinesis currency suite, per the Pre-ICO column on the table to the right. This phase runs from 12 November 2018 to 28 February 2019.
Please note, that to participate in the Kinesis currency suite Pre-ICO, a subscription is required in the KVT ITO.
The Kinesis team says:
“Under the Kinesis Monetary System, we can take the greatest store of value, gold, make it an efficient medium of exchange via blockchain and cryptocurrency technology, then stimulate money velocity and economic activity through a multifaceted incentivizing yield system. Kinesis is not abstract or theoretical, it has been meticulously planned.”
“Most of the ecosystem has been built with commercialization underway. It has been architected and engineered by exchange, market, banking, and technology professionals who have a deep understanding of what is required to build out and implement this monetary system and currency market in the most strategically effective sequential way.”
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