Its a new digital currency based on the 1:1 equivalence with physical gold and silver allocated to build a new decentralized monetary system with blockchain technology and support. Kinesis redistributes the value generated according to the units that are possessed and the velocity to benefit all members of the system.
CURRENT SITUATION, THE PROBLEM
Despite the expansion of cryptocurrencies based on blockchain technology as a means of exchange in recent years, the price of these have been characterized by high volatility which impacts the confidence of investors and system operators who must have very refined investment criteria to carry out the correct operations at the indicated time. This feature limits the commercial mass use of cryptocurrencies and is not considered a viable and reliable reserve of value. Currently, there is a global need to establish reliable currencies and exchange mechanisms that exceed the model of the FIAT currencies that are based on a mechanism of progressive devaluation by issuing debt. Therefore a support system based on physical assets not susceptible to market volatility and the natural devaluation of fiduciary currencies IS A NECESSITY. However, the problem with this type of assets (such as gold and silver) is that they have limited access because there is almost no trust with the seller or intermediary, or because its storage represents a security risk for his owner.
The problems and limitations with current currencies and value support are:
• FIAT currency market: Fiduciary currencies have historically collapsed, central banks print and devalue money to create inflation to maintain loans and (nominal) economic growth. Bank deposits are losing real value globally with interest payments below the inflation rate, which is why they are highly risky and physically unviable. The US government has an insurmountable level of debt for its GDP, which makes it an insolvent economy, which is why centralized banking is essentially problematic.
• Asset-backed currency: Gresham's Law of Money is a structural problem in traditional cryptocurrencies and asset-backed currencies, given the way they relate to fiat currencies, the latter usually do not want to be spent.
• Asset-backed currency: Gresham's Law of Money is a structural problem in traditional cryptocurrencies and asset-backed currencies, given the way they relate to fiat currencies, the latter usually do not want to be spent.
• Yield: the common problem with precious metals is that they do not have any returns associated with them, so interest on bank deposits is more attractive to investors.
• Security: Currencies backed by assets have always been subject to fraud, so the investor has to be extremely cautious with the people he buys from. In addition, the traceability of the ingots and their storage status are important details that the investor must know.
• Bullion market: The control platform of the current bullion trading system is out of the electronic environment, it is backward and inefficient and does not have an institutional integration, depends on the use of the telephone, email or physical presence. It also operates in isolation, and the local physical space is controlled by intermediaries.
Kinesis is designed to overcome these problems, to be safe, reliable and stable, combining the best of the new Blockchain decentralized technology with the traditional physical mechanisms of value accumulation such as gold and silver.
Kinesis concept: Monetary System
Kinesis is based on the stimulation of commercial activity through permanent incentive and velocity, which is achieved by providing support in a 1:1 ratio of directly assigned physical assets. The elements of this system are:
• Gold and silver: the main Kinesis currencies supported in 1: 1 with physical gold and silver assigned with a title of the KAU and KAG bullion coins.• Yield: recurring return generated by economic activity, not by interest on the debt of the fiduciary currency.
• Blockchain & Cryptocurrency Technology: Improved by asset-backed currency and multifaceted performance system.
Kinesis will attract capital from low-yielding markets such as:
Cryptocurrency market
Gold and silver market
Fiat currency market
Investment asset market
Unlike the classic banking system, where securities can be put at risk with highly leveraged loan strategies, the Kinesis Monetary System assigns each title directly to its beneficiary, minimizing risk, maximizing return, stimulating velocity, and maximizing adoption rate. These are the main benefits of this system.
Kinesis strategic partners
Kinesis economic environment was not done alone, it was developed in partnership with the Allocated Bullion Exchange (ABX) which is a world leader in electronic exchange of allocated precious metals. Also, ABX has storage facilities around the world and partnered with the Deutsche Börse Group, which is one of the main companies exchanging shares and securities in the European financial markets. Thus, the physical asset is secured and guaranteed.
The development, launch and start of the Kinesis Monetary System has two sequenced stages:a) The Initial Token Offer (ITO) of the Kinesis Velocity Token (KVT): They are the capital raising vehicle of the global Kinesis Monetary System. KVT holders earn a percentage of over the transactions of several business units. The ITO KVT is currently in pre-sale, with a sales launch on September 10th, 2018 and ends on November 11th, 2018.
b) The initial supply of coins (ICO) of the first Kinesis Monetary Suite of products will begin on November 12, 2018. Each backed 1: 1 by precious metals directly allocated. Kinesis cryptocurrencies: KAU (backed with gold) and KAG (backed with silver) are based on the Kinesis Blockchain Network. These coins are the medium for all transactions of the Kinesis Monetary System and are based on the wedging of precious metal ingots.
COMPONENTS OF THE KINESIS MONETARY SYSTEM
Kinesis Security
• Kinesis Currency Exchange (KCX): It works as the wholesale market where the currency is created and minted through the exchange of assigned bullion (ABX).
• Kinesis Blockchain Network (KBN): It is the blockchain technology on which Kinesis cryptocurrencies are built, they can be sent, spent, saved or exchanged through the blockchain with incentives based on the speed of money.
• Kinesis Blockchain Exchange (KBE): Operate as a digital currency where Kinesis and other digital currencies can be exchanged.
• Kinesis Financial Network (KFN): Serve as a mobile banking system where Kinesis coins can be used for savings or payments, remittances and movement of money. It has a MasterCard/Visa debit card and complementary accompaniment card that provides the ability to use Kinesis as a payment currency worldwide. KFN will include an e-commerce technology suite where you can move Kinesis in real time. This mobile debit and payment card platform can be viewed in any fiduciary currency of your choice. KFN offers merchants the possibility of integrating simple APIs to accept payments from customers without paying 1.5% to 4% for credit card use, which practically eliminates all credit card debt.
• Kinesis Commercial Center (KCC): The KCC operates as an online platform for goods and service providers, which allows Kinesis to be used as a currency package to be used as payment for participating merchants.
KINESIS CURRENCY SUITE - Proportion of support
The Kinesis currency package (Kinesis Money) takes advantage of high-speed transactions and offers superior security to Stellar.
• Gold currency(KAU): 1 gram Contract and token of fine gold, backed with bars of molten gold with a minimum fineness of 995, with a serial number and identification stamp of ABX Quality Assurance Marco, according to the list of refineries approved.
• Silver currency (KAG): Contract and token backed with 10 grams of silver, consisting of cast silver bars with a minimum fineness of 999, with an identification stamp of the ABX Quality Assurance Framework.
Source
Kinesis Wholesale Segregated
• Wholesale gold coin (KWG): 1 Kg fine gold contract and token, consisting of gold cast bars of minimum fineness of 9999, with a serial number and identification and stamp of ABX Quality Assurance Marco, according to the list of approved refineries.
• Wholesale silver contract (KWS): 1,000 troy ounces silver contract and token, consisting of silver cast bars of minimum fineness of 999, the seal of a refiner according to the ABX Quality Assurance Framework.
VELOCITY-BASED YIELD SYSTEM
Source
Multifaceted performance is designed to attract institutional and retail capital through reward based on participation and the speed with which the currency changes hands. This performance is derived from the economic production instead of the debt of the fiduciary currencies.
The yield of incentives based on speed
• Minter Yield: The performance of the Kinesis Minter currency is designed to attract capital and then put it into motion while maximizing the incentive for use. This system rewards the participants with "Mint", in the primary market and then use it in the secondary market. The Minters receive a proportional part of the transaction fees as a permanent return on the currencies that are created in Kinesis. The more Kinesis coins are created, processed, or the higher the speed, the higher the yield.
• Holder yield: Provide a passive participation performance in Kinesis currency while holding currencies. This return is purely passive and is designed to compete with bank deposits, stock dividends and rental returns on property. Kinesis holders enjoy the benefits of the economic activity of the system with their money in circulation.
• Affiliate Yield: Reward to people or corporations that refer new users of the currency suite. This performance is designed to encourage more participants in the ecosystem.
• Depositors' performance: It is applied when the user deposits directly into their Kinesis Wallet. This system maximizes the incentive for a large initial deposit and then the use of the currency. The greater the speed of Kinesis with the initial acquisition of coins, the higher the yield.
• Shared rate: Higher rates are offered to the first users of the Kinesis currency package. To participate in the Pre-ICO Kinesis monetary suite, subscription to the KTO ITO is required.
KINESIS VELOCITY TOKEN - (ITO)
Kinesis Velocity Token receives a part of the fees for the transaction of the components of the Kinesis monetary system. The KVT is an ERC20 token, which requires a compatible ERC20 wallet.
Rates: KVT holders receive a proportional share of 20% of all transactions associated with the Kinesis coins and 20% of all commissions of the Kinesis Shopping Center (KCC).
Price: USD 1,000, the presale offers a 2.5% discount until September 9, 2018.
Technically and legally limited to a maximum of 300,000 KVTs to be issued.
A minimum of 5% and a maximum of 20% of the transaction fees of the Kinesis system will go towards the repurchase of the tokens at market prices, which will then be carried out by Kinesis Cayman.
Kinesis seeks to raise more than USD 200 million through the sale of 300,000 KVT's; allowing you to aggressively grow your business. Approximately $ 44.25 million are allocated to working capital in the next 15 months. Strategic investments are key for Kinesis delivering infrastructure and partnerships to ensure optimal operational capacity and growth. This could take the participation in one or more commercial vaults, broker-dealer or bullion, bullion refiners (anything along the physical ingot) supply chain); or moorings in the Crypto space (crypto exchanges, crypto custodians, etc.)
USE CASES
1. Sarah Ahrens is an obstetrician who is planning her retirement and retiring, but she knows that a savings account in dollars at the bank is not the best guarantee to retire with tranquility and sightseeing in some parts of the world that she has always wanted to know In addition, he wants to secure the future of his children and grandchildren in order to provide them with economic stability. His colleague Robert recommended Kinesis and decided to convert a good part of his dollars in gold coins (KAU) to the instability of international markets and cryptocurrencies, but that's not all, with Kinesis can not only be in contact with your investment but also through the Kinesis Currency Suite can do exchange operations for virtually everything you need with the KVT, with which you earn a passive return. Now Sarah can sleep peacefully because her investment in gold is not susceptible to inflation or market instability, on the contrary gold always gains value over time, your savings are guaranteed.
Albert is a crypto enthusiast, has been in business for 4 years and has made good profits with his Bitcoins and Ethereum transactions, but he knows that luck can change him, the BTC has revalued a lot but has also lost value suddenly affecting the rest of the cryptocurrencies, knows that it can not be calm before the instability of this market, has been evaluating options to safeguard the value of its investments and there are Kinesis, so it decided to convert a part of its crypto to KAU Because it is backed in gold and is less volatile, it also gains a performance just by having this token since its speed allows it to do a greater number of operations. After some good results, he has recommended his partners to buy KAU, strengthening the economic system more and increasing their passive yields as the exchange accelerates. All cryptocurrencies are still a big business but Kinesis gives you the most important thing: security and stability.
Marie is a manufacturer of the chocolate industry in Sweden and wants to make a purchase of high-quality fine cocoa in Venezuela to cover the production of one year, but the country has a complicated exchange control system that makes it difficult for its suppliers charge their sales in USD, everything seemed to indicate that the sale was paralyzed but he realized it and his partners are Kinesis participants and decided to make the transaction with KVT, after the operation they all obtained a proportional 20% yield, besides the suppliers de Marie decided to invest their surplus exports in KAU and KAG bullion, which will help them invest in capital goods for their company.
- Check their website
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- Kinesis Instagram
- Kinesis Twitter
- Kinesis Telegram
- Kinesis Github
- Kinesis Reddit
- Kinesis Youtube
- Kinesis Bitcointalk
- Kinesis Medium
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