The blockchain has brought banking to the unbanked, it has made a whole lot of people learn how to manage their funds on their own. And also brought about financial freedom to a whole lot. But yet still there are some barriers in the Cryptoworld
Cryptocurrencies has been suffering from severe price volatility(Very high and low fall and rise in price), limiting their utility as a currency.
Thereby, Cryptocurrencies are frequently used for speculation and subject to a holding mentality, not used as a store of value or as a currency.Precious metals and many other physical assets have no yield attached to them - they instead typically cost money to hold securely.
IMPLICATION: Yielding assets, like interest-bearing bank deposits or stocks paying dividends, become more attractive for investors.
- We can also see the problem of the slow speed of transactions and high, fixed processing fees limit the everyday use of existing cryptocurrencies.
IMPLICATION: Limited trade velocity, low everyday use and lacking real-world application as a currency.
The Kinesis Monetary System is specifically designed to overcome drawbacks like (volatility, low speed of transactions, and high fees). through the development of a universally adopted, decentralized, asset-backed monetary system. A monetary system that is efficient, secure, fair, and incentivizes commercial exchange. Kinesis combines new world decentralized technology with the oldest, fairest, and most sustainable form of money, to empower and serve the interests of us all equally and capitalistically.
The vision for Kinesis is to deliver an evolutionary step beyond any monetary system available in the world today. A system that through participation, enhances money as both a store of value and as a medium of exchange, for the benefit of all. Much the same as our sun unconditionally delivers an indiscriminate share of energy to planet Earth that stimulates life, we see Kinesis as a comparative energy system to stimulate the movement of money, assets, commerce, and economic activity in a fair, honest, and rewarding process.
DEALING WITH FINANCIAL MARKET PROBLEMS
With the evolution of blockchain, cryptocurrencies and mobile devices, participants in the global economy have been presented with a profound opportunity: a chance to apply ingenious creativity to money and to be part of an empowering people centric revolution. Yet, despite this opportunity, current blockchain payment systems and their cryptocurrencies have suffered from severe price volatility, limiting their holder’s desire to be used as tender. This makes many of these mediums unsuitable for commercial exchange.
Kinesis is also bringing about a system that encourages commerce and economic activity. The Kinesis Monetary System. Here Core to the mechanics of the system is the perpetuaincentive and stimulus for money velocity. Outside capital is attracted into Kinesis via a very attractive risk/return ratio and then put into highly stimulated movement.
• Gold & Silver – Kinesis’ primary currencies are backed 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 backing of KAU and KAG coins is 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-backed currency and multifaceted yield system
It is pertinent that Kinesis will attract capital from markets that are currently experiencing little or comparatively low yields. These include:
- Cryptocurrency Markets
- Gold & Silver Markets
- Fiat Currency Markets
- Investment Asset Markets
These markets are some core vital part
Fiat has been used for a long while now but still has a lot of faults. In fact, every fiat currency since its inception by the Romans has experienced devaluation collapse. This has had significant negative implications on that currencies’ respective economy as well.
Similarly, current fiat currencies are also a poor store of value. Central Banks print and devalue money, creating price inflation at their discretion to keep commercial Banks’ lending and consumers spending to maintain economic growth in nominal terms (without inflation taken into account). Furthermore, bank deposits globally are almost universally losing money in real terms by paying interest below the rate of inflation. As a result, the counterparty risk incurred by a depositor for depositing funds with a bank (giving title of your money to a bank) is not fiscally responsible or viable. In addition, these depositors must deal with bail-in provisions, depositors insurance being removed, and interest rates being negligible.
Security has been on of the topmost priorities in the blockchain and in management of assets and Kinesis is also at their best in securing assets, asset-backed currencies’ final major problem revolves around security. In the past, there have been multiple cases of fraud involving the use of precious metals and other assets as a payment solution. An investor must be cautious in who they invest with to avoid the risk of fraud and theft. This has already been problematic in asset-backed crypto-currencies as well. For example, recently, Tether, a company that issues a widely traded cryptocurrency purported to be backed by US dollars, has been subpoenaed amid secretive circumstances surrounding the USD backing of their cryptocurrency.
Alternatively, Kinesis’ primary currencies are backed 1:1 with allocated physical gold & silver, the greatest stable and definable stores of value for use in commercial and private transactions and investment.
Another great step Kinesis has taken is that Kinesis utilizes the multi-layered third-party audit and verification system of ABX’s Quality Assurance Framework.
Through this medium, KCX functions as the wholesale market where the currency is created and minted. This occurs in an institutional centrally cleared exchange with deep liquidity and connectivity into global wholesale trading organizations via Allocated Bullion Exchange (ABX).
It's worthy of note that KBN is the blockchain technology upon which the Kinesis suite of cryptocurrencies is built. Kinesis currencies can be sent, spent, saved, or traded through the blockchain. Coins purchased in the wholesale market are emitted into the KBN with incentives based on money velocity.
KBE operates as a blockchain digital currency exchange where Kinesis and other digital currencies can be traded. This is being developed internally to ensure deep liquidity for the Kinesis currencies, and we know that liquidity is necessary for Cryltocurrencies.
Through this medium, KFN serves as a mobile banking system where Kinesis currencies can be used for savings or payments, remittances, and money movement. This facility also has a Mastercard and Visa debit card and accompanying companion card facility providing the ability to use Kinesis as a payment currency across the world.
LET'S REVIEW KINESIS ECONOMY
These are the people who receive a yield on their participation by simply purchasing Kinesis currency in the KCX wholesale market and then sending, spending, or selling them in the Kinesis Blockchain Network (KBN). Once the currency is purchased in KCX it is automatically emitted and appears in the Minters Kinesis Wallet in KBN. The Minters Yield will become receivable once the coins are then sent, spent, or sold (from the offer side) via their Kinesis Wallet.
Some Use Case Examples
• Businesses can pay their employees in Kinesis currencies and begin building an entirely new revenue stream that continues to grow larger and larger over time.
• Private and institutional participants/traders can circulate their capital and earn more as more Kinesis currency they minted travels through the system.
It has been designed that Kinesis Depositors will receive a yield on their initial deposit and purchase of Kinesis from their Kinesis Wallet in the KFN once they are sent or spent. As Kinesis’ currencies travel from hand--hand throughout the KBN a proportional share of the transaction fees will be shared perpetually with the Depositor for the life of the currency.
The yield is based on the velocity of the currency and derived from a perpetual proportional share of the transaction fees associated Kinesis currency in existence. This yield is also designed to maximize initial deposits into the Kinesis Blockchain Network by strongly rewarding this initial deposit. This is applicable for all Kinesis currencies in the Kinesis digital currency suite.
The yield is based on the velocity of the currency and derived from a consolidated share of the transaction fees across the Kinesis Blockchain Network (KBN), calculated on a daily basis and credited to their Kinesis Wallet accounts monthly.
Here the Affiliates will receive a perpetual revenue share on all transaction fees from the participants they recruit. This provides an immediate business opportunity for anyone, whether they are: a private individual referring friends or family; someone wanting to establish a business to refer participants/users into Kinesis; an online marketer or affiliate; a person or business wanting to refer other businesses or broker/dealer operations in; or a pre-established business wanting to enrol their clients in the Kinesis system.
The Kinesis Velocity Token (KVT) is an ERC-20 complaint token that Kinesis hopes to use to raise funds to power it’s ecosystem. By holding on to KVT, it's holders will get paid returns from transaction fees off transactions that take place within the ecosystem.
The viral and scalable nature of the system is quite effective.
Kinesis is seeking to raise over US$200 million through the sale of 300,000 KVT’s; enabling it to aggressively grow its businesses.
integration of all elements in its physical asset based digital currency, blockchain development, payments systems, vaulting, and precious metal trading businesses followed by the initiation its global commercialization program.
Kinesis has the power and design to address the multitude of flawed cryptocurrencies in the marketplace. Kinesis stands ready to energize the next wave of innovation in the blockchain and decentralized cryptocurrency space. We look forward to your participation and welcome you to Kinesis.
- 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.
Rhianna is a crypto investor/holder. And she hoards her crypto coins like ethereum, doge, bitcoin, etc , she is patiently waiting that the price would increase above the amount she invested in , in the bid to sell them. But a friend of hers Beyonce introduced her to KINESIS, with this monetary system she is incentivized to spend her crypto.
Hence , she makes additional money while enabling the use of crypto in day to day commercial activities. And she tells her friends about it and this brings about mass adoption.
Kinesis ensures that an individual doesn’t need to be a professional investor with years of experience to get their money to work for them. An individual can use two or three channels to earn. When the system is very easy for everyone to operate by themselves, then mass adoption will be possible.
Kinesis has a monetary system designed for a successful and sustainable future.
Videos
Velocity based system yield economy
Explanation of the Kinesis Monetary System
Kinesis intro video
Roadmap
Team
Operations Team
Development Team
FOR MORE INFORMATION & RESOURCES:
Kinesis
Kinesis.Money WhitePaper
Kinesis.Money OnePager
Kinesis.Money YouTube
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Kinesis.Money Linkedin
Kinesis.Money Github
Kinesis.Money Steemit
Kinesis.Money BitcoinTalk
Kinesis.Money Medium
Kinesis.Money Twitter
My entry to the @originalworks/kinesis sponsored contest that can be checked here
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hi @ozurumba
Thx for your kind comment under my latest post (HF20). I appreciate.
Just checked your profile just to realize that we seem to share a number of interests :)
In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)
I know it's hard at the beginning to build solid follower base. But just don't give up. Steemits needs solid content builders.
I will follow you closely.
Cheers
Piotr