What is Kinesis and how will the way users interact with gold and silver change?
Kinesis is a new blockchain technology project that fuses the old gold standard with the new decentralized technology. It is an innovative system that is able to take the most stable and secure value reserves, gold and silver, create an efficient, safe and fair exchange system that encourages commercial exchange and in turn stimulates the speed of money. The digital currency that Kinesis offers can be accessed and used with confidence around the world. This forms the basis of a new monetary system.
What are the benefits of having a currency backed 1: 1 by gold or silver?
Promotes trade and shares the wealth generated by members of its economy, captures foreign capital, overcomes the volatility limitations of common cryptocurrencies, adds interest returns on physical assets, eliminates / avoids fraud and theft of asset-backed securities , improve the storage of the value limitations of fiat currencies.
How does Kinesis.Money open up the bullion market to regular users?
Kinesis Money developed its own blockchain network that allows you to take full advantage of high transaction speeds with superior security. In addition, Kinesis adds a unique functionality that allows adding more value-added features. It will also attract capital from markets that are currently experiencing low returns. This monetary system minimizes risk, maximizes return, stimulates the speed of circulation and maximizes the rate of adoption. All this and many other features open up the market of bullion to the habitual users.
Why does Kinesis have inherently less volatility?
By proposing that its currency be used and rewarded by whoever does it, by stimulating the movement of capital, Kinesis achieves the speed of circulation of money. This makes Kinesis inherently less volatile than ordinary cryptocurrencies. "The volatility to which cryptocurrency is subject prevent them from becoming reliable reserves of value and, therefore, make them not suitable to be used as currency ".
How will the knowledge of ABX be translated into a successful execution for Kinesis?
Kinesis has been institutionally integrated with ABX and through its wholesale contracts are a perfect solution for wholesale trading through the blockchain. ABX has worked since 2013 in the bullion wholesale market and has an excellent track record. With this and other renowned associations in global exchanges can provide instant Kinesis clientele. Not only producers, they will also attract the rest of the industry to their market. A large clientele and the great associations that it has formed, result in a successful execution.
What is the benefit of using Kinesis with respect to OTC alternatives?
OTC alternatives are an archaic and inefficient type of market. The physical gold and silver wholesalers operate OTC in physical markets, outside the electronic environment, usually by telephone, email or in person. These manual systems are often problematic, inefficient and expensive. Due to this outdated system, a transition to the new and more efficient digital system is necessary, for which Kinesis offers us a revolutionary alternative.
What are some good use cases? Name some.
Among the good use cases, we find: Use in commercial, institutional and retail investments. In the sphere of cryptocurrencies, Kinesis provides a stabilizing force because its use is associated with incentives, which stimulates the speed of circulation. This system also gives individuals and businesses a recurring return that increases over time. In addition, companies can pay their employees in Kinesis and start building a totally new flow of benefits that grows more and more over time. Likewise, private and institutional participants can circulate their capital and have greater and additional profits.
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Hello @zmagaz you have explained the concepts of Kinesis in an easy to understand way. I enjoyed reading your post. Congrats ! on being a winner.
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