As eager investors enter the fray of this modern-day gold rush, an important question arises: Where and how should gold buyers store the precious metal?
There are really only three ways to store your gold—keep it at home, use a bank's safe deposit box or pay a third-party storage firm. “The bank doesn’t insure the contents of a safe deposit box". If you want to feel really comfortable and secure, you have to buy separate insurance, which can be expensive, and it’s hard to get for precious metals in safe deposit boxes. If you are buying it because you are skeptical of mainstream financial institutions, you want it in a place where if something does go wrong, the government can’t confiscate in any case.
Around the world thousands of people tend to keep their money in common bank accounts, with a centralized financial system that does not give them total power over their assets. Kinesis seeks to change this trend by creating a system that allows its users to have total control over their assets and investing their money/savings in assets that have an established international value, such as gold and silver.
What is Kinesis?
Kinesis is a new blockchain project that renovates the wheel of historical, asset-backed financial system in a practical and simple way. Combining the whole new world decentralized technology with the old one.
A system that through participation, enhances money as both a store of value and as a medium of exchange, for the benefit of all. -Whitepaper
Kinesis monetary system is an evolutionary step beyond any monetary system available in the world today. Kinesis is an interesting take on the application of blockchain technology because a lot of other projects in the space differentiate themselves by distance from any financial system. It is a great opportunity for the investor to invest their money to get great yield profit in return. The Kinesis Monetary System is universally developed and reaches the whole world and is decentralized so that it is safe, efficient, fair and provides good incentives in transactions.
"Aside from offering the greatest store of value and striving to provide the most efficient medium of exchange, Kinesis is a monetary and banking system focused on: minimizing risk; maximizing return; stimulating velocity and maximizing the rate of adoption."
Kinesis' Market Entry Strategy:
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Cryptocurrency Markets Gold and Silver Markets Fiat Currency Markets Investment Asset MarketsKINESIS MONETARY SYSTEM
The Kinesis currency system has 4 components that are important to highlight due to the significant within this large platform due to the processes of which these elements are responsible, without them, simply the Kinesis system would not have any sense within the market of the banking systems.
Kinesis Currency Exchange (KCX)
This is one of the most important elements within the monetary system of Kinesis, since Kinesis digital currencies are created within this system and are commercialized in large quantities with large companies that seek to back their assets.
Kinesis Blockchain Exchange (KBE)
The Kinesis team, making sure to maintain a suitable liquidity for the platform's currencies, creates this element that works as a kind of internal cryptocurrency to make exchanges with other digital currencies in the market, in this way it makes sure to carry out this work that uses internal form on the platform.
Kinesis Blockchain Network (KBN)
Kinesis coins are based on blockchain technology, and this has the name of "Kinesis Blockchain Network" thanks to this base the coins of the platform can be spent or invested, simply thanks to this technology Kinesis has a great speed of transactions.
Kinesis Financial Network (KFN)
This is Kinesis mobile payment platform, thanks to which you can make payments or movements of money anywhere, this application goes hand in hand with the Kinesis debit card with which you can make payments where Visa and Mastecard are accepted.
DIGITAL CURRENCY
Within the monetary system of Kinesis there are two main digital currencies, which are KAU and KAG, (Gold and Silver respectively) each KAU or KAG coin is equivalent to a gold or silver ingot, which once they are acquired by the user, they are given their title to these bullion, now you ask, how can I spend or use my money if I need it? Well, as simple as using a debit card, Kinesis has its own debit card, which instantly converts these digital coins to each country's fiat currency.
"The Kinesis debit card allows for conversion of KAU and KAG in the world where Visa / Mastercard is accepted, even allowing Kinesis currency holders to withdraw funds at an ATM. -WhitePaper
How Kinesisworks
This system will help people to invest their money in crypto backed 1:1 respectively by Gold and Silver bullion. The token that are used in the platform are KAU (gold) and KAG (silver). The below images will show the flow of The Kinesis System :-
KINESIS ROAD MAP & LAUNCH TIMELINE
Token Information & Token Allocation
More Information & Resources:
Kinesis Website
Kinesis WhitePaper
Kinesis YouTube
Kinesis Telegram
Kinesis Linkedin
Kinesis Github
Kinesis Bitcointalk
Kinesis Medium
KinesisTwitter
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This post has received a 4.54 % upvote from @boomerang.
You write well, @zenith10!
@zenith10 just loved the way you started the post. It got my attention and kept me hooked till the end.
Going through your profile I see we have some common interests like crypto.
I have done a post about NOIA
I would appreciate if you dropped by and shared your views
Thanks for the comment @thetimetravelerz.
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