Kinesis has introduced yield-bearing digital currencies, based 1:1 on physical, allocated, gold and silver. When you purchase Kinesis currencies, you are simultaneously allocated real gold or silver stored securely in one of several third-party vaults around the world ensuring no counterparty risk. These digital coins (KAUs represents the gold-based coin and KAGs represents silver), can easily be spent at point of sale through the Kinesis debit card, allowing users to make fast and safe transactions. Holders of Kinesis currencies can redeem the coin and take delivery of the underlying physical precious metal guaranteeing intrinsic value with this cryptocurrency.
The Kinesis Velocity Token (KVT) public sale is now live, with a successful pre-sale raise of $55 million Kinesis is on track to achieve the hard cap target of $300 million.
This initiative was founded by ABX, a leading online exchange platform for physical bullion, with deep expertise in the gold industry.
The vision for Kinesis is to deliver an evolutionary step beyond any monetary and banking system available today. Kinesis has digitalised gold and silver to enable everyday business and personal transactions, provide liquidity on bullion holdings and allow participants to earn a passive yield on their everyday money.
MARKET
Kinesis has the advantage of experience in the precious metals market, as well as having significant technology development already completed. It also comes after 2018 saw gold outperform many global equity markets and currencies, attracting renewed interest in the precious metal.
With the next wave of evolution in cryptocurrency markets widely heralded to be focused on stablecoins, Kinesis is uniquely positioned to be at the forefront of this movement.
MONETARY SYSTEM
Kinesis introduces yield-bearing digital currencies based 1:1 on allocated physical gold (KAU currency) and silver (KAG currency). Both currencies offer a unique yield system to encourage adoption and stimulate use. When transferred between holders a 0.45% fee is collected which accumulates and is distributed monthly, in varying proportions, to participants as a ‘yield’ (i.e. 20% to KVT holders).
The Kinesis Monetary System is set to feature an easy-to-use interface, allowing users to utilise and transact as simply as any other banking provider.
KINESIS TECH
Currently operational, the Kinesis Mint is where allocated bullion is purchased and digitally emitted to the Kinesis blockchain:
Create new Kinesis currencies Mint KAU (1 KAU = 1 gram gold) and KAG (1 KAG = 1 ounce silver) into existence; digital gold and silver; Store, send and receive Kinesis currencies Transact globally between Kinesis eWallets instantly, with low fees; Zero storage fees on allocated gold and silver bullion Stored, insured and audited in leading third-party vaults; Yield exposure Kinesis Minters will receive ongoing minter yields for creating and using Kinesis currencies. Limited 3x multiplier on minted currencies until June 30th. KVT ownership is required in order to transact on the KCX during the Initial Minting Offer period.
TEAM
Kinesis was founded by the Allocated Bullion Exchange (ABX); an exchange that already has extensive infrastructure and fully operational technology for the trade and storage of physical bullion in 7 locations around the world.
OFFER
Kinesis Velocity Token
65,000+ KVTs have been sold. KVTs are currently for sale to the public at USD1,000/KVT. The Kinesis Velocity Token (KVT), which is not a gold or silver-based currency, gives holders an opportunity to take a share in 20% of the fees generated from the Kinesis gold and silver-based currencies.
Creating a passive income to participants, the KVT is an opportunity to reward early adopters and supporters proportionately and in perpetuity. For more information please visit the KVT Explained web page.
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Enterprenuer | CEO | ICO Advisor |Investor | Blockchain Enthusiastic | Public Speaker Rated on Nov 9, 2018
5
5
5
12%
It is really good idea. This is going to be competitor to digital gold - bitcoin. The team is really good with expertise in all departments. The per token price is higher but it will hold the value because of physical gold holding against it. They have already raised $55M which is amazing. Whitepaper is detailed and covers all bases. Best of luck team!
Blockchain Consultant, ICO, IEO, STO Advisor. Founder at Crypto Consulting and Investments LTD. Rated on Apr 8, 2019
5
4
4
12%
Kinesis has a very good team leading it; knowledge and experience in all the right areas. Their vision is clearly put forward in their white paper as well
Wow! The team of this project is very powerful. Aside from their careers, they are internationalized without being localized.
Discussion of the similarity between money and Crypto is also known to have a deep history and a very good compatibility as an investment collaboration. And transparency for trading and workers is the significance of the existence of the block chain. So there are many projects to deal with money. But this project deals with silver as well as gold. In addition, they also accept audits of third parties every six months.
I do not know whether debit cards can be operated at the moment, but if this can be done, I think that it is very wonderful if it circulates.
I will support them.
Zubair BukhariICO team member replied on 5 Nov 2018
The debit card feature is in place and has been developed through our partnership with Unified Signal.
Once the Kinesis currencies are emitted users will benefit by being able to spend their digital gold and silver based currencies at the point of sale anywhere that accepts a debit card.
What you have here is a stable cryptocurrency that is easily spendable through a bespoke debit card.
Engineer Rated on Oct 30, 2018 Modified on Nov 9, 2018
5
5
4
11%
Solid team of technical experts and domain experts.
Liked the whitepaper and the vision. This is something I haven't come across before and definitely something to look forward in terms of getting real value for cryptocurrency.
$55m raised which is great! The only concern I have is hardcap is too high - would be looking forward someone to explain the reason for having huge hardcap.
[Update] thanks for explanation on hardcap. I wish you a very good luck!
Account and Investor Relations Manager at Utopian Capital Rated on Sep 19, 2018
2
2
2
8%
The Kinesis currencies offer a unique yield system to encourage adoption and stimulate use. The process is vague and not at all confident in yielding the amount projected. This ICO requires guidance to illuminate investors on safety of their investments.
Zubair BukhariICO team member replied on 5 Nov 2018
Hi Doris, thanks for your review although I don't think you've fully understood our project. In your review, you claim the process is vague and go on to criticise a lack of guidance for investors on the safety of their investments.
However, on our site, you can find a number of documents available including our whitepaper, as standard, and for investors, we have our blueprint which goes into even more detail into the financial analysis and technical breakdown of the project.
Furthermore, we also include an offering memorandum on our website which is a legal document that states the objectives, risks and terms of an investment involved with a private placement. This document includes the company's financial statements, management biographies, a detailed description of the business operations and other information required by VC funds to conduct an informed decision.
I would kindly request that you re-evaluate our project based on the information provided.
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