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Today it’s time to focus our attention on Kinesis’ main currencies which are: · Gold Payment Currency (KAU) · Silver Payment Currency (KAG) KAU represents a gram of gold (1g) which is under contract and is considered a token. It consists of gold cast bars of minimum fineness of 995. The gold bar will feature a serial number and will be stamped by a refiner as per ABX Quality Assurance Framework, table of the Approved Refiner List. Read more here! https://medium.com/@p.dcs.02/kinesis-payment-currency-88d1986de938 |
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I read the article but would like to know more info about the team and project usecase. I guess it's a new project in the making. Goodluck.
Hello! I'm sorry it took so long for me to reply. You're correct! Kinesis is a new project. The website for Kinesis is Kinesis.money and there is also a Telegram group, as well as whitepapers on the main website for Kinesis. I can do my best to answer any questions you may have if you'd like. Thank you for responding to my post and for the luck! Everyone can use a little luck, no matter how successful! Have a great day! |
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Wish the team had linked in profiles on the website.
I'm very sorry about my delay in responding to you! Here is the Kinesis LinkedIn profile https://www.linkedin.com/company/kinesismoney/Also, Kinesis has it's own website you can check out! Kinesis.money Let me know if you have any other questions!! |
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Kinesis Monetary System: The Evolution Of The Gold StandardPre-Sale:
9th September 2018 GMT
Initial Token Offering:
10 September 2018 - 11 November 2018 at midnight GMT
Token Distribution
300,000 KVT Hard CapThere will be a total of 300,000 KVT in supply
Community 70%, Reserve Fund 10%, Founders 9%, Advisors 5%, ICO Marketing 3%, Bounty Campaign 3%
The Kinesis Velocity Token is an ERC20 utility token that receives a portion of the transaction fees from the Kinesis Monetary System Components.
KVT holders receive a proportional 20% share of all transaction fees associated with all Kinesis currencies and 20% of all commissions from the Kinesis Commercial Centre (KCC).
Price: USD 1,000/KVT
Take part in the 100k ETH Airdrop!
Welcome to our first post here on the Bitcoin Talk society, we're excited to be here with you all. We'll be regularly posting with our latest updates here as well as across all other media channels.
We'd like to introduce our CEO, Tom Coughlin, with a a webinar which was recently presented to our community.
A link to the video can be found here on our YouTube channel
The Kinesis Currency is a stable/secure, real-asset (gold and silver) based cryptocurrency, which was created to be used for everyday purchases made across the world. How? Since the Kinesis Currency is easily transferable into any fiat currency and due to its stability, it makes it easy for anyone to use their Kinesis Debit Card for common transactions made around the world.
What Problems Does Kinesis Solve?The evolution of cryptocurrencies has laid bare the time honored debate on what defines the value of money. After the dissolution of the gold standard, Fiat currency across the world have perpetuated a continuous boom/bust cycle amongst economies. The issue that cryptocurrencies have failed to address is one of the principal basis for money: an efficient means for transacting commerce.
Kinesis is established to address the two main principles of money:
- A tool for the exchange of goods and services
- A stored unit of value
Whereas cryptocurrencies have done an extraordinary job of creating stored value, they have not addressed the need for the exchange of goods and services. This exchange is commonly referred to as “velocity” and is the ultimate arbiter of the long term success of any currency. The underlying long-term (stored) value of any currency will allow for greater velocity and success. This is expressed through volatility, which is expressed in the change in value over a period of time of the currency. If one expects that the value of the currency will appreciate over time, then the opportunity cost of exchanging that currency in some form of transaction is high. If, however, one expects that currency to depreciate over time, then one rapidly exchanges that currency for goods readily, further depleting the value of the currency. The inherent issue facing the most cryptocurrencies is high volatility and low velocity, thereby classifying them from a currency to an asset.
How Kinesis Works The Kinesis Currency is a stable and secure, real-asset (gold and silver) based cryptocurrency, which was created to be used for everyday purchases made across the world. How? Since the Kinesis Currency is easily transferable into any fiat currency and due to its stability, it makes it easy for anyone to use their Kinesis Debit Card for common transactions made around the world.
As a precursor to the Kinesis Currency launch, a separate crypto token was created: the Kinesis Velocity Token (KVT). The KVT is built on the Ethereum network. Holders of the KVT token will be able to earn an ongoing share in the Transaction Fees generated by the Kinesis Currency, and this will determine the Token’s perceived desirability and ultimately its value in the market. Its value is determined, implicitly, through the confidence in the Kinesis monetary system and by virtue of the future expected fees received due to the Kinesis Currency transaction fee; and therefore an increase in the desirability/future expected earnings of the KVT coin (and ultimately an increase in the quantity demanded of it).
Check out our vision and get to know Kinesis more! https://medium.com/@p.dcs.02/at-kinesis-our-vision-is-to-increase-the-possibilities-of-what-users-can-achieve-with-money-6e068e8e4ad0 |
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Kinesis is pretty interesting!! |
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https://medium.com/@p.dcs.02/one-of-the-functions-that-make-up-the-kinesis-system-is-the-kinesis-financial-network-a-convenient-80da1da00b30One of the functions that make up the Kinesis system is the Kinesis Financial Network, a convenient mobile banking system that allows users to store Kinesis currencies which can be used for payments, savings, money movement or remittances. The greatest thing about the Kinesis Financial Network is that it’s user-oriented, with features that make for pleasant experiences. Users have the option to hold their currencies on a secure mobile e-wallet, whose balance can be viewed in any fiat currency, so that you don’t have to convert it awkwardly using other services. What’s more, the mobile wallet is equivalent to a virtual savings account, allowing users to earn up to 3% APR interest rate for all funds loaded on the mobile wallet. Another great feature is the integrated debit card, equivalent to a checking account, that can be used at any MasterCard or Visa-accepted facilities, meaning that users can withdraw their funds pretty much anywhere around the world. If you want, you can also create a companion card for kids or family members abroad, that you can then transfer funds to from the mobile account for free.
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