The Kinesis Monetary System

[TheCraMan]

Tether’s bank said to be ‘desperate’ for cash

A Puerto Rico-based startup bank is said to be struggling to survive and that could have repercussions in the cryptocurrency markets.

Noble Bank is trying to keep afloat and has been frantically searching for funding, according to two highly placed sources, including one at a large cryptocurrency exchange. The bank, with a large chunk of assets coming from Tether’s U.S. dollars, is said to have reached out to at least one large holder of the “stablecoin” in hopes of getting a cash lifeline, but the solicitation was rejected. The source would not elaborate on the size of the request.

Tether Watch“If Noble doesn’t get cash soon, they will only have a few days left,” said one source familiar with the matter to Modern Consensus. “They’re desperate.”

[We reached out to Noble Bank for comment but have yet to hear back. Check here again for updates.]

Meanwhile, Tether itself may be having troubles of its own. A top person at a major trading crypto desk has told Modern Consensus that one counterparty has been trying to unload “tens of millions of tethers” without successfully finding a counterparty.

Read more here:

https://modernconsensus.com/cryptocurrencies/tether/noble-funding-cash-tether/

As a benchmark, we have taken the cryptocurrency
backed by USD, Tether, and looked at their velocity
rates and then dramatically decreased them in
our assumptions to remain conservative.
Tether’s velocity stays high for one main reason, they provide
a stable price that can be used by cryptocurrency
users to liquidate volatile cryptocurrencies and
hold a relatively stable one. Their model has been a
success and their velocity is higher than any other
cryptocurrencies.

Between 1 December 2017 to 17
January 2018 their velocity rate averaged at 199% per
day. Backed up by solid argument and evidence, it is our
strong conviction that the Kinesis currency suite
offers a far superior substitute to Tether.

While Tether offers price stability for cryptocurrency users, they
present no certainty with redemptions and have
a product that is beholden to the fractional banking
system that has proven for them to be laden with
multiple layers of counterparty risk. In contrast,
Kinesis offers similar or better price stability and
tremendous liquidity provided by bullion industry
participants.

These features mitigate counterparty
risk (bullion and cash vaulted) and provide much
greater incentive to trade, use, and attract capital.

Read more about Kinesis here:

https://kinesis.money/documents/translations/kinesis-whitepaper-en.pdf

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[TheCraMan]

The Portfolio Benefits of Investing in Gold

This article presents a number of compelling arguments for investing in gold. It explores Gold's role as a risk management tool which offers
excellent portfolio diversification benefits and provides tail-risk protection, as well as gold’s use as a source of capital preservation that hedges against inflation and currency devaluation.
Finally, empirical evidence from various academic studies is provided to show gold’s optimum allocation in an investment portfolio.

Read it here:

https://kinesis.money/documents/translations/research-article-en.pdf

[TheCraMan]

Crypto: Want to stay one step ahead?

Kinesis

Telegram Messenger is the first social media platform we post our big press mentions, blueprint updates and partnerships to.

Join our 15,250 members to take part in the conversation, ask questions and download exclusive cryptocurrency resources:

http://bit.ly/2P4unU5

[TheCraMan]

Kinesis Money and Allocated Bullion Exchange Explore Creating a Joint Commercial Blockchain Venture with Jakarta Futures Exchange in Indonesia!!

LONDON, Nov. 13, 2018 /CNW/ - Today, Jakarta Futures Exchange (JFX), the leading futures and derivatives exchange group in Indonesia, have announced an expanded Memorandum of Understanding (MOU) with Kinesis Money and Allocated Bullion Exchange (ABX). The partnership will seek to develop an Indonesian based and regulated blockchain exchange using Kinesis technology.

Together, Kinesis and ABX have developed an evolutionary monetary system using real assets (gold and silver) as the basis for digital currencies. These currencies are transacted on the Kinesis Blockchain Exchange, a fork of the Stellar Network which is able to handle more than 3000 transactions per second. The system is also integrated with mobile banking and fiat currency exchange services.

ABX, the world's leading electronic institutional exchange for physical precious metals, has been working with JFX to expand gold investment opportunities in Indonesia. JFX is a leading exchange for gold futures contracts, and is now launching a spot physical Sharia Gold Contract, in partnership with ABX, having been granted approval by Indonesian regulators and the Indonesian National Shariah Board.  A blockchain exchange version of gold-based currencies, through collaboration with Kinesis and ABX, is a natural extension of the JFX and Indonesian government vision.

The expanded partnership between JFX, Kinesis and ABX envisions an Indonesian blockchain exchange based on the technical advances of the Kinesis Blockchain Exchange.

This partnership is part of JFX's future intention to create blockchain-based solutions in addition to existing infrastructure, allowing investors alternatives, in which to benefit from an increased ease, speed and security of transactions. The future development of this partnership propels institutional acceptance of blockchain technology, through the sharing of concepts, business models and technology solutions.

Stephanus Paulus Lumintang, President Director, Jakarta Futures Exchange, comments: "JFX is committed to providing the best solutions and services in the futures and derivatives industry.

It's increasingly become clear to us that the benefits of distributed ledge technology, or 'blockchain' will unlock tremendous amounts of value for Indonesia and Indonesian people.

"Blockchain regulation in Indonesia is currently in progress, and it is quite an important, yet difficult task. However, JFX is ready to be a blockchain exchange company in Indonesia, in compliance with any legal and regulatory requirements."

"Our future partnership with Kinesis and ABX will enable us to not only tap into these advantages but to create a secure and transparent blockchain network that provides a credible alternative to existing systems of exchange."

Thomas Coughlin, CEO Kinesis; CEO ABX, comments: "The bespoke blockchain network that we developed creates a complete monetary system which enables real, physical assets to be transacted and exchanged digitally, at speed and at low cost. We believe that the integration of physical precious metals and distributed ledger technology offers tremendous value to the Indonesian market, with its dual interest in gold and in blockchain. We look forward to continuing our partnership with JFX to bring this to fruition."

About Kinesis Money

Kinesis is a monetary system which is based on the traditionally stable commodities, gold and silver. Videos, Quotes, Opinion pieces and B-roll available upon request, please contact kinesis@flamepr.com. More information available at kinesis.money.

About Jakarta Futures Exchange

Jakarta Futures Exchange (JFX) is the first futures exchange in Indonesia to provide an exchange infrastructure for its members in order to be able to conduct futures transactions.

SOURCE Kinesis Money



View original content: http://www.newswire.ca/en/releases/archive/November2018/13/c2765.html

[TheCraMan]

Kinesis thought leadership - Sky News

Our very own Chief Marketing Officer, Jai Bifulco, was selected to address the crisis in Venezuela with their unique use of blockchain technology and the introduction of their state-backed cryptocurrency that they have launched called the Petro on the popular news outlet Sky News.

The Petro, supposedly, will be backed by the country’s oil and mineral reserves and is intended to supplement Venezuela’s plummeting bolívar, as a means of circumventing U.S. sanctions and accessing international financing.

Read it here:

https://medium.com/@kinesis/kinesis-thought-leadership-sky-news-ad1fce3f89bc

[TheCraMan]

Important Announcement — KVT sale extension

Hello Kinesis community,

Please be advised of an important update regarding the Kinesis timelines and release schedule.

The end date for the KVT public sale and the dates surrounding the Kinesis Currencies ICO have been amended. As Kinesis starts to pick up serious momentum, we have reviewed these dates and made some adjustments in order maximise value and extend the investment opportunity for the wider community and partners involved in the project.

We still intend to release a Beta version for user testing according to schedule, March 18th, 2019.

This will allow for user acceptance testing during the KAU and KAG ICO presale period before we officially launch the public ICO on May 15th, 2019.


With this in mind, we have revised the Kinesis Velocity Token public sale time-frames based around the following three key factors;

1. Currently KVT sales are continuing at a steady rate. Closing the token sale with the current momentum is counterproductive to the level of success that the Kinesis Monetary System could achieve with an extended timeline.

2. In line with the point above, the imminent release of a MVP Kinesis blockchain wallet allows for our teams to have more advanced and detailed conversation with interested parties.

3. As we will be launching the Kinesis Monetary System in mid-March for Beta testing, unless we sell out before this date, it makes sense to keep the token sale running right up until we launch the ICO presale on March 18th, 2019.

The new timelines:

KVT Public Sale ends: 23:59 GMT March 17th, 2019
Kinesis Currency ICO Pre-Sale begins: 00:00 GMT March 18th, 2019
Kinesis Currency ICO Public Sale begins May 15th, 2019
Kind regards,

Thomas Coughlin CEO

[TheCraMan]

New advisory board member
We’re excited to announce a new addition to our advisory team; we welcome Bryan Feinberg, CEO of Etheralabs. Etheralabs is a New York City-based venture lab that invests in, builds, and deploys disruptive technologies across the blockchain ecosystem.

Bryan Feinberg is a licensed investment banker and holds his 7, 63 and 79 FINRA licenses as well as being a prominent figure in the blockchain industry.

With Bryan’s knowledge and experience, he will aim to accelerate growth and lend strategic expertise. His attitude, coupled with the scope of his business insight will be a tremendous asset for Kinesis.

[TheCraMan]

Click to play

Kinesis CEO Tom Coughlin interviews with Bart Chilton on Boom Bust at RT.com. Kinesis is not just a stable coin, Kinesis is a monetary system based on 1:1 allocated physical gold and silver.

[princessjenyz]

There will be a competition between this project and bitcoin - a digital gold. They have really impressive team with great expertise both in technical and domain fields. The project already raised $55M which is a good starting point for the product development. Your whitepaper is very detailed and comprehensive.

[crazyer1976]

There will be a competition between this project and bitcoin - a digital gold. They have really impressive team with great expertise both in technical and domain fields. The project already raised $55M which is a good starting point for the product development. Your whitepaper is very detailed and comprehensive.

Today I can't open the project website, I can't read its white paper. What's the matter? Need to use a VPN? How can I verify that the project has raised the funds you have indicated?

[TheCraMan]

Click to Play

In this Kinesis video we cover two key yields that relate to minting the gold and silver KAU and KAG currencies.

[Kinesis.money]

keep supporting Kinesis Money. We will grow together.

[Animunie]

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 peoplecentric
revolution.

This is one of a kind project that gives more exciting to the market. Looking forward for the huge success of Kinesis.

[chronus1123]

This Kinesis Blockchain Network provides very high  transaction speeds, coupled with customisable,
percentage-based transaction fees, which has created optimal conditions for the Kinesis currency. Im looking forward for more coming progress of this project.

[Animunie]

Kinesis has a vision to deliver an evolutionary step beyond any monetary and banking system available today. They are a yield-bearing digital currency based on 1:1 allocated physical gold and silver. It's the evolution of the gold standard.

[chronus1123]

I alsp heard about this KBN and 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 yields based on money velocity.

[jonsnow008]

Will the payment system work for US merchants?

[Animunie]

Kinesis Monetary System enhances money as both a store of value and a medium of exchange, and has been developed for the benefit of all. So it would be great to support this kind of project and we're all grow together!

[marina101]

I have read that Kinesis Money and Allocated Bullion Exchange Explore Creating a Joint Commercial Blockchain Venture with Jakarta Futures Exchange in Indonesia. This is so exciting. No doubt this project will going to be a great success.

[Ellie Tinmar]

This project is really gonna hit soon! that will be surprised the crypto wold. Legit and Good team is handling this kinesis, i know it will be sucessful.