KINESIS IS GOLD.

in #crypto6 years ago (edited)

INTRODUCTION

Cryptocurrencies are driven by the laws of demand and supply. If people want to buy, the prices increase; if people want to sell, prices decreases. Due to the fact that cryptocurrencies have a smaller market size as compared to others, small movements, positive or negative have conspicuous effects on the price. The few with large stakes hold disproportionate amount of power over its pricing.
The volatile nature of cryptocurrencies means the holder is limited with his dealings with it, and as such means it is unsuitable for commercial exchange. That is, limiting their utility as a currency.
Slow speed of transaction as well as high processing fees limit the application and use of cryptocurrencies. Thus limiting the rate at which trade occurs and in the long run limits its usage in our day to day lives.
The solution is an asset-backed digital currency combining blockchain technology with stable and definable stores of value, which is Gold and Silver. However, because they have no yield; they rather cost money to hold securely. It is necessary to give these precious metals yield, as well as increase the speed of transaction and end the idea of fixed processing fees.

So, with the problems highlighted above and the solutions, can we actually find one platform that provides these answers?
A resounding YES. All thanks to Kinesis

WHAT IS KINESIS

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Kinesis is a monetary system that enhances money as both a store of value and as a medium of exchange, all this through participation. It aims to stimulate the movement of money, assets and commerce in an honest and rewarding process. Thus creating a solution for the global need for sound and reliable money. Due to the fact that it rewards those that employ its own currency, it stimulates the movement of capital, hence encouraging economic activities.
KINESIS MONETARY SYSTEM

Kinesis is a monetary system focused on minimizing risk, and maximizing the rate of adoption. The fundamental of the Kinesis Monetary System is the attraction of outside capital via a very attractive risk ratio, and then put into highly stimulated movement. This is achieved by:
•giving money 1:1 direct allocated physical gold and silver
•attaching a unique yield system that promotes exchange and shares the money generated fairly, according to user participation and capital velocity.
Kinesis will attract capital from Cryptocurrency Markets, Gold & Silver Markets, Fiat Currency Markets and Investment Asset Markets.

FEATURES OF THE KINESIS
MONETARY SYSTEM

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•Kinesis Currency Exchange (KCX): This is the wholesale market where the currency is minted and created. “This occurs in an institutional centrally cleared exchange with deep liquidity and connectivity into global wholesale trading organizations via Allocated Bullion Exchange (ABX).”

•Kinesis Blockchain Network (KBN): This is the blockchain on which the Kinesis cryptocurrencies is built. Theses currencies can be traded on the blockchain, as it allows its buying and selling. Coins gotten from the wholesale market is emitted into the blockchain network with yields based on money velocity.

• Kinesis Blockchain Exchange (KBE): This is the place where Kinesis and other cryptocurrencies can be traded. It is developed specially so as to give deep liquidity for Kinesis cryptocurrencies.

• Kinesis Financial Network (KFN): This allows for the saving, payment, remittance of Kinesis currencies.

KINESIS
DIGITAL CURRENCY

•Physical Gold and Silver (KAU and KAG): “Kinesis’ primary currencies, KAU and KAG, are based 1:1 on allocated physical gold and silver, two of the greatest stable and definable stores of value for use in trade and investment.” Meaning the owner of the coin holds the full direct title to the bullion.
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Instant conversion of KAU and KAG into fiat currency anywhere in the world that accepts Visa/MasterCard’s via the Kinesis debit card.

The Kinesis debit card also allows users with Kinesis currency to withdraw funds at an ATM.
• Bespoke Blockchain Technology: The Kinesis Blockchain Network provides very high transaction speeds, percentage-based transaction fees, which has created optimal conditions for the Kinesis currency. It is developed on the Stellar blockchain.

•Yield: Varying degree of participation attracts a yield of physical gold and silver. The following persons have different yields, and they include;
①Minster Yield:
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The process of converting fiat currency into KAU and KAG coins is known as minting. Minsters receive a 5% share of the transaction fees on the coins they create and use.

②Depositors Yield:
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Depositors receive a 5% share of transaction fees on their initial deposits.

③Holder Yield:
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Holders receive a 15% share of the transaction fees generated while holding the currencies, calculated daily and paid to them monthly.

④Recruiter Yield:
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Recruiters, just like referrals are rewarded for bringing in new users to Kinesis

⑤Fee Sharing: This phase runs from 12 November 2018 to 28 February 2019. Early birds to Kinesis get higher ongoing fees. But first, you must subscribe into the KVT ITO.

KINESIS CURRENCY SUITE
Kinesis Currency Specifications:

•Gold Currency (KAU): Comprises of 1 gram gold contract and token. Consists of gold cast bars of minimum fineness of 995, bearing a serial number and stamp of a refiner, according to the ABX Quality Assurance Framework.
•Silver Currency (KAG): Comprises of 10 grams silver contract and token. Consists of silver cast bars of minimum fineness 999, bearing the stamp of a refiner, as per ABX Quality Assurance Framework.

Kinesis Wholesale Segregated Currency Specifications:

• Gold Wholesale Currency (KWG): Comprises of 1 fine kilogram gold contract and token. Consists of gold cast bars of minimum fineness of 9999, and bearing a serial number and identifying stamp of a refiner as per ABX Quality Assurance Framework.
• Silver Wholesale Contract (KWS): Comprises of 1,000 troy ounces of silver contract and token. Consists of silver cast bars of minimum fineness of 999, and identifying stamp of a refiner as per ABX Quality Assurance Framework.

KINESIS VELOCITY TOKEN (KVT) ITO
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The Kinesis Velocity Token is an ERC20 utility token that receives a portion of the transaction fees from the Kinesis Monetary System. KVT holders receive a proportional 20% share of all transaction fees associated with all Kinesis currencies and a further incentive of 20% of all commissions from the Kinesis Commercial Centre(KCC).

ADVANTAGES OF KINESIS OVER ALTERNATIVE NETWORKS

Kinesis Tokens are comprised of open-source technologies that depend on a networks of computers to run softwares that process the transactions carried out fast, effectively and efficiently. This means the company has limited control over Kinesis Tokens and Platform.
Kinesis is
-fast
-reliable
-secure
-efficient
-effective
-easy to use
-decentralized
-cheap

ADDRESSING BULLION MARKET PROBLEMS

•Archaic & Inefficient Market: The system of trade by users presently is archaic; manual, inefficient, expensive and problematic. For example, phone dealing desks involve placing a physical order with a supplier. Trade Over the Counter (OTC) has been generally accepted to be problematic, and several issues can arise due to its physical nature. However, Kinesis, in partnership with ABX and its operationally segregated wholesale contracts, which offer serial numbers and bar hallmark for transparency of trade offers an ideal solution.

• Siloed and Inefficient Market: The current physical markets are isolated and disconnected from one another. Kinesis will interface these isolated markets, creating an ‘umbrella’ that will bring them together.

•Limited Resources: Insufficient resources available means that the present companies are localized and do not carry out their functions effectively. Kinesis
however, allows local market to expand internationally. And this in turn attracts international clients.

•Barriers to Entry: Due to the absence of a preexisting global aggregator platform, most local participants are forced to trade locally and pay extremely high fees when trading internationally because of the substantial price differentials existing in different markets across the world. Kinesis
breaks down the barriers to entry to each physical market and directly interface these trading centers allowing traders to arbitrage the differential.

•Market Access: ABX eliminates the middleman that is needed when precious metal producers want to access the exchange. It also integrates the physical trade cycle that allows end consumers to access the exchange directly.

APPLICATION OF KINESIS

-Banking
-Mining
-Businesses
-Individuals.

USE CASE

•Gbola is a hard working student that splits his time between his studies and his business. He recently won a scholarship, and decided to invest them in cryptocurrencies because his friend Ben is an ardent crypto investor that has benefited from it. However, Ben lost about half of his investments due to some mistakes that occurred at the Trade Over The Counter. And this discouraged Gbola. He heard of Kinesis
and decided to buy bullions, and save them up because he knows he can trust Kinesis. And today, he is reaping the benefits.
CONCLUSION

With Kinesis we are able to take the maximum store value of gold, and make it an efficient medium of exchange, thus making money that is an efficient medium of exchange and an effective store of value that is globally accepted.
Meet the Team

Executive Team
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Operations Team
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Development Team
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Advisory Team
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For more information and resources

Kinesis.Money Website
Kinesis.Money WhitePaper
Kinesis.Money OnePager
Kinesis.Money YouTube
Kinesis.Money Telegram
Kinesis.Money Linkedin
Kinesis.Money Github
Kinesis.Money Steemit
Kinesis.Money Bitcointalk
Kinesis.Money Medium
Kinesis.Money Twitter

Link to twitter post: https://twitter.com/eghe0921/status/1036743535968571392?s=19
kinesistwitter
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