Kinesis - a universal money system powered by the blockchain

jerry1994 (6)in #crypto • 6 years ago (edited)

Introduction

At a global level, financial systems are in need of methodologies more adapted to the processes that are currently being executed, so as not to be so isolated from one of the most important axes of operation of any company, society or government. Each financial system requires a technology that is very different from the others but does not distance it from reality. The evolution of the blockchain has presented many opportunities in the growth of the digital economy, in spite of these opportunities the payment systems in the blockchain have suffered due to the volatility of the price.

About the Kinesis Project

Due to the high volatility of cryptocurrency, that makes it an unsustainable and sometimes unsuitable form of commercial exchange, the Kinesis project seeks to solve that problem. Through its universally acceptable asset-backed, decentralized financial system, which makes the platform a commercial exchange, one that is fast, secure, efficient and with a lot of incentives. A system that has successfully harmonised the oldest form of money (gold and silver) with the new decentralised technology of the blockchain in order to serve and promote the interests of its users.

Kinesis set out with the sole purpose of creating an evolutionary monetary system that surpasses any other system that currently exists. A system whereby active participation amplifies the value of the coin both as a medium of exchange and as a store of value for everyone. At the core of the mechanics of the Kinesis system, is to hasten the flow of assets, money, economic activities, and commerce in an honest, fair and rewarding process. Another major purpose of the Kinesis system is to convey an internationally fungible financial system, created to reward participants hereby creating a solution for the world’s need of a reliable, sound money.

Bet your claim on the economic benefits of the monetary system of the future.

It has been developed for the benefit of all users. It has three basic points: security, based on the highest standards of digital security in blockchain networks and data storage technologies. In the background and no less important is its efficiency using the blockchain Stellar network with capacities of +3,000 transactions per second and transaction confirmation, i.e. fast and secure. And last but not least, the reward; offering its users a completely unique and multifaceted performance system, providing active and passive rewards for all who participate in it.

Problems Kinesis is Solving

Due to the price volatility of the cryptocurrency market, which makes it unsuitable for the storage of value and a reliable use as a form currency. Due to the uncertainty hovering over the cryptocurrency market, this restricts to be adopted on a massive level. However, the breakthrough cryptocurrency has made as an alternative currency has paved the way for Kinesis to innovate and improve the system
Kinesis hope to solve the long old problem that fiat currencies have faced over time, as well as the challenge of storage value
Develop a more improved system to generate yields, that is better than what is currently offered by the borrow/lend networks
Put a stop to centralized banking systems
Checkmate government’s bad habit of printing money and funding itself, creating deficits in the process
Discourage the HODLing culture, which is when people store their assets such as cryptocurrency, money with the hope to cash out when there is an increase in value
Remove the fraud factor associated with asset-back securities
Create a system where bullion assets can yield interests
Install an over-the-counter (OTC) alternative, that is digitally enabled for bullion exchange markets
Help small markets scale by listing their physical assets for exchange opportunities

Conclusion

Kinesis is simply the future of money, as it is a platform that is implementing all the successful means of transferring value legally throughout history; and at the end of this convergence of systems, you will be left with a robust financial hybrid system. One that is backed with the ancient precious metal backed financial system (bullion), together with fiat and the most recent technology based blockchain and cryptocurrency financial system. So, with this asset-backed, cryptographic financial system, comes with a lot of benefits that the alternative financial systems can't offer individually.

Kinesis promises to revolutionize how financial yields are earned, unlike the debt systems implemented by banks, which in the long run devalues the currency it represents due to the poor premise it was founded on. On Kinesis Monetary System, users of the platform earn by actively participating in the network, as well as earning a certain percentage of the transaction fees the system accrues - forever!