About Kinesis and how it will change the way users interact with gold and silver!
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Kinesis is a blockchain project which seeks to replicate the old world monetary method where fiat serves as a medium of exchange by improving the method so as to make the newly inculcated system (whereby people hoard cryptocurrencies with the expectation that a rise will occur or simply to its former state) become less worry and make them embrace this new project.
The mission of kinesis is to give the world what it has been demanding , which is a stable and reliable more medium of exchange which is not a secondary one and not a subordinate to another to eliminate the act of people hoarding a currency of a high value and spending that of lesser value thereby encouraging hoarding.
KINESIS MONETARY SYSTEM
The primary elements of kinesis are;
Gold&Silver;
Known to be the most reliable store of value for use in commercial and private transactions and investments, because of its physical characteristics to maintain value.
Yield;
This is the return generated when money is spent (economic activities) other than acquiring credit(debt-based system) experienced in fiat money. It is used in commercial, institutional and retail investments.
Blockchain & cryptocurrency Technology:
As expected, kinesis operates using the untraceable modern system of exchange and storage.
Individual interaction with gold and silver will be reformed. Instead of storing your assets using cryptocurrencies which isn't stable and encourages hoarding, kinesis seeks to make use of gold&silver which their value is rather stable and physically characterized to ensure appropriate allocation.
What are the benefits of having a currency backed 1:1 by gold or silver?
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• the income generated by the kinesis monetary system is fairly shared according to participation and capital velocity.
• the direct title to the bullion used for the 1.1 backing of the gold and silver coins is allocated to the owner of the respective coins.
How does Kinesis.Money open the bullion market to regular users?
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Kinesis tends to integrate some markets experiencing low turn over in terms of their yield. These include;
- Cryptocurrency Markets
- Gold & silver markets
- Fiat currency markets
- Investment Asset Markets.
Kinesis are going into a partnership with Allocated bullion exchange (ABX) www.abx.com, because of their reputation as the world leading electronic institutional exchange which themselves just partnered with Deutsche Borse Group.
THE INITIAL TOKEN OFFERING (ITO)
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The kinesis velocity token (KVT) is a token which kinesis wants to use to raise capital for startup for the project at hand. It is an ERC20 utility token. The KVT is currently in pre-sale with a launch date of September 10, 2018 to November 11,2018.
THE INITIAL COIN OFFERING (ICO)
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This is of two types, one is backed by gold (KAU) and the other is backed by silver(KAG). Kinesis is backed by gold and silver therefore all transactions will run using the KAU and KAG which serves as the monetary system. This is set to commence immediately the ITO ends, sale starts by November 12,2018.
Why does Kinesis inherently have less volatility?
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Looking at the rate at which cryptocurrencies experience volatility because of the nature of the currency to experience moments of increase and decrease, which makes their price to vary from time to time. The case is different when it comes to kinesis, viewing it from their aim which is to minimize risks, maximise return,stimulate velocity and maximizing the rate if adoption. The volatile currency (cryto) is not widely adopted as not everyone can afford to keep such a varying currency as it also comes with risks. Cryptocurrencies are not stable and are currently limited which therefore prevents their usage in commercial applications.
To curb these issues, kinesis came with a solution to eliminate currency velocity and establish a stable one to be adopted internationally as a store of value and a means of exchange.
How will the know-how from ABX translate into a successful execution for Kinesis?
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Looking at the reputation of ABX at the global stage ,kinesis will make use of their multi-layered third party audit and verification system which has been in operation since 2003 without blemish and using their wholesale spot billion exchange to successfully execute kinesis' objectives, as ABX is in a partnership with Deutsche Borse Group and using their newly incorporated services such as,physical handling, clearing, storage and delivery mechanics to enhance successful execution of kinesis.
What is the benefit of using Kinesis over OTC alternatives?
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OTC-over the counter is the current method in use by wholesale bullion market participants. A manual method which has its short comings in terms of the problems it poses , its inefficiency and relatively expensive to maintain. This method is manual ,(meaning all activities are conducted using a pen and paper ) which then implies that all transactions are to be made physically ranging from order placement and monitoring to purchase and its discrepancies.
Kinesis is a blockchain based project which means no physical contact is required as blockchain is also known to offer the best service at the lowest possible cost. Also, with their partnership with ABX, they look forward to providing solutions to various issues arising from the OTC methods using the blockchain technology.
USE-CASE :
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Wilson is an investor who has a lot of investments in cryptocurrencies. Seeing the volatility of crptos, he tends to keep them until they reach their highest possible rate, which to his expectation should be near, but as per the nature of the currency, the value fell and Wilson will have to wait for it to return to the value he bought it in the first place. Probably if it does, he wouldn't want to sell immediately as he'll want to wait for it to increase so as to make profit. This is making Wilson incure some loses one way or the other. He then seek to invest in bullion by selling all his crypto assets after being introduced to him by a friend.
He started experiencing difficulties with the security of the assets as it is physical and not protected by and means necessary and therefore prone to theft and misplacement.
What if Wilson's bullion is protected with the decentralized blockchain technology?
He later came across Kinesis after so much searches and dangling around the web on a secure bullion. Now Wilson can conveniently protect his currency and spend anytime he wants without the thought of devaluation and more importantly, security.
For more information, Visit their website
For more details, Read Kinesis whitepaper
This is an 
Kinesis2018