Preface
The blockchain technology has been evolving in the world over the years, becoming in this way a very important and widely used technology in the field of digital assets, being a fundamental part for the launch of cryptocurrencies and thus their use and purpose that meets today.
Since its creation for an alternative and decentralized method for handling money or currencies in digital currencies such as cryptocurrencies, it has been of great help to promote this alternative method and which is much more reliable.
This has led to today's cryptocurrencies being a method where any average person can invest and achieve profits either by undermining any type of crypto, buying and selling or in any page that offer cryptocurrencies as part of a payment for the loans of the services offered.
Something that has always wanted to achieve in the world of cryptocurrencies is to be adopted worldwide as a method of payment anywhere in the world, which can be used for any purchase we make or as a method of payment to purchase a service.
But there is a key point that has made this not possible even today despite the time that cryptocurrencies have been used and is that it is not possible due to the price volatility that cryptocurrencies constantly suffer.
The fact that prices are constantly in this process is complicated, because the volatility of prices can give their negative and positive points, perhaps for those who buy in casualties or those who sell in peak will get their profits but in the negative and speaking in general represents a great uncertainty and a great risk.
It makes it a difficult adoption because when making a purchase with a cryptocurrency when the payment is made, the crypto can comply with the standard and the price of the object but then when the buyer leaves, the seller can obtain losses due to that the accepted cryptocurrency has suffered from a decline in the market and has lost value for what the seller has obtained losses after selling your product, and so can happen with any business that occurs.
It is necessary an asset backup that manages to avoid this price volatility, thus achieving a more stable and reliable system, a monetary system that is efficient and that encourages commercial exchange is necessary, that is why in this publication I will talk about Kinesis and which are the key points of this platform, its function and how it comes to reinvent the blockchain system.
Kinesis
Kinesis is a new blockchain project that comes to reinvent the blockchain system as we know it today, wanting to solve the problems of price volatility that we can find in cryptocurrencies, that's why Kinesis has a backup of assets 1: 1 in gold and silver physical to be able to put a stability in the market and eliminate the volatility of the price of cryptocurrencies.
Kinesis seeks to monetize the real money of the world such as gold and silver, Kinesis also provides great security and maximum monetary stability, which was something that was looking to obtain from a while ago, Kinesis offers the safest way to store digital data and offers significant commercial reward for all users the Kinesis ecosystem.
The vision that Kinesis has is to go beyond what another monetary system today managed to go, so that it is the most innovative in the current market, and also through the participation of individuals to achieve an improvement in money as a reservation of value.
The mission that Kinesis has is to deliver a unique monetary system, designed to benefit everyone who is participating in the Kinesis ecosystem and also create a solution for the current global need and offer a reliable and solid money.
The biggest problem
Gold has always been treated as a reserve of value with great importance since the monetary systems we know today, but no country currently supports its currency with gold, the last to do so was Switzerland in 1999.
Now speaking of the Fiat, everyone knows that it is a legal currency whose value is backed by the government that issued it, this is a big problem because instead of being backed up by a physical asset such as gold or silver , its value is based on the strength of the government that issues it. Which suggests that it is in constant risk of inflation.
Not having a stability in terms of the price of the crypto this generates a great uncertainty, makes it clear that they are not viable reserve currencies, which prevents a massive adoption, these crypt have great limitations because they generate a sustainable use in applications commercial.
The main reason why cryptocurrencies were adopted so quickly was because they were seen as an option to bring efficiency in commercial transactions but several years have passed since their invention and it has not yet been possible to reach the point of implementation in the common market due to its deficiencies and non-existent support in assets.
There are three problems that must be addressed as they are:
- Law of Gresham's money.
- Yield.
- Security.
The one that has not yet been adopted in the market is due to the volatility of prices, this is partly due to the fact that they do not have an asset backup which makes them prices that are constantly changing, thus avoiding an adoption by the parties of sellers and companies that offer services.
It is evident that a central authority in the center of a monetary system is problematic, banks nowadays are only in charge of printing money devaluing it in this way because they do not have a backing, which also generates a price inflation, this is a problem that Kinesis wants to solve with its stable and decentralized alternative.
A problem that we can find is that we usually choose to use or spend that less badly fiduciary currency or that it is less valued and keeping that fiduciary currency with more value, be it any cryptocurrency, gold or silver.
Not only those assets that do not have a backup generate problems, but also the assets with a backup can have problems such as the case of precious metals that do not have an associated yield, there is also the problem that these assets have to have a system of security that at the same time is expensive but necessary to avoid fraud or theft.
Monetary system of Kinesis
With its mission to avoid an accumulation of cryptocurrencies, which generates a deterioration and volatility of prices, Kinesis adopts and rewards the use of its own currency, so that people can create and generate more movement of their capitals, thus promoting, trade and economic activity, this is achieved with the fundamental part of the system which is the incentive and encouragement to achieve a speed of money.
This is possible through the support of assets directly in 1: 1 money through a special process that encourages a greater exchange of assets in the market thus generating an equal distribution of the wealth generated through the Kinesis Monetary System. .
Kinesis consists of three fundamental elements which are:
Gold and silver, the backing of the main Kinesis currencies are 1: 1 with gold and silver in physical allocated which means that the bullion used for the 1: 1 support is assigned to the owner of the coin.
Yield, is the profit that allows to obtain a certain operation, this profit is obtained through the resources used and in this case the yield is generated by the economic activity which provides a defined value due to the calculations of the Net Present Value (NPV).
Blockchain and Cryptocurrency Technology, with a great better because it has a backup in assets.
The Kinesis system is responsible for the allocation of bullion, fiduciary notes, cryptocurrencies and other assets which are physically and digitally stored in their Kinesis banking and administration systems.
This helps you to forecast the risks and returns, along with the currency and asset markets. Kinesis hopes with time to add more currencies and assets in order to expand into markets around the world, since it is a necessary application in the real world, whether for private transactions or for trade.
Kinesis seeks to get capital from the markets, such as:
- Cryptocurrency markets, currently little or no performance.
- Gold and silver markets, currently little or no performance.
- Investment asset markets, comparatively low returns for the stock market and real estate investment.
- Fiat currency markets, low to negative performance through debt-based interest rates.
The Kinesis monetary system is a system that offers great stability and security, Kinesis seeks to minimize risk, obtain better performance and achieve a speed that allows a better rate of adoption. In comparison with other markets it is less risky and offers better returns.
Key Points Kinesis
- Security, Kinesis has been in charge of managing and implementing the best digital security systems in the world of blockchain networks to avoid any attempted theft or piracy, providing greater security.
- Efficiency, using Stellar's Blockchain network allows Kinesis to have the ability to overpass +3,000 transactions per second and also transaction confirmation, they have been responsible for making the users of the Kinesis ecosystem satisfied with the efficiency of the system.
- Reward, Kinesis provides a completely unique and flexible system, offering in this way monetary incentive to those users who participate passively or actively in the Kinesis ecosystem.
Allocated Bullion Exchange (ABX)
Kinesis has been developed in association with a renowned public company which is Allocated Bullion Exchange (ABX), this company is the main institutional electronic exchange for precious metals, established in 2011 with headquarters in Brisbane / Australia, is a large company that It has seven shopping centers (New York, London, Zurich, Dubai, Hong Kong, Singapore and Sydney), price fixing and holds vaults all over the world.
Recently partnered with Deutsche Borse Group entity European Commodity Clearing (ECC).
“We are very excited about the partnership with ECC”, says Eric Maine, Chief Strategy Officer of ABX. “Bringing one of the largest financial markets onto an electronic, institutional trading platform which is centrally cleared by ECC and their 23 global clearing banks and 400+ member firms, is a major step for both ABX and for the precious metals industry. ABX and ECC’s efficient, cost-effective, transparent and robust centrally cleared model is what the global physical precious metals industry and related regulatory bodies have been waiting for, and represents a superior and viable alternative to the opaque, legacy, unallocated market.”
Sequencing
The Kinesis Monetary System is composed of two different and sequenced events which are:
The Token initial Token (ITO) of the Kinesis Velocity Token (KVT), this token is compatible with ERC20, this token is the means by which the capital will be collected that will be used to support the global Kinesis Monetary System, the holders of the KVT obtain a percentage of profits through transaction fees.
The initial offer of coins (ICO) which will be the first series of Kinesis coins and these are backed by 1: 1 for precious metals. The first coins are KAU which is the gold coin and KAG which is the silver coin, these coins will be those used for any type of transaction in the Kinesis monetary system.
Bullion market problems
- Archaic and inefficient market, large companies and ordinary people in the market are agreed that the current system in which the bullion market (OTC) is negotiated is outdated, due to the fact that they operate largely outside the electronic environment difficult and makes it a more inefficient system.
It may be by phone, email or people, these systems are problematic, archaic and inefficient, so there is a need for a transition to a new digital system that is efficient.
That is why Kinesis through its institutional integration with ABX offer a great number of series and distinctive seal of bars, helping a better business in the wholesale trade through the chain of blocks.
- Dirty and inefficient market, the problem is that these physical markets work on their own but in a completely isolated way which makes it a negative point, being so independent and without organized work.
This is something that Kinesis wants to change and is that they offer inactive interaction with the rest of the markets to also offer a global physical liquidity, providing an improvement to this market.
- Limited resources, organizations that we find today in the market unfortunately do not have the necessary resources to execute the due diligence that is necessary, which complicates transactions.
Kinesis along with its technology and system will help market participants to expand their horizons.
- Barriers at the entrance, there is a great latent problem and that is that the participants of the local market, commonly or almost always, can only commercialize in the region where it originates.
The big bullion banks and the big international trading houses can break these barriers and expand but the small ones can not and it is something that must be solved for a better harmony.
This also generates a price difference in the global market, since there is no pre-existing globar aggregator platform, which leads to different liquidity centers.
Kinesis breaks these barriers, because it interacts directly with shopping centers, this is very useful because it allows operators to arbitrate the differential.
Market access
The Kinesis monetary system presents components
Kinesis is composed of a complete monetary system, since it has all the elements and functions that are necessary to have a monetary system that is highly effective and successful.
The Kinesis system has the necessary elements to make it a successful monetary system, which are made up of different business units which are:
1.- Kinesis Currency Exchange (KCX), is the wholesale market where the currency is created and minted, all this is possible through a centralized institutional exchange that has its connectivity in global trade organizations.
2.- Kinesis Blockchain Network (KBN), Kinesis cryptocurrencies are built around the blockchain technology of KBN, the coins that are purchased are issued in KBN with their incentives based on the speed of money.
3.- Kinesis Blockchain Exchange (KBE), with KBE you can exchange the blockchain digital currencies where Kinesis and other digital currencies are exchanged, this with the aim of guaranteeing a liquidity for the Kinesis currencies.
4.- Kinesis financial network (KFN), its function can be for the mobile banking system and thanks to this the Kinesis coins can be saved or used to make payments, remittances and movement of money.
A key point of KFN is that it has its own MasterCard and Visa debit card, with its accompanying card to provide the option to use Kinesis as a payment currency anywhere in the world.
The debit and mobile payment card can be in any fiduciary currency that is of our choice, this account has a balance and account system that is like a virtual savings account, which gives the opportunity to generate interest in the payment account user's mobile. This card can be used at any point where MasterCard or Visa cards are accepted, which would make it easier for the client to withdraw their funds at any ATM in the world.
5.- Kinesis Commercial Centre (KCC), the KCC helps provide goods and services in a way that makes it easier for the Kinesis currency package to be manipulated in a simple way and without any occurrence as a payment method for merchants.
Kinesis currency suite
Kinesis has been in charge of developing a blockchain network that is taken from the creation of a project that deviated from the main direction but that took the source code of the existing project such as the Stellar blockchain network for the suite of Kinesis currency.
This provides the opportunity for Kinesis to take full advantage of the high transaction speeds and superior security that Stellar offers, of course Kinesis added value features.
Kinesis in their digital currencies based on 1: 1 assets have several products or reserve and payment coins incorporated to be specific. Which are:
- Gold and silver physics.
- Digital Currencies: TBA
- Physical segregated gold and silver bars.
- Physical tickets, JPY, CHF, EUR and GBP.
Kinesis Payment Currency Specifications
Gold coin (KAU), 1 contract and record of fine gold gram, this consists of bars of gold cast in minimum fineness of 995.
Silver coin (KAG), 10 grams of contract and silver chip, this consists of silver bars with a minimum fineness of 999.
Both coins have an identification stamp according to the ABX quality assurance framework.
Wholesale gold coin (KWG), 1 contract and gold file of fine kilograms, this consists of gold casting bars with a minimum fineness of 9999.
Wholesale silver coin (KWS), 1,000 troy ounces of contract and silver chip, this consists of silver bars with a minimum fineness of 999.
Both coins have an identification stamp according to the ABX quality assurance framework.
Multifaceted Velocity Based Incentivising Yield System
Description, Kinesis has been in charge of developing a system specifically responsible for attracting institutional and retail capital, and at the same time they manage to encourage the use and speed of currency, this means that users are financially rewarded, all this through greater participation and speed at which money changes hands from Kinesis coins.
The Kinesis system offers very favorable economic implications that call the attention of people and companies and is that with the great Kinesis system and shared economic wealth they offer a great incentive to use the coins and get a greater participation and speed general of Kinesis coins.
Having a backup is already proven that speed rates will increase and this is due in large part to offer a stable price and so users can use to settle the cryptocurrency or digital assets and still maintain a stable price.
The Kinesis team is completely confident that with its system and its support they offer a very important stability for the users and a great liquidity provided by the participants of the bullion industry.
Velocity Based Incentivizing Yields
- Minter Yield
This system is designed with the main objective of attracting capital and then be able to put it in motion to maximize the incentive, which would be sending, spending or selling the currency.
The miners who are responsible for creating the currency and who can then also use it in the blockchain secondary market receive a large part of the transaction fees as part of an incentive for the currencies they generate.
- Holder Yield
It is an incentive that provides those who have a passive share of the Kinesis currency, this system is designed to compete with bank deposits or dividend yields in shares, these passive participants get their benefits while their money this in circulation.
- Recruiter Yield
It is a system that is easy to understand, which is in charge of encouraging those people or companies that attract new people to the Kinesis ecosystem.
- Depositors Yield
This system encourages those users who acquired Kinesis coins at a high speed initially, thus promoting a higher return than is sought, what is essential in this system is a large initial deposit and a large use of the currency.
Kinesis economy
1.- Kinesis Minters, is an easy system since each minter will receive a performance in their participation, to obtain this you only have to buy the Kinesis currency in the KCX wholesale market and you just have to spend it, send it or sell it in Kinesis Blockchain Network (KBN ), all this will be through the Kinesis Wallet.
It is a system that offers good alternatives to generate recurring income, since it is only necessary to create and use the Kinesis currency, the greater the number of coins minted and sent to the system, the greater the value of the currency that will be moving through of the system what gives to obtain greater financial rewards, this is a great incentive for the use of the currency.
2.- Kinesis Depositors, the depositor will get a return on his initial deposit in his Kinesis Wallet in KFN once it has been sent or spent, while the Kinesis coins go from one user to another in the whole KBN, the depositor will obtain a part of the transaction fees, all this while the currency that was originally sent or spent is in effect.
3.- Kinesis Holders, all the holders of Kinesis will obtain a performance through their passive participation in the Kinesis currency that is in their wallet, all this performance is through the speed of the currency and a part of the transaction fees in the KBN network.
This system is based mainly on the real economic activity, since in this way there is no interest or debt associated with this performance. Kinesis seeks to attract large sums of capital from all existing asset classes worldwide.
4.- Kinesis Recruiters, those in charge of recruit new users will get an income on all the transaction fees of all that participant who have managed to attract the Kinesis ecosystem.
This system offers a great help almost immediately for any average person, because they will obtain good profit rates with each referred participant.
Kinesis velocity token and initial token offering (ITO)
This token is useful to receive a part of the transaction fees of the Kinesis monetary system, the KVT is an ERC20 token which needs a wallet compatible with ERC20, that's why Kinesis has designed the Kinesis eWallet which counts With a very easy-to-use interface, this wallet was designed not only to be compatible with the KVT token but also to accommodate all Kinesis coins.
Kinesis use case
Case 1
David is a miner from a small country, where the gold and silver trade is not so big because it is a little known country. In your country the price of gold and silver bullion is low for the merchant on foot, because the great products and benefits are those large companies with businesses internationally.
David wants to avoid selling his bullion at a low price, he does not want to be scammed and help grow these big companies that crush the small merchants, but David does not know how to do it because in his country it is very difficult to market with these precious metals.
After arduous hours of searching, David found an article that talks about Kinesis and how he comes to reinvent the blockchain system as we know it and decides to work together with Kinesisoffering his precious metals knowing that they will be well protected and obtain great profits from their precious metals.
Case 2
Sophie is an investor in the world of cryptocurrencies and is fond of blockchain technology and how it offers a better decentralized and more secure system, but she is tired of the price volatility that can be found in cryptocurrencies, she is tired of investing in cryptocurrencies that soon lose value for what you lose your investment.
Sophie wants to invest in a new model, one free of price volatility and with good asset support that offers better incentives and better profits.
Here is where Kinesis comes in, Sophie found an article that talks about Kinesis, she after investigating more thoroughly about how Kinesis was functioning decided to be part of this ecosystem that has an asset backing in 1: 1 in gold and silver in physics which gives greater stability to prices and generates better income.
Since Sophie met Kinesis her capital has increased and she has been more than satisfied with the results offered thanks to the benefits and specifications that Kinesis offers.
Conclusion
This publication that I have presented has been in order to let you know this new money system that has been designed, as is Kinesis, which throughout the content we have been able to see the most important points about this ecosystem and how No doubt you will have a great success in the blockchain system.
And is that thanks to its support of assets 1: 1 gold and silver in physics will be responsible for reducing to the maximum possible volatility of prices that we can find today in the cryptocurrencies and also seek a greater movement of the coins of higher value avoided a hoarding which is the cause of problems.
Kinesis has everything necessary to revolutionize the system we know today and is that they have come with that purpose, since they have reinvented the market as we know it.
RoadMap
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