A lot of the means for commercial exchange of cryptocurrency are not suitable, mostly because despite the fact that partakers in the global economy are given a far-reaching possibility to be a part of those that inspires and empowers others, the present unpredictability of price in the payment structures on the block chain has become a limitation to the holders as there is every possibility that after buying a coin for a particular amount today, the amount could increase or decrease tomorrow.
The solution to this drawback is Kinesis, which is a full-circle monetary system with all the basic tenets for an accomplished and efficient monetary structure which is not only thorough, reliable and free of risk, but also motivates commercial exchange, and it is used to unite the different forms of money in the interest of everyone.
How can it change the way users interact with silver and gold?
As it is well known, silver and gold are metallic elements (coins) which have a relative stable price irrespective of the market value . Kinesis would definitely change the way users interact with silver and gold as it seeks to establish its own currency by making them the legal tender since they have a fixed value.
Source: google
What are the benefits of having a currency backed 1.1 by gold or silver?
- Stability : This is possible since silver and gold have a stable price unlike crypt I currencies.
- Permanency: Silver and gold are considered the most permanent store of value which can be used in different transactions.
- Less risky: The risks of users running at a loss after buying a coin due to hacking is prevented because of the stability of silver and gold.
How Kinesis open the bullion market to regular users
Kinesis has entered a partnership with public company, Allocated Bullion Exchange which not only has seven trading, pricing and vaulting centers in the world is also ranking first in electronic institutional exchange for location in the world and has been in existence since the early 2010s.
There are some obstacles users have in getting access to the market, but Kinesis is able to open the bullion market to regular users without limiting them to local clients by crushing the obstacles to entry into the market and interconnecting the trading avenues which allows traders to operate in such a way that they can be allowed to arbitrage the differential in a straight forward manner.
Why Kinesis inherently has less volatility
As said above, one the limitations of cryptocurrency is that it is unpredictable, as it's value can increase or decrease at any time, thus, making it very unpredictable. As a result of this instability, they have been made nonpracticable for people to adopt and also as an accepted medium of exchange and for other transactions.
Kenesis inherently has less volatility since its structure of Kinesis supports stability.
How the know-how from ABX would translate into a successful execution for Kinesis
Since ABX has been able to achieve a great accomplishment ever since it was established, making Kinesis have a business relationship with them, it would be right to say that the success of ABX would indeed turn into a successful execution for Kinesis.
The advantages of using Kinesis over OTC alternatives
OTC which in full means over the counter is a method by which transactions are being carried out manually without using any electrical means which could be expensive to manage since the parties involved would need to meet before any transaction can be carried out. An advantage of Kinesis in this context is that it would be cheaper and safer since there won’t be physical interaction of the parties involved and it is also secure.
Some good use cases
As a businessman who deals with cryptoccurency exchange, Mr King keeps hoping that the value would keep being on track because if it comes down, he won’t be able to work.
When he learnt about the stability Kinesis offers, his mind is at rest as nothing can shake his business again.While transaction with bullion, Cassandra has encountered a lot of losses as her assets keeps getting stolen, and already broke, she is tired and is about to give up on cryptocurrency.
Just as she is about to give up, she reads about Kinesis and discovers that through it, she can make transactions in peace without the fear of her assets being liable to get stolen. This inspires her and gives her the hope to continue.
This is my entry to @originalworks contest
Kinesis2018