Cryptocurrencies: 2613 / Markets: 20892 Market Cap: 24h Vol:

Description

Description


VISION

The vision for Kinesis is to deliver an evolutionary step beyond any monetary and banking system available today. Kinesis has digitalised gold and silver to enable everyday business and personal transactions, provide liquidity on bullion holdings and allow participants to earn a passive yield on their everyday money.

MARKET

Kinesis has the advantage of experience in the precious metals market, as well as having significant technology development already completed. It also comes after 2018 saw gold outperform many global equity markets and currencies, attracting renewed interest in the precious metal.

With the next wave of evolution in cryptocurrency markets widely heralded to be focused on stablecoins, Kinesis is uniquely positioned to be at the forefront of this movement.

MONETARY SYSTEM

Kinesis introduces yield-bearing digital currencies based 1:1 on allocated physical gold (KAU currency) and silver (KAG currency). Both currencies offer a unique yield system to encourage adoption and stimulate use. When transferred between holders a 0.45% fee is collected which accumulates and is distributed monthly, in varying proportions, to participants as a ‘yield’ (i.e. 20% to KVT holders).

The Kinesis Monetary System is set to feature an easy-to-use interface, allowing users to utilise and transact as simply as any other banking provider.

KINESIS TECH

Currently operational, the Kinesis Mint is where allocated bullion is purchased and digitally emitted to the Kinesis blockchain:

  • Create new Kinesis currencies
    Mint KAU (1 KAU = 1 gram gold) and KAG (1 KAG = 1 ounce silver) into existence; digital gold and silver;
  • Store, send and receive Kinesis currencies
    Transact globally between Kinesis eWallets instantly, with low fees;
  • Zero storage fees on allocated gold and silver bullion
    Stored, insured and audited in leading third-party vaults;
  • Yield exposure
    Kinesis Minters will receive ongoing minter yields for creating and using Kinesis currencies. Limited 3x multiplier on minted currencies until June 30th.

KVT ownership is required in order to transact on the KCX during the Initial Minting Offer period.

TEAM

Kinesis was founded by the Allocated Bullion Exchange (ABX); an exchange that already has extensive infrastructure and fully operational technology for the trade and storage of physical bullion in 7 locations around the world.

OFFER

Kinesis Velocity Token

65,000+ KVTs have been sold. KVTs are currently for sale to the public at USD1,000/KVT. The Kinesis Velocity Token (KVT), which is not a gold or silver-based currency, gives holders an opportunity to take a share in 20% of the fees generated from the Kinesis gold and silver-based currencies.

Creating a passive income to participants, the KVT is an opportunity to reward early adopters and supporters proportionately and in perpetuity. For more information please visit the KVT Explained web page.

Full Name Kinesis Velocity Token (KVT)
Start Date N/A
Algorithm ETH Token
Proof Type N/A
Website https://www.kinesis.money/
Twitter @kinesismoney
Facebook https://www.facebook.com/kinesismoney/
Reddit https://www.reddit.com/r/Kinesis_money/
Block Number 5790656
Block Time N/A
Block Reward 3
Previous Total Coins Mined N/A
Net Hashes Per Second 258,069,373,478,045.69 H/s
ICO Details

ICO Details


VISION

The vision for Kinesis is to deliver an evolutionary step beyond any monetary and banking system available today. Kinesis has digitalised gold and silver to enable everyday business and personal transactions, provide liquidity on bullion holdings and allow participants to earn a passive yield on their everyday money.

MARKET

Kinesis has the advantage of experience in the precious metals market, as well as having significant technology development already completed. It also comes after 2018 saw gold outperform many global equity markets and currencies, attracting renewed interest in the precious metal.

With the next wave of evolution in cryptocurrency markets widely heralded to be focused on stablecoins, Kinesis is uniquely positioned to be at the forefront of this movement.

MONETARY SYSTEM

Kinesis introduces yield-bearing digital currencies based 1:1 on allocated physical gold (KAU currency) and silver (KAG currency). Both currencies offer a unique yield system to encourage adoption and stimulate use. When transferred between holders a 0.45% fee is collected which accumulates and is distributed monthly, in varying proportions, to participants as a ‘yield’ (i.e. 20% to KVT holders).

The Kinesis Monetary System is set to feature an easy-to-use interface, allowing users to utilise and transact as simply as any other banking provider.

KINESIS TECH

Currently operational, the Kinesis Mint is where allocated bullion is purchased and digitally emitted to the Kinesis blockchain:

  • Create new Kinesis currencies
    Mint KAU (1 KAU = 1 gram gold) and KAG (1 KAG = 1 ounce silver) into existence; digital gold and silver;
  • Store, send and receive Kinesis currencies
    Transact globally between Kinesis eWallets instantly, with low fees;
  • Zero storage fees on allocated gold and silver bullion
    Stored, insured and audited in leading third-party vaults;
  • Yield exposure
    Kinesis Minters will receive ongoing minter yields for creating and using Kinesis currencies. Limited 3x multiplier on minted currencies until June 30th.

KVT ownership is required in order to transact on the KCX during the Initial Minting Offer period.

TEAM

Kinesis was founded by the Allocated Bullion Exchange (ABX); an exchange that already has extensive infrastructure and fully operational technology for the trade and storage of physical bullion in 7 locations around the world.

OFFER

Kinesis Velocity Token

65,000+ KVTs have been sold. KVTs are currently for sale to the public at USD1,000/KVT. The Kinesis Velocity Token (KVT), which is not a gold or silver-based currency, gives holders an opportunity to take a share in 20% of the fees generated from the Kinesis gold and silver-based currencies.

Creating a passive income to participants, the KVT is an opportunity to reward early adopters and supporters proportionately and in perpetuity. For more information please visit the KVT Explained web page.

Team:

  • THOMAS COUGHLIN: Chief Executive Office 
  • MICHAEL COUGHLIN: Chief Financial Officer 
  • DAVID CHARLES: Non-Executive director 
  • DAVID UNDERWOOD: Non-Executive Director
  • ROSALYN CHARLTON: Chief Technology Officer 
  • ERIC MAINE: Chief Strategy Officer
  • JAI BIFULCO: Chief Marketing Officer. 
  • RYAN CASE: Chief Commercial Officer. 

The Kinesis ICO began on September 9, 2018, and will last until June 30, 2019. The ICO token allocation represents 70% of the total supply and will be available for a $1000 base price. The ICO funding target and cap is set at $300,000,000 USD

Token Reserve Split (30%):

  • 5% Advisors
  • 9% Founders & Management
  • 3% Bounty Campaign
  • 10% Reserve
  • 3% ICO Marketing

The KVT ICO features a bonus campaign.

Bonus Structure:

  • 2.5% ends 9th Sept 2018
ICO Status Ongoing
Token Supply 300000
Start Date 2018-09-09
End Date 2019-06-30
Fund Raised (BTC) 65,712 KVT tokens sold.
Fund Raised (USD) N/A
Start Price (USD) 1000
Security Audit Company N/A
ICO Legal Form LLC
ICO Jurisdiction Cayman Islands
Legal Advisers Serica Legal & Advisory
Blog https://medium.com/@kinesis
White Paper https://www.kinesis.money/documents/whitepaper.pdf
Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer