Interesting new ICO: Kinesis Monetary System

in bitcoin •  2 months ago

With the evolution of blockchain and cryptocurrencies, participants in the global economy are presented with a great opportunity: a chance to apply innovative creativity to money and to be part of an empowering people centric revolution.
Yet, despite this opportunity, current cryptocurrencies have suffered from severe price volatility, limiting their holder’s desire to be used as mediums for commercial exchange.

Similarly, current fiat currencies are also a poor store of value. Central Banks print and devalue money, creating price inflation whenever they deem appropriate to keep banks lending and people spending without taking inflation into account. Furthermore, bank deposits globally are almost universally losing
money in real terms by paying interest below the rate of inflation. The printing of US dollars to stimulate economic
activity is having a poor economic effect. The US government along with other major governments and monetary systems around the world are funding themselves through debt. History shows that currency crashes, inflation or even hyperinflation typically follow these actions. The Kinesis Monetary System is specifically designed to overcome these deficiencies through the development of a universally adopted, decentralized, asset-backed monetary system.

Given this information it is clear that having a central authority, whether it be banks or
government, at the center of a monetary system is problematic. This is where cryptocurrencies backed by precious metals become interesting because they provide the best of both worlds. The stability of the currency provided by the precious metals and the decentralization that is the centre of cryptocurrencies makes this concept awesome.
Kinesis introduces yield-bearing digital currencies based 1:1 on allocated physical gold (KAU currency) and silver (KAG currency). The Kinesis currencies offer a unique yield system to encourage adoption and stimulate use. When KAU and KAG are transferred between holders the network collects a 0.45% fee that is then accumulated and distributed monthly, in varying proportions, to participants in the Kinesis Monetary System as a ‘yield’. Making it also profitable for users and holders of the currency to participate. In my opinion, this could possibly be the answer to the current drawbacks in our monetary system. I will definitely be watching this ICO!

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Good article ! subscribed to you and I hope for a mutual subscription

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Thanks for the support! Got a follow back ;)