Kinesis [KAU] [KAG] | Bringing Tangible Assets to the Digital World

brandonk (65)in #blockchain • 6 years ago (edited)

The Kinesis Vision:

In one of the most innovative platforms I've come across, Kinesis basically converts real life assets into digital commodoties and vice versa. With real Gold and Silver staked away, every Kinesis member will have their own access to this pool of 'real world' liquiditiy with the touch of an app. Eventually, I'd imagine growth beyong Gold, Silver, and Cryptocurrency [coins and tokens] eventually landing assets utilized in most every part of daily life.

Why Gold and Silver as Assets?

According to the Kinesis WhitePaper, "Kinesis’ primary currencies are backed 1:1 with allocated physical gold & silver, the greatest stable and definable stores of value for use in commercial and private transactions and investment."

This is completely reasonable as valuable metals are absolutely the most stable sources of value on Earth practically, and basing an ecosystem off proven 'real world' value means a lot in the early phases of this platform.

The First Motions and the 'ABX' (Allocated Bullion Exchange) Affiliation:

In what seems to be a very forward step for Kinesis, they will open the platform with the utilization of the abx exchange which is a trusted platform used for the exchange of precious metals. The 'KAU' tokens represent the allocated Gold assets a user has (in tokenized form), and the 'KAG' represents Silver. These tokens not only power the ecosystem, but they will represent the new age of how gold and silver are represented on the blockchain. The clever names on the tokens can only help its user base remember their trademark (as AG is Silver on the Periodic Table, and AU is Gold).

Benefits of the 'ABX' Exchange and Their Backing:

images (1).jpg

The first benefit is security. In regards to the WhitePaper, it is noted that "Kinesis utilizes the multi-layered third-party audit and verification system of ABX’s Quality Assurance Framework. ABX is a global wholesale spot bullion exchange which has been operating without blemish since 2013 and has large physical broker/dealers and traders around the world entrusting its systems. Furthermore, large partnerships are in place with the likes of Deutsche Borse Group, one of the largest exchange groups in the world."

Multi layered security along with having the backing of a reliable exchange in business for over half a decade can only result to positive findings and a successful Initital Coin Offering.

My Own Take on the Platform [in Conclusion, and in Video Form]: