Kinesis: Improving the storage value of Gold and Silver limitations

officialgbade (35)in #contest • 6 years ago (edited)

Abstract

Gold and Silver as widely known are precious metals used for making jewellery, decorative objects and making coins. However, these attractive metals are used in some countries as an illustrious way whereby transactions and exchanges are being carried out.

Introduction

Kinesis was designed to overcome the volatility limitations of cryptocurrencies as a reserve currency. What this implies is at Money Metals Exchange decides to use a $100 gold/silver investment from 1971 and convert the value into its worth today. When this metals are used exclusively as money, the exchange value of contemporary market would definitely increase. Silver and Gold options abound, whether you are interested in coins, bars, bullion or jewellery in retrospect but this has been long obsolete as banks and other legit institutions holds legal titles of their clients as they use this assets to accumulate income for themselves.

What is Kinesis?

Kinesis is a decentralized platform that creates an implemented project for clients around the world to invest using Gold and Silver in lieu of documented paper currencies. Kinesis also set up a yield system whereby participation of Kinesis protocol can be less chancy than their legacies from opposition.

Benefits of using Kinesis over OTC alternatives?

Over the counter (OTC) alternative for bullion exchange market are being controlled by government entities so therefore, they have the habit of printing money and creating deficits. However with Kinesis, there is an improve storage of value limitations as cryptocurrencies tends to have less volatility. Kinesis was ingeniously designed to eliminate the philosophy of centralized banking. It provides entry points for small scale ventures to harness and declare their physical assets for exchange opportunities as they no longer have to store gold, silver or any precious metal but rather invest a yield system that offers a credit/borrowing system.

Kinesis Initial Token Offering

Kinesis supports the ERC20 compatible utility token. This implies that users are financially rewarded for their participation and overall velocity.

Partnership

The initiative of this concept might seem inchoate but Kinesis has a strong partnership with allocation bullion exchange (ABX) which shows the prospect of this implementation in nearest future would definitely come to fruition.