Kinesis a disruptive economic system; Backed with gold sustained in Blockchain
Abstract
The economic system is changing constantly for better, as does the blockchain and cryptocurrencies… Making more effective and easy to operate using technology, nevertheless, there are some aspects that limit the scope of users, as the management of actives in physical resources and digital actives, presenting an unbalance between them and conflicts to conserve they value.
The Kinesis monetary system was created to solve this aspects through the development of a universally adopted, decentralized, asset-backed monetary system. A monetary system that is efficient, secure, fair and incentivizes their users for commercial exchanges and engagement of the system.
Vision
The vision for Kinesis is to disrupt the actual monetary system, and set a new step for it in the world as we know it. A system that through participation, enhances money as both a store of value and as a medium of exchange, for benefit of all.
Much the same as our sun unconditionally delivers an indiscriminate share of energy to planet Earth that stimulates life, we see Kinesis as a comparative energy system to stimulate the movement of money, assets, commerce, and economic activity in a fair, honest, and rewarding process.
Mission
Is to create a monetary system reliable, efficient, fair and backed with gold and silver to make your money stable and hold their value over time.
Project description
1.1 Components
¿How is that possible?
They have these main elements to accomplish their mission:
The gold called as token coin (KAU), and silver (KAG) are backed for Kinesis tokens, and the owners of the tokens are the owners of the bullion. Conserving their value from money to gold/silver, backed 1:1 attached to the owner.
The yield in the Kinesis system is created through spending as opposed to credit (borrowing) in the legacy system
To reinforce their storage of actives physically and digitally, counts with a hallmark of gold and silver, also making the two assets liquid through digital means, improving their use as a medium of exchange.
1.2 Strategic partner
¿How they manage the gold/silver?
The kinesis monetary system has a strategic partner to dedicate in that specific case, it’s the Allocation of Bullion Exchange (ABX) https://abx.com/ which is the world's leading electronic exchange company for precious metals and has been operating since 2013. They have seven trades, prices and leapfrog over hubs around the world and recently partnered with Deutsche Borse Group European Commodity Clearing (ECC) entity for clearing and broad service in https://abx.com/2017/11/15/ecc-abx/
1.3 Stages of Kinesis monetary system
This development its described in two stages in their whitepaper:
The Initial Token Offering (ITO) of the Kinesis Velocity Token (KVT); an ERC20 compatible utility token. The KVT ITO is currently in presale, with a public sale launch set to commence on 10 September, 2018 and end on 11 November, 2018.
The Initial Coin Offering (ICO) of the first Kinesis Currency Suite of products; each backed 1:1 by direct, allocated precious metals. The first Kinesis cryptocurrencies: KAU (gold-backed coin) and KAG (silver-backed coin) are based on the bespoke Kinesis Blockchain Network (a fork of the Stellar Network). The Kinesis Currencies ICO are slated to commence on 12 November 2018.
2. Specification of functionality:
2.1 Kinesis digital currency; Problem statement
2.2 Yield according to participation
Attaches a yield to physical gold and silver for varying degrees of participation, according to their whitepaper describes:
Minter Yield: Minters receive a proportional 5% share of the transaction fees on the Kinesis coins they created and then used. Minting is the process of converting fiat currency or physical bullion holdings into KAU and KAG coins; this is done in the Kinesis Primary Market.
Depositors Yield: Kinesis depositors will receive a 5% share of transaction fees on their initial deposit and then use of Kinesis coins from their Kinesis Wallet.
Holder Yield: Kinesis holders receive a 15% share of the transaction fees generated while holding the currencies, calculated on a daily basis and credited to their e-Wallets monthly.
Recruiter Yield: The recruiter yield rewards people or corporations who recruit and refer new users to Kinesis.
2.3 Kinesis monetary system featured components
Is a full-circle monetary system where functions make up different business units within the group, has all elements and functions required for a successful and effective monetary system, part of that system are:
2.3.1 Kinesis currency exchange (KCX)
It functions as the wholesale market where the currency is originated and printed.
2.3.2 Kinesis blockchain network (KBN)
It’s the blockchain where the cryptocurrency is built are manage.
2.3.3 Kinesis blockchain exchange (KBE)
It’s a blockchain where Kinesis can be traded with other digital currencies.
2.3.4 Kinesis Financial Network (KFN)
Allows to manage currencies in Kinesis for a mobile banking system, functions such as, payments, money movements and remittances, also, is sustained for card facilities as Mastercard and Visa debit cards, providing the ability to use Kinesis currency across the world.
2.3.5 Kinesis commercial center (KCC)
Performs as an online aggregator platform of goods and services providers, allowing the Kinesis currency suite as payment for their users.
3. Kinesis road map & launch timeline
Their road map is the next one considering each stage for a clear goal:
4. Kinesis velocity token (KVT) & Initial token offering (ITO)
According to their schedule is the next:
4.1 Token specifications:
5. The team behind Kinesis monetary system
To accomplish their mission, they count with specialist in every specific area, some of them recognized worldwide for their contributions, are divided in 4 teams, which are:
The executive team
The operations team
The development team
The advisory team
6. Conclusion
The Kinesis monetary system it’s a project constructed through several investigations, specialist and supported for different institutions to make them possibly…And this means that the economic system as we know it is going to change with help of blockchain, cryptocurrency and reserves of gold and silver to sustain their value over time.
We are talking to improve for real, taking the best of this mediums to solve and own our money without scare to be devaluated, limitations to manage, and being recompensed for our commitment, either as buyer, seller, minter or holder.
It’s a solution for money and incentivizes to persons and institutions in the process, giving them a complete ownership of their money and the possibility to exchange for gold or silver in case they want.
This is the Kinesis monetary system and soon it’s going to be within everyone's reach. You can be part of this journey in this new economic wave.
More Information About Kinesis, Click link bellows :
- Kinesis.Money Website
- Kinesis.Money WhitePaper
- Kinesis.Money OnePager
- Kinesis.Money YouTube
- Kinesis.Money Telegram
- Kinesis.Money Linkedin
- Kinesis.Money Github
- Kinesis.Money Steemit
- Kinesis.Money Bitcointalk
- Kinesis.Money Medium
- Kinesis.Money Twitter
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