Kinesis - A revolutionary Monetary system!

praditya (62)in #contest • 6 years ago (edited)

In this revolutionizing world we are always seeking for more ease and security at work, Earning money for living and luxury was and is always important, our status depends upon the amount of our earning. Learning more and more about crypto market bought me to this steemit platform, which urges me to know and learn more and more about it and technologies related blockchain.

Introduction to the plaguing issues
As there are many problems which are faced now a days which are related to cryptocurrency market, fiat currency market, Asset backed currency, bullion market problems.which could described in a bit detail as-
1. Volatility in crypto market is a problem as the price uncertainty of the world’s largest coins, they are not viable reserve currencies that can facilitate global commerce.
2. Being a poor store of value fiat currency in itself holds a problem.
3. As Gresham’s Law of Money – “bad money drives out good,” which is indeed an issue plaguing the currency. Moreover, excessive money to hold security for metals and assets as no yield is attached to them. As multiple cases of fraud involving the use of precious metals and other assets as a payment solution.
4. Systems are completely manual, problematic, inefficient and costly. Phone dealing desks are costly and involve manually booking a trade, placing a physical order with a supplier, and hedging the trade. Which are a great bullion market problem.
5. Siloed and Inefficient Market with Limited Resources and Barriers to Entry stand out as a problematic thing for bullion market.

Bringing up kinesis!
To the solution to all the above mention problems, presenting kinesis, The word itself means movement as it works as a globally accessible, usable and reliable digital currency forming the basis of a new Monetary System.

Basically, A monetary system is the set of institutions by which a government provides money in a country's economy. Kinesis works for the benefit of all as it is a system that through participation, enhances money as both a store of value and as a medium of exchange.
Kinesis monetary system
It basically a unique multifaceted yield system that promotes exchange and fairly shares the wealth generated by the Kinesis Monetary System according to participation and capital velocity.
Talking about the primary elements of kinesis comes,
a. Gold and silver
b. Yield
c. Blockchain and cryptocurrency technology.

Following mentioned functions makes up different business units within the group!

Kinesis Currency Exchange (KCX)- It basically works as a market where the currency is created with deep liquidity and connectivity to global wholesale trading organisation via ABX.
Kinesis Blockchain Network (KBN)- Here kinesis cryptocurrencies is build where currencies can be sent, spent, saved, or traded through the blockchain.
Kinesis Blockchain Exchange (KBE)- through this Kinesis and other digital currencies can be traded with liqidity.
Kinesis Financial Network (KFN)- Working as a banking system Kinesis currencies can be used for savings or payments, remittances, and money movement.
Kinesis Commercial Centre (KCC)- working as online aggregator platform Kinesis currency suite could be seamlessly utilized as payment for participating merchants.

Kinesis currency suit and velocity-based yield system
An amazing block chain network is developed by the kinesis team for the currency suit. It is basically fully allocated asset-based digital currency suite will have certain products incorporated like Reserve & Payment Currencies, Physical Gold & Silver, Segregated Physical Gold & Silver bars, Physical banknotes: EUR, JPY, GBP & CHF and Digital Currencies: TBA.

In velocity-based yield system incentivizing the use and velocity of the currency suite makes kinesis a revolutionary blockchain platform. By rewarding users from the economic output sorts out many problems(as I have mentioned initially) also dragging interest of the users.
Including Minter Yield, Holder Yield, Affiliate Yield, Depositors Yield
Here is a chart mentioning the percentage of several sorts of incentives.

Working of Kinesis!
First of we need to deposit our fiat currency into kinesis currency exchange, which is reliable Then the kinesis sets to work as blocks are minted into KAU/KUG and then emitted into e- wallets. In order to ensure 100% allocation all the time, the backing metal is purchased at ABX vaults. After all such process now, the minted kinesis currency will be stored and visible on blockchain. Talking about physical bullion makes a concern about their storage and security, which is again sorted by kinesis as they are physically securely stored at 7 existing vaults in London, new York, Dubai, Hong Kong, Singapore, Zurich.
With much of security and verification. Everything remains safe and useful.

What makes Kinesis unique?
The following image will clearly depict about the uniqueness of Kinesis.

The economy and Token system!
Until now, all must have understood deeply about the working system and the alluring functions provided by kinesis which surely makes it a viable choice. Moreover, learning about it’s economy and token system will add up to its value for sure.
‘Kinesis Minters will receive a yield on their participation by simply purchasing Kinesis currency in the KCX wholesale market and then sending, spending, or selling them in the Kinesis Blockchain Network (KBN). Once the currency is purchased in KCX it is automatically emitted and appears in the Minters Kinesis Wallet in KBN. The Minters Yield will become receivable once the coins are then sent, spent, or sold (from the offer side) via their Kinesis Wallet.’
This working system is effective as they also provide perpetual recurring revenue, which may be helpful for companies as they can pay their employees using kinesis with effective revenue system.

A game changing digital monetary system, making precious metals available in everyday transactions Kinesis debit card will make spending precious metal-based currency with ease. Buyers of the wholesale blocks of Kinesis currencies, known as minters, enjoy a lifetime yield for their contribution. For example, 1g gold to 1 KAU and 10g Silver to 1 KAG.
The Kinesis Velocity Token is a utility token that receives a portion of the transaction fees from the Kinesis Monetary System components. The KVT is an ERC20 token, requiring an ERC20 compatible wallet. The Kinesis Velocity Token (KVT) Initial Token Offering (ITO) offers an investor a onetime only opportunity to:
1. LIMITED SUPPLY
2. LIFETIME REWARDS
3. TRANSACTION FEE POOL
4. ADDED BENEFITS

Use Case
Jenifer is an adviser in a reputed company who is always keen in knowing more and more about crypto market and investments related to it, In hue of wanting company's and employee's welfare, she came up with kinesis, and explained it to the director.
Being exceptionally impressed by the revenue system, token, kinesis currency's idea he accepted Jenifer's proposal and linked all the employees's salary through kinesis and used it more for the company's investment.
Eager about this new revolutionizing monetary system, Jenifer decided to invest in bullion, knowing that it is protected by the inherent security the blockchain provides. She will also be able use or hold her bullion in any way she wants depending on what kind of yield strategy.

Roadmap