KINESIS: Stability For Cryptocurrency Volatility

Overview

All Crypto fanatics are familiar with the high volatility associated with crypto-coin which makes price to fluctuate at very high range, thus making stability impossible and commerce impractical. KINESIShas come to put an end to price fluctuation, bringing stability to crypto-space and encouraging commerce and mass adaptation.
The KINESISsystem will influence people to participate in the crypto market, giving incentives for spending of the KINESIScurrency. Individuals enhance their money as both a stored value and a medium of exchange which is beneficial to everyone. KINESISwill make individuals willingly trade in their crypto currency, which they value more than the conventional fiat currency. When people buy tokens in the KINESISsystem, each unit of the KINESIScurrency is valued on a 1:1 ratio of gold or silver which is then keyed into a yield system that promotes trading as well as creating a platform for dispatching the wealth generated by members of its trading economy.

Introduction

KINESISis a Blockchain application that will reinvent the world money system by bringing the back the concept of gold standard (currency being backed by real value instead of debt). KINESISembraces and rewards the use of its own currency, stimulating the movement of capital, acting as a system that encourages commerce and economic activity. Its core mechanics is to incentivize the velocity of money, therefore encouraging spending.

KINESISprimary elements are:

a. Yield: Users are financially rewarded based on their participation and the overall velocity at which money changes hands in the crypto market. This element is derived purely from economic output (spending) rather than debt (borrowing) that comes with fiat currency in fractional banking. It is more like you get paid interest for using the currency within the KINESISsystem, (More emphasis on this later)

b. Gold and silver: KINESIShas primary currencies backed 1:1 with allocated physical gold and silver. Gold and silver was selected due to their great definable stores of value for use in the commercial and private transactions. In this case KAU (which is the gold currency of KINESISis equal to 1 fine gram of gold cast bars of minimum fineness of 995 and identifying stamp of a refiner as per ABX quality assurance framework’s table of approved refiner list, which I would later talk about in this article) and KAG (which is the silver currency of KINESISis equal to 10 grams of silver contract and token, consisting of silver cast bars of a minimum fineness of 999, and bearing a serial number and identifying stamp of a refiner as per ABX quality assurance framework’s table of approved refiner list.)

c. Block chain and Crypto currency technology: It would attract capital for the Block chain and crypto currency market by offering an enhanced asset-backed currency and multifaceted yield system. It would achieve this through liquidating the assets (gold and silver) into digital form, making it a medium of exchange.

KINESIScould likewise be utilized to execute any benefit that can be standardized, exchanged and put away as an incentive by joining a respect money or resource tokens, hazard/return proportions can be anticipated and for all intents and purposes all cash and speculation resource market can be focused on and invaded. KINESISfundamental point is to construct capital from business sectors that are as of now experiencing next to zero nearly low yields. These business sectors include Crypto currency markets, Gold and silver markets, Fiat currency markets and investment asset markets
If the first primary element of KINESISis gold and silver, how would individuals feel comfortable to trade, without fear of being cheated or robbed?

You would agree with me that in the old times, people have been victims of multiple cases of fraud when it comes to the use of precious metals and other assets as payment solutions. This has led to the overcautious approach of investors to avoid losing out in the end. This issue is also seen in asset backed crypto-currency markets, with KINESIShowever, there is safety of your assets because KINESISas a group are in partnership with Allocated Bullion Exchange (ABX).
ABX is a world-leading and trusted institutional exchange for allocated precious metal. Since operation is 2013, they have seven trading, pricing and vaulting hubs across the globe and are recently in partnership with Deutsche Borse Group entity and European Commodity Clearing (ECC) for clearing and settlement services. The physical handling, clearing, storage and delivery process are being integrated into DBS regulated commodity clearing house and the ECC which must also maintain approval and acceptance from German financial regulator.
All bullion in the KINESISmarket has a verified audit trail with the above listed companies which work with a multilayered third-party audit and verification process which projects a transparent holding system. These way individuals who deal in the gold and silver elements are rest assured that their assets come from a table of approved refiner list.

KINESISFEATURES

KINESISCURRENCY SUITE

They include:
Gold currency (KAU) AND Silver Currency (KAG)

KINESISWHOLESALE SEGREGATED CURRENCY SPECIFICATIONS

Gold Wholesale Currency (KWG): one fine kg gold contract and tokens consisting of gold cast bars and fineness of 9999 and bearing a serial number and identifying stamp of a refiner by ABX Quality Assurance Framework, table of Approved Refiner List.
Silver Wholesale Contract: 1000 troy ounces of silver contract and token, consisting of silver cast bars of minimum fineness of 999, and identifying stamp of a refiner as per ABX Quality Assurance Framework, table of Approved Refiner List.
KINESISCURRENCY EXCHANGES (KCE): A wholesale market where the currency is created and minted with the help of ABX.
KINESISBLOCK CHAIN NETWORK (KBN): The Block chain on which the suite of KINESISTokens is built
KINESISBLOCK CHAIN EXCHANGE (KBE): A Block chain digital currency exchange where the tokens representing physical assets can be traded.
KINESISFINANCIAL NETWORK (KFN): A mobile banking system where the currencies can be used for savings, payments, remittances, and money movement; also includes Master card and Visa debit access
KINESISCOMMERCIAL CENTRE (KCC): An online aggregator platform of goods and service providers which accept KINESIStokens (KAG and KAU) as a means of payment.

Some Benefits of KINESIS

A. It would address fiat currency issues: Fiat currencies are a poor source of value because they lose value as inflation increases. This phenomenon happens because the Central Banks of countries print and devalue money, which would keep commercial banks’ lending continuously to customers, and customers will continually spend to maintain economic growth only in nominal terms. KINESISwould solve this issue through creating a decentralized system, where by the power to devalue and create money will not rest on one platform.

B. It would address the issue of asset-backed currency: When people in the crypto currency market do not wish to use their currency for everyday transactions. It defeats the Gresham’s law that states that bad money drives out good by highly incentivizing people to utilize a valuable currency through a multifaceted reward system based on participation. The KINESISmonetary system would also give yield to gold and silver by attaching multiple returns on them whether an individual decides to actively or passively participate in trade. These metals also have long term security because of the ABX partnership as I earlier mentioned.

C. It would also address bullion market problems: KINESISwould take away the tight-knit way of trade within markets which makes them disconnected from one another. It would create an effective interface that will aggregate global physical utility. There would be no more barriers of entry for bullion traders and manufacturers such that it eliminates the series of intermediaries that slow down their entry into the market. It would take away the Over-the-Counter feature in physical markets, which could either be dealt with via phone, email or in person. The OTC is costly and involves manually booking a trade, placing an order or hedging a trade. This feature is outdated and does not suit the global trading system. With KINESIS, via its integration with ABX, and its operationally segregated wholesale contracts, will offer serial numbers and bar hallmark which will provide an ideal solution for bi-lateral wholesale trading through block chain. It would be made possible with ABX, ECC, DBS and the German Financial Regulator.

D. It would address Crypt currency market problems: The problem of volatility in terms of unstable crypt currencies which makes it unsuitable for real-time commerce. Money was not created to sit at a place and do nothing, so if it must move, it must be widely adopted and accepted, which is not always the case for crypto currencies. KINESISwould pave the way in making sure that coins in the crypto economy get spent and widely accepted.

VELOCITY-BASED YIELD SYSTEM

"Investors are offered a onetime opportunity to take a share of the KINESISMonetary Systems and the KVT revenue pool for life. (KVT) is a utility token, not an asset-based currency. KVT is currently in pre-sale in the ITO that is running until September the 10th. and it will head into Public Sale until November 11th, 2018"KINESIS
"The token that rewards participants, proportionately to the growth of KINESISMonetary System. To perpetuate growth of the KINESISMonetary System, KINESIShave released the KINESISVelocity Token (KVT). KVT’s are limited to 300,000 only and holders of the KVT tokens will receive a 20% proportional share of the transaction fees from the KINESISMonetary System. This will create an additional layer of income for token holders on top of the value of the token itself." KINESIS
“KINESISusers are financially rewarded based on their participation and the overall velocity (rate that the money changes hands) of the KINESIScurrency).” This creates an interest-based return from economic output as opposed to debt-financing. Debt-financing creates a system that continually devalues the currency it is using by inflating the prices of the goods those currencies purchase. As a benchmark to stabilize the price of the KVT, the KINESISteam has followed the example of Tether (a token backed the US dollar, which has the highest consistent velocity in the crypto currency market). KINESISoffers all the advantages of Tether, but without the counter party risk of the fractional reserve banking system as all of the KINESIStransactions (and therefore the yield on KVT) is done through bullion exchange networks.

YIELD SYSTEM PARTICIPANTS

MINTER YIELD: This system rewards users who create (mint) the currency in primary markets (by submitting gold/ silver for tokens) and spending it in secondary markets. Minters receive a proportional share of the transaction fees as a yield forever on the KINESIScoins they create. The more coins created, transacted, or the higher the velocity, the higher the yield
HOLDER YIELD: Provides a yield on passive participation in KINESIScurrency while holding the currency. Designed to compete with bank deposits, stock dividend yields, and rental property yields
AFFILIATE YIELD: Rewards users who refer new users.
DEPOSITORS YIELD: Applicable on user’s initial deposit directly into their KINESISWallet Incentivizes large initial deposits and further use of the currency. Depositors receive a share of the transaction fees as a yield forever on the KINESIScoins they bought and used. Higher velocity equals higher yield.

Conclusion

KINESISis set to change not only cryptocurrency but also fiat currency, bringing back historical concept which is baing currency on value instead of debt and illusion.

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Reference

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