About kinesis and how it will change the way users interact with gold and silver!

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In the olden days, various forms of money existed ranging from precious stones to precious metals like gold, silver, bronze,before the existence of paper money, with each one possessing its own definite value, but the most stable and conventional means of payment then and till now are both gold & silver as their physical nature and value outweighed others. Over the course of a decade, cryptocurrencies have become a major store of value but not mostly used as a medium of exchange or settlement of debt. Crypto value appreciates and depreciates with respect to market value, I.e if I buy a coon worth $10 today, there's every possibility it rises to $15 or decreases to $5. Looking at the volatility, kinesis aims to change this never ending flip by establishing a system through participation,enhances money as both a store of value and as a medium of exchange.
With the project backed by gold & silver, kinesis can then integrate their plans as it is know that both gold& silver have stable value and are not volatile making them the perfect legal tender.

kinesis monetary system.

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kinesis wants to establish its own currency to be used for transactional purposes and rewards the use of it.
The primary elements of kinesis are;

Gold&Silver;
Gold(KAU) & Silver (KAG) are the two stalemate for the kinesis' currency to be used d for commercial and private transactions and investment.

Yield;
This is the return generate from economic activity (spending ) other than encouraging credit oriented(debt-based interest).

Blockchain & Cryptocurrency Technology;
This is the secure platform on which kinesis will run because if the security and its decentralization.

How does kinesis.Money open the bullion market to regular users?

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For kinesis to work efficiently, capital will be needed and these will be generated from markets that have low turnover rate. These markets include ;
• Cryptocurrency Markets
• Gold& Silver markets
•Fiat currency Markets
• Investment asset Markets

Looking at the way the system is built and what is backing it, the kinesis system can be said to be ;

• less risky
•It monetary system allocates title directly to the ultimate beneficial owner
• maximizes returns
•stimulates velocity
•maximizing the rate of adoption.

Allocated Bullion Exchange
kinesis and the kinesis monetary system has entered Into a partnership with"ABX (www.abx.com), the world leading electronic institutional exchange for allocated, physical precious metals which has been in operation since 2003",in which they themselves are into a partnership with Deutsche Norse Group will enhance the opening of the bullion market to regular users.

THE INITIAL TOKEN OFFERING

the kinesis velocity token (KVT) belongs to the ERC20token family. The KVT is currently is presale and sale starts by September 10,2018 and end by November 11,2018.

THE INITIAL COIN OFFERING

Both tender backing the kinesis system I.e the gold (KAU) and Silver (KAU) which are considered as the best and most stable store of value sale, the kinesis ICO is set to commence by November 12,2018.

Why does kinesis inherently have less volatility?

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The volatility of cryptocurrencies has made them nonviable for adoption because of their instability as they experience moments of increase in value as well as decrease in value thereby making them less admissible as a medium of exchange and settlement of debt. With the limitations of cryptocurrencies in the market today, this has made them less applicable in commercial transactions.
The way kinesis is built makes it nonvolatile as it is backed by a stable legal tender (KAU&KAG). All the various short comings of cryptocurrencies are being nullified in kinetics' monetary system.

How will the know-how from ABX translate into a successful execution for kinesis?

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The achievements of ABX over the years since its existence has prompted kinesis to enter into a relationship with them and this will go a long way to assist them to achieve their aims and objectives. "kinesis will utilize the multi layered third party audit and verification system of ABX's quality Assurance framework". Also the partnership between ABX a Deutsche Group -one of the largest exchange group in the world, will assist kinesis in achieving the reason for its set up.

What is the benefit of using kinesis over OTC alternatives?

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OTC- over the counter, this is a manual method of carrying out transactions, doesn't involve the use any electronic means which makes any dealings intrapersonal. Desk dealings are relative costly to mange as they involve the face-to-face meeting of both parties, that is all transactions are not digitized as records are also kept in books. This system as compared to that of kinesis are not of the same league.kinesis makes use of the blockchain technology which means every encounter doesn't have to be physical and relatively cheap. With kinesis' partnership with the ABX and ABX's partners, they can then provide an ideal solution for bilateral wholesale trading through blockchain with the help of the cryptocurrency technology, meaning it is accompanied with a reliable security measures as the decentralized method is what kinesis is built upon.

USE CASES;

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(I) John has been incurred many losses as regards the usage of bullion as a means of exchange and settlement of debt. His assets are often prone to various means of theft as security measures are relatively low.
A friend introduced kinesis to john and ever since then, john can conveniently make use of his bullion to acquire whatever he wants without the worry of it getting lost.

(II) Suleiman is an Arab trader. He engages mostly in cryptocurrency exchange and when the value comes down, he shuts down his business and resumes when the value is back on track or more that the former value. For a very long time, the coin remained devalued and this means Suleiman can't work.
His friend thereby didn't stop his business and when Suleiman asked him how he has been managing, he said he already found out a way to adopt a stable currency that extends internationally. He told Suleiman about kinesis and now, he can return to his business and forget about ever quitting as a result of devaluation.

Thanks for reading!!

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To learn more about them, click here to access the kinesis website

Read more about them; kinesis whitepaper

This is an @originalWorks writting contest. To participate click here

This is the link to my twitter post

Kinesis2018 . kinesistwitter