980 STEEM ~ Sponsored Writing Contest: KinesissteemCreated with Sketch.

in crypto •  3 months ago

Welcome to the @OriginalWorks sponsored writing contest!

Status: CLOSED. (Note: We understand that some users expected a Saturday start date! Late submissions will be treated with leniency. We hope this also helps users from parts of Venezuela that are suffering from power outages!)

Accepted Languages:

  • English

Start Time: ~8 PM ET, Friday
End Time: ~8 PM ET, Monday (Refer to note above)

Special Twitter 0.5 STEEM bonus!

Details outlined at the bottom.

This is a call to all great Steemit writers! Kinesis has sponsored a Steemit writing contest!

Please make sure to read the contest topic carefully. Good luck!

Prize Pool Total: 980 STEEM

Prizes: 730 STEEM + 250 STEEM (100 bonuses of 2.5 STEEM!) + Twitter Bonus (Details Below)

  • 1st Place: 72 STEEM
  • 2nd Place: 62 STEEM
  • 3rd Place: 54 STEEM
  • 4th Place: 49 STEEM
  • 5th Place: 38 STEEM
  • 6th Place: 36 STEEM
  • 7th Place: 30 STEEM
  • 8th Place: 27 STEEM
  • 9th Place: 24 STEEM
  • 10th Place: 23 STEEM
  • 11th Place: 22 STEEM
  • 12th Place: 21 STEEM
  • 13th Place: 19 STEEM
  • 14th Place: 17 STEEM
  • 15th Place: 16 STEEM
  • 16th - 20th: 13 STEEM
  • 21st - 25th: 10 STEEM
  • 26th - 30th: 9 STEEM
  • 31st - 40th: 6 STEEM
  • 41st - 140th: 2.5 STEEM Bonus

Deadline: 72 Hours

All articles must be submitted within 72 hours of this post to be considered!

Changes in submission rules below

WHAT IS Kinesis?

Kinesis is a new blockchain project which is, in a practical and simple sense, reinventing the wheel of the historic, asset-backed financial system.

Kinesis is an interesting take on the application of blockchain technology because a lot of other projects in the space differentiate themselves by distance from any financial system of the past. Embracing and enhancing the old gold standard of money with decentralized record-keeping is a hybrid evolutionary take on the needs of value storage with respect to the monetary system of our current day.

Kinesis is seeking to create an “internationally fungible monetary system.” 1 This system will overturn people’s innate choice to hoard their cryptocurrencies, which they value over their conventional fiat currency and therefore do not want to relinquish.

THE KINESIS MONETARY SYSTEM

“Core to the mechanics [of the system] is the perpetual incentive and stimulus for money velocity.” 2 Whenever money is brought into the Kinesis ecosystem via investment through token purchases, each unit of fiat currency is backed 1:1 with either gold or silver and is then attached to a proprietary yield system which promotes trading while creating a platform for sharing the wealth generated by the members of its economy.
Kinesis uses three core assets in this system.

  • Gold (KAU) and Silver (KAG) backed Kinesis tokens; owners of the tokens are owners of the bullion
  • Yield – the yield in the Kinesis system is created through spending as opposed to credit (borrowing) in the legacy system
  • Blockchain – an additional layer to reinforce the storage of value which is already a hallmark of gold and silver, whilst also making the two assets liquid through digital means (enhancing their use as a medium of exchange)
    Kinesis is seeking to add fiat banknotes, alternative cryptocurrencies, and other assets which are physically secured and digitally stored in their banking and asset management system.

THE KINESIS MARKET ENTRY STRATEGY

Even though the applications for Kinesis can seem quite asset agnostic (meaning that the network could be used for any sort of asset), the team has a realistic market entry strategy. The four areas Kinesis is seeking to initially disrupt are:

  • Cryptocurrency Markets
  • Gold and Silver Markets
  • Fiat Currency Markets
  • Investment Asset Markets

Because of the yield system Kinesis has developed, participating in these four markets through the Kinesis protocol is inherently less risky than their legacy form counterparts. This is because spending increases the Net Present Value of the assets being exchanged.

Furthermore, banks and other institutions hold legal titles to the assets of their clients as they use these assets to accrue their own wealth. Kinesis allocates title directly to the owner of the accounts on their network. This has implicit benefits for worries such as a country’s political risk.

Kinesis also has a strong partnership with Allocated Bullion Exchange (www.abx.com) who themselves are partnered with Deutsche Borse Group who are associated with the European Commodity Clearing settlement service. 3

KINESIS INITIAL TOKEN OFFERING (ITO)

The Kinesis Velocity Token (KVT) is an ERC20 compatible utility token. This token will be used to raise the capital necessary to launch the Kinesis Monetary System. Holders of KVT collectively earn a percentage of transaction fees from the business operators within the system.
The ITO is currently in pre-sale with the public sale launching on September 10th, 2018 through to November 11th, 2018.

KINESIS INITIAL COIN OFFERING (ICO)

Not to be confused with the KVT token offering (ITO), the KAU and KAG coin offering is a sale of cryptocurrency backed 1:1 respectively by gold and silver bullion.

These tokens have been forked from the Stellar Network and they are the medium by which all transactions on the Kinesis Monetary System are handled.
The Kinesis ICO is set to begin on November 12th, 2018.

KINESIS DESIGN PHILOSOPHY

Kinesis was designed to:
· Overcome the volatility limitations of cryptocurrencies as a reserve currency
· Improve upon the storage of value limitations of fiat currencies
· Turnover the negative present value of worldwide bank account holdings
· End the habit of governments funding themselves via printing money and creating deficits
· Eliminate the philosophy of centralized banking
· Change the habit of people storing their gold, silver, cryptocurrency, etc. (“good money”)
· Attach interest yields to physical assets such as gold, silver, property, etc.
· Create a better yield system than that offered by the credit/borrowing networks
· Eliminate fraud and theft from asset-backed securities
· Provide an digital (OTC) Over-the-Counter alternative for bullion exchange markets
· Provide entry points for small markets to list their physical assets for exchange opportunities

KINESIS STRATEGY EXECUTION

Kinesis is utilizing the third-party auditing and verification system of ABX’s Quality Assurance Framework. ABX has been working in the wholesale bullion market since 2013 and has an unblemished record of excellence. The Deutsche Borse Group is an additional partner whom is one of the largest exchange groups in the world and could provide instant clientele for the Kinesis Monetary System.

KINESIS MONETARY SYSTEM FEATURES AND COMPONENTS

Kinesis has the architectures for its digital operations:

  • Kinesis Currency Exchanges (KCX): A wholesale market where the currency is created and minted with the help of ABX

  • Kinesis Blockchain Network (KBN): The blockchain on which the suite of Kinesis tokens is built

  • Kinesis Blockchain Exchange (KBE): A blockchain digital currency exchange where the tokens representing physical assets can be traded

  • Kinesis Financial Network (KFN): A mobile banking system where the currencies can be used for savings, payments, remittances, and money movement; also includes Mastercard and Visa debit access

  • Kinesis Commercial Centre (KCC): An online aggregator platform of goods and service providers which accept Kinesis tokens (KAG and KAU) as a means of payment

KINESIS CURRENCY SUITE

The Kinesis team chose to fork the Stellar Network for its high transaction speeds and increased security of the protocol to facilitate spending on the Kinesis Commercial Centre (KCC). The currency suite is used to digital tie one fine gram of gold per token (gold of 995 fineness) for KAU and 10 grams of silver to one unit of KAG. Each will have a serial number attached to an identifying stamp of a refiner of the metals.

There are wholesale contracts for denominations of kilograms of fine gold as well as 1,000 troy ounces of silver. All have the same serial number and refiner assurances through ABX and the Kinesis Currency Exchanges (KCX).

VELOCITY-BASED YIELD SYSTEM

Kinesis users are financially rewarded based on their participation and the overall velocity (rate that the money changes hands) of the Kinesis currency).” 4

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 Kinesis team has followed the example of Tether (a token backed the US dollar, which has the highest consistent velocity in the cryptocurrency market). Kinesis offers all the advantages of Tether, but without the counterparty risk of the fractional reserve banking system as all of the Kinesis transactions (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 Kinesis coins 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 Kinesis currency 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 Kinesis Wallet
· Incentivizes large initial deposits and further use of the currency
· Depositors receive a share of the transaction fees as a yield forever on the Kinesis coins they bought and used
· Higher velocity equals higher yield

Kinesis Use-Case

Laura is a smart investor, with a complex and well-structured investment portfolio. She wants to ensure that she can retire early. In order to do so, she has been investing ever since she finished college. She currently holds cryptocurrency, properties and is diversified across numerous stocks.

Being a big proponent of diversification, she wants to buy bullion. One of the things that attracted her to cryptocurrencies in the first place was that it is not controlled by the governing entity. They are naturally anti-inflationary and grant the user sole access to the funds.

She shopped around for bullion but ran into numerous issues.

  • Where to buy it at fair market value
  • Where to store it
  • Limited liquidity
  • Logistical nightmare

This almost pushed Laura away from investing in bullion altogether, until her friend told her about Kinesis!

Now Laura can 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 she wants to apply.

For more information watch this short feature intro:

More Information & Resources:

Submission

  • Write an article about Kinesis and how it will change the way users interact with gold and silver! What are the benefits of having a currency backed 1:1 by gold or silver? How does Kinesis.Money open the bullion market to regular users? Why does Kinesis inherently have less volatility? How will the know-how from ABX translate into a successful execution for Kinesis? What is the benefit of using Kinesis over OTC alternatives? What are some good use cases? There are many applications, so feel free to give a few! As always, the topic is fairly open-ended, so be creative!
  • To submit please do the following:
  1. Add the word "kinesis2018" (without the quotes) at the very end of your article.
  2. Link this post in your submission.
  3. Post the link to your article as a reply to this post.
  4. Resteem this contest post.

Rules

  • The article must be at least 250 words in length and it is recommended(not mandatory) that the length is under ~1500 words.

  • At least 70% of the submission must be original. Using "article spinners", and other word substitution tools is also not permitted.

  • All copied text must be in quotes. Feel free to copy links to resources from the contest post, but please be sure to not copy from other contestants.

  • Please keep discussions relevant to the contest topic. We would like to encourage a good vibe in the comments!

Please note, any users caught copy pasting or word spinning material without clearly showing that they took the work from somewhere, such as using quotes, will have their submissions disqualified.

Video Bonus

  • Feel free to use images and media from their website. You can even make your own video and have it in your submission! Videos have a chance of winning a separate bonus based on quality. Videos should be uploaded to YouTube. DTube or IPFS. Please do not remove the videos, or it might impact future eligibility. Feel free to make a new YouTube account for these. We really wanted to use DTube, but sometimes the videos were not view-able at all. We may change this in again in the future. For the time being please ensure whatever service you choose to use is working.

Twitter Bonus

For the Twitter bonus:

  1. Tweet the link to your article on Twitter.
  2. Tweet should contain article link, mention @kinesismoney and this link (https://kinesis.money/en/kinesis-etheralabs/) as well as one of the cryptocurrency related hashtags such as #blockchain, #crypto, etc
  3. Add the link to your tweet at the bottom of your competition Steemit post!
  4. At the end of your article, add the word "kinesistwitter", without the quotes!

This is great because it will also encourage Twitter users to come join Steemit as well!

The bonus for this 0.5 Steem for every article that tweets and meets a level of quality and contest conditions.

How the winners are decided

The submissions will be passed along to the team at Kinesis , and they will decide the best method for picking winners and the winning articles.

This can mean that the team judges the submissions, or they ask our team to judge it. Regardless of the method, the final say always lies with the sponsor.

More information & recommendations:

  • Pay attention to spelling and grammar!
  • Feel free to use informal language such as "I would, etc"
  • Use information and resources above to learn more about Kinesis!
  • If you copy something, use quotes. This is an @OriginalWorks contest after all :)
  • Link the company's website: Kinesis so that your readers can do research for themselves.
  • Articles can be edited up until the deadline.

After writing an article, within a few minutes you should get one of these as a response to your article post:

If you don't get one, let me know by adding a quick message after you submit your link as a reply here and it will be done manually. Sometimes it can take some time, so don't worry if it isn't instant! Rest assured, as long as your link is shared as a reply here, everything is double checked at contest close to ensure that all articles are submitted!

100 submissions will get 2.5 STEEM each. The article must meet the contest conditions such as word length and a level of quality.

Disclaimer: @OriginalWorks makes no claims as to the legitimacy or operating procedures of contest topics. @OriginalWorks does not offer any sort of investment advice. This is a writing contest. @OriginalWorks only guarantees prize payout. The contest topic company may choose to share the contest submissions that receive prizes. If for whatever reason there are over 500 submissions, new submissions will not be considered.

Good luck to all the contestants!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Wow this great contest... happy contest for all

·

how on your comment come more reward if me upvote any one no reward come why please help me

·
·

Notice that she (@khanza.aulia) votes for herself; she also has an SP higher than yours ... You have a value in steem power (SP) of 32 and she is in 58 SP. Do the analysis yourself!
Regards @akkypan

·

nice comment

·

NexusBot.io - Best Crypto Trading Bot

  • Bittrex
  • Poloniex
  • Bitfinex
  • 50+ exchanges

Welcome to NexusBot.io

It is going to be an interesting participation.

#kinesis I'm join the this project @originalworks

Good to have you back

This was the longest week of my life: D what a joy to see them again

·

Haha

Stop lieing na...

·
·

jajajaj :D

·

Haven't got the contest bot comment till now please check.

Another contest defenatly I will participate and try to collect some steem...
Thanks to @originalworks

Happy day @originalworks, happy to return to the contests, see you again this week, thank you for the opportunities to learn in the world of scriptures

Been waiting for another contest from you guys, thanks for making this possible @originalworks

It's nice having you back @originalworks. .let's see how this one goes.

Amazing! Another contest, great!

·

Yeah!!! jejejejej Go goooo!!!!!

·

nice comment

Welcome back @originalworks with another interesting contest. Lets see how far we can go in this.

Welcome back!

I'm so glad you are back with another contest @originalworks. Thank you.

Origin of Originalworks on Steemit. Glad to have you back.😏

Wow! @originalworks is back again. Welcome back and thanks for the writing opportunity.

Hi @originalworks, I have resteemed and upvoted your post. Included below is the link to my submission

https://steemit.com/crypto/@sirpee/kinesis-the-future

Welcome back...

Thanks @originalworks for this contest, so happy to have you back.

Hello friends, here my entrance, for the project "KINESIS 2018" greetings and success to all

https://steemit.com/crypto/@luisrigual/kinesis-project-kinesis2018

Thanks for the info.

@resteem.bot

·

Why is my rep so low? Thanks to @resteem.bot because I offer FREE Resteems!

Re: resteem.bot - watch out for this cheater!! More info:   👇
https://steemit.com/win/@marcocasario/re-resteembot-win-with-resteem-bot-24-08-2018-20180824t081916915z

( Apologies for the little invasion @originalworks : ) )
Reply "@marcocasario SKIP" to turn these off for you. Thanks :)

Great job keep it up

Nice one thus a bit delayed. I'm good to go

Thank you for reopening the contest! Greetings from Venezuela!!

I guess its time to read and make an article again :D

Ggreat job . It's an original concept

The waiting time is over, it's time to work! Thanks @OriginalWorks

I would like so much participated. But i don't speak inglish very well. Ha ha! I hope a contest that hispano speakers have the oportunity to say what they thinking, and how they expresions influiyng with the message.

I hope you understand me!

Thanks, so much peace and success for you and your project! @originalworks

Thanks for picking me as a winner for the steem bonus 2-times in a row. Is it ok if a use my other account @commernce2 to enter the contest as well?

·

Hello!

Unfortunately, double entries are not permitted. Please only apply with one account per person,

I am going to enter with a story again but by using another character. However the stories ill be drastically different from one-another.

Im not sure if i would enter but it's good to have a lot of open-source development in the cryoto-world and its block chains.

Great your consistency @originalworks.

Wow thank God its, good to be back. @originalworks i miss you.

Haha soumd funny but i did miss all tgis The contest

We were all looking forward to this week's contest! Soon I will send my entry, good luck to everyone! Thanks @originalworks

Nice one...it is worth the wait .

Resumption

@originalworks, it's good to have you back

my regards, as always a very interesting and instructive topic.

Hi @originalworks I'm a bot, and wanted you to know that I've upvoted and re-steemed your post to help you with your promotion efforts! -exp

Thank you for reactivating the contests, again I will write and good luck to all the participants!

Very good.

Happy day @originalworks, happy to return to the contests, see you again

this week, thank you for the opportunities to learn in the world of scriptures

We are at it again for this week.... It's good to start a new month with something like this!!!!!

·

Hello @originalworks I didnt get the comment in my entry. Why ?

·
·

Hello @originalworks and @contestbot I haven't receive the comment on my post.

I missed them. Thanks for this contest @originalworks

Another excellent contest, I will certainly enter. Greetings.

I already sent my article thank you I hope your bonus

·

well done nice one👍🏻

·

Am lost here please. Am a writer but I don't know what kind of writing kinetic writing is about. Is it on a general fictional writing or what?

·

my entery is stell not accepted plz confirm @originalworks

Wow...nice one.

Good to be back.Kudos to you

Finally originalworks is back . All fired up for this !

As a marketing tool, this is a very clever idea. I know nothing about crypto currencies and even what you placed in your article was too complicated for me, but I appreciate you using Steemit this way.

My best wishes to all contestants.

The contest is back better than ever....... and I will be up against the odds with my stake.........

So if I am reading this correctly, KAU tokens are backed by actual physical gold that you store? So if I bought 100 KAU there would be 100 grams of gold stored in your vaults which is tied to the value of the KAU token? Does this also mean that 1 KAU = to “current price of 1 gram of gold ($38.64 at the time of this post)? Same for KAG (1 KAG = 10 grams of silver or $4.70 ($0.47 per gram of silver)? Thanks for your reply in advance.

Posted using Partiko iOS

·

By the way, I'm still waiting on my @contestbot comment.

·
·

Hello friends of @originalworks, thanks for allowing me to participate in the contest here I leave my entry: https://steemit.com/steemit/@rcrdoo/kinesis-una-oportunidad-unica

I really like the simplified explination of a crypto currency and how they work, it's actually extremely informative, and the new 1 for 1 style of this currency using real world assets is a step in the right direction for these currencies, variety is great and this just ads to the list providing something a little different this time.

This will another great contest for which i am expecting, although need hard work but I will participate in it. Thanks to @originalworks to bring such a contest.

I'm now your regular subscriber

Welcome back @originalworks! Been waiting for your contest since I haven't joined your last hosted writing contest.

Woah!! You are great now. I am happy for you.!

This is my entry: https://steemit.com/crypto/@aledania/kinesis-the-evolution-of-the-gold-standard
My tweet: https://twitter.com/Alejand66947113/status/1036122018075340800
In case of having an important error, I thank you for letting me know. Happy day and good luck for everyone!

Useful and informative post...Thanks

@originalworks @contestbot I am submitting my entry once again as yesterdays entry not accepted till now.
its a same link shared again
https://steemit.com/originalworks/@vikasgoel1234/originalworks-helds-sponsored-writing-contest-kinesis

Will get to work when I get home

Friend! This is to inform you Contest bot has not upvoted me!!

Happy day for all and many successes, this is my small contribution to the contest, thanks for the opportunities once more@originalworks .

Kinesis: THE EVOLUTION OF THE PATTERN GOLD AND MONEY OF THE FUTURE

Fuente

https://steemit.com/crypto/@maxili63/kinesis-the-evolution-of-the-pattern-gold-and-money-of-the-future

This is the twitter link to@kinesismoney
https://twitter.com/maxili03/status/1036226314657837056

Resteemed ;-)

At last another contest is out. Thank you @originalworks