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RE: 980 STEEM ~ Sponsored Writing Contest: Kinesis
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.
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