KINESIS: THE GOLD WITHIN REACH OF YOUR HANDS

aleestra (65)in #cryptocurrency • 6 years ago (edited)

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KINESIS: THE GOLD WITHIN REACH OF YOUR HANDS

INTRODUCTION

It is no secret to anyone that the world of cryptomoney represents one of the great financial revolutions of recent years, with the appearance of this type of currency and the implementation of the Blockchain network as a security method for anonymous and secure electronic payments, without the need to consider a financial institution. The number of projects aimed at improving the decentralised economy has increased exponentially

In the past, the currency used par excellence was gold or silver or the noble metals that continue to represent the wealth of human beings. With the implementation of printed coins and banknotes issued by banks in all countries, buying gold is not commonplace and most of them are guarded by mining companies or banks.
Buying gold today is a rather complicated transaction, as it is difficult to find a place to buy it, as well as to get an exact value of one gram of gold or silver. Also for security reasons it is not recommended, as not everyone can have a vault in their home. And in many cases buying precious metals can be a big bureaucratic process.

Many people are afraid to invest in kryptom currencies since they are highly volatile in the market, depending on supply and demand, the value of currencies such as bitcoin has had very large fluctuations in recent times some favorable other unfavorable for investors. This is why Kinesis was born, an innovative project that aims to merge the purchase and sale of gold and silver through the Blockchain network.

WHAT IS Kinesis?

Kinesis is a project that will allow its users to facilitate Gold (Au) and Silver (Ag) transactions by implementing a 1:1 backed currency with these assets. This application of Blockchain will allow people to easily and pragmatically market and invest in gold and silver without having to resort to any intermediary.

The tokens for gold and silver are called KAU and KAG respectively. Which will be the digital representation of the wealth of whoever acquires them.

It should be noted that when these tokens are purchased, Kinesis issues a certificate directly to the user that proves the possession of the gold or silver. This feature clearly enriches the user and not any bank (as is often the case with traditional banks).

ITO (INITIAL OFFER)

The ITO will be available on its pre-sale date (September 10 through November 11, 2018). For this purpose, the Kinesis Velocity Token (KVT) is presented, which will be able to raise the necessary capital to complete all the phases of the Kinesis project. This token is an ERC20 compatible.

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PARTNERS AND COLLABORATORS

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Allocated Bullion Exchange (ABX) is the world’s leading electronic institutional exchange for allocated physical precious metals. ABX has Modernised, Globalised & Integrated the precious metal markets by redefining the way physical bullion is traded. We connect all major global liquidity centres and break down the barriers of entry to the global wholesale market for all market participants.

Article source: https://abx.com/

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As a diversified exchange organisation, Deutsche Börse Group’s products and services cover the entire value chain in the financial services sector. Its business areas range from the admission of securities to listing, through trading, clearing and settlement to custody services for securities and other financial instruments along with collateral and liquidity management. Additionally, the Group provides IT services, indices and market data worldwide. We have divided our products and services into nine groups.

Article source: http://deutsche-boerse.com/dbg-en/about-us/deutsche-boerse-group/

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European Commodity Clearing (ECC) is the central clearing house for energy and related products in Europe. Currently, ECC provides clearing services for the Partner Exchanges European Energy Exchange (EEX), EPEX SPOT (including EPEX SPOT Belgium), Hungarian Derivative Energy Exchange (HUDEX), Hungarian Power Exchange (HUPX), Norexeco, POWER EXCHANGE CENTRAL EUROPE (PXE), Powernext and SEEPEX.

Article source: http://www.ecc.de/ecc-en/about-ecc

VELOCITY SYSTEM

The Kinesis network rewards users based on speed of trade. That is, as the rate of capital exchange decreases. Therefore, the performance of this cryptomoney is closely related to the interest shown by the users who use it.

CONCLUSION

Kinesis represents a system that offers all the benefits of gold and silver trading without the risks of the fractional reserve banking system. Allows the purchase and sale of these metals to be a simple and safe operation (thanks to the Blockchain), which can be done from the comfort of your home.
It also promises to protect its users' investments by rewarding them for speed of trade, thus stabilizing the value of the token and avoiding inflation.
As there are no bank intermediaries, the political risk is practically eliminated, since the guarantors of each transaction will be the users of the Blockchain network.
Without a doubt, this new proposal represents the perfect fusion of the traditional purchase and sale of metals with Blockchain technology. Surely it will be successful because of all the benefits and guarantees it offers.