Kinesis: Establishing an Evolved Gold Standard, where everyone wins.

in #cryptocurrency6 years ago (edited)

Kinesis: Establishing an Evolved Gold Standard, where everyone wins.


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Some history

The history of money

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The problem

Officially in 1971, Richard Nixon, ends with the so-called "Gold Standard", where the US dollar became a fiduciary element. Thus ending the relationship to the value guarantee that paper money had for a certain amount of gold. Thereafter the example was given and the door was opened to all nations to print FIAT currency as much as needed, giving central banks the power to control the money supply; and economic variables such as the supply of credit, liquidity, interest rates, etc. But above all, causing devaluation of the FIAT currency for the printing of banknotes without gold backing. This economic control of governments through central banks has caused great losses to ordinary citizens who are directly affected by having their FIAT money deposited in the national banking system.

Some people have chosen to acquire Assets of value, to counteract the effect of devaluation of the FIAT currency, however other problems arise, such as a decrease in trading operations with these assets, as people try not to spend their assets waiting that its value increases, it is difficult and sometimes dangerous to carry out operations with these valuable assets, people are very vulnerable to being victims of fraud. Another problem with owning assets is the operating costs of owning these valuable assets, especially in security services expenses to safeguard their precious possessions.

Other people have chosen to acquire physical metals, such as gold and silver. However, this market is very exclusive, and for the ordinary citizen, obtaining tangible profits is very difficult and slow. In the same way that with the market of Assets of value, people are very vulnerable to being victims of theft or fraud in their operations.

And finally, and no less important and problematic is obtaining cryptocurrencies as a means of saving and investing for users. Although the cryptocurrency market overcomes the problems of vulnerability and security of the market of valuable assets, and also overcomes the problem of control of central banks. There is no denying, a major problem that has the cryptoeconomy, and is the volatility of the market. This although it has been beneficial for many who have bought cheap, and have seen their cryptocurrencies increase in value quickly, these people know that they can have large losses at any time if there is a sudden price drop.

Looking at this scenario, each mode of saving and investment has its pro and con. However, it is possible to establish a mechanism or a system to exploit the benefits of these methods.

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KINESIS is the Ideal System


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WHAT IS KINESIS?

Kinesis is an integral monetary system that takes the best of the investment and saving methods of the past, reinvents them to obtain their benefits, under the framework of transparency, security and data and transaction registration offered by the blockchain. That is, Kinesis takes the best of old systems to merge them into the world of the blockchain.

The mission of the Kinesis monetary system is to offer a fungible international monetary system, designed to give something in return to anyone who wants to participate, and create a solution to the world's need for stable and reliable money.
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COMPONENTS OF THE MONEY SYSTEM KINESIS


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  1. Kinesis Currency Exchange (KCX): Through the Allocated Bullion Exchange (ABX), the Kinesis Currency Market creates and coins Kinesis currencies, forming a centralized wholesale market, with liquidity and solvency.

  2. Kinesis Blockchain Network (KBN): The Kinesis Cryptocurrency Suite is built on the Blockchain Kinesis Network, where the Kinesis currencies are sent, spent, saved and exchanged. The coins purchased in the wholesale market (KCX) are issued in the KBN.
    The Kinesis Blockchain Network is made under Blockchain "Stellar" thanks to the fact that this network complied with the technical and algorithmic requirements necessary for Kinesis. Among other features is the speed of transaction processing (between 3000 and 4000 transactions per second). A key feature of the Kinesis and Stellar designs is that it does not implement the blockchain 'mining' model like bitcoin and Ethereum, the Stellar network uses a purely Consensus model instead. And finally, Stellar has the tariff accumulation model, the transaction fees in the cryptocurrency are collected transparently and can be managed centrally in the network.

  3. Kinesis Blockchain Exchange (KBE): It is an internal system where a Kinesis currency market and other cryptocurrencies are established. This ensures a liquidity for Kinesis currencies.

  4. Kinesis Financial Network (KFN): It is a mobile banking system, where Kinesis currencies can be used in savings, sending remittances, making payments, etc. You can even use debit cards, Visa and MasterCard. The KFN comes to facilitate the daily transactions to the user, being able to have a balance in any FIAT currency, besides being able to earn interest for having their money there. The user will have the possibility of issuing a complementary card for children or another person. Finally, merchants will have the possibility of accepting electronic commerce payments, through simple APIs, and thus eliminate the costs of the use of electronic cards.

  5. Kinesis Commercial Center (KCC): It is a platform integrated by providers of goods and services that accept Kinesis tokens (KAG and KAU) as a means of payment.

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KINESIS CURRENCY SUITE

Thanks to the benefits provided by the use of the blockchain Stellar, the Kinesis team was able to make a fork based on stellar and was able to develop the Kinesis Currency Suite. Being able to establish a token of value, with its equivalent in Gold and Silver, both in a retail quantity, as in a wholesale quantity, all marked with a serial number and with the identifier stamp of refineries approved by the ABX Quality Control Framework.

  • Gold currency (KAU): It is a contract and token equivalent to 1 gram of fine gold.

  • Silver currency (KAG): It is a contract and token equivalent to 10 grams of silver.





  • Gold wholesale currency (KWG): It is a contract and token equivalent to 1 Kilogram of fine gold.

  • Silver wholesale currency (KWG): It is a contract and token equivalent to 1,000 ounces of silver.





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TYPE OF PARTICIPATION IN KINESIS (Profitability)

1.- Kinesis Minters: Are the users who create (mint) the Kinesis coin and then spend it on the market. These users receive a profit in proportion to the Kinesis coins they create and transmit. The greater the amount and speed of the transaction, the greater the performance for the Coiner. This type of user participates directly in the KCX.
A case of the use of the Coin Operator can be a company that wants to pay its payroll through Kinesis, ensuring a flow of foreign currency and obtaining an extra utility.


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2.- Kinesis Holders: These are the users who buy the Kinesis coins, generating a great passive income, during the period they have in possession of their currency. This in competitiveness of what is offered by the savings accounts of the traditional banking system.


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3.- Kinesis Affiliates: These are the users who refer other users to participate in Kinesis, bringing as a benefit a utility not only for their own currencies and transactions, but also for the operations carried out by their recruits or referrals. What gives the system a very large scalability value, encouraging the participation and inclusion of more people.


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4.- Depositor Kinesis: Are the users who make a higher initial investment, with this investment they obtain a proportional and lifelong profitability on their deposit. With this applicability, large initial investments are encouraged, strengthening the System in an integral way.


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5.- Participants of ICO (Fee Sharing): the early participants of Token Kinesis will have preferential prices and commissions as a reward for their trust since the beginning of the Kinesis System.


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BENEFITS OF KINESIS


Security: Kinesis employs the most rigorous digital security standards of the blockchain and data storage.


Efficiency and Speed: Thanks to the use of the Stellar blockchain, Kinesis can make more than 3,000 transactions per second, with transaction confirmation.

Gains from Everywhere: Thanks to the Kinesis Participation and Profitability System, where each user can choose how they want to participate and obtain passive and active benefits according to the proportion of their participation.


Kinesis debit card: designed to be used in the daily life of the user in a practical and simple way, which allows to be a mode of global exchange.



The Kinesis eWallet: designed by the developers of Kinesis, with a very clean and easy-to-use interface. The Kinesis eWallet was designed to accommodate all Kinesis coins, making them easily accessible and conveniently managed in one place.

Tangible Value: Gold and silver is historically a great store of value. Therefore Kinesis takes advantage of this value of physical metals, to take advantage of the stability of the prices of these assets.

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KINESIS VELOCITY TOKEN

The Kinesis Velocity Token is a utility token that receives a portion of the transaction fees of the components of the Kinesis Monetary System. The KVT is an ERC20 token, which needs a wallet compatible with ERC20.

If you want more information to obtain Kinesis Velocity Token you can press Here


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Personal Conclusions

Every person who wants to save and invest, their greatest wish is that their money, in addition to being safe, can generate extra income.

Since I knew the world of cryptocurrencies, I have my savings in these digital currencies. However as we all know the world of cryptocurrencies is very volatile, and I have seen as part of my savings have lost value over time, due to the latest declines in the market.

Personally I believe that the optimal point that every saver and investor wants to achieve, is that where the balance between assets of value, money FIAT and cryptocurrencies are in a perfect balance.

With Kinesis this balance is within reach, where you can have liquidity and speed to make transactions and investments on demand, but with the strength and confidence of a physical support.
Kinesis establishes a system where trust goes beyond the blockchain, because it has the audit mechanisms made by third parties that add value to the platform.

Kinesis is presented as a response to those people who thought to use their cryptocurrencies to buy gold, silver, jewelry, or any other valuable item to have a physical guarantee of their investment. However, they still did not do so because they did not have the security mechanisms in their homes or companies to protect their assets.

Also thanks to the Kinesis Profitability System, and the different ways of participating in the platform. Kinesis has great scalability potential, and especially with its recruiting system or referrals, which creates a Platform that establishes a new and evolved Gold pattern, where everyone wins.

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The Team

The Kinesis Team is comprised of market professionals, exchange, banking and technology professionals who know exactly what is needed to build and implement a strategic and efficient monetary system.


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Advisors


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Partners


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Road Map


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Some Videos about Kinesis

KINESIS CEO - TOM COUGHLIN RT INTERVIEW: Kinesis CEO Tom Coughlin interviews with Bart Chilton on Boom Bust at RT.com
FIRST WEBINAR WITH CEO: 1st of a series of interviews by CEO of Kinesis, Thomas Coughlin, introducing The Kinesis Monetary System and its currencies
USA WATCHDOG: Join Greg Hunter of USAWatchdog.com as he interviews gold expert Andrew Maguire with Kinesis CEO Tom Coughlin
SECOND WEBINAR WITH CEO: overview of the Kinesis Velocity Token and its generous yield

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