Kinesis a project with a great future
It is a novelty in blockchain projects, its fundamental idea is based, in the backing of its financial system, on assets such as gold. This system sounds familiar to most of us, because this form of economy has been used by many countries in the world, however Kinesis is different because it will use the application of blockchain technology, which makes the project novel by the application technology and call the attention of people with more traditional financial ideals.
How will this system work?
You can differentiate 2 fundamental elements for it to work which are:
- The use of Kinesis tokens, each token must be backed, either in gold or silver, thus avoiding the fall of its value.
- Blockchain, undoubtedly this will be the pillar of operation of this system, making all data are stored with a high level of security, plus it also means that you can trade quickly, making the difference to own assets (Gold or Silver) directly that your trade is slower.
Broad Presence:
Kinesis is expected to have the ability to enter almost any market. As the project is designed for that, Kinesis is expected to enter at least 4 market initially, which would be:
- Cryptocurrency markets
- Gold and silver markets
- Fiat currency markets
- Investment asset markets
Guaranteed speed when using the stellar network system:
All transactions will be made through the steellar network that has proven to be one of the fastest networks in the blockchain, thus ensuring optimal operation.
Kinesis better than the Traditional system.
Mainly you should highlight that you will have tokens fully backed by assets (Gold or Silver) But unlike acquiring these assets directly, Kinesis offers a more fair price because it is difficult to get a fair market price if you own the asset directly.
Kinesis, a cryptocurrency with low volatility:
Being a supported currency, its value will be closely linked to the price of its support, which when seeing the behavior of those assets (gold and silver) we see that its value is "stable" this gives it an advantage over other cryptocurrencies that they can present variations in their price of up to 20% in just one day.
Kinesis a way to maintain the real value of money:
The fact of being a cryptocurrency supported and, consequently, less volatile, citizens of some countries whose national currency tends to devalue could seek refuge in this cryptocurrency.
We also see the example of the Tether that being directly supported in dollars has become one of the main cryptocurrencies in the world, and when the market is down cryptocurrency merchants seek refuge in cryptocurrencies that are backed to avoid large losses.
References and links of interest:
- Kinesis.Money Website
- Kinesis.Money WhitePaper
- Kinesis.Money OnePager
- Kinesis.Money YouTube
- Kinesis.Money Telegram
- Kinesis.Money Linkedin
- Kinesis.Money Github
- Kinesis.Money Steemit
- Kinesis.Money Bitcointalk
- Kinesis.Money Medium
- Kinesis.Money Twitter
Source of images used:
- https://kinesis.money/documents/translations/kinesis-whitepaper-summary-en.pdf
- https://kinesis.money/documents/translations/kinesis-whitepaper-en.pdf
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