Kinesis: Monetary System of the Future!

felixgarciap (69)in #originalworks • 6 years ago (edited)

Beauty attracts us men; but if, like an armed magnet it is pointed, beside, with gold and silver, it attracts with tenfold power.
Jean Paul

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About Kinesis

Since time immemorial, man has been attracted to precious metals, particularly gold and silver. These metals have been used to coin and support the issuance of currencies and have been instrumental in the storage of wealth.

It is noteworthy that in the year of 1971 the United States government unilaterally abandoned the gold standard that supported and guaranteed the value of its paper money, declaring the inconvertibility of the dollar in gold, which has allowed the issuance of this currency without backup causing loss of credibility of its financial system.

At the present time with the advent of Blockchain and technologies related to cryptocurrencies considering its volatility and the value of fiat currencies, it is imperative to develop systems that restore credibility to financial systems and allow users and governments to have modern mechanisms with which the securities available in the different asset portfolios are secured.

Taking into account the above, Kinesis has developed a platform built on Blockchain technology that is based on gold and silver to support the assets to be stored and managed through its system, rescuing the concepts and benefits of these metals.

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When money is entered into the Kinesis ecosystem through investment through symbolic purchases, each unit of fiduciary currency is backed 1: 1 with gold or silver and then attached to a proprietary performance system that promotes trade, its platform allows share the wealth generated.

Kinesis uses three main assets:

Kinesis Tokens backed by gold (KAU) and silver (KAG); the owners of the tokens own the ingots
Yield: the yield in the Kinesis system is created through spending instead of credit (borrowing) in the legacy system
Blockchain: an additional layer to reinforce the storage of value that is already a hallmark of gold and silver, while also making the two assets liquid through digital media (improving their use as a medium of exchange). Additionally, fiduciary notes, cryptocurrencies and other assets that are physically protected and stored digitally in your banking and asset management system will be added.

Kinesis Velocity Token

For the operation of the system the launch of the ICO Kinesis Velocity Systema KVT has been foreseen.

KVTs offer an investor a onetime opportunity to take a share of the Kinesis Monetary Systems entire revenue pool for life. The Kinesis Velocity Token (KVT) is a utility token and isn’t an asset-based currency. This is what is currently in pre-sale in the ITO that is running until September the 10th at a 2.5% discount. Then it will head into Public Sale until November 11th, 2018.

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.

Kinesis Use-case

John is an enthusiastic person of the technologies related to Blockchain, has a portfolio in cryptocurrencies and fiat currencies. He has always been interested in protecting his investments to avoid the volatility of them.

A friend told him about the benefits of Kinesis in terms of safeguarding the value of their capital invested and the guarantee of generating profits and opting to test the system.

Personal Conclusion

Taking advantage of Blockchain technologies and safeguarding the values of assets through reliable systems has always been one of the goals of engineers.

Kinesis takes advantage of the benefits of the Blockchain technology, based on the experience gained in the safeguarding of capital, using the gold and silver standard as support for the management of its operations.

The Kinesis'S EXECUTIVE TEAM

The Kinesis'S OPERATIONS TEAM

The Kinesis'S DEVELOPMENT TEAM

The Kinesis'S ADVISORS

More Information & Resources:

To learn more about this project, you can visit their website or read their Whitepaper here.

The team is alway willing to answer questions and you can reach them on any of their social media account.

PROMOTIONAL VIDEO

Reference Source 1: https://kinesis.money/en/kinesis-etheralabs/
Reference Source2 : https://kinesis.money/documents/translations/kinesis-whitepaper-en.pdf?r=01578
Reference steemit: @kinesismoney

DISCLAMER: The information contained within this post shall not be taken as financial advice. I am not a financial advisor and none of your investing should be carried out based on any information presented here. You can lose all of your money by not investing wisely. The above information is for educational and entertainment purposes only. Endeavour to do your own research”

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