@originalworks helds Sponsored Writing Contest : Kinesis

vikasgoel1234 (53)in #originalworks • 6 years ago (edited)

Kinesis is a monetary system. A yield-bearing digital currency based on physical gold and silver. All digital currencies have main problem of volatility which is solved by asset backed system.

Kinesis offers traditionally stable currencies based on precious metals. basically backed by 1:1 gold or silver coins.
With this it becomes easy for investors to use Kinesis as digital currency as well as investment to store. All info store in blockchain as traditional cryptocurrency.

MISSION : The mission of the Kinesis monetary system is to give back rewards to those who participate with them.

Kinesis and the Kinesis Monetary System produced in partnership with ABX exchange called allocated bullion exchange. Its a public exchange. Its world leading public institutional exchange for physical precious metals and in operation since 2013.Recently they partnered with Deutsche Borse Group entity European Commodity Clearing (ECC) for clearing and settlement services.

The principal elements of Kinesis are:

Gold & Silver: Kinesis’ primary currencies are backed with allocated physical gold & silver.
Yield: A constantly recurring yield generated from economic activity.
Blockchain & Cryptocurrency Technology: Enhanced by asset-backed currency and multifaceted yield system.

KINESIS DIGITAL CURRENCY solves multiple problems like volatility. With asset backed currency it solves that problem and thus can be used as currency.
As a digital currency it solves problem of slow transactions.
Also these assets doesn't yield any benefits of holding instead cost u something for holding them. so that is changed with Kinesis digital currency as it yield befits to all those who participates with them.

YIELD BENIFITS:
Minters gets 5% of transaction fees.
Depositors will receive 5% of transaction fees
Holders receive 15% of transaction fees
Recruits yield rewards for those who recruit or refers others.

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[source[(https://kinesis.money/documents/translations/kinesis-whitepaper-en.pdf?r=01578)

Kinesis token information
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KINESIS VELOCITY TOKEN
The Kinesis Velocity Token is an ERC20 utility token that receives a portion of the transaction fees from the Kinesis Monetary System. KVT holders receive a proportional 20% share of all transaction fees associated with all Kinesis currencies and a further incentive of 20% of all commissions from the Kinesis Commercial Centre (KCC).

KVT ITO

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