|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||September 10, 2018|
|End||June 30, 2019|
ICO description, Technical Details and Documents
The Kinesis Monetary System (Kinesis) is an ambitious fintech project that has set itself a goal of hastening the mass adoption of cryptocurrencies by introducing the innovative monetary system based on the asset-backed tokens and the multifaceted yield-bearing scheme. The system is said to encompass all financial markets, stimulate the velocity of capital movement, and resolve the problems that hamper the overarching adoption of cryptocurrencies.
The Kinesis Blockchain Network (KBN) lies at the heart of this emerging monetary system. For the technical standpoint, it is a fork of the Stellar blockchain, which is known for possessing such properties as ultra-fast remittances that take no longer than 5 seconds, versatility, and compatibility with any of the current payment systems. The Kinesis blockchain serves as the foundation for another element called the Currency Suite, a functional set that grants the possibility for the amplification of system capabilities.
Kinesis Exchange was developed in cooperation with the Allocated Bullion Exchange (ABX), an institutionalized online platform for trading precious metals and a partner of Deutsche Borse Group.
Kinesis Mint is a functional feature that allows for minting (mining) the Kinesis tokens that are subsequently backed by the precious metals bullions, which are in possession of ABX.
Kinesis Financial Network (KFN) is represented by the bespoke mobile banking system that includes a digital wallet and a physical debit card compatible with the MasterCard payment service.
Kinesis introduces as many as three types of currencies each with its unique characteristics, however, all of them are backed by either gold or silver.
The Kinesis Gold Currency (KAU) is a representative of a gold contract where each token is equaled to a bar of 995 fineness gold that weighs approximately 1 gram.
The Kinesis Silver Currency (KAG) is backed by 1 oz of silver with a fineness of no less than 999.
The Kinesis Gold Wholesale Currency (KWG) is the “heaviest” currency of all, being backed by a kilogram of gold of 9999 fineness.
Every bullion of a precious metal contains a serial number as well as a stamp of an official refiner.
The Kinesis Velocity Token (KVT) is the ERC-20 compliant utility token that is currently on sale through the Initial Token offering (ITO). The holders of KVT will receive a share of profit from transaction fees in the range of 5 to 20% from the overall income.
In its strive to create a unique monetary system, Kinesis has elaborated an interesting yield structure based on the token velocity. The project offers its investors four types of yields:
Kinesis has an ongoing token sale that will conclude on June 30. As of now, the project has already reached the softcap of 15.000 KVT which translates to $15 million, but is unlikely to hit the hardcap of $2.1 billion. The price of 1 KVT is $1000 with that, understandably, also being the minimum investment threshold. Kinesis accepts USD, BTC, ETH, and USDT. There are no restrictions applied with regard to investors’ citizenship.
* Crypto Rating accepts no liability for any errors in the Kinesis ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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