WHAT IS KINESIS?
KINESIS is a global monetary system that offers asset of store value backing to currencies so as to enable the usage of such currencies in transactions. The kinesis financial system seeks to limit the risk and volatility in other currencies by offering such currencies the value of assets of store value like gold and silver. This system will grant such asset of store value liquid status and enhance their use in economic activities. It will also stabilize highly volatile currencies like cryptocurrencies and reduce the risks in holding other fiat currencies.
WHY THE KINESIS MONETARY SYSTEM?
The advent of blockchain technology, cryptocurrencies and mobile devices brought great opportunities to the world. Cryptocurrencies are supposed to enhance commerce and the global economy because of their easy accessibility and the control they grant to their users. But the volatile nature of cryptocurrencies make it difficult for it to create the needed effects in the global economy.
It can't be used either as a store of value or as a means of payment for goods and services because of its volatile nature. And any currency that most gain global backing must be able to achieve such feat of being used for transactions and as a means of payment. Also, fiat currencies that are generally accepted for daily transactions are subject to high risks and inflation as a result of intervention from Central banks. It is not a good store of value because storing it in a bank can lead to devaluation and the owners are the ones carrying such risks. Gold, silver and other precious metals that are stable, secure and good store of value are hardly used in daily economic activities.
All these create a drawback in commerce and economic activities and prevent so many investors from taking good advantage of either the Cryptocurrency market, the fiat currency market and the bullion market. These drawbacks spurred the creation of the KINESIS monetary system. A system that offers other currencies the value and stability of bullion and also Grant unto bullion the economic usability of other currencies, thereby creating a system that is unique, reliable, risk free, rewarding and economically viable.
VISION AND MISSION OF KINESIS
Kinesis vision is to create a system that enhances money as an effective store of value and a medium of exchange at the same time. The present world's monetary system don't offer this. Currencies that are effective in being used as store of value like gold, silver and other precious metals are hardly used to enhance commerce and economic activities. The kinesis system will make this possible by giving stored assets same value as other currencies and encourage participation in economic activities through a rewarding yield system. The more people engage in economic activities in the system, the more yield they are going to get either in their storied assets or the equivalent currency.
Kinesis mission is to create a monetary system where the currency can be exchanged for something of equal value with ease and be able to benefit everyone through a rewarding system that participates in the system equally.
OPERATIONS OF THE KINESIS MONETARY SYSTEM
The kinesis monetary system backs investment in the system to a 1:1 ratio with asset of stored value and rewards everyone that participates in the economy. The system grants volatile and high risk currencies the equivalent status of gold and silver bullion and makes it possible for these stored assets to be used for daily economic transactions by putting a rewarding system in place. Fiat currencies and gold and silver are brought into the system by investors and these assets can be exchanged for the kinesis currencies that wI'll be used in running the economy of the system. The more of the kinesis currencies a participant has and the more such currencies are set in motion through involvement in economic activities, the more all participants that invest in the kinesis monetary system earns through the various yields put in place to encourage economic activities. This is what the kinds is system is all about.
Three primary core elements in the kinesis system are:
gold and silver:
These are the assets of stored value used to give the kinesis currencies stability by backing them to a 1:1 ratio with such assets. These assets determine the value of the kinesis currencies and their stability. The kinesis gold coin (KAU) and silver coin (KAG) are the two currencies given bullion backing. These currencies will be used to run the economy of the kinesis ecosystem.The yield :
This is a rewarding system put in place to enhance economic activities within the system. The yield system kick against hoarding of any of the currencies or asset. It encourages participation and rewards everyone in the cycle of the economic change.Blockchain technology and cryptocurrency:
These are used to give the kinesis system a wider reach, faster execution and liquidity. Users from all over the world can access the kinesis system through this technology and have stake in the system and participate in the system's economy and the global economy of the world through the system's cryptocurrencies. With this technology and currencies, the limitations to entering into the gold and silver bullion market will be broken and more individuals can benefit in the global economic through this system.
KINESIS OPERATION STRATEGY
Kinds is can be applied to any market where there are fixed valuable assets and economic activities. But the four market it is designed to in influence currently are:
Cryptocurrency market
Gold and silver market
Fiat currency market
Investment asset market
1. THE CRYPTOCURRENCY MARKET
Blockchain technology and cryptocurrency offers great opportunities to the global economy. Their decentralized nature, fast transaction speed, security and ease of accessibility and control it grants to its users create great opportunities for everyone in the global economy but the high volatility of cryptocurrencies makes it difficult for it to participate effectively in the global economy. For a currency to participate effectively in the global economy, it has to maintain some form of stability and be used as a store of value without fear of it losing its value in the nearest hour.
This volatile nature makes it difficult for cryptocurrencies to play an active part in the global economy and also favours hoarding. Investors anticipating future rise will hoard it and use other currencies that they think are more stable and of less value in their daily transactions. These drawbacks in the cryptocurrency market are what the kinesis monetary system will address.
Since the kinesis system backs asset with the most stable currencies in the world - gold and silver bullion, it will help cure the volatility problems of cryptos and give cryptos the same economic value as the asset used in backing them. What this implies is that, cryptos will be able to be used both as store of value and for daily economic transactions. This will open the crypto industries to more users and cause a global adoption of both crypto and blockchain technology.
2. FIAT CURRENCY MARKET
Fiat currencies that seem to be quite stable also have their own drawbacks. Government interventions through central bank devaluations, currency minting for increased government spending and inflation makes the currency a very risky store of value. Fiat currencies deposited in banks are at owner's risk because the bank only use such money to generate wealth for itself throughout lending and interest payment system while leaving the owner's of such funds with nothing.
The bank current system of generating funds with owner's deposited funds neither favours the owners of sugh funds or encourages economic participation. This creates a reduction in economic activities because the high interest yields on loans given by banks doesn't ecourage such. The kinesis monetary system encourages economic participation through it yield system and it gives depositors the legal tender of their deposits.
This means that money deposited in the kinesis system is not subject to the sort of risks bank deposits are subject to because it will be sent back into the economy and earn yields on the deposits for the depositor. Depositors can deposit their money in kinds is gold coin or silver coin and they will be assured profits on their investment for as long as the money is taking part in the global economy. Isn't this awesome?
3. GOLD AND SILVER MARKET:
The bullion market is plagued with so many problems hampering the advancement of the market. Some of the problems include archaic trading system, requirement of very high resources to participate in the market, inaccessibility of local markets to international market, lack of general and easily accessible platform for everyone, etc. The OTC trading model operaged by the bullion market slows down transactions and is plagued with so many inadequacies.
The kinesis system through its decentralized network will introduce a modern approach of trading to the bullion market that is fast, secure, cost effective and efficient. Kinesis will also make it possible for local bullion traders to connect with the international bullion market and gain more profit on their investment. The barrier to entry created in the bullion market as a result of the high resourges requirements and cumbersome consultation processes before entry into the market will be eliminated by the kinesis system. The system will open the bullion market to all, make it more competitive, effective and rewarding.
4. INVESTMENT ASSET MARKET :
The lack of proper incentive system in the investment asset market such as other precious metals and property assets makes it difficult for this industry to experience boom. Investors are made to pay holding fees and high transaction fee. This move discourages so many investors from taking advantage of this market. The issue of security is also a problem in this market. The yield system of the kinesis system holds a lot of opportunities for investors in this market. It will encourage more investors to take advantage of the market and also encourage investors already in the market to hold their investment in the system because of the benefits that they'll be having for having their asses in the system.
Kinesis will open the investment asset market to more investors by making it more lucrative to the investors through its yield system.
KINESIS EXECUTION STRATEGY
Kinesis has partnered with some organizations to enhance its execution and adoption. Two of such reputable organizations are ABX an auditing and verification network in the bullion industry and the Deutsche Borse Group who is one of the largest exchanges in the world. These organizations will aid the integration and adoption of the kinesis monetary system.
KINESIS YIELD SYSTEM
The kinesis yield system encourages economic participation in the system by rewarding users for their participation. The various yield system in operation in the system are:
Minters yield:
This is the yield paid to those that invest gold and silver assets in the system. Holder's of gold and silver can exchange their assets for KAU and KAG. They are the creator's of the kinesis gold and silver coins. The amount of gold and silver a user brings into the system determines the amount of coins the user will have and the amount of yield the user will get. The minters are paid a part of the fees generated from the economic activities in the network for life.
depositors yield :
This yield is paid to users based on their initial investment in the system. Users can invest in KAU and KAG and these coins will be stored in their wallets and yield returns for them in proportion to their deposits and the level of economic activities taking place in the system.
Referral yield:
This is a yield paid to those that brings others into the system. As the people they bring in partico pages in economic activities or invest in the system, their referrers earn a portion of the yield from such activities.
Holders yield :
This yield is paid to those that participates passively in the system. It can be likened to the deposit system operated by banks and other institutions.
KINESIS ITO AND ICO
Kinesis initial token offering is done to launch the kinesis system. The kinesis velocity tokens will be used to do this launching. Users can exchange their fiat currencies for KVT and earn from the economic activities that occurs in the system. The pre -sale of the kinesis ITO is already taking place and the public sale will commence September 10th to November 11th.
The kinesis ICO is different from the kinesis ITO. The ICOs are the coins that will be used to run the kinesis economy. KAU and KAG are the two coins that will be used to maintain the kinesis economy. Investors can invest in these coins with theI'd fiat currencies and enjoy the benefits of the kinesis gold and silver backed coins. Payments all over the system will be carried out using these coins. The ICO will commence November 12th.
IMPORTANT FEATURES OF THE KINESIS SYSTEM
The kinesis system is designed to meet various needs of the users. Some of its important features are given below.
Kinesis Currency Exchanges (KCX): A wholesale market where the currency is created and minted with the help of ABX
Kinesis Blockchain Network (KBN): The blockchain on which the suite of Kinesis tokens is built
Kinesis Blockchain Exchange (KBE): A blockchain digital currency exchange where the tokens representing physical assets can be traded
Kinesis Financial Network (KFN): A mobile banking system where the currencies can be used for savings, payments, remittances, and money movement; also includes Mastercard and Visa debit access
Kinesis Commercial Centre (KCC): An online aggregator platform of goods and service providers which accept Kinesis tokens (KAG and KAU) as a means of payment
USE CASE
Mr. Kennedy is an investor that has investment in the precious metals industry. The holding fees he pays regularly for his assets to be securely stored in anticipation of future increase in value is making him considering auctioning his assets. He was about to auction it when he heard his colleagues talking about a monetary system that gives precious metals investors yield for holding their assets in the system. He found it too good to be true. He investigated and discovered that the monetary system is called kinesis and very real.
He signed up for the kinesis system and exchange his assets for the kinesis coins. Now he's not bothered about paying any storage fees while he gets profits on his asset as a result of the economic activities in the kinesis system.
CONCLUSION
The kinesis monetary system is a shift from the traditional monetary system. It rewards through economic participation and gives liquid status to assets of stored value while at the same time granting value and stability to volatile and risky assets. This will cause a huge growth in the global economy, distribute wealth by granting access of unreachable markets to the common man and small investors and encourage mass adoption of cryptocurrencies in the global economy.
Visit any of the links below for more information and resources
kinesis2018
https://steemit.com/crypto/@originalworks/980-steem-sponsored-writing-contest-kinesis
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