The Blockchain system is a public and distributed database in which all transactions are recorded. It is a public accounting that works through a distributed network of computers, that is, it does not require any central authority or third parties to act as intermediaries. What gives us broad security, works just like a ledger but in this case the notes are public and decentralized. Blockchain consists of a chain of blocks designed exclusively to avoid their alteration once the data has been published. In this sense, Kinesis, is a new blockchain project that, in a practical and simple sense, reinvents the wheel of the historical financial system backed by assets.
Kinesis, is a profitable digital currency with a 1: 1 ratio with assigned physical gold and silver. The vision of Kinesis is to take one more step in the evolution that exceeds all the monetary and banking systems available today. And seeks to create an "internationally fungible monetary system". This system will nullify the innate option of people accumulating their cryptocurrencies, which they value on their conventional fiduciary currency and therefore do not want to give up.
Kinesis uses three main assets in this system:
-Gold (KAU) and Silver (KAG) backed Kinesis tokens; owners of the tokens are owners of the bullion
-Yield – the yield in the Kinesis system is created through spending as opposed to credit (borrowing) in the legacy system
-Blockchain – an additional layer to reinforce the storage of value which is already a hallmark of gold and silver, whilst also making the two assets liquid through digital means (enhancing their use as a medium of exchange)
Kinesis is seeking to add fiat banknotes, alternative cryptocurrencies, and other assets which are physically secured and digitally stored in their banking and asset management system.
Kinesis has a realistic market entry strategy. The four areas that Kinesis tries to interrupt initially are:
-Cryptocurrency markets
-Gold and silver markets
-Fiat currency markets
-Investment assets markets
Due to the performance system that Kinesis has developed, participation in these four markets through the Kinesis protocol is intrinsically less risky than its traditional counterparts. This is because the expense increases the Net Present Value of the assets that are exchanged.
In addition, banks and other institutions have legal titles for their clients' assets, since they use these assets to accumulate their own wealth. Kinesis assigns the title directly to the owner of the accounts in his network. This has implicit benefits for concerns such as the political risk of a country.
Kinesis ITO.
The Kinesis Velocity Token (KVT) is an ERC20 compatible utility token. This token will be used to increase the capital needed to launch the Kinesis Monetary System. KVT holders collectively earn a percentage of the transaction fees of commercial operators within the system.
The ITO is currently in pre-sale with the public sale launched on September 10, 2018 until November 11, 2018.
Kinesis ICO.
It should not be confused with the offer of KVT tokens (ITO), the offer of KAU and KAG coins is a sale of cryptocurrencies supported 1: 1 respectively by gold and silver bullion.
The Kinesis ICO is scheduled to begin on November 12, 2018
The great advantage of investing with Kinesis:
In the first place it is not controlled by governing entities,
They are naturally anti-inflationary and grant the user exclusive access to funds,
It is protected by the inherent security provided by the blockchain,
You can use or maintain the ingots the way you want depending on the type of performance strategy that the user wants to apply.
For more information, see this brief introduction to the function:
This writing was done by @nancyka for the @originalworks contest sponsored by Kinesis.
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