The world of cryptocurrencies has been growing steadily giving people the opportunity to interact commercially in places and with people they never thought they could before, opening a great opportunity for all types of commercial transactions, and new innovative business opportunities that were previously unthinkable, however due to the rapidity that this system has been implemented, problems have yet to be overcome, the Kinesis monetary system emerges as an alternative to face the new challenges presented by the use of this new technology using a monetary system universally Adopted, decentralized and backed by assets, this system uses the best of the new technology based on blockchaing and old capitalization systems to ensure better performance of its assets and commercial transactions. This brief review will explain the vision and philosophy of the monetary system of Kinesis, as a useful and reliable platform to ensure monetary transactions in an adequate manner and backed by tangible assets.
Vision
"The vision for Kinesis is to deliver an evolutionary step beyond any monetary system available in the world today. A system that through participation, enhances money as both a store of value and as a medium of exchange, for the benefit of all. Much the same as our sun unconditionally delivers an indiscriminate share of energy to planet Earth that stimulates life, we see Kinesis as a comparative energy system to stimulate the movement of money, assets, commerce, and economic activity in a fair, honest, and rewarding process"
Mission
"The mission of the Kinesis monetary system is to deliver an internationally fungible monetary system, designed to give back to those who participate, and thus, create a solution for the global need for sound, reliable money. It is understood that for sound money to be a successful global transaction currency against legal tender currencies, Sir Thomas Gresham’s economic principle that “bad money drives out good” must be defeated. This is an observation of human behaviour and money where people who value one currency over another will hold onto and hoard the more valued tender, while spending the currency they value less. Similarly, given cryptocurrency market volatility, it is often a crypto-holder’s view that their crypto-assets will rise in value or that they must hold on to them to wait for prices to recover. As a result, there is no incentive for that token to be used as a medium of exchange, thus promoting hoarding behaviour."
What is the Kinesis monetary system?
Kinesis, is a currency that aims to change the way in which world trade moves, stimulates the movement of its financial capital, basically in an active crypto with support in precious metals that provide stability by taking care of investors of the characteristic volatility of the usual cryptocurrencies, the Kinesis currency will be coming to market in November 2018 representing a new KAU and KAG currency type backed by precious metals in a ratio of 1: 1 a gram of gold equals 1 KAU and 10 grams of silver a 1 KAG, this crypto currency is designed to be used on the street in the real world for them to develop simple ways of handling the currency.
The Kinesis ewallet was designed with a very useful and easy to use interface in a practical way by all users even those who are not familiar with this type of technology providing the following commands
• The possibility of transferring to any other Kinesis account in the currency option.
• Be able to assign names to accounts avoiding the need to use encrypted cables.
• Possibility to save the accounts in the client's history, which makes it possible to make future transfers to users already registered in your account with just one click.
• Function to sign and verify any transfer of Kinesis coins between holders of Kinesis electronic wallets
Precious metals represent a very stable reserve of value from ancient times to the present, protecting your investment from the volatility of the usual cryptocurrency market.
By anchoring your currency in highly stable precious metals that usually always close up as gold and silver represents a great return on your money, usually gold always either remains stable or goes up in time
Advantages can be received up to 20% in the rates of the Kinesis system, being able to obtain an intrinsic value of the value of the token, the number of KVT will be of a maximum of 300,000 units
There is a referral program aimed at the growth of the platform and the use of currency, with an incentive ranging from small lifetime participations in all fees on transactions charged to eWallets that everyone can recruit
You have the possibility of obtaining a debit card for purchases in all parts of the world in a decentralized manner, regardless of the type of currency of the country in which you are located.
How will the knowledge of ABX be translated into a successful execution for Kinesis?
"Unlike energy or commodity space, the producers of precious metals (suppliers) do not have a pre-existing way of entering directly into the wholesale market. There are challenging barriers for the entry of final consumers (jewelers, manufacturers and investors) to directly access the wholesale market. The physical trade flow of bullion usually goes through a series of intermediaries.
ABX provides this facility to allow suppliers to act as liquidity providers and access our exchange directly and sell metal at the "Offer" price. Currently, producers must sell to an intermediary and reach their "Offer", which decreases their income materially. As the vast majority of producers sell at the moment, this is a compelling proposition for them. In addition, ABX integrates the physical trading cycle, allowing final consumers to directly access the exchange. By changing the dynamics of the physical price maker and the policyholder, we affirm that we will change the price discovery dynamics of the precious metals market. We also affirm that by bringing the producers directly to our platform, we will bring the rest of the industry to our market. "
Kinesis currencies based on the 1: 1 system will have the following backup and payment currencies Physical gold, Physical gold and silver bars, Physical notes: EUR, JPY, GBP and CHF, Digital currencies: TBA
Serves as a mobile banking system?
The KFN system will give the opportunity to use a mobile system in which the Kinesis currencies with the incorporation of this KFN system serves as a mobile banking system where the Kinesis coins can be used for savings or payments, remittances and money movement, This platform can be moved in real time, it will work as a mobile payment platform, which can be used in any currency of your choice, which adds a great capacity to control your commercial and financial movements, includes a virtual savings account in what users can earn interest on all funds charged, along with this possibility is an integrated debit card that can be used anywhere Visa / Mastercard is accepted which will allow users to withdraw funds at any ATM of their preference when they so require.
What are the incentive yields based on the initial investment?
Harvest yield
Kinesis aims to attract capital and then set it in motion while it is incentivized through partial gains while it is sent, spent and sold in this currency, it is rewarded to the users that invest in the primary currency and then use the Kinesis secondary currency in the market of blockchain
Owner's performance
Passive performance is granted on the use and safekeeping of your money, users benefit from economic activity while keeping their money in circulation
Affiliate performance
There will be access to rewards to users or institutions that attract more investors to the system and thus encourage participation in the ecosystem of kinesis
Depositors' performance
This system prioritizes the incentive to the depositors at the beginning, the users receive a part of the rates with performance in the kinesis currencies that they bought and then used, the higher the initial investment, the higher the yield
Security?
"Kinesis are backed 1: 1 with assigned physical gold and silver, the largest stable and definable value deposits for use in commercial and private transactions and investments. Kinesis uses the third-party multilayer audit and verification system of the ABX quality assurance framework. ABX is a global exchange of bullion wholesale that has been operating without defects since 2013 and has major physical intermediaries and merchants around the world who trust their systems. In addition, there are large partnerships with groups such as Deutsche Borse Group, one of the largest exchange groups in the world, government-owned postal systems, such as PT Pos Indonesia, as well as large banks and established mobile vaults."
now a video that clarifies many doubts, you can see more information about the channel Kinesis Money
conclusion
The Kinesis currency has been planned to be a cryptocurrency backed by real assets that provides sufficient confidence to be used in the real world as if it were a traditional currency, but totally decentralized from banking entities, guaranteeing an efficient exchange medium and a economic transaction element with value, with the advantage that the characteristic volatility of the usual cryptocurrencies will not be subject and using the blockchain system which every time more is being used by all the investors of the world and accepted by all the big exchange trades of the world and is projected to be used extensively in the immediate future, Kinesis gives you the assurance that your investment will be safe from possible devaluations due to its backing in precious metals that historically have been very stable.
This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
You can also follow @contestbot to be notified of future contests!