In 1914, nations began to maintain their reserves in form of foreign exchange which was later used as means of payment internationally. Following the arising needs due to first World War, countries started printing FIAT money without the support of gold standard monetary system. Fiat money is a money that based on confidence or faith of a promise payment that is not backed by the precious metal gold.
This is why the led team of THOMAS COUGHLIN introduce the of inventing a decentralized blockchain that will be backed by gold standard of monetary system this was why they introduces KINESIS.
##WHAT IS KINESIS
Its an evolutionary money system available in the world which enhances money as both store of values and a medium of exchange, it is been developed for the benefit of all, with perpetual incentives. Kinesis embraces and enhances gold standard of money with decentralized record keeping.
KINESIS MONETARY SYSTEM
Kinesis contains perpetual incentives that stimulates monetary velocity, money is brought into its ecosystem through investment, through Token purchases and it’s unit is backed by 1:1 with either gold or silver and it is attached to a proprietary yield system.
Kinesis uses three core assets namely
• Gold and silver backed kinesis tokens
• Yield in kinesis system which is gotten through spending as opposed to credit in legacy system
• Blockchain which is a layer added to reinforce the storage of values
KINESIS MONETARY FEATURES AND COMPONENT
• KINESIS CURRENCY EXCHANGES (KCX) : This is a wholesale market where currency is created and minted with the help of ABX.
• KINESIS BLOCKCHAIN NETWORK (KBN) : This is a blockchain whereby suite of kinesis are built.
• KINESIS BLOCKCHAIN EXCHANGE (KBE): It’s a blockchain digital currency exchange where tokens physical assets can be traded.
• KINESIS FINANCIAL NETWORK (KFN) : A mobile banking system whereby currency can be used for serving, payment, remittance and money transactions
• KINESIS COMERCIAL CENTER(KCC): it’s an online aggregator platforms of service providers which recent kinesis tokens for a mean of payment
KINESIS MARKET ENTRY STRATEGY
There are four areas whereby kinesis is seeking to be initially disrupted, this are:
• Cryptocurrency market
• Gold and silver market
• Fiat currency market
• Investment asset market
KINESIS INITIAL TOKEN OFFERING (ITO)
Kinesis velocity token (KVT) : is an ERC20 compatible utility token and this will help the launching process of kinesis, and kvt makes its earnings through percentage of transactions fees from business operators within the system.
KINESIS INITIAL COIN OFFERING (ICO)
The KAU and KAG coin offering is a transaction of cryptocurrencies backed 1:1 by gold and silver bullion. Kinesis ico is set to begin on November 12, 2018.
KINESIS AS A SOLUTION
• It is designed to overcome volatility limitations of cryptocurrencies as a reserve currency.
• It is designed to improve the storage of value limitations of fiat currency.
• It is designed to end the habit of government funding themselves through creating deficit and printing money
• It’s design to eliminate the philosophy of centralized banking
• It is designed to change the habit of gold, silver and cryptocurrency storage
• It is designed to attached incentives to physical assets
• It is designed to produce better yield system than that offered by borrowing /credit networks.
HOW DOES KINESIS WORKS
It uses it’s rhird-party auditing and verification system of ABX’s quality assurance framework because of the unblemished of ABX excellence and The Deutsche borderlands group will provide instant clientele for the kinesis monetary system.
KINESIS CURRENCY SUITES
Interms of speed and security kinesis team chooses the stellar Network for a high speed transactions and increase security of protocol to facilitate unnecessary expenses.
VELOCITY BASED YIELD SYSTEM
Kinesis users are financially rewarded through the creation of interest based returns from economic output as opposed to debt financing
YIELD SYSTEM PARTICIPANTS
• MINTER YIELD: here that create their currency in primary and always it secondary market are highly rewarded. The more coins created the higher the reason received and minters receives a proportional shares of the transaction fees as they yield for ever.
• HOLDERS YIELD: Rewards gotten as a result of passive participation in kinesis currency while holding the currency
• AFFILIATE YIELD : Rewards to users that refers new users
• DEPOSITOR YIELD: rewards to users that make direct initial deposit into kinesis wallets.
USED CASE
John as one of the cryptocurrencies investor was looking for where to buy billions. As one that holds properties across numerous stock has had issues of
• Where to buy
• Where to store
• Limited liquidity
• Logistcal nightmare
Now that his friend Samuel introduces him to kinesis, John is happy because kinesis is the only solution to his problem.
KINESIS ROADMAP AND TIMELINE
KINESIS INTELLIGENT TEAM
THE EXECUTIVE TEAM
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HERE IS MY TWITTER ENTRY https://twitter.com/Sylvest95394566/status/1036723345532837888?s=20
- Sylvest95394566
https://twitter.com/Sylvest95394566/status/1036723345532837888?s=20
- Sylvest95394566Kinesis2018