Introducing the current monetary situation and problems
After every acquisition of wealth, comes one paramount need which is how best to secure, invest or store it in such a way that it will retain value, incur interest or profit overtime.
Inorder to ensure safety, options like banking or investing in physical properties, assets or precious gems/metals are always sought for. However, the economic and political factors of the worlds governments greatly affect and determine the final value and demand of these treasures.
So also does traditional banking institutions incorporate one's deposited assets into various risk-taking investments. The profits accrued from such transactions are mostly taken by the financial firms. But remember, you were the owner and provider of the principal product.
Looking into the Fiat currency itself, it's centralization has generated several devaluations and inflations making it not a better option to only rely on.
In the area of purchasing precious metals like Gold and silver, one has to face the local market whose client-base and currency are limited. Again there are lots of intermediaries which greatly affect the final price and availability of these metals.
Not to mention that there's the possibility of purchasing fake gold etc or be scammed. Risks, in its direct conventional handling, include theft or waylay of clients/traders.
Moreso, the trades that occur Over the Counter (OTC) of these assets mostly take place through the wholesale bullion market whose mode of trading and exchange is manual, error-filled, time consuming, costly, slow and dependant.
In the area of cryptocurrencies investment, some projects do not have MVP or a solid evolutional product/services. How then can you utilize it as a form of payment options? This makes their ICOs lag and eventually everything gets crashed, making investors lose their hard earned money. Similarly, other cryptocurrencies are so erratic that investors lose out while trading/storing them. This in turn affects total expenditure and a Country's standard of living, GDP and the economy in general.
Now please tell me if you were to go through all these, will you squash your money so easily?
All these and many more bothers people and makes investors hesitate in what and to what their money should lie in.
Introducing Kinesis Monetary System: the solution
Inorder to ensure that payment is seamingless, currencies should be stable and less volatile. "This makes money go round". And Kinesis aims to do this by:
Providing a wholesale market through Allocated Bullion Exchange (ABX) capable of creating and minting currencies. KCX
Acting as a secure decentralised currencies trading/exchange and liquidation. KBE
Providing the platform upon which Kinesis group of currencies can be saved, exchanged, spent or traded. KBN
Enabling mobile banking system with debit cards KFN
Assembling merchants and their products & services for commercial activities. KCC
Kinesis Currency Exchange KCX
Kinesis Blockchain Network KBN
Kinesis Commercial Center KCC
Kinesis Financial Network KFN
Kinesis Blockchain Exchange KBE
This is to say that Kinesis monetary system is made up of five distinct sections that works individually but collectively to provide a dynamic and revolutionary ecosystem.
Incorporating assets and currencies like EUR, JPY, GBP & CHF, others like TBA, gold and silver are all utilized for transactions and payment within the network.
There are several rewards and incentives one can acquire in Kinesis platform eg Rewards for Minters
Rewards for Tokenholders
Rewards for Referrals/affiliates
Rewards for Investors/depositors
YouTube Kinesis introduction video
The areas Kinesis aims to improve are
Investment market
Gold & Silver market
Cryptocurrency market &
Fiat market
Kinesis Monetary system is backed up by Kinesis Velocity Tokens (KVT) which is utility and ERC20 based, attracting a 20% share as its token rewards. This percentage is gotten from all transactions performed in the platform. One KVT is pegged at $1000.
Other Kinesis currencies KAV & KAG for gold and silver attracts 1:1 ratio of tokenholder incentives.
Kinesis have a less volatile currencies because it utilizes the yield system which ensures that the Net Present Value of assets being exchanged is also greatly increased.
Use Cases
Mrs Gozie is a blacksmith's daughter but later got married to a teacher. Inorder to support her family (hus & three kids) she decided to start supplying gold to her father's friends and customers. Her dad is now late and never trained his girls in his profession. However she was determined.
But she encountered three problems. How will she know the high karat gold when she sees so many of its look-alike? Oh! She will have to pay for testing before buying.
How about settling the Mallams' errandboy who delivers it to her?
Finally being a woman, how will she ensure that her marketers does not elope with her money or deny their prices tag?
She was about giving up on the business before she heard of Kinesis platform. She was skeptical about it but her friends husband confirmed their worth by explaining that he has been operating with ABX market for long without any problems. Meaning that Kinesis will be the perfect "bustop" since its got both ABX, the Government, mobile banking firm and more.
And with that, Mrs Dozie signed up for an account, placed orders and the rest is history. Today she has built choice houses all over the town and her kids are in the best schools. They all go on vacation trips!
In conclusion, Kinesis aims to solve the issues of security (theft, fraud, addictions etc) involved in buying assets-based currencies. It will also solve the the interference of intermediaries, thereby saving cost through blockchain.
The area of decentralisation will encourage and enable traders/investors reach a larger international clientele. This will be fostered by ABX bullion exchange markets.
PARTNERSHIP & TEAM
Kinesis monetary system's CEO and team are made up of very skilled veterans from various parts of the world. So also are their advisory board.
Kinesis has the support of ABX Global, a very reputable bullion exchange for years now. Partnering with bigger "Fishes" like Deutsche Borse group, PT POS Indonesia, other mobile banking firms.
This is an entry to a contest organized by @Originalworks with more details here
https://steemit.com/crypto/@originalworks/980-steem-sponsored-writing-contest-kinesis
For more information about Kinesis, check out the website, whitepaper, telegram and medium URLs.
https://kinesis.money/en/kinesis-etheralabs/
https://kinesis.money/documents/translations/kinesis-whitepaper-en.pdf?r=01578
https://t.me/kinesismoney
https://medium.com/@kinesis/
https://twitter.com/Iromuanyaprisca/status/1036643148796231680?s=20
- Iromuanyaprisca
Kinesistwitter