Introduction
The history of the various financial systems have been one marked highs and lows, a technology is discovered, the world embraces and adopts it, over time, the demand becomes so much on that currency and then it fizzles out. Then a new technology is introduced, this new technology will promise to solve all the problems the previous one can’t solve and then, it gets massive adoption, and the same thing happens all over again. This circus may keep going on until the end of time if time hasn’t thought anything, at least it has taught us that nothing lasts forever, and there is nothing new under the Sun.
It is on this premise that Kinesis was founded, there is nothing new under the Sun and instead of trying to invent the new technology that will do better than the previous one, and let history repeat itself over again, the creative team behind Kinesis thought to themselves, how about we create a hybrid financial system that accommodates all the existing platforms, in so doing, we will have a stable, robust and strong currency that may last for a lifetime. And so the Kinesis Monetary System was birthed.
What is Kinesis
The existing financial systems of the world are greatly flawed, for example, the price cryptocurrencies is highly volatile, this will make investing in it very tricky and risky, also, there is no confidence in the cryptos for them to become a legal tender to transacting business, that is why many nations have banned the use of cryptocurrencies in the country. The banks are no different, they operate a debt based economy where the banks use the assets of its customers to trade and lend, without the consent of the account holder, and when the returns for this business deals come through, the banks withhold all the profit, without giving the account holder any penny as in form of yields.
The Kinesis Monetary Network hopes to solve these challenges by creating a financial platform that utilizes all the existing financial system modules, and add a bit of ingenuity and in so doing, create a more robust financial system that is stable, safe, fast, efficient and with a lot of incentives. Kinesis is building a universally acceptable asset-backed financial system, a system that is powered by cryptocurrency and blockchain technology. This commercial exchange will be secure, fast, efficient and users of this platform will have some many incentives to benefit from.
The Kinesis Monetary network is the successful harmonization of the old form of money, which is the Bullion (Gold and Silver), with the decentralized blockchain technology, and Kinesis has plans to also disrupt the Fiat market. Kinesis is creating an evolutionary financial and monetary system that in time will surpass the existing financial systems, and go on to become the biggest player in the space. It has the right tools to be able to successfully do this, as the active participation of the Kinesis Network amplifies the value of its tokens, which can be used as a store of value or as a medium of exchange. Minters and holders of the coin also earn a certain percentage of the transaction fees generated on the platform. The world needs a reliable and sustainable monetary system, the world needs Kinesis.
The Kinesis Monetary System
The network has a reward system in place in a bid to enhance the flow of capital around the system, this, in turn, will encourage economic and commercial activities around the system. And one of the key elements in this strategy is to incentivize the fast movement of money, which in turn will attract institutional investors due to the many benefits the platform promises. And also, the returns on investment, as well as the risk/return ratio. There is a 1:1 direct asset backing with physical precious stone, for every Kinesis token issued, this stabilizes the value of the token against the volatility of the market. Then there is the elaborate yield system that rewards users of the platform a share of the transaction fees earned on the platform.
The 3 Basic Kinesis elements
Gold (KAU) and Silver (KAG): Precious metal is widely known for its stable prices, and on the Kinesis Network, each currency is backed 1:1 with a physical bullion commodity. Bullion is a tried and trusted commodity to store value, and it is also used as a legal tender in transactions, both commercially or privately. So, holders of the Kinesis tokens, also own a portion of the bullion backing the value of the Kinesis token you own
Yield: Unlike the profits banks make in debt related interests as attributed to the fiat currency, Kinesis makes a recurrent profit from the activities on the platform. This return provides value via the Net Present Value (NPV) calculations, that is usable in commercial, institutional and retail investment
Blockchain Technology: The technology available via the blockchain presents an extra layer of strength to the storage value of this system. All three elements make the system a liquid, digital means of exchange backed by bullion assets.
Kinesis Market Entry
Kinesis has a strong case in making a real impact in the market it has set out to disrupt, having a realistic real-world application as a means of carrying out transactions both on a commercially, and private transactions.
Kinesis marketing strategy is to disrupt the following markets
Cryptocurrency markets
Bullion Market (silver and gold)
Investment markets
Fiat currency markets
Having a strong presence in these markets which is as a result of how the network is structured, this, in turn, translates to a secure, stable system. Participating in the Kinesis system comes with minimal risks, as well as recursive return on investment which traditional markets will find it difficult to compete with. In the Kinesis transactions actually help to increase the value of the network, which discourages the cryptocurrency mindset of always holding coins, with the hope it will increase in value.
Kinesis have a strong relationship with a partner in the bullion exchange business. Kinesis has found a strong partner in Allocated Bullion Exchange - ABX who are a leading platform that trades precious metals such as gold and silver on their platform. ABX, also just secured a partnership with Deutsche Borse Group, who has an understanding with European Commodity Clearing settlement services. These partnerships will be crucial in positioning Kinesis in a favourable point in achieving all its objectives.
Execution
There are two crucial coordinated activities that confirms the commencement and development of the Kinesis Monetary systems, and they are:
The Initial Token Offering (ITO)
The Kinesis designated token is known as KVT which stands for Kinesis Velocity Tokens, and it is an ERC 20 compatible utility coin. The main objective of this coin is in order to secure the needed capital to support the global Kinesis Monetary System. As mentioned earlier, certain percentages of the amount earned in transaction fees from the various facet of the network will be given to holders of the KVT tokens.
ITO Pre-sale of the KVT tokens are ongoing, and the public sale will commence on September 10, 2018, to November 11.
The Initial Coin Offering (ICO)
This will be the ICO sale of the Kinesis cryptocurrency, and this is the gold and silver 1:1 backed tokens. This is the first set of products from the Kinesis Currency Suite, the KAU (Silver-backed) and KAG (Gold-backed) coins belong to the Kinesis Blockchain Network. This set of coins powers every transaction across the Kinesis System.
The sale of the Kinesis currencies signals the production of KAU and KAG by creating and backing these coins with precious metals. The ICO start on November 12, 2018.
Challenges Kinesis is Fixing
The price volatility of cryptocurrency has greatly limited the market, making it not suitable for exchange, and unfit for the storage of value. But with the breakthrough, the blockchain has made as an alternative currency, Kinesis will be further exploring this realm of innovation
Create a more rewarding way of generating yields, which will be a much better improvement from the debt economy that banks operate on
Mitigate centralized banking
Solve the storage problem faced by fiat
Give smaller markets exposure by listing their physical assets for an exchange opportunity
Implement a system where bullion can generate good interests
Mitigate the fraud factor in asset-back securities
Provide a digital OTC over the counter for bullion exchanges
The Kinesis Monetary System
These are the various functional units of the Kinesis system. They all function as individual businesses with the group
Kinesis Currency Exchange (KCX): The wholesale market where the minting and manufacturing of the KVT happens, ABX helps out here
Kinesis Blockchain Network (KBN): The Kinesis suite of cryptocurrency was developed with this blockchain technology. on this platform, the KVT can be spent, sent, saved and traded.
KinesisBlockchain Exchange (KBE): On this platform, Kinesis can be traded with other tokens, it all can be done on this digital blockchain currency exchange
Kinesis Financial Network (KFN): This is remote mobile application where payments can be made with the use of the Kinesis currency
Kinesis Commercial Centre (KCC): Goods and services can be exchange here with Kinesis as the legal form of payment
Velocity Based Yields
Minter Yield
- This set of individual are entitled to a share of the transaction fees on the Kinesis token they create - forever. The more of this Kinesis tokens that are created, transacted, the more yield the minter receives
Holder Yield
As the name implies, they are holders of the coin, and they earn a passive share on the Kinesis platform for their own passive activities
Their earnings are strictly passive
Affiliate Yield
- They earn based on the number of referrals they bring to the currency suite
Depositors Yield
This earnings are activited on a user's first deposit in his Kinesis wallet
Depositors receive a share of the transaction fee forever
Conclusion
The Kinesis Monetary network is a revolutionary system that is gradually positioning itself to come a toword financial driver in the foreseeable future. The concept is both a masterstroke and audacious as well, as it is the attempt to do something that won't occur to the many. Fixing the volatility of the cryptocurrency space, as well as the storage challenges faced by the bullion and fiat markets. All this will be done using the strengths of this individual markets, while also complimenting the flaws of this market with the strength of the other market. So, at the end of the day, Kinesis is building a robust financial complementary system with the building blocks of all the existing systems.
The premise on which the project is founded on promises to be something different from what has been seen all through history. Creating a new kind of money that its usage and the activities of the users on the platform, increases the value of this money.
Annexes
Tokenomics
Roadmap
Team
More Information
Twitter Link
https://twitter.com/Aislemedia/status/1036790979993522177
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