Kinesis: Secure Monetary System, and just
With the evolution of blockchain, cryptocurrencies and mobile devices, participants in the global economy have been presented with a profound opportunity: a chance to apply ingenious creativity to money and to be part of an empowering peoplecentric revolution. Yet, despite this opportunity, current blockchain payment systems and their cryptocurrencies have suffered from severe price volatility, limiting their holder's desire to be used as a tender. This makes many of these mediums unsuitable for commercial exchange. The Kinesis.
Monetary System is specifically designed to overcome these drawbacks through the development of a universally adopted, decentralized, asset-backed monetary system. A monetary system that is efficient, secure, fair, and incentivizes commercial exchange. This system combines new world decentralized technology with the oldest, fairest, and most sustainable form of money, to empower and serve the interests of us all equally and capitalistically.
Kinesis, is seeking to create an “internationally fungible monetary system.” 1 This system will overturn people’s innate choice to hoard their cryptocurrencies, which they value over their conventional fiat currency and therefore do not want to relinquish.
Whenever money is brought into the Kinesis ecosystem via investment through token purchases, each unit of fiat currency is backed 1:1 with either gold or silver and is then attached to a proprietary yield system which promotes trading while creating a platform for sharing the wealth generated by the members of its economy.
Kinesis uses three core 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 DESIGN PHILOSOPHY
Kinesis was designed to:
· Overcome the volatility limitations of cryptocurrencies as a reserve currency
· Improve upon the storage of value limitations of fiat currencies
· Turnover the negative present value of worldwide bank account holdings
· End the habit of governments funding themselves via printing money and creating deficits
· Eliminate the philosophy of centralized banking
· Change the habit of people storing their gold, silver, cryptocurrency, etc. (“good money”)
· Attach interest yields to physical assets such as gold, silver, property, etc.
· Create a better yield system than that offered by the credit/borrowing networks
· Eliminate fraud and theft from asset-backed securities
· Provide an digital (OTC) Over-the-Counter alternative for bullion exchange markets
· Provide entry points for small markets to list their physical assets for exchange opportunities.
For more information, see this brief introduction to the function:
This writing was done by @sifontes for the contest of @originalworks, sponsored by Kinesis.
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