KINESIS: BUILDING A MONETARY SYSTEM IN THE BLOCKCHAIN

in #kinesis6 years ago (edited)

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INTRODUCTION

As a result of the introduction of the digital era , creation of blockchain, cryptocurrencies and mobile devices, members , participants of our global economy have been presented with an opportunity, a chance to apply ingenious creativity to money and to be part of an empowering and motivating change. Yet, despite this opportunity, current blockchain payment systems and their cryptocurrencies have suffered from severe price flunctuation and instability , limiting their holder’s desire to be used as legal tender. This makes many of these mediums unsuitable for commercial exchange.

The Kinesis Monetary System is specifically designed to overcome these all setbacks through the development of a widely acceptable, decentralized monetary system. A monetary system that is efficient, secure, fair, and incentivizes commercial exchange. This system brings together, modern day decentralized technology with the oldest, fairest, and most sustainable form of money, to empower and serve the interests of us all equally and in capital form.

THE KINESIS PROJECT EXPLAINED

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.
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COMPONENTS OF KINESIS

• Gold & Silver – Kinesis’ primary currencies are backed 1:1 with allocated physical gold & silver, the greatest stable and definable stores of value for use in commercial and private transactions and investment.

.Yield - A perpetually recurring yield generated from economic activity, not from debt-based interest like fiat currency. Provides definable value via Net Present Value (NPV) calculations for use in commercial, institutional and retail investment.

.Blockchain & Cryptocurrency Technology - Enhanced by asset-backed currency and multifaceted yield system.

APPLICATION OF KINESIS

This system provides people and businesses with perpetual recurring revenue that continues to build over time with currency use, simply just for creating and using the Kinesis currency. The yield is based on the velocity of the currency and derived from a perpetual share of transaction fees from the coins created in proportion to all coins in existence. The more currency minted and sent into the system by the Minter, the more value of currency will be moving through the system and the greaterthe recurring financial reward will be. This highly stimulates the use of the currency. In order to profit, capital only needs to be tied up for a relatively short period of time providing a unique revenue for generating opportunity to everyone with enough spare capital.

USE CASES OF KINESIS

: Businesses can pay their employees in Kinesis currencies and can also build an entirely new revenue stream that continues to grow larger and larger over time.

: Private and institutional participants/traders can circulate their capital and earn more as more Kinesis currency they minted travels through the system.

: Individual that want to set up businesses, can do so using kinesis currency as a medium of capital and payment.

:It also gives backing to crypto currency,Fiat currency and the likes.

KINESIS; OPENING THE BULLION MARKET TO REGULAR USERS

Wholesale bullion market participants currently trade over-the-counter (OTC) in the physical markets largely outside of the electronic environment either via phone, email, or in person. These systems are completely manual, problematic, inefficient and costly. Phone dealing desks are costly and involve manually booking a trade, placing a physical order with a supplier, and hedging the trade.Kinesis via its institutional integration with ABX and its operationally segregated wholesale contracts, which offer serial number and bar hallmark, provides an ideal solution for bi-lateral wholesale trading through the blockchain.

CONCLUSION

For money to be successful it must be:

  1. An efficient medium of exchange

  2. An effective store of value.

    However, it is very difficult to achieve both while promoting economic activity, So,central planners have decided to maintain a level of inflation, i.e a devaluation of currency.

Under the Kinesis Monetary System, we are able to take the greatest store of value, gold, make it an efficient medium of exchange using blockchain and cryptocurrency technology, then stimulate economic activity through a multifaced incentivizing yield system.

Kinesis is not abstract or theoretical, it has been meticulously planned. The majority of the ecosystem has been built with commercialization underway. Kinesis has been architected and engineered by exchange, market, banking, and technology professionals who have a deep understanding of what is required to build out and implement this monetary system and currency market in the most strategic and effective way. Furthermore, the distribution network is already extraordinarily powerful and prepared for action.

Thank you for reading!

The Team
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The Advisory Body
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Useful links

Kinesis Officials Website: https://kinesis.money/

Kinesis Whitepaper: https://kinesis.money/documents/translations/kinesis-whitepaper-en.pdf

Note: This is a contest articles orgsnised by @originalworks. You can find the post here: https://steemit.com/crypto/@originalworks/980-steem-sponsored-writing-contest-kinesis

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Very interesting! Thank you for sharing this information @nchiba

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