KINESIS, old world money plus present world innovation to create a wonder!!!

in #originalworks6 years ago (edited)

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Inutroduction

In my article today I will discuss KINESIS, a project to combine the stability of ancient world money and the present day blockchain and cryptocurrencies to change the present day digital market to a more stable and easy to operate ecosystem.

The problem

With the introduction of bitcoin and cryptocurrency, all hopes were held up high as crypto came with the promise to provide a more secured, comfortable and faster means of trading and investing. But with time, with many cryptos being introduced, the problems of volatility arose, this digital currencies became too volatile in the market, this means they fluctuate so easily, become difficult to predict, hence most investors are scared to take dangerous risk.

KINESIS

KINESIS is an innovated blockchain project with the aim to change today's digital market to a less volatile ecosystem that successfully stores value borrowing methods from the ancient world combined with the blockchain technology of today. This is a reinvention of the wheel of the historic, a more efficient and effective asset backed financial system to give a more stable, secured and efficient financial ecosystem.

How is this possible (The KINESIS monetary system)

KINESIS is entirely an evolution of the blockchain technology into a platform that accepts the ancient Gold and silver standard of money and trade coupled with decentralized Record-keeping technology.

This achieved by obtaining a 1:1 backing ratio of each unit of its currency to Gold or silver, this is attached to a possessive yield system which allows trade on a platform where wealth is shared and generated by partakers of the economy.

The three primary units of KINESIS are:

  • Gold(KAU) and silver(KAG) backed kinesis tokens.

  • yield

  • Blockchain

  • KAU and KAG backed KINESIS tokens

Owners of this tokens own bullions by a worth determined by how many tokens are owned at a ratio of 1:1

  • Yield

This is an opposite of the credit feature in the legacy system, it is created everytime a user of the system spends

  • Blockchain

The blockchain technology allows users to alternatively have their bullions digitalized, this ensures their liquidity and usage as a medium of exchange. In the nearest future the platform intends to add fiat banknotes, other cryptocurrencies and other assets.

Markets to be initially Disrupted by KINESIS

KINESIS has it application integrating numerous assets, but originally the platform is aimed at disrupting four areas of the global market and these areas are:

  • Cryptocurrency and cryptoasset markets
  • Gold and Silver Markets
  • Fiat currency Markets
  • Investment asset Markets

What benefits does KINESIS present

  • The legacy form of operating this markets are highly risky, this inturn is a reversed case with the kinesis yield system which ensures that spending adds more I e " increases the net Value" of the exchanged assets.

  • Banks and value storage institutions make exploits on the assets of clients, since the legal titles of such users are bestowed on them, with KINESIS all titles are allocated directly to account owners, users are no longer faced with worries of political risk of their country.

  • KINESIS is also very trustworthy looking at their popular, disciplined and experienced partners. "ABX(Allocated Bullion Exchange) who are directly partnered with the Deutsche Borse Group which are directly related with the Europeans Commodity Clearing Settlement service"

Initial Token/Coin Offering

This two shouldn't be confused with each other, the KAU and KAG coin sale is an offering of crypto supported by 1:1 proportion by the Real bullions, there are the medium through which all transactions on the KINESIS platform are handled, sale is to begin November 12th, 2018.

Screenshot_2018-09-03-23-29-47.pngThe KVT (KINESIS Velocity Token) offering is the sale of KVT which is an ERC20 compatible utility token, this token is aimed at incentivizing the launching of KINESIS monetary system. Holders of this token earn a percentage collectively from the system.

KINESIS Goals

The KINESIS monetary system was designed to

  • Overcome the volatility
  • Deal with the challenges of the current cryptocurrencies
  • To stop Government Exploiting citizens by printing money and creating deficits.
  • Bring about a change in the present negative value of global bank account holdings
  • Eradicate the ideology centralized banking
  • Change the method of interaction of individuals with their Gold or silver assets
    *and many more... *

Strategy Execution

To execute the KINESIS strategy, the platform employs a third party system that verifies and audits all transactions, which is the ABX's quality Framework. This party have been known for the past five years to operate without blemish, also with the Deutsche Borse Group which is one of the biggest and most successful exchange groups around the globe.

Platform Technicalities

Here is a brief description of the technical build up of KINESIS

Currency suite

The team has made the stellar network their choice because of their higher scalability, speedy transaction completion and better security protocols and algorithms which facilitate quick and easier spendings on the KCC (KINESIS Commercial center). This is used to tie digital one gramm of 995 fineness of gold per KAU and 10g of silver per KAG with an inscribed serial number from refiner's stamp.

Yield System

Following the same steps of Tether which is backed by the USDollar and currently showing a very stable velocity in the crypto market, kinesis aims to stabilize the price of the KVT, users on the platform are Incentivized based on their activities and rates at which exchanges are made (which is the currency velocity), This inturn creates interest- based return from economic output, which is different from the continous currency devaluing Debt-financing.

Participants of the yield system

The following categories are rewarded based on their activities

  • Minter yield

Reward users who mint currency, yield is constant as coin is in use, velocity increases or more coin is minted

  • Holder Yield

A reward provided on every passive participation on the platform

  • Affiliate yield

Rewards users that have invited others to the platform.

  • Depositors yield

Depositors constantly receive yields ( a share of the transaction fees) on coins they bought and used

use case video

Roadmap

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Token information

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#Token allocation
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KVT&ICO Release Schedule

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Executive, operation, Development and advisors team

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For more information/resources:

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