KINESIS
Kinesis is a company whose vision it is to bring a new monetary system into the world. Kinesis wants to combine gold and silver with blockchain technology. Kinesis’ currencies are called K-coins and are 1:1 backed by gold and silver.
The K-coin, which is backed by gold is called the KAU, and the K-coin which is backed by silver is called KAG. Each KAU is backed by 1 gram of fine gold. This bullion is stored in one of the 6 vaults by ABX.
IMPORTANT: Buying 1 KAU means you buy 1 gram of gold, this gold is then yours, stored by Kinesis, but not owned by Kinesis!
As soon as Kinesis is up and running, you will be able to buy products and services with a Kinesis debit card. With this debit card you will be able to buy products/serveses with K-coins. Depending on the Merchant you will be paying with K-coins or Fiat. The K-coins will be automatically converted to fiat. There won’t be a 3rd party involved (like a bank) because all the payments will run on a blockchain network.
Benefits of Kinesis:
- You have the security of the blockchain network.
- No 3rd party is involved.
- Gold is, historically, a very stable currency.
- Kinesis will store the gold/silver for you in one of their 6 vaults without charging money.
- The more people using the system, the higher the yield for eacch individual.
- When participating with Kinesis you can receive the yield in multiple ways: As a recruiter, a minter, a depositor and a holder.
For more information I would highly recommend to check out the official Kinesis website: https://kinesis.money
