KINESIS : A STABLE CURRENCY FOR DAY TO DAY ASSET TRANSACTIONS
INTRODUCTION
Every individual with a currency desires to be able to use it for his everyday transactions without fear of volatility or value loss. That often hasn't been the case with cryptocurrency since its inception. Mass adoption has been an issue due to the volatility and instability. For one to be able to use a currency for any particular transaction, he has to know that when it is time to execute it, that his currency will hold the same value to the economic market. Cryptos are usually not in the stable currency category, hence the hesitation of financial institutions to buy into the crypto market. The model of decentralization of the blockchain is unique and solves a whole lot of issues and limitations of the centralized model but it's shortcomings are a blot to what would be a beneficial digital future.
Fiat Limitations
The fiat currency that is hugely backed by financial institutions are no better than their crypto digital counterparts. The poor policies of the developed countries to keep minting more fiat without tangible back up economic policies have kept most of them in debt with finacial giants like world bank and inflated the economy signifucantly and this affects the common man adversely.
Asset Related Limitations
On another note, most crypto buyers do not really deem it right to abandon the fiat mode of transaction to embrace the digital comfort that cryptocurrency offers them. Majority of them, I myself included prefer the warm condor of having cryptocurrency in our portfolios but do not use them for daily transactions as it should be in a normal economic ecosystem. This does not help the crypto market adoptability in any way at all.
Issues with value assets are also a part of the entire problems with the financial system. Physical value assets like precious stones do nit have some much valued yield when compared to bank deposits with high interest potentials. This results in deposited having to pay over the bills for their security which is not a fair economic outcome for these owners.
Finally, security is always a huge deciding factor when investing with cryptocurrency and other digital assets. Cases of fraud and hack attacks are on the rise and leads to losses in billions of dollars for investors as no one wants to invest in a venture where he will lose money. Therefore security issue remains a torn in flesh of investors.
The KINESIS platform was developed to take care of this limitations with a general and efficient way of managing asset based monetary operations. In order to fully comprehend things the KINESIS way, let's take a look at their digital makeup.
THE KINESIS SOLUTION
The KINESIS model was developed to revolutionize the way we value assets. It proposes a way of monetizing our assets in a manner that users leverages the stability of the blockchain to get a more stable financial system that is backed by physical value assets like silver and gold. The main component of this economy system is the reward for the faster movement of money. KINESIS uses a 1:1 ratio to back up the allocated assets and then making sure that a yield generated to improve better exchange and profit sharing of the system.
The KINESIS network is in genres namely:
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Gold and Silver : The two of the most valued physical assets are being assigned with a ratio of 1:1 which is allocated to them to enhance their usage in private or commercial transaction operations. This allocation ensures that the full value of the KAU and KAG are backed 1:1 and the owner is in charge of the secured operation.
Yield : A much better yield is gotten from the entire economic operations unlike it is done in fiat based transactions. The carefully calculated value is gotten through their Net Present Value permutations.
Blockchain and Crypto Secure Technology : The whole process is then enhanced by the decentralized manner of the blockchain to get a much better yield system through the asset backed currency.
KINESIS Unique Partnership With Allocated Bullion Exchange(ABX)
The KINESIS exchange is powered up by a unique partnership with ABX, one of the world's top electronic exchange that deals in precious metals exchange. The exchange has been in operation for a while since 2013 and has been storing billions of physical assets across the globe aided by the relationship of clearing companies like European Commodity Clearing, ECC. This ensures an efficient and brisk Bullion and vaulting operation.
THE KINESIS COMPONENTS FOR A MONETARY SYSTEM
The KINESIS model involves several components which will be briefly discussed below.
KINESIS Currency Exchange
This is a platform where both currencies of the platform are minted and liquidated. The operation is nit without the backing of centrally legalized exchange that have experience in the trading market and is part of the ABC ecosystem.
KINESIS Blockchain Network(KBN)
This platform facilitates the operations of the blockchain backed KINESIS network. All the transctions of the platform are executed using this mechanism. The coins of the platform is fused into the part of the KBN network.
KINESIS Blockchain Exchange (KBE)
This acts as a digital currency of the KINESIS system that facilitates its interoperability with other cryptocurrencies in trading operations. It ensures a brisk liquidity of the entire platform.
KINESIS Financial Network (KFN)
This serves as the mobile wallet for the platform for savings, transactions and transfer operations of money. The facility is equipped with a master card and debit card that can allow usability of KINESIS tokens on a global scale.
KINESIS Commercial Center(KCC)
This is an online platform that aggregates the several goods and services for the means of aiding the smooth usage of KINESIS payment option for all of them.
Furthermore the KINESIS platform will be armed with a digital bank that will be used to all the digital assets of the ecosystem. It's used is to properly manage the funds using a friendly user interface that is relatable. The model is described below.
KINESIS Currency Suite
This was developed from the resulting fork of the Stellar blockchain to fuse into the KINESIS network. This helps the scalability of the platform to perform larger transaction verifications and high security like its offered in centralized fiat payment systems. It also features and improvement code that can allow other innovative ideas to be inculcated into the KINESIS monetary system.
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Gold Currency (KAU)
Offers a token for the contract 1g of fine Gold which consists of gold bars possessing minimum fineness of 995 bearing an identification serial certified by ABX.
Silver Currency (KAG)
Offers a token for the contract of 10g of fine silver which consists of silver bars possessing minimum fineness of 999 bearing an identification serial certified by ABX.
KINESIS Wholesale Currency Specifications
Gold Wholesale Currency (GWC)
Offering a token for the contract of 1kg of fine gold which consists of gold bars possessing minimum fineness of 9999 bearing an identification serial certified by ABX.
Silver Wholesale Contract
Offering a token for the contract of 1000 Troy ounces of fine silver which consists of silver bars possessing minimum fineness of 999 bearing an identification serial certified by ABX.
KINETIC ECONOMY FRAMEWORK
The Minters
KINESIS Minters are the participating investors in their currency which can either be KAU or KAG and are part of the the KCX wholesale market which can be spent or expended on the KINESIS Blockchain Network. The Minters are allowed yield per their participation in the process.
The Depositors
These group of people are involved in the trading process using the KINESIS Currency in exchange for fiat and other cryptocurrencies. They get yield on their first deposit and purchase making using of their wallet in the KFN when expenditures are made. The yield is dependent on the currency velocity and is gotten from a category share of KINESIS based transaction fees credited to the depositor for his won part in platform operations.
The Holders
Thus set is made up of buyers of the KAU and KAG. Their own usage is nit based on transactions but in storage for future values and they get yield on their relative possession of KINESIS Currency in their wallets. The yield is also based on the currency velocity and is gotten from a category share of KINESIS Blockchain Network based transaction fees which are calculated and awarded to their wallets.
The Affiliates
This is more or less like a reward for a reach out programme from users to members of their community to join the platform. The affiliates will get a revenue from the categorized percentage of transaction fees of the new members they recruit. This encourages users to get their families and friends onboard the platform and earn incentives while doing so.
The KINESIS Velocity Token and ITO
The KINESIS Velocity Token features a utility token that earns all transaction fees made from the KINESIS Blockchain Monetary system transactions. It's an ERC-20 compliance token based on the Ethereum network and hence requires an ERC-20 wallet.
The holders of this KVT receives 20% of all transaction fees connected with the KINESIS currencies and a further 20% in commissions from the KCC. The price goes for a whooping $1000. Presales of the tokens offers a discount up to 2.5% of the price till the September 9th, 2018 date. A maximum of 300,000 tokens will be distributed during the sales.
Use Cases of KINESIS
Case 1
Trasco Nigeria Limited is an import company that deals in heavy duty vehicle manufacturing in Nigeria. Usually, they buy their heavy duty vehicle machine engine in bullions while importing from Germany. But recently, with inflation in Nigeria and adverse government fiat policies, Trasco was experiencing lots of issues with the transport and safe delivery and added storage of their much valued Mitsubishi engines to power their heavy duty vehicles. Trasco was about closing up their Nigerian branch entirely when an employee of the company introduced them to KINESIS. Through KINESIS, Trasco was able to leverage its power of the blockchain to secure his billions effectively and without government interference through European Clearing Commission and KINESIS' ABX. Today, Trasco are the top heavy duty vehicle manufacturer in Nigeria through the help of KINESIS.
Case 2
Chuks is an investor who likes making profits and has been looking for a platform to maximize his profits. He then hears about KINESIS and decides to invest as a Holder of a bar of Gold(KAU) in the KINESIS Blockchain Network and yield profits through their transction fee reward calculated for holders. Chuks continues to invest more on KINESIS and recently acquired a bar of Silver.
THE KINESIS TEAM
CONCLUSION
Every digital asset owner deserves the right to a fluid and efficient asset monetary system that is devoid of all the deficiencies of an error prone centralized system. The blockchain technology has already given us an umbrella to shield ourselves from obscurity, KINESIS is that last piece of the puzzle to cure our asset based financial model. Thanks for reading.
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For More information please Visit
- KINESIS Website
- KINESIS Whitepaper
- KINESIS Onepager
- KINESIS YouTube
- KINESIS Telegram
- KINESIS linkedin
- KINESIS Github
- KINESIS Steemit
- KINESIS BitcoinTalk
- KINESIS Medium
- KINESIS Twitter
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