Kinesis : The gateway to mainstream cryptocurrency adoption as a stable means of exchange and store of value
Introduction
Kinesis was designed to overcome the volatility limitations of cryptocurrencies as a reserve currency. What this implies is at Money Metals Exchange decides to use a $100 gold/silver investment from 1971 and convert the value into its worth today. When this metals are used exclusively as money, the exchange value of contemporary market would definitely increase. Silver and Gold options abound, whether you are interested in coins, bars, bullion or jewellery in retrospect but this has been long obsolete as banks and other legit institutions holds legal titles of their clients as they use this assets to accumulate income for themselves.
In 21st century people wants to invest their money in a safe and transparent platform. They want to keep their bullion in a safe place and it would be a great opportunity for them if they earn from their liabilities such as gold and silver . As in Asian countries like Pakistan and India, people used lock their bullion in a room without knowing that they can actually earn from it as well .Today with the help of @originalworks I am going to introduce you to a great platform named as Kinesis. Kinesis, an asset-backed financial system that works on a block chain technology and enable people to invest their money 1:1 ratio with physical assets like Gold and Silver. The important part of Kinesis is that it uses crypto currency that is not controlled by any governing body. It also enable the people to change their mindset of storing the Gold and silver.Kinesis is a great opportunity for the investor to invest their money to get great yield profit in return.
Full Benefits of the Kinesis Monetary System
√ Secured and fast transaction on the stellar blockchain in the range of nano seconds
√ Stable means of exchange, a case for commercial adoption of cryptocurrency
√ A viable store of value
√ An incentive-reward system for active and passive users
√ A means of entry into the bullion physical market
√ No cost accrued in saving your bullion assets in any of their 7 vaults around the world
√ Delivery of your bullion asset to your location is free of charge
√ As a digital OTC(Over the Counter) alternative for bullion exchange
√ A decentralized economy where the user has control of his assets.
The Asset-Backed currency problems
“Bad money drives out good”. This law (Gresham’s Law) affects crypto and asset-backed currencies. Holders of cryptos tend to hoard cryptos, and instead spend fiat currencies in day to day commercial activities. However, KINESIS incentivizes holders to spend crypto through a multifaceted rewards system which rewards based on participation and capital velocity.
Another problem of asset-backed currency is that, these assets are placed in banks, with no yield/returns gotten from them, yet, it costs to safeguard these assets. However, KINESIS gives yield/returns to these assets by giving multiple yields for different levels of participation.
Security is also a problem facing asset-backed currencies. However, KINESIS’ primary currencies are backed 1:1 with allocated physical gold and silver, which is the greatest stable and definable stores of value, and thus, security is assured.
VISION OF KINESIS
KINESIS aim to create a system that enhances money both as a store of value and a medium of exchange and encourages participation in the global economy through a rewarding system. KINESIS will strengthen free movement of money, assets, commerce and economic activity that will be rewarding to everyone equally that participates in the system
MISSION OF KINESIS
KINESIS envisage a world where there won't be huge discrepancies between various currencies as experienced in the current monetary system. KINESIS monetary system creates a system where its currency can be exhanged for something of equal value and benefit those that participates in the system. This will solve the global need for a sound and reliable money.
Use-Case
Jimbo is a crypto holder. However he hoards his crypto, hoping that the price would increase, so he sells them. However with KINESIS, he is incentivized to spend his crypto. Thus, he makes additional cool cash while enabling the use of crypto in day to day commercial activities.
CONCLUSION
After browsing the website, read the whitepaper that they have there and watch the youtube video that y leave you in the entry, I can say that this will be a monetary system that will improve the currencies in the world being secure, giving to each user rewards for using it, giving to us fast solutions to our needs. Becoming into an efficient exchange system also store of value. Although it is known that it is something difficult to achieve immediately while promoting economic activity, central planners want to maintain a low level of inflation (that there is no monetary devaluation). Using the Kinesis Monetary System we can be able to take the best store of value, gold, making this a means of intercavity through the innovative blockchain technology and cryptocurrencies, also stimulating the speed of money and economic activity in a multifaceted system that encourages the performance of its users (ie those who use this system). The creators have been professionals who have studied the market and technology meticulously to provide us with the best monetary system, currency market in an effective and strategic sequential manner.
For more information watch this short feature intro:
More Information & Resources:
Link to Tweet.
https://twitter.com/maisha84475635/status/1036700519606018048
"kinesistwitter"
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