KINESIS- addressing the volatility and hoarding of cryptocurrency.

in #crypto6 years ago (edited)

Bullion is a bulk quantity of precious metal, such as gold, silver,measured by weight and typically cast as bars.
The simple aim of buying bullion is to buy when prices are low and sell when prices are high. However life and the markets are never simple or easy to predict and rhis is where Kinesis comes in.
WHAT IS KINESIS:
To my understanding Kinesis is a
blockchain platform which in a unique way duplicates the basic methods of historic, asset-backed financial system.
Some of this asset-backed financial system is the bullion investment.
Kinesis embraces and enhances the gold standard of money with decentralized record keeping and takes on the needs of value storage with respect to monetary system of our current day.
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How will the knowledge of ABX be translated into a successful execution for Kinesis?

Kinesis also has a strong partnership with Allocated Bullion Exchange, which in turn are associated with the Deutsche Borse Group, which are associated with the European Commodity Clearing settlement service. Kinesis is using the third-party audit and verification system of the ABX quality assurance framework. ABX has been working in the bullion wholesale market since 2013 and has an unblemished record of excellence. The Deutsche Borse Group is an additional partner that is one of the largest exchange groups in the world and could provide instant clientele for the Kinesis Monetary System
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The Kinesis wallet has been designed in-house with a very clean, easy to use interface. The Kinesis wallet was built to accommodate all the Kinesis currencies, making them easily accessible and convenient to manage in one place.

Transfer Kinesis to any other Kinesis account in the currency suite
Ability to name accounts, eliminating the need for lengthy account keys
Ability to save payees for repeated transfers or payments, making it a one-click process for future payments
An optional multi-signatory function to further secure transactions
A sign and verify feature to secure any Kinesis currency transfers between Kinesis wallet holders

What makes KINESIS UNIQUE?

VALUE
Gold has long been known as an incredible store of value. By basing Kinesis currencies to physical precious metals, you can benefit from price stability.

YIELD
Kinesis attaches a highly unique and rewarding multi-faceted yield system that is incomparable to anything available.

VELOCITY
The Kinesis suite of digital currencies have been developed for ongoing use in everyday life across the world.

KVT
A token which offers access to the Kinesis currency pre-ICO benefits and provides exposure to an aggregated 20% share across the network.

REFERRAL
Recruiters will receive a perpetual revenue share on all blockchain network transaction fees charged to the eWallets they recruit.

DEBIT CARD
The Kinesis suit of currencies can be spent in tangible purchases anywhere that offers payment through the use of a debit card.

Kinesis Monetary System

Kinesis runs as a system for executing commercial and economic activities.
It introduces its own currency, and encourages it use by promising rewards.

The Kinesis system is fashioned to encourage and influence the circulation of money which is a very attractive characteristic to encourage injection of money and capital into the system and ensure zero-existence of hoarding.

Every money that comes into the Kinesis system is through the purchase of tokens.
The fiat currency received, is allocated 1:1 asset backing of either gold or silver(based on its unit) and tagged with a system that accrues yield to specific owners (based on trading rather than debt-based interest offered by financial institutions)

The system further enhances its economy by encouraging exchanges and fair distribution of wealth amongst its members.

KINESIS MONETARY SYSTEM FEATURES AND COMPONENTS

Kinesis has the architectures for its digital operations:

Kinesis Currency Exchanges (KCX): A wholesale market where the currency is created and minted with the help of ABX

Kinesis Blockchain Network (KBN): The blockchain on which the suite of Kinesis tokens is built

Kinesis Blockchain Exchange (KBE): A blockchain digital currency exchange where the tokens representing physical assets can be traded

Kinesis Financial Network (KFN): A mobile banking system where the currencies can be used for savings, payments, remittances, and money movement; also includes Mastercard and Visa debit access

Kinesis Commercial Centre (KCC): An online aggregator platform of goods and service providers which accept Kinesis tokens (KAG and KAU) as a means of payment
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Use Case

Dave is a multi-million dollar businessman, who has investments in businesses whose tentacles cut across different sectors of the economy, but Dave is constantly a subject of theft and fraud and has clost substantial amounts to these vices.

Dave seeks a platform that guarantees safety of his investments and money and one that would ensure yields better than that which banks and financial houses promises.

He somehow gets to know about cryptocurrencies and the blockchain, but is also aware of the issue of volatility of the cryptocurrency and is unwilling to take the risk.

However he comes across the Kinesis
Monetary system that addresses the issues plaguing cryptocurrency and the blockchain.

Now he has invested and is reaping the massive benefits that is associated with being a participant in the Kinesis ecosystem.

For more information watch this short feature intro:

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