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📣 Kinesis ICO review / KVT (KAU and KAG) tokens overview 📣
What is Kinesis project about? Kinesis ICO overview
Okay, let’s see how the Kinesis team lays out their ideas.
To sum up the info provided on their official website, we’ll just say that Kinesis is being designed as another global currency or a monetary system as they put it. And the emphasis is on the currency being a store of value and a medium of exchange. This is achieved by basing the Kinesis currencies 1:1 on directly allocated physical gold and silver.
So basically the team offers a solution to the volatility problem by introducing an asset-backed digital currency combining blockchain technology with two of the greatest stable and definable
stores of value: gold and silver. And then you might be wondering, why not just go for actual gold and silver instead? Well, the developers plan on making their system give yield to these precious metals, incentivizing their use.
There are a number of ways to receive your share for participating in the Kinesis ecosystem as a minter, depositor, holder or recruiter. You can learn more about this by pausing the video and reading the text on your screen.
#2 What market is Kinesis platform about to enter?
The concept of backing a blockchain-based currency with precious metals has been implemented before. In fact, there is a literal gold rush happening now in the crypto world, and even countries
are looking to issue their own gold-based cryptocurrency. There are quite a few projects currently working on resurrecting the gold standard in our digital era. Airgead, Egold, GoldVein,
Darico and AURUM X are among Kinesis chief competitors to name just a few.
#3 All about the tokens: KVT, KAU and KAG
Kinesis ICO has a ticker KVT. Kinesis platform has two primary currencies – KAU and KAG. And according to the official website,
their holders are entitled to the actual gold and silver bars that must be stored in some kind of vault. We haven’t dug up much on their location.
Tom Coughlin, CEO of Kinesis said in an interview for Yahoo! Finance, “When you buy the currency, you instantly purchase real gold or
silver. This is secured in vaults around the world, free of charge. Your holding can even be transferred back to physical gold or silver.”
Kinesis ICO pre-sale starts on November 12 and ends next year February 28. Additionally, there will be the Kinesis debit card that allows for instant conversion of the tokens
into fiat currency anywhere in the world where Visa/Mastercard is accepted.
The Kinesis protocol is forked off the Stellar blockchain which means that it should carry all competitive advantages that Stellar has, such as low fees and high speed of processing the transactions.
The Kinesis Currencies will be launched in November 2018. Kinesis coins are minted into existence as a representation of physical precious metals on a 1:1 basis. For example, 1g of gold to 1 KAU and 10g of Silver to 1 KAG.
To perpetuate growth of the Kinesis Monetary System, Kinesis have released the Kinesis Velocity Token (KVT). KVT’s are limited to 300,000 only and holders of the KVT tokens will receive a 20% proportional share of the transaction fees from the Kinesis Monetary System. This will create an additional layer of income for token holders on top of the value of the Kinesis token itself.
#4 Now what about Kinesis MVP?
To support the use of the currency the Kinesis team has come up with several auxiliary products – the Kinesis Debit Card, the Digital Wallet and the Kinesis Blockchain Exchange.
#5 Who is on the Kinesis team?
Now, what can we highlight in regards to the team promoting Kinesis? A lot of info on each member can be found online, so we’ve decided to tell you about two key figures on the team.
Thomas Coughlin is the Chief Executive Officer (CEO) of Kinesis Limited as well as Allocated Bullion Exchange (ABX). He has worked in the investment, funds management and bullion industries for approximately seventeen years.
Michael Coughlin is the Chief Financial Officer (CFO) of Allocated Bullion Exchange (ABX). His tertiary accountancy education was completed at the University of Southern Queensland, with Post Graduate studies at the University of Queensland in Economics, and Canberra University in Taxation Law. Michael has a total of 41 years of experience as a CPA in the accountancy and financial services professions.
ICO start: November 12, 2018
ICO goal: $210,000,000
Read full review of Kinesis ICO / KVT (KAU and KAG) tokens overview https://cryptotimes.tv/ico-news/ico-reviews/49-kinesis-ico-review-kvt-kau-and-kag-tokens-overview.html
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