Sponsored Writing Contest: KINESIS

in #crypto6 years ago (edited)

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What is Kinesis

The Kinesis system is an evolutionary step beyond any monetary and banking system available in the world today, It enhances money as both a store of value and a medium of exchange, and has been developed for the benefit of all.

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THE Kinesis MONETARY SYSTEM.

“Core to the mechanics [of the system] is the perpetual incentive and stimulus for money velocity.” 2 Whenever money is brought into the Kinesis ecosystem via investment through token purchases, each unit of fiat currency is backed 1:1 with either gold or silver and is then attached to a proprietary yield system which promotes trading while creating a platform for sharing the wealth generated by the members of its economy.
Kinesis uses three core assets in this system.

Gold (KAU) and Silver (KAG) backed Kinesis tokens; owners of the tokens are owners of the bullion
Yield – the yield in the Kinesis system is created through spending as opposed to credit (borrowing) in the legacy system
Blockchain – an additional layer to reinforce the storage of value which is already a hallmark of gold and silver, whilst also making the two assets liquid through digital means (enhancing their use as a medium of exchange)
Kinesis is seeking to add fiat banknotes, alternative cryptocurrencies, and other assets which are physically secured and digitally stored in their banking and asset management system.

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The four areas Kinesis is seeking to initially disrupt are:

  • Cryptocurrency Markets.
  • Gold and Silver Markets.
  • Fiat Currency Markets.
  • Investment Asset Markets.

Kinesis allocates title directly to the owner of the accounts on their network. This has implicit benefits for worries such as a country’s political risk.

Kinesis INITIAL TOKEN OFFERING (ITO)

The Kinesis Velocity Token (KVT) is an ERC20 compatible utility token. This token will be used to raise the capital necessary to launch the Kinesis Monetary System. Holders of KVT collectively earn a percentage of transaction fees from the business operators within the system.
The ITO is currently in pre-sale with the public sale launching on September 10th, 2018 through to November 11th, 2018.

Kinesis INITIAL COIN OFFERING (ICO)

These tokens have been forked from the Stellar Network and they are the medium by which all transactions on the Kinesis Monetary System are handled.

Kinesis DESIGN PHILOSOPHY.

· Eliminate the philosophy of centralized banking.
· Provide entry points for small markets to list their physical assets for exchange opportunities.
· Eliminate fraud and theft from asset-backed securities.

VELOCITY-BASED YIELD SYSTEM.

This creates an interest-based return from economic output as opposed to debt-financing. Debt-financing creates a system that continually devalues the currency it is using by inflating the prices of the goods those currencies purchase.

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For more information watch this short feature intro:

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This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
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