KINESIS COINS, AN INTERESTING GOLD-BACKED CRYPTOCURRENCY!

There are important waves of evolution within the cryptocurrency world, in particular in terms of Stablecoins. Kinesis is at the forefront of this movement. Kinesis Stablecoins are 1:1 gold and silver-backed currencies. There are many advantages not only for crypto investors but also for gold investors. The Kinesis team has developed significant technologies to handle this system properly.rnThere are different components included in the Kinesis Monetary System, and their explanation is necessary to explain the Kinesis Stablecoins rnHOW ABOUT A BRIEF OVERVIEW OF KINESIS COINS? KAU and KAG are the two most important Kinesis coins. KAU, i.e. Kinesis Digital Gold Currency, is a token equivalent to a 1 fine gram of physical gold, with a minimum fineness of 995/1000. The bars have a special serial number provided by the stamp of the refinery, as per ABX (Allocated Bullion Exchange) quality assurance framework. The bars come from refineries approved through the refiners list of the LBMA (London Bullion Metal Association). rnWHAT IS KINESIS DIGITAL SILVER CURRENCY? It is a digital token representing 1 oz of physical silver. The silver bars deposited in the ABX vaults, have a minimum fineness of 999/1000. They too, like the gold bars, bear an identification stamp put by a LBMA approved refiner according to the ABX quality assurance framework. rnWHAT IS THEIR IMPORTANCE? Kinesis coins is an extremely interesting idea because they represent full ownership of allocated gold and silver. With them, gold and silver owner can use their precious metals to buy goods at the grocery store around the corner. rnBLOCKCHAIN TECHNOLOGY IN A BESPOKE MANNER : Kinesis Money has developed a bespoke proprietary blockchain network, the Kinesis Blockchain Network (KBN), forked out of the Stellar blockchain, where users can trade or receive/send kinesis currencies. After kinesis coins get created (minted), they get emitted into the KBN. The more they get used, the higher Kinesis money velocity. rnKINESIS COINS AND YIELD : There is a multifaceted fee-sharing yield system which is important in order to attract institutional as well as retail capital into the system, but also in order to incentivise the use of the currency suites. These are some of the most important ideas which must be discussed here when talking about kinesis’ coins and their yield.