Kinesis has introduced yield-bearing digital currencies, based 1:1 on physical, allocated, gold and silver. Kinesis ICO rating – not rated.
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Active ICO : 10/09/18 – 17/03/19
Rank in IN – 249302
About Kinesis ICO (token sale)
The vision for Kinesis ICO is to deliver an evolutionary step beyond any monetary system available in the world today. A system that through participation, enhances money as both a store of value and as a medium of exchange, for the bene t of all. Much the same as our sun unconditionally delivers an indiscriminate share of energy to planet Earth that stimulates life, we see Kinesis as a comparative energy system to stimulate the movement of money, assets, commerce, and economic activity in a fair, honest, and rewarding process.
Kinesis ICO Mission
The mission of the Kinesis ICO monetary system is to deliver an internationally fungible monetary system, designed to give back to those who participate, and thus, create a solution for the global need for sound, reliable money. It is understood that for sound money to be a successful global transaction currency against legal tender currencies, Sir Thomas Gresham’s economic principle that “bad money drives out good” must be defeated. This is an observation of human behaviour and money where people who value one currency over another will hold onto and hoard the more valued tender, while spending the currency they value less. Similarly, given cryptocurrency market volatility, it is often a crypto-holder’s view that their crypto-assets will rise in value or that they must hold on to them to wait for prices to recover. As a result, there is no incentive for that token to be used as a medium of exchange, thus promoting hoarding behaviour.
Strategic Partner – Allocated Bullion Exchange (ABX)
Kinesis and the Kinesis Monetary System has been developed in partnership with public company; Allocated Bullion Exchange (ABX) www.abx.com, the world’s leading electronic institutional exchange for allocated, physical precious metals has been in operation since 2013, has seven trading, pricing and vaulting hubs across the globe and has recently partnered with Deutsche Borse Group entity European Commodity Clearing (ECC) for clearing and settlement services.
Kinesis ICO Velocity Token
The Kinesis ICO Velocity Token is a utility token that receives a portion of the transaction fees from the Kinesis ICO Monetary System components.
The KVT is an ERC20 token, requiring an ERC20 compatible wallet.
Kinesis ICO is seeking to raise over US$200 million through the sale of 300,000 KVT’s; enabling it to aggressively grow its businesses. Key milestones include the integration of all elements in its physical asset based digital currency, blockchain development, payments systems, vaulting, and precious metal trading businesses followed by the initiation its global commercialization program.