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Buy kinesis Account from Us

Buy kinesis Account

  • kinesis Account
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Category: Online Wallet Tags: Buy kinesis Account, Buy kinesis Accounts, Buy kinesis Verified Account, Buy Verified kinesis Account
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1 Buy Verified kinesis Account from Us
2 What is a kinesis Account?
3 Buy kinesis Account
4 What was the reason behind creating Kinesis Money?
5 What are Yields?
6 Where and how exactly is my gold and silver stored?

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What is a kinesis Account?

In 2011, the early imaginings of what would later become Kinesis were percolating in the mind of Thomas Coughlin, CEO. Thomas Coughlin envisioned a transformation of the global monetary system, a transformation that echoed the radical innovations he had made in the precious metals trading sphere, years earlier.

Emergent technologies were fast catching up with the vision he had long held of a revolutionary new approach to money; where physical gold and silver were currencies digitally integrated within the economy, where all participants in the economy were rewarded equally.

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What was the reason behind creating Kinesis Money?

After the abolishment of the gold standard in 1971 all money printed, lacked tangible value, leading to a tremendous amount of fiat money being printed with no tangible backing. This has lead to a devaluation of the dollar and a correlated increase in public debt; creating the modern banking system we have today.

Kinesis provides a unique solution by reintroducing a currency based 1:1 on allocated gold and silver, made possible by eliminating the need for a central bank via blockchain technology. Allowing you the freedom to transact, beyond the control of financial institutions.

This revolutionary technology provides a return to a sustainable monetary system based on physical assets, with full control and trust, placed back in the hands of the people who own it.

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What are Yields?

When a transaction is made on across the Kinesis network a fee is taken.

This fee is divided up into various fee-sharing yields and distributed back to the system users:

1. Minters who create Kinesis currencies earn a yield on the currencies they create.
2. Holders of Kinesis currencies earn a monthly yield for simply holding.
3. Depositors are rewarded on their initial deposit.
4. Individuals who refer new users into the system receive a return on their transactions.
5. KVT holders also receive a share of the overall transaction fees.

The Kinesis yield system has been developed to reward active and passive users of the Kinesis Monetary System. It is the Kinesis fee-sharing yield system in its entirety that defeats Gresham’s law, a fundamental law of money that previously has restricted the use of gold and silver to be used as a mainstream currency.

All on-chain transactions have execution fees associated with them that are added to the fee pool, which we refer to as the Master Fee Pool. In addition, trade execution fees from the Kinesis Exchange will be added to the Master Fee Pool.

These fees are in turn paid out proportionately depending on your applicable yields. You can learn more about yields in this video, from our Learn & Earn series.

Where and how exactly is my gold and silver stored?

The physical precious metal, on which the Kinesis currencies (KAG and KAU) are based, are stored within fully insured, 12 world-class vaulting facilities in 8 countries; London, Sydney, Singapore, Hong Kong, Dubai, Liechtenstein, Zurich and New York.

Furthermore, this bullion is stored under safekeeping agreements on behalf of the legal beneficial owner with the title always being maintained by the holder – these vaults are fully audited and quality assured.

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