Kinesis was born to solve following issues:
- Cryptocurrencies are frequently used for speculation and subject to a holding mentality, not used as a store of value or as a currency.
- Precious metals and many other physical assets have no yield attached to them they instead typically cost money to hold securely.
- Slow speed of transactions and high, fixed processing fees limit the everyday use of existing cryptocurrencies.
How Kinesis overcome these issues:
- An asset-backed digital currency combining blockchain technology with two of the greatest stable and definable stores of value: gold and silver.
- A monetary system to give yield to these precious metals, incentivising their use and velocity by attaching multiple types of yield for varying degrees of passive or active participation.
- A cryptocurrency with high processing speeds and percentage-based transaction fees attached to payment infrastructure allowing everyday use.