Post
Topic
Board Announcements (Altcoins)
Re: The Kinesis Monetary System
by
ALFA20
on 22/12/2018, 14:24:22 UTC
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.