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Showing 10 of 10 results by PalKelvin18
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Board Altcoin Discussion
Stable Coins & Kinesis
by
PalKelvin18
on 31/07/2018, 01:44:17 UTC
Stablecoins are becoming increasingly popular due to the need of volatility free cryptocurrency, and thus enable mass-market adoption of crypto for daily transactions.

There have been many attempts made at creating a volatility free Cryptocurrency in the past few years. A few notable examples would be Tether which is backed by US Dollar, Saga which will be underpinned by a basket of currencies, Swissrealcoin which is built on top of a property portfolio. All of these methods of creating a Stablecoin have their own share of supporters and critics, but none of them are perfect.

Enter Kinesis

Kinesis is guaranteed by gold and silver bullion; it does not depend upon national currencies. It’s backed 1-to-1 with bullion when new coins are minted in the Kinesis Currency Exchange. The owner of Kinesis currency actually has title to the underlying bullion.

Source of Gold

Kinesis utilises the Allocated Bullion Exchange's (ABX) Quality Assurance Framework, which involves segregated contracts, serial numbers and bar hallmarks. ABX was founded in 2016 as the world's first electronic exchange for physical metals. Kinesis avoids the inefficiencies and uncertainties of the traditional bullion market, an over-the-counter, decidedly legacy affair. It will have an international best-practices backend, which will add to the security of and ultimately confidence in the coin being created.

More About ABX

ABX is the world’s leading electronic institutional exchange for allocated physical precious metal. It has modernised, globalised and integrated the precious metal markets by redefining the way physical bullion is traded. They have been in operation since 2016. ABX 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 utilises the Allocated Bullion Exchange's (ABX) Quality Assurance Framework, which involves segregated contracts, serial numbers and bar hallmarks.

Want to know more about Kinesis?

Talk to us on Telegram: r/https://t.me/kinesismoney

Read the Kinesis Whitepaper: r/http://kinesis.money/documents/whitepaper.pdf

Join the Kinesis ETH Airdrop: https://airdropx.com/en/kinesis/
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Topic
Board Altcoin Discussion
The Kinesis Ecosystem (In a Nutshell)
by
PalKelvin18
on 31/07/2018, 01:22:51 UTC
The vision for Kinesis is to deliver an evolutionary step beyond any monetary and banking system available today. It enhances money as both a store of value and a medium of exchange.

Kinesis is a yield-bearing digital currency based on 1:1 allocated physical gold and silver. The vision for Kinesis is to deliver an evolutionary step beyond any monetary and banking system available today. It is a globally accessible, usable and reliable digital currency forming the basis of a new Monetary System.

1. Kinesis Currencies

KAU (Gold Currency) and KAG (Silver Currency) are the primary Kinesis Currencies. They are

based 1:1 on allocated physical gold and silver, two of the greatest stable and definable stores of value for use in trade and investment globally.

KAU & KAG are created, minted and emitted through the Kinesis Currency Exchange (KCX), a unique wholesale marketplace, developed and managed by Allocated Bullion Exchange (ABX), the first electronic exchange for physical precious metals trading. ‘Allocated’ means that full direct title to the bullion backing the KAU and KAG coins is held by the owner of the respective coin.

2. Bespoke Blockchain Technology

The Kinesis Money team has developed a proprietary blockchain network called Kinesis Blockchain Network (KBN), a network where all Kinesis systems and offerings are connected. KBN is a fork of the Stellar Network (Read more on this here). This way, Kinesis currencies can be sent, spent, saved or traded, with every transaction being recorded on the blockchain. Coins purchased on KCX are emitted into the KBN with yields based on money velocity.

3. Kinesis Yield

- Minters - Kinesis Minters receive a yield by buying Kinesis currency on the Kinesis Currency Exchange (KCX) and then using it (sending, spending, selling) on the secondary blockchain, the Kinesis Blockchain Network. Minters receive a proportional share of the transaction fees as a yield forever on the Kinesis coins they create through purchase on KCX.

- Depositors - Depositors receive active rewards when they make an initial deposit and purchase Kinesis from their Kinesis Wallet in the Kinesis Financial Network. Depositors receive a share of the transaction fees as a yield forever on the Kinesis coins they bought and then used throughout the KBN.

- Holders - receive rewards by simply holding Kinesis Currency in their Kinesis Wallet. The yield depends on the velocity (change in hands) of Kinesis Currency and from a consolidated share of the transaction fees across the Kinesis Blockchain Network (KBN). The yield is calculated on a daily basis and credited to their Kinesis Wallet accounts every month.

- Affiliates - This is the yield Kinesis Affiliates will receive for referring people to the Kinesis Ecosystem.The Affiliates or Recruiters will receive a perpetual revenue share on all transaction fees on the participants they recruit.

4. Kinesis Monetary System: The Components

- Kinesis Currency Exchange (KCX): This is the wholesale market where the Kinesis currency is created and minted. This is made happen through Allocated Bullion Exchange (ABX). It is an institutional centrally cleared exchange with deep liquidity and connectivity into global wholesale trading organisations.

- Kinesis Blockchain Network (KBN): KBN is forked on the Stellar Network and is the underlying blockchain technology upon which the Kinesis cryptocurrencies is built. Kinesis currencies can be transacted through KBN. Coins purchased on KCX are emitted into the KBN with yields based on money velocity.

- Kinesis Blockchain Exchange (KBE): This is the blockchain exchange where Kinesis and other digital currencies can be traded. This is currently being developed internally by the Kinesis team to ensure deep liquidity for Kinesis currencies.

- Kinesis Financial Network (KFN): The KFN is the mobile financial system that will enable more real life application of Kinesis Currencies. Kinesis currencies can be used for savings or payments, remittances, and money movement. The KFN will also enable the issue of Mastercard and Visa debit cards, giving the ability to use Kinesis as a payment currency globally.

- Kinesis Commercial Centre (KCC): The KCC is the marketplace and e-commerce component of Kinesis. It performs as an online aggregator platform of goods and service providers, enabling the Kinesis currency suite to be seamlessly utilized as payment for participating merchants.

5. Kinesis Velocity Token (KVT)

The Kinesis Velocity Token is an ERC20 utility token that receives a portion of the transaction fees from the Kinesis Monetary System. KVT holders receive a proportional 20% share of all transaction fees associated with all Kinesis currencies and a further incentive of 20% of all commissions from the Kinesis Commercial Centre (KCC).

Want to know more about Kinesis?

Talk to us on Telegram: r/https://t.me/kinesismoney

Read the Kinesis Whitepaper: r/http://kinesis.money/documents/whitepaper.pdf

Join the Kinesis ETH Airdrop: https://airdropx.com/en/kinesis/
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Topic
Board Altcoin Discussion
How are KAU and KAG Coins Created?
by
PalKelvin18
on 31/07/2018, 01:07:44 UTC
For those of you who are new to Kinesis, KAU means (physical gold backed digital currency) and KAG on the other hand means (physical silver backed digital currency).

Kinesis coins in the KAU and KAG currency systems are minted into existence as a representation of physical precious metals which backs the cryptocurrency 1:1, ie 1g gold to 1 KAU and 10g Silver to 1 KAG. The existence of the physical precious metal results in the availability of the Kinesis coins themselves.

The mechanism provided for the minting process, or creation of these Kinesis coins, is in the form of a primary market referred to as the Kinesis Currency Exchange (KCX). This is where KAU and KAG coins are first created on the Kinesis Blockchain. This creation process through KCX is called minting, and it is performed through a purchase by a minter of a number of the coins within this primary exchange, in alignment with the equivalent amount of available backing precious metal.

On the purchase of a block of Kinesis, the kinesis coins will immediately be transferred into the minter’s Kinesis wallet and the equivalent amount of physical bullion will be allocated within the dedicated public exchange Allocated Bullion Exchange (ABX), as securely stored backing metal housed in secure and audited vaults.

The minter is then free to proceed with any transactions using these recently minted Kinesis coins through use of their Kinesis wallet and the Kinesis suite of applications available.

Want to know more about Kinesis?

Talk to us on Telegram: r/https://t.me/kinesismoney

Read the Kinesis Whitepaper: r/http://kinesis.money/documents/whitepaper.pdf

Join the Kinesis ETH Airdrop: https://airdropx.com/en/kinesis/
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Topic
Board Speculation (Altcoins)
Why Gold?
by
PalKelvin18
on 30/07/2018, 04:16:38 UTC
Who discovered gold? Why did we begin using gold as a currency? Why has it remained so valuable over time?

Gold began to be used as an efficient substitute of barter. As opposed to any good or service, it doesn't require feeding, fertilizing, maintenance, and it’s virtually impossible to destroy. People have valued gold for over 3,000 years. It has no time limit, it can’t be counterfeited, can’t be inflated, and contrary to any fiat currency, it doesn’t require the backing of any bank, government or brokerage firm.

Now, with blockchain and cryptocurrency technology disrupting the world of commerce and money, it is difficult to imagine a better time in history to tap into this everlasting source of value.
Enter gold-backed cryptocurrencies. These are digital currencies backed by gold. So, while they have all the benefits of being on a distributed ledger and are easy to trade, they are actually backed by a precious metal.

One of the best gold-backed cryptocurrencies that I know is Kinesis. They are globally accessible, usable and reliable digital currency forming the basis of a new Monetary System.

Official Telegram: https://t.me/kinesismoney
Kinesis Whitepaper: http://kinesis.money/documents/whitepaper.pdf
Join the Kinesis ETH Airdrop: https://airdropx.com/en/kinesis/
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Topic
Board Altcoin Discussion
How Kinesis Leverages Blockchain Technologies
by
PalKelvin18
on 30/07/2018, 03:20:44 UTC
Kinesis Blockchain Network (KBN)
The first one is the Kinesis Blockchain Network (KBN), a network where all Kinesis systems and offerings are connected. KBN is a fork of the Stellar Network (Read more on this here).  This way, Kinesis currencies can be sent, spent, saved or traded, with every transaction being recorded on the blockchain. Coins purchased on KCX are emitted into the KBN with yields based on money velocity.

Kinesis Blockchain Exchange (KBE)
The second one is the blockchain exchange where Kinesis and other digital currencies can be traded. This is currently being developed internally by the Kinesis team to ensure deep liquidity for Kinesis currencies.

KBE is differentiated from other crypto exchanges by the fact that all transactions are committed to a blockchain network of its own, meaning all transactions are transparent and not centrally controlled by a single exchange owner. Kinesis can be purchased in this exchange using other cryptocurrencies or fiat.

Want to know more about Kinesis?
Talk to us on Telegram: https://t.me/kinesismoney
Read the Kinesis Whitepaper: http://kinesis.money/documents/whitepaper.pdf
Join the Kinesis ETH Airdrop: https://airdropx.com/en/kinesis/
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Topic
Board Speculation (Altcoins)
What is the Kinesis Velocity Token (KVT)?
by
PalKelvin18
on 27/07/2018, 11:08:52 UTC
The Kinesis Velocity Token (KVT) is an ERC20 utility token that runs on the Ethereum network where the holders receive a portion of the transaction fees from the Kinesis Monetary System Components.

So the KVT holders will receive a proportional 20% share of all transaction fees associated with all Kinesis currencies and 20% of all commissions from the Kinesis Commercial Centre.

Want to know more on the advantages of the Kinesis Velocity Token?

Talk to us on Telegram: r/https://t.me/kinesismoney

Read the Kinesis Whitepaper: r/http://kinesis.money/documents/whitepaper.pdf

Join the Kinesis ETH Airdrop: r/https://airdropx.com/en/kinesis/
Post
Topic
Board Speculation (Altcoins)
Kinesis Yield Explained
by
PalKelvin18
on 27/07/2018, 10:44:42 UTC
The Kinesis yield system is specifically designed to attract institutional and retail capital while incentivizing the use and velocity of the currency suite. The financial reward or yield is based on the user’s participation and the overall velocity (rate at which money changes hands) of the Kinesis Currencies. This yield system is derived purely on the basis of economic output rather than debt based fiat currency with fractional banking.

Kinesis Actors and Yields:

1. Kinesis Minters:
Kinesis Minters receive a yield by buying Kinesis currency on the Kinesis Currency Exchange (KCX) and then using it (sending, spending, selling) on the secondary blockchain, the Kinesis Blockchain Network. Minters receive a proportional share of the transaction fees as a yield forever on the Kinesis coins they create through purchase on KCX.



2. Kinesis Depositors:
Depositors receive active rewards when they make an initial deposit and purchase Kinesis from their Kinesis Wallet in the Kinesis Financial Network. Depositors receive a share of the transaction fees as a yield forever on the Kinesis coins they bought and then used throughout the KBN.



3. Kinesis Holders:
Kinesis Holders (Or Hodlers in Crypto-Lingo) receive rewards by simply holding Kinesis Currency in their Kinesis Wallet. The yield is depends on the velocity (change in hands) of Kinesis Currency and from a consolidated share of the transaction fees across the Kinesis Blockchain Network (KBN). The yield is calculated on a daily basis and credited to their Kinesis Wallet accounts every month.



4. Kinesis Affiliates:
This is the yield Kinesis Affiliates will receive for referring people to the Kinesis Ecosystem.The Affiliates or Recruiters will receive a perpetual revenue share on all transaction fees on the participants they recruit.


---------------------------------

4. What is the Kinesis Velocity Token (KVT)? [For Kinesis Subreddit] [Educational]
The Kinesis Velocity Token (KVT) is an ERC20 utility token that runs on the Ethereum network where the holders receive a portion of the transaction fees from the Kinesis Monetary System Components.

So the KVT holders will receive a proportional 20% share of all transaction fees associated with all Kinesis currencies and 20% of all commissions from the Kinesis Commercial Centre.

Want to know more on the advantages of the Kinesis Velocity Token?
Talk to us on Telegram: https://t.me/kinesismoney
Read the Kinesis Whitepaper: http://kinesis.money/documents/whitepaper.pdf
Join the Kinesis ETH Airdrop: https://airdropx.com/en/kinesis/
Post
Topic
Board Altcoin Discussion
Kinesis Monetary System: The Components in a Nutshell
by
PalKelvin18
on 26/07/2018, 03:24:55 UTC
1. Kinesis Currency Exchange (KCX): This is the wholesale market where the Kinesis currency is created and minted. The Allocated Bullion Exchange (ABX) is the backbone of the Kinesis Currency Exchange. ABX is an institutional centrally cleared exchange with deep liquidity and connectivity into global wholesale trading organisations.

2. Kinesis Blockchain Network (KBN): KBN is forked on the Stellar Network and is the underlying blockchain technology upon which the Kinesis cryptocurrencies is built. Kinesis currencies can be transacted through KBN. Coins purchased on KCX are emitted into the KBN with yields based on money velocity.

3. Kinesis Blockchain Exchange (KBE): This is the blockchain exchange where Kinesis and other digital currencies can be traded. This is currently being developed internally by the Kinesis team to ensure deep liquidity for Kinesis currencies.

4. Kinesis Financial Network (KFN): The KFN is the mobile financial system that will enable more real life application of Kinesis Currencies. Kinesis currencies can be used for savings or payments, remittances, and money movement. The KFN will also enable the issue of Mastercard and Visa debit cards, giving the ability to use Kinesis as a payment currency globally.

5. Kinesis Commercial Centre (KCC): The KCC is the marketplace and e-commerce component of Kinesis. It performs as an online aggregator platform of goods and service providers, enabling the Kinesis currency suite to be seamlessly utilized as payment for participating merchants.

Want to know more?
Official Telegram: https://t.me/kinesismoney
Kinesis Whitepaper: http://kinesis.money/documents/whitepaper.pdf
Join the Kinesis ETH Airdrop: https://airdropx.com/en/kinesis/
Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] - VLUX: Fuelling Peer 2 Peer Energy with AI and Blockchain
by
PalKelvin18
on 16/04/2018, 08:51:44 UTC
Excited to announce that we have been shortlisted for the "Innovation of the Year Award" for our Peer to peer #energy trading platform at the @BusinessGreen Awards2018 !!  Smiley 🎉🎉🏆

http://events.businessgreen.com/leadersawards/static/2018-shortlist

Good job! You guys deserve a pat on the back.  Smiley
Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] - VLUX: Fuelling Peer 2 Peer Energy with AI and Blockchain
by
PalKelvin18
on 05/04/2018, 07:45:41 UTC
I do love the idea of having alternatives for purchasing power. Do I need to buy your tokens for me to get the power from a prosumer?