Kinesis is an electronically based medium of the exchange system
https://medium.com/@p.dcs.02/kinesis-is-an-electronically-based-medium-of-the-exchange-system-df172f9b71a9
Topic: The Kinesis Monetary System - page 27. (Read 12977 times)
Kinesis Monetary System: The Evolution Of The Gold Standard
Pre-Sale:
9th September 2018 GMT
Initial Token Offering:
10 September 2018 - 11 November 2018 at midnight GMT
Token Distribution
300,000 KVT Hard Cap
There will be a total of 300,000 KVT in supply
Community 70%, Reserve Fund 10%, Founders 9%, Advisors 5%, ICO Marketing 3%, Bounty Campaign 3%
The Kinesis Velocity Token is an ERC20 utility token that receives a portion of the transaction fees from the Kinesis Monetary System Components.
KVT holders receive a proportional 20% share of all transaction fees associated with all Kinesis currencies and 20% of all commissions from the Kinesis Commercial Centre (KCC).
Price: USD 1,000/KVT
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Welcome to our first post here on the Bitcoin Talk society, we're excited to be here with you all. We'll be regularly posting with our latest updates here as well as across all other media channels.
We'd like to introduce our CEO, Tom Coughlin, with a a webinar which was recently presented to our community.
A link to the video can be found here on our YouTube channel
The Kinesis Currency is a stable/secure, real-asset (gold and silver) based cryptocurrency, which was created to be used for everyday purchases made across the world. How? Since the Kinesis Currency is easily transferable into any fiat currency and due to its stability, it makes it easy for anyone to use their Kinesis Debit Card for common transactions made around the world.
What Problems Does Kinesis Solve?
The evolution of cryptocurrencies has laid bare the time honored debate on what defines the value of money. After the dissolution of the gold standard, Fiat currency across the world have perpetuated a continuous boom/bust cycle amongst economies. The issue that cryptocurrencies have failed to address is one of the principal basis for money: an efficient means for transacting commerce.
Kinesis is established to address the two main principles of money:
- A tool for the exchange of goods and services
- A stored unit of value
Whereas cryptocurrencies have done an extraordinary job of creating stored value, they have not addressed the need for the exchange of goods and services. This exchange is commonly referred to as “velocity” and is the ultimate arbiter of the long term success of any currency. The underlying long-term (stored) value of any currency will allow for greater velocity and success. This is expressed through volatility, which is expressed in the change in value over a period of time of the currency. If one expects that the value of the currency will appreciate over time, then the opportunity cost of exchanging that currency in some form of transaction is high. If, however, one expects that currency to depreciate over time, then one rapidly exchanges that currency for goods readily, further depleting the value of the currency. The inherent issue facing the most cryptocurrencies is high volatility and low velocity, thereby classifying them from a currency to an asset.
The Kinesis Currency is a stable and secure, real-asset (gold and silver) based cryptocurrency, which was created to be used for everyday purchases made across the world. How? Since the Kinesis Currency is easily transferable into any fiat currency and due to its stability, it makes it easy for anyone to use their Kinesis Debit Card for common transactions made around the world.
As a precursor to the Kinesis Currency launch, a separate crypto token was created: the Kinesis Velocity Token (KVT). The KVT is built on the Ethereum network. Holders of the KVT token will be able to earn an ongoing share in the Transaction Fees generated by the Kinesis Currency, and this will determine the Token’s perceived desirability and ultimately its value in the market. Its value is determined, implicitly, through the confidence in the Kinesis monetary system and by virtue of the future expected fees received due to the Kinesis Currency transaction fee; and therefore an increase in the desirability/future expected earnings of the KVT coin (and ultimately an increase in the quantity demanded of it).
Kinesis is established to address the two main principles of money:
- A tool for the exchange of goods and services
- A stored unit of value
Whereas cryptocurrencies have done an extraordinary job of creating stored value, they have not addressed the need for the exchange of goods and services. This exchange is commonly referred to as “velocity” and is the ultimate arbiter of the long term success of any currency. The underlying long-term (stored) value of any currency will allow for greater velocity and success. This is expressed through volatility, which is expressed in the change in value over a period of time of the currency. If one expects that the value of the currency will appreciate over time, then the opportunity cost of exchanging that currency in some form of transaction is high. If, however, one expects that currency to depreciate over time, then one rapidly exchanges that currency for goods readily, further depleting the value of the currency. The inherent issue facing the most cryptocurrencies is high volatility and low velocity, thereby classifying them from a currency to an asset.
How Kinesis Works
The Kinesis Currency is a stable and secure, real-asset (gold and silver) based cryptocurrency, which was created to be used for everyday purchases made across the world. How? Since the Kinesis Currency is easily transferable into any fiat currency and due to its stability, it makes it easy for anyone to use their Kinesis Debit Card for common transactions made around the world.
As a precursor to the Kinesis Currency launch, a separate crypto token was created: the Kinesis Velocity Token (KVT). The KVT is built on the Ethereum network. Holders of the KVT token will be able to earn an ongoing share in the Transaction Fees generated by the Kinesis Currency, and this will determine the Token’s perceived desirability and ultimately its value in the market. Its value is determined, implicitly, through the confidence in the Kinesis monetary system and by virtue of the future expected fees received due to the Kinesis Currency transaction fee; and therefore an increase in the desirability/future expected earnings of the KVT coin (and ultimately an increase in the quantity demanded of it).
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