Kinesis has introduced yield-bearing digital currencies, based 1:1 on physical, allocated, gold and silver. When you purchase Kinesis currencies, you are simultaneously allocated real gold or silver stored securely in one of several third-party vaults around the world ensuring no counterparty risk. These digital coins (KAUs represents the gold-based coin and KAGs represents silver), can easily be spent at point of sale through the Kinesis debit card, allowing users to make fast and safe transactions. Holders of Kinesis currencies can redeem the coin and take delivery of the underlying physical precious metal guaranteeing intrinsic value with this cryptocurrency.
The Kinesis Velocity Token (KVT) public sale is now live, with a successful pre-sale raise of $55 million Kinesis is on track to achieve the hard cap target of $300 million.
This initiative was founded by ABX, a leading online exchange platform for physical bullion, with deep expertise in the gold industry.