I’d like to introduce a new project to the discussion, it is a gold-backed Stablecoin, Kinesis. Based in the Cayman Island, until now it has raised over $66 millions start-up capital. It will launch on the 1st July 2019. Kinesis’ plan is to merge precious metals with blockchain technology, as in their website Gold and silver Historically two of the most stable and reliable assets. Universally accepted and by providing the holder with intrinsic value, precious metals have passed the test of time, yet they come with certain drawbacks. Cryptocurrency More notably the blockchain, allows for a decentralised medium of exchange that is super-fast and reliable, enabling a way for people to transact with each other without the use of a centralised control. Cryptocurrency on the blockchain allows for an immutable way to exchange with each other but lacks the stable store of value required to be used as currency. Kinesis Providing the ultimate solution by combining these two assets to create a universal currency which is both a stable store of value, based on physical gold and silver, and an efficient medium of exchange, fully redeemable and spendable anywhere around the world. Kinesis finds itself in a unique position given its historic roots in the precious metals industry through founding company and strategic partner ABX. Providing all the benefits of traditional gold and silver… With the speed, security and convenience of state of the art technology.