1. Luke757

    Luke757 Active Member

    Oct 19, 2018
    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.

    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.

    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.
    Last edited: Oct 20, 2019 at 5:22 PM
  2. marhahajcs

    marhahajcs Well-Known Member

    Apr 9, 2011
    good project, but not the first gold backed crypto. there are other out there which already launched.
  3. Luke757

    Luke757 Active Member

    Oct 19, 2018
    Very true.
    This is a list of gold backed cryptos...
    ... and by all means, there are good projects in there,
    but I'd like to expand on some reasons why I believe particularly in this one.

    Kinesis has already won the backing of, among others, the Indonesian Post Office, which has signed up to use it in handling its $12.5 billions of assets.
    This was possible because Kinesis, unlike most cryptos, is Sharia compliant, since it makes its yield from transaction fees not interest.

    Kinesis CEO: "POS (Post of Indonesia) runs the country’s largest transportation, logistics and non-bank financial services operation through both online channels and over 4,000 physical post offices, and serves hundreds of millions of Indonesians each year.
    Bringing innovative gold trading and investment products and cutting-edge technologies in partnership with POS is a very powerful platform and will be able to serve the millions of existing and future POS customers who are un-banked or under-banked."

    Even more important: "Significantly, POS and ABX have also agreed to cooperate together to replicate the offering to the ten ASEAN countries through each of the government-owned post office entities."
    The 10 ASEAN countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

    Deutsche Bourse, the largest Exchange in the eurozone, is set to become a liquidity provider to ABX and, in my opinion, will run Kinesis on some of their platforms
  4. Luke757

    Luke757 Active Member

    Oct 19, 2018
    The Kinesis Debit Card.
    It will allow the owner to make the instant conversion of the Kinesis currencies (KAU and KAG) into fiat currency and spend cryptocurrency all around the world.

    The company states that, unlike other cryptocurrencies, the transactions through the Kinesis system will take just two to three seconds as a result of their bespoke fork of the Stellar network, which is able to withstand over 3,000 transactions per second. Kinesis believes KAU and KAG currencies could be used in day-to-day purchases like buying a cup of coffee or even buying a car.

    "Unified (http://www.unifiedsignal.com) will be enabling holders of the Kinesis suite of digital currencies to move money from their asset-backed digital currencies to the Kinesis Mobile Wallet and debit card.
    Such transactions will be completed in real-time and for a fraction of the cost of competing crypto currencies.
    These services will be offered in over 26 countries around the world and for the first time in the history of the crypto currency market, customers will be able to globally use digital currencies in real-time anywhere Visa / MasterCard is accepted and withdraw the fiat value of their asset-backed digital currencies at virtually any ATM around the world."

    Unified Signal’s CEO, Paris Holt, commented, "By combining Unified’s proprietary and patent pending move money technology with the Kinesis asset-backed suite of digital currencies, we have collectively laid the foundation for a universal currency which is stable and liquid.
    Our mission with this service offering is to create the next generation of secure mobile payments and domestic and international money movement.
    I believe that this product could help eliminate the need for people to use physical currency and help usher in a new era where physical currency is no longer needed.”

    But there is more than that in this deal.
    Kinesis CEO: "What may not be clear from the press release in the first instance, is that Kinesis will be exclusively powering Unified Signals cryptocurrency wallet and exchange.
    Unified Signal’s technology and infrastructure power around 150 corporates including some of the largest telecommunication companies and mobile banks and we will inherit all their crypto business.
    The partnership will equate to the most globally extensive and efficient crypto exchange and banking facility available to date.
    They’re partners with an aggregated network of banks and we will be utilising all of them.“

    I'm neither a Kinesis representative nor a Kinesis expert, but as I said, I believe in this project and I think it is worth to be discussed
    Last edited: Oct 29, 2018
  5. t33p

    t33p Well-Known Member

    Mar 22, 2015
    Why am I seeing a lot of controversy in the article? You write that cryptocurrency is not stable and not reliable, but at the end you mention ICO as a player in the cryptocurrency market.
  6. Luke757

    Luke757 Active Member

    Oct 19, 2018
    I'm sorry but I don't understand which article you are adressing, or where I wrote that cryptos are not reliable, and I assume that in your last sentence with ICO you meant Kinesis?

    That said, afaIk the biggest problem of the cryptocurrencies - which I'm no expert of - is their price volatility.
    That's not me, even crypto-enthusiasts admit it.
    That's why stablecoins emerged.
    Being that volatile, it's impossible for traditional cryptos to be used as s store of value: something which normally loses/gains, say, 30% every year cannot be considered a store of value.
    Think about institutions, pension fonds etc. Being bound to invest in assets whose value has low volatility, they cannot invest in traditional cryptos.
    The market is waiting for cryptos which are, among others, not that volatile. That's why stablecoins like Kinesis have, in my opinion, a bright future.

    Speaking of stablecoins, there is an Exchange, Hyperion, where only cryptos backed by tangible assets can be traded.
    On September 27, 2018 Hyperion Exchange, a SEC-regulated security token exchange, has signed an MOU (Memorandum of Understanding) with Kinesis.

    Hyperion Exchange is a leading exchange for security tokens in North America.
    It gives investors the chance to trade digital security tokens using blockchain technology, enabling trades to complete more efficiently and at lower cost than on traditional stock markets.
    The dual purpose of the MOU is to list the Kinesis Velocity Token (KVT) on the Hyperion Exchange, as well as making the Kinesis gold and silver-based digital currencies available as 'stablecoins' on the Hyperion Exchange.

    The Hyperion Exchange is regulated by the U.S. Securities and Exchange Commission (SEC), the US Financial Industry Regulatory Authority and the non-profit Securities Investor Protection Corporation.
    Michael Zavet, CEO of Hyperion Exchange, comments: "Hyperion is a unique exchange that lists securities tokens, financial securities backed by tangible physical assets, on the blockchain. At Hyperion, we are committed to ensuring best practice in regulatory compliance, listing tokens only after comprehensive verification checks."


    So, Hyperion will run K-coins.
    As I said before, K-coins will be probably traded on some platform of the Deutsche Boerse.
    But the primary platform where K-coins will be traded will be Kinesis own Exchange.
    The Kinesis Blockchain Exchange (KBE) is Kinesis own exchange platform allowing users to buy and sell cryptocurrencies against Kinesis currencies, creating easy exchange for cryptocurrencies. From Bitcoin (BTC) to Kinesis Gold (KAU) or Kinesis Velocity Tokens (KVT) to Ethereum, the KBE eliminates the need for third party exchanges.
    The Kinesis Blockchain Exchange (KBE) is being developed internally to ensure deep liquidity for the Kinesis Currencies.
    Last edited: Oct 31, 2018
  7. Luke757

    Luke757 Active Member

    Oct 19, 2018
    Some updates

    Kinesis ICO, originally planned for March 1, 2019, will be postponed in order to allow the release of a Beta version of the Kinesis Monetary System for user testing.
    The new timeline:
    Kinesis Currency ICO Pre-Sale: March 18th, 2019
    Kinesis Currency ICO Public Sale: May 15th, 2019

    Kinesis Money Partners With TicketSocket for Real-World Application of Gold-Based Currencies

    Kinesis Money, an evolutionary monetary system that uses real assets as the basis for digital currencies, has today announced a partnership with TicketSocket, a powerful and highly customizable white label ticketing, registration and event management platform.
    This partnership will see Kinesis currencies integrated as a payment option within the TicketSocket platform.
    TicketSocket provides software to pro sports teams, tours and large venues around the world, meaning that individuals will now be able to buy tickets for world-leading events using Kinesis digital currencies.


    MBAex partnership amplifies global access to Kinesis Money

    MBAex, the largest blockchain assets trading platform in Southeast Asia with over 1.3 million users, has announced a Memorandum of Understanding (MOU) with Kinesis Money.
    MBAex are torchbearers for good governance within the industry, being fully compliant with anti-money laundering laws. Additionally, by integrating best practice from the banking industry, MBAex applies a variety of measures to ensure security. This includes industry principles including two-factor authentication, cool stockpiling and tracking to ensure end-to-end security in transactions. By listing the Kinesis digital currencies on their exchange, MBAex will engage participants looking for options which are both stable and secure.


    Kinesis expands the advisory team in the United Arab Emirates with Tariq Al Habtoor

    Tariq is a significant member of the Al Habtoor Group, one of the region’s most respected conglomerates with interests in the hospitality, automotive, real estate, education and publishing sectors. The Al Habtoor Group has earned itself a solid reputation both locally and internationally.
    The Al Habtoor Group is one of the UAE’s most respected and successful businesses.

    Tariq will be assisting in driving investment from a number of areas as well as facilitating the adoption of Kinesis currencies through a number of businesses and conglomerates within the region. Due to his status and influence, he has also been able to introduce Kinesis to a number of members of the various royal families across the United Arab Emirates as well as the rest of the Middle Eastern region.

    Tariq Habtoor comments — “Kinesis is truly one of the more interesting projects I’ve come across, particularly the way Kinesis is utilising blockchain technology to leverage precious metals as a stablecoin. I’m very excited to participate in building upon their success by increasing exposure and investment from the United Arab Emirates, as well as the rest of the Middle East.”


    Kinesis Money and Allocated Bullion Exchange Explore Creating a Joint Commercial Blockchain Venture with Jakarta Futures Exchange in Indonesia

    London, 13.11.2018 – Today, Jakarta Futures Exchange (JFX), the leading futures and derivatives exchange group in Indonesia, have announced an expanded Memorandum of Understanding (MOU) with Kinesis Money and Allocated Bullion Exchange (ABX).
    The partnership will seek to develop an Indonesian based and regulated blockchain exchange using Kinesis technology.

  8. Luke757

    Luke757 Active Member

    Oct 19, 2018
    Some Updates since the last post

    April 2 Kinesis’ pre-ICO has started, with the launch of the Kinesis Currency Exchange (KCX).
    It runs from 2nd April to 30th June, 2019.
    They call it IMO (Initial Minting Offer) because it consists in „minting“ blockchain-„coins“ backed by precious metals.
    The precious metals are stored in the vaults of the Allocated Bullion Exchange.

    Interview on Metropol TV Kenya with Christian Rousch, Head of Kinesis Africa Operations and Jai Bifulco, Kinesis Head Marketing Officer.
    By the way, this Aly-Khan Satchu, in my view an excellent moderator
    24 min.

    Kinesis expands the advisory team in the United Arab Emirates with Tariq Al Habtoor
    Tariq is a significant member of the Al Habtoor Group, one of the region’s most respected conglomerates with interests in the hospitality, automotive, real estate, education and publishing sectors.
    Due to his status and influence, he has also been able to introduce Kinesis to a number of members of the various royal families across the United Arab Emirates as well as the rest of the Middle Eastern region.

    Last December Kinesis participated to the Monaco International Blockchain (M.I.B) tradeshow.
    The M.I.B event hosted a pitch competition, giving companies going through an ICO, or who have an ICO planned, to pitch to investors, make industry connections, practice their pitch skills, and win 100.000,00 Euro investment .
    Kinesis won

    New Advisory Board Member & Growing Interest In The UAE
    Sheikh Mohamed Al Qasimi is an influential member of the Al Qasimi royal family that rules over the Emirate.
    Mohamed’s interest in Kinesis is inextricably intertwined with his knowledge of precious metals. He can provide access to strategic partnerships within the region as he introduces Kinesis to his network of royalty and government officials.

    London 06.03.2019: Kinesis has today announced the appointment of Sergio Fernandez de Cordova and Francisco de Borbon to its advisory committee.
    Fernandez de Cordova is co-founder of the Blockchain Commission for Sustainable Development at the United Nations.
    De Borbon is the co-founder and managing partner of Alpha Trading and Alpha Themisyu and the Cora Alpha group. He is also the CEO, co-founder and chief visionary behind the Elysium City project, the first and largest sustainable smart city ever developed in Europe — emphasizing his commitment to sustainable development and good governance across Europe.

    Kinesis currencies, KAU and KAG, receive Sharia law compliance allowing further global adoption from emerging markets.
    A review was conducted for the Kinesis Monetary System by the Amanah Finance Consultancy, with the same leading scholar behind the review for certifying the Stellar Blockchain Network and other blockchain based projects.
    This review has resulted in Kinesis being awarded a Sharia-compliant certificate for the Kinesis Velocity Token (KVT), Kinesis currencies (KAU and KAG), the Kinesis Blockchain Network (KBN) and the Kinesis Currency Exchange (KCX).

    Kinesis announces North Block Capital as new investor and advisor
  9. Luke757

    Luke757 Active Member

    Oct 19, 2018
  10. Luke757

    Luke757 Active Member

    Oct 19, 2018
    Kinesis engages Contis Group to launch UK and European debit card for its digital gold and silver currencies

    London 4th June, 2019:

    Today, Kinesis Money announces the initiation of its UK and EU debit card program with Contis Group, the award-winning platform as a service (PAAS) that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4.

    The release of these EUR and GBP-denominated debit cards will cement Kinesis’ position in the market as a formidable global fintech player. The Kinesis debit card will allow Kinesis’ clients in the UK and Europe to easily and efficiently use their Kinesis currencies to make purchases anywhere that has a merchant facility, as well as withdraw funds via global ATM networks.

    Kinesis is an evolutionary monetary system using the real assets of gold and silver as the basis for digital currencies. These currencies provide a 1:1 allocation of physical bullion, with the transaction fees accumulated whenever the currencies are sent, spent or traded and then proportionately redistributed to Kinesis currency and token holders as a velocity-based yield. These yields grow as the user base grows and recur forever, creating a monthly income for users, against everyday transactions and holdings.

    The new debit card is to be powered through a partnership between Kinesis Money and Contis which enables customers to leverage their extensive partner network. Contis Financial Services Ltd is authorised by the Financial Conduct Authority. The Kinesis debit card is set to be integrated into the highly anticipated Kinesis Monetary System, scheduled to launch in Q3 2019, providing seamless spending and management of the Kinesis, blockchain-based, gold and silver-based currencies.

  11. Luke757

    Luke757 Active Member

    Oct 19, 2018
    Kinesis Monetary System extends Africa Footprint with the South African Jewellers Network.

    Kinesis is proud to be partnered with the South African Jewellers Network to leverage a combined effort towards accessibility and education on the operational usage of the Kinesis Monetary System within the jewellery, precious metal and mining industries. We believe that is important to reward participation within our monetary ecosystem and this will add additional economic benefits and competitiveness for the participants of the South African Jewellers Network. Kinesis supports the growth of new entrepreneurs and established jewellers and aims to lay a foundation for impact towards the market and economic growth within these industries.

  12. Gaky

    Gaky Well-Known Member

    Aug 3, 2018
    Hey, who experienced with it last time?
  13. Luke757

    Luke757 Active Member

    Oct 19, 2018
    Hi Gaky,
    the platform is live since the 9th September, so on Juni 24, when you asked he question, nobody had yet experienced it.

    I follow the Kinesis Telegram Group. Over there there are people who talk about their experience with the Kinesis platform.

    At the moment, the trading volume of the k-currencies is relatively low, as you can see here

    Everybody is waiting for the Debit Card
    Another big step should be introduction of the Kinesis Monetary System in Indonesia
    Finally, institutional investors (aka the big money) are currently blocked from jumping in due to some insurance issues.

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