The Kinesis primary cryptocurrencies, KAU and KAG, are based 1:1 on allocated physical gold and silver giving the holder full direct title to the bullion backing them. Through the Kinesis debit card, users can convert these currencies into fiat instantly, allowing them to be spent and withdrawn all over the world. The yield-bearing dimension is added through various methods:
The Minter Yield allows users to receive a 5% share of transaction fees on the Kinesis network by converting fiat or physical bullion into KAU and KAG. Depositors Yield allow depositors to receive a 5% share of transaction fees on their initial deposit on the Kinesis Wallet. The Holder Yield allows holders to receive a 15% share of fees while holding the currencies. Lastly, the Recruiter Yield rewards people who recruit and refer new users to the system.
The Kinesis Velocity Token (KVT) is an ERC20 token based on the Ethereum blockchain and that is available during the Kinesis ICO. KVT token 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).
The Kinesis ICO started on the 17th of February and will last until the 12th of November 2018. The ICO token allocation represents 70% of the total supply and will be available for a $1000 base price. The ICO funding target and cap is set at $200M
Token Reserve Split (30%):
The KVT ICO features a bonus campaign.