What is Kinesis Gold?
Kinesis Gold (KAU) is a cryptocurrency backed 1:1 by physical gold. Each token represents one gram of fine gold stored in fully insured and audited vaults, providing a digital means to own and trade real-world gold. It combines the utility of fiat currency with the value stability of gold, aiming for secure and transparent transactions across borders.
Goals of this cryptocurrency
The purpose of Kinesis Gold is to reintroduce physical gold as a form of currency by digitalizing it through blockchain technology. It addresses the problem of volatility in traditional cryptocurrencies by backing each token with real gold, offering stability and confidence. KAU enables its holders to instantly buy, sell, spend, and send gold anywhere in the world, while also earning passive yields from transaction fee revenue, thus providing a practical and stable store of value for the global community.
Fundamental economics of Kinesis Gold
Kinesis Gold (KAU) has an overall supply of 2386228 KAU tokens, each representing 1 gram of gold. The project aims to maintain a stable backing with physical gold reserves. The token distribution plan involves securing gold reserves stored in insured vaults, with the tokens serving as digital representations of physical assets. Earnings are generated through transaction fees, which are redistributed among users as a yield, supporting the token’s value stability.
The technology behind Kinesis Gold
Kinesis Gold operates on a decentralized network, with each token representing physical gold stored securely off-chain. The technology works by digitizing the ownership of physical gold, allowing for secure transactions and instant conversions at point-of-sale using digital currency or virtual cards. The specific blockchain network used is not explicitly disclosed in the available information.
Kinesis Gold compared to its competitors
Kinesis Gold differentiates itself from competitors by being directly backed by physical, invest-grade gold stored in insured, audited vaults, and offering the ability to redeem gold with no high minimum withdrawal limits. Its combination of instant buying, trading, spending, and sending of gold as a digital currency, along with earning monthly yields from transaction fee revenue, provides an edge. Compared to other gold-backed cryptocurrencies, KAU emphasizes real-world utility, stability, and passive income streams, making it a compelling option in the market.
Kinesis Gold price history
Frequently asked questions
You can redeem your gold-backed KAU tokens by requesting redemption at any time, with no high minimum withdrawal limits. The gold is stored in insured, audited vaults, and the process allows for transparent and secure conversion of tokens into physical gold.
Kinesis Gold offers stability by being backed 1:1 by physical gold, facilitates easy international transactions, enables instant trading and spending, and provides passive yields through transaction fee revenue redistribution. It combines the utility of digital currency with the enduring value of gold.
Holders of KAU earn a passive monthly yield paid in KAU from a share of Kinesis' global transaction fee revenue. This yield is a debt-free return on gold assets, enhancing the value proposition for participants.
Yes, the physical gold backing KAU is stored in insured and audited vaults, and the digitalization process emphasizes security and transparency. The platform aims to provide a safe environment for trading and spending gold-backed tokens.
Yes, Kinesis Gold can be spent instantly using the Kinesis Virtual Card, which is accessible via mobile devices. The card allows conversion of KAU into local fiat currency at millions of Mastercard-accepting locations worldwide.
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