A digital currency with performance based on physical gold and silver. The vision of Kinesis is to take an evolutionary step beyond any monetary and banking system available today. This application of blockchain technology is implemented by creating a new project in the space that is differentiated by the distance of any financial system of the past. Embracing and improving the old gold standard with decentralized record keeping is a hybrid evolutionary view of the storage needs of value with respect to the monetary system of our day.
It is a platform that has been specifically designed to guarantee a solid network stability and uptime guarantees. To ensure this, not only the Kinesis ecosystem is hosted in the cloud in high quality redundant hardware, but also the network is designed to be distributed in 3 global regions of the global AWS network. This provides triple redundancy in the network for fail-safe operations.
Cloud hosting provides access to advanced infrastructure strategies that would not otherwise be quickly possible or cost effective to achieve independently. In short, the vision of Kinesis is to take a step further in the evolution, which exceeds all the monetary and banking systems available today. To do this, we base the Kinesis currencies directly on gold and silver allocated with a proportion. We encourage its use by associating Kinesis with a multi-faceted profitability system. This promotes the use of Kinesis as a currency while distributing the generated generated value and speed again.
Mainly you should highlight that you will have tokens fully backed by assets (Gold or Silver) But unlike acquiring these assets directly, Kinesis offers a more fair price because it is difficult to get a fair market price if you own the asset directly.
Being a supported currency, its value will be closely linked to the price of its support, which when seeing the behavior of those assets (gold and silver) we see that its value is "stable" this gives it an advantage over other cryptocurrencies that they can present variations in their price of up to 20% in just one day.
The fact of being a cryptocurrency supported and, consequently, less volatile, citizens of some countries whose national currency tends to devalue could seek refuge in this cryptocurrency.
We also see the example of the Tether that being directly supported in dollars has become one of the main cryptocurrencies in the world, and when the market is down cryptocurrency merchants seek refuge in cryptocurrencies that are backed to avoid large losses.
References and links of interest:
https://kinesis.money/en/kinesis-etheralabs/
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