After every acquisition of wealth, comes one paramount need which is how best to secure, invest or store it in such a way that it will retain value, incur interest or profit overtime.
Inorder to ensure safety, options like banking or investing in physical properties, assets or precious gems/metals are always sought for. However, the economic and political factors of the worlds governments greatly affect and determine the final value and demand of these treasures.
So also does traditional banking institutions incorporate one's deposited assets into various risk-taking investments. The profits accrued from such transactions are mostly taken by the financial firms. But remember, you were the owner and provider of the principal product.
Will love to share to us all, about a project which is about to bring the change well all have been expecting base on our monetary funds, but before going into details I will want us all to recollect back to the olden days. How money is been generated even to this our present days, from trade by barter - cowries- coins and so on even digital currency. Do you even remember how money is been saved back them. People save money inside the ground, rocks, roof and so on before we have thrift collectors and even banks, but things r getting better because we have digital wallets. But a solution is here for all base on the fact that upon all this ways I stated above, most don't know the possible way and where to keep their investment and currency, this brought up the idea behind the project named Kiness which is a monetary system which Is been backedup with the idea of the cryptocurrency blockchain to put solution to any monetary and banking problems occurring in this jet age.
ā¢ Addressing Cryptocurrency Market Problems
The Volatility in cryptocurrencies make them non-viable stores of value and unsuitable for use as currencies.
They are not viable reserve currencies that can facilitate global commerce.
These characteristics prevent mass-adoption, as a currency must be stable and mimic a fixed article of
exchange in an economy. If a business with budgeted profit margins takes a significant risk
in accepting these currencies as a form of payment, or as a reserve currency to sit on their balance sheet. Money was created to serve and bring efficiency to commercial transactions.While the early cryptocurrencies have laid the blueprint for a decentralized future, their current limitations prevent their sustainable use in commercial applications. Nevertheless, they have
paved the way forward for new and improved innovations like the Kinesis Monetary System.
ā¢ Yield
The gold and silvers cost money to hold securely. In this respect, a yielding asset like interest bearing bank deposits or stocks paying dividends become a more attractive investment option for investors looking for a yield on their. investments. The Kinesis Monetary System gives yield to the gold and silvers attaching multiple yields for varying degrees of passive or active participation. As detailed
later in this paper, the proposed model outlining the multifaceted yield system offers a more attractive
alternative than the yields on offer for passive investors, as well as highly incentivizing participation for those who wish to be active.
The KVT (KENESIS VELOCITY TOKEN) are utility tokens which is a currency that is not based on assets and is currently in presale, with a discount of 2.5% until September 10 of this year and then direct it to the public sale on November 11, 2018.
Kinesis was created with the specific objective of facilitating our lives with respect to the storage of some currency, overcoming the volatility limitations of cryptocurrencies as a reserve currency and also changing the way governments sustain themselves financially, which is creating physical currencies. This is something that undeniably leaves us astonished because in addition to these there are many other ways in which Kinesis can change the world with its innovative technology.
It also allows us the storage not only of cryptocurrencies, but of all kinds of strong currencies or of great value. Yes, I'm talking about storing gold, silver, crypto, etc. All this creating an environment where the risks for theft or fraud are greatly diminished as they promise us great security and backups through assets.
Kinesis wants to take a step further than the methods of keeping current money, evolving the way we keep our wealth as well as allowing us to keep our physical gold bars. Something like a bank where you can save gold, but everything is backed up and out of the reach of thieves.
Mrs Gozie is a blacksmith's daughter but later got married to a teacher. Inorder to support her family (hus & three kids) she decided to start supplying gold to her father's friends and customers. Her dad is now late and never trained his girls in his profession. However she was determined.
But she encountered three problems. How will she know the high karat gold when she sees so many of its look-alike? Oh! She will have to pay for testing before buying.
How about settling the Mallams' errandboy who delivers it to her?
Finally being a woman, how will she ensure that her marketers does not elope with her money or deny their prices tag?
She was about giving up on the business before she heard of Kinesis platform. She was skeptical about it but her friends husband confirmed their worth by explaining that he has been operating with ABX market for long without any problems. Meaning that Kinesis will be the perfect "bustop" since its got both ABX, the Government, mobile banking firm and more.
And with that, Mrs Dozie signed up for an account, placed orders and the rest is history. Today she has built choice houses all over the town and her kids are in the best schools. They all go on vacation trips!
In conclusion, Kinesis aims to solve the issues of security (theft, fraud, addictions etc) involved in buying assets-based currencies. It will also solve the the interference of intermediaries, thereby saving cost through blockchain.
The area of decentralisation will encourage and enable traders/investors reach a larger international clientele. This will be fostered by ABX bullion exchange markets.
For more information about the subject visit the following links:
https://kinesis.money/en/kinesis-etheralabs/
Kinesis 2018
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