Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, May 01 2019 - 16:00
Kinesis Launches the Kinesis Mint - Physical Gold and Silver on the Blockchain
LONDON, May 1, 2019 /PRNewswire-AsiaNet/--

Today, Kinesis Money is announcing the launch of its cutting-edge 
blockchain-based platform, the Kinesis Mint. The Kinesis Mint, which will 
cement Kinesis' position in the market as a formidable global fintech player, 
is a platform which allows users to create Kinesis digital currencies, KAU (1gm 
gold) & KAG (1oz silver), into existence.

Kinesis Money 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, incentivising 

"Minting" is the process of creating Kinesis currencies by depositing fiat to 
purchase bullion or depositing existing bullion into the Kinesis Mint. The 
physical metal is then emitted to their bespoke fork of the stellar blockchain 
and represented in a user's eWallet; facilitating remittance over the stellar 
blockchain, which enables global transactions of over 3000 transactions per 
second with a settlement time of 3-5 seconds at a flat fee of 0.45%.

With recent developments raising questions on the feasibility of USD and 
cash-based stable coins, perhaps this is an ideal time for adoption of a 
gold-based stable coin. One run by an institutional and commercially 
responsible company.

Kinesis is revolutionising the precious metals industry by eliminating fees for 
the storage of physical gold and silver bullion in addition to providing 
holders with a multifaceted fee sharing yield model bringing more value to gold 
and silver holders via these yields.

Thomas Coughlin, CEO of Kinesis Money [], comments: 
"It's a monumental time for us; the Kinesis Mint is the historic first step in 
the release of our pioneering monetary system. The global shift towards 
decentralised digital currency is picking up momentum and Kinesis Money is 
setting a precedent in the precious metals space. Amidst uncertainty and 
volatile currencies, the new Kinesis currencies provide the stable, trustworthy 
financial platform that modern consumers are looking for."

With much scrutiny in the cryptocurrency space, severe price volatility a 
stablecoin such as Kinesis provides real-world application to address the core 
concerns of digital currency.

Kinesis has chosen to keep their token offering open to give people as much 
time as possible to maximise their participation before it closes on June 30th. 
Having sold more than 65,000 of its coveted Kinesis Velocity Tokens (KVT), 
since Feb 2018, the KVTs have been increasingly popular as they reward 
participants with a generous 20% proportionate share of the transaction fees 

Kinesis says it's excited to continue with a multi-phased product release, 
which by Q4 2019 is set to see two further technology releases.

Thomas continues: "Ahead of the long-awaited launch of the Kinesis Exchange in 
just a few months' time, the Kinesis Mint will provide an opportunity for key 
players in the bullion vaulting and precious metals market to bring their metal 
into the Kinesis ecosystem, in anticipation of earning an extra potential 
revenue stream on their holdings. The Kinesis Mint is a crucial step towards 
the full launch of the Kinesis Monetary System including our VISA debit card 
and we eagerly anticipate introducing future products across additional 

The next technology release the Kinesis Exchange, is scheduled for July 2019, 
allowing participants to trade a variety of cryptocurrency and fiat currencies 
against KAU and KAG; generating velocity and yields to the minters and holders 
of metal with Kinesis.

For more information, visit []


SOURCE: Kinesis Money