Kinesis Stablecoins

[Peter90]

2021 Global Crypto Adoption Index

[Peter90]

Kinesis passes Q3 audit 2023

Kinesis is pleased to announce that we have passed the Q3 2023 independent precious metals audit, conducted by the leading global audit and inspection specialist, Inspectorate International.

The independent audit provides community members with verification that all Kinesis gold (KAU) and silver (KAG) within the Kinesis Monetary System are backed by a 1:1 allocation of physical gold and silver bullion.


Q3 2023 Quarterly Audit

On the 19th of July 2023, Kinesis’ strategic partner, Allocated Bullion Exchange (ABX), produced an inventory report of all physical gold and silver attributed to Kinesis Cayman.
The report was presented to Inspectorate International to conduct an independent audit, undertaken across ABX’s global vaulting network, on the 19th and 20th of July 2023.

On the 19th of July 2023, at the time the inventory reports were generated, Kinesis gold (KAU) and silver (KAG) in circulation were as follows:

KAU: 1,272,991.795 (as of ledger number 26939516, Wed, 19 Jul 2023)
KAG: 3,365,107.175 (as of ledger number 26968006, Wed, 19 Jul 2023)


All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.


The independent audit confirmed the following metal quantities held by Kinesis Cayman as of Wednesday, 19th July 2023.

Gold (9999 fine equivalent): 1,274,991.795g
Silver (999 fine equivalent): 3,370,099.646ozt

Inspectorate International’s independent report confirmed that Kinesis’ precious metals holdings were as stated, with Kinesis passing all criteria of the inspection.

See the latest audit report here

[Peter90]

Kinesis Pay

Tapping into the online payments and e-commerce space, Kinesis launched the bespoke Kinesis Pay payment plug-in, allowing online businesses to accept payments in Kinesis gold (KAU) and silver (KAG).

When integrated with a merchant’s online store, the globally available Kinesis Pay feature enables businesses to receive payments in the secure, time-proven value of physical gold and silver.

The moment businesses receive their first precious metals payment, they become eligible to receive a passive Holder’s yield on their gold and silver holdings. Merchants who participate in Kinesis Pay are also broadening their businesses’ range of payment currencies while simultaneously diversifying their company asset holdings.

At the same time, Kinesis Pay enables customers to make instant purchases of precious metals outside the traditional fiat banking system, further encouraging the global adoption of gold and silver as global currencies.


Indonesia

In another successful integration, we announced a new Kinesis-powered, white-labelled gold savings application for the Indonesian Hajj Brotherhood Association (IPHI).

As Kinesis gold is fully shariah-compliant, the IPHI selected Kinesis’ native asset to introduce gold savings to their 10-million-strong membership, comprised of Indonesian citizens of the Islamic faith who have taken part in the annual Hajj pilgrimage. Through the white-labelled solution, Kinesis’ gold savings technology can also be utilised for the Gold to Mecca and #GoldforNation initiatives.

With the proven versatility of Kinesis technology, the scope for future integrations is near-limitless. The infrastructure is built for deployment with global governments and organisations seeking to provide greater economic stability and financial access. Kinesis will continue to build and progress integrations within the region, providing citizens across Indonesia with low-cost mobile access to the timeless value of gold bullion.


External Exchange listings

In the first quarter of the year, Kinesis gold (KAU) and silver (KAG) were listed on the Dubai-based Emirex exchange, introducing Shariah-compliant physical precious metals to the thriving Middle Eastern markets.

In addition, Kinesis gold was listed on the BitMart cryptocurrency exchange, offering traders and investors more avenues to buy, sell and trade physical gold and silver outside of the Kinesis platform. The exchange listings of Kinesis’ digital assets provide further access to the stable value of precious metals through fairly-priced, fully-allocated physical gold and silver.

In addition to the increased brand visibility, the external listings of Kinesis’ native currencies incentivise Emirex and Bitmart traders to join the Kinesis platform. As awareness of Kinesis grows on the Emirex exchange, we anticipate users transferring their assets to the Kinesis platform to access Kinesis yields, physical redemption and the global utility of the Kinesis Virtual Card.


Merchandise store

Kinesis Ma’at Coin 2023 edition

Kinesis platform updates

Kinesis passes Q1 2023 Independent audit

Kinesis website revamp

Vaultside AMA with Kinesis CEO



Q1 – Q2 2023 – Quarterly Update

[Peter90]

KVT Yield Launch Pays Out Nearly $5m

In a monumental milestone for Kinesis, the fifth and final yield within the innovative Kinesis Yield System launched on the 30th of April 2023. The first payout rewarded all Kinesis Velocity Token (KVT) holders with their proportional 20% share of all Kinesis’ global transaction fees.
The initial yield payment saw $4.89 million worth of physical gold and silver shared with all eligible KVT holders. Following the yield launch, KVT holders will continue to receive their fixed share in the growth of the Kinesis system – paid in gold and silver, each month.
With the entire yield engine now live on the platform, Kinesis rewards those who choose an ethical, stable monetary alternative, offering users a substantial share in the long-term growth of the Kinesis Monetary System.


New Quarterly Audit Schedule

In response to our community’s feedback, we introduced a more frequent, quarterly auditing schedule, further reinforcing our commitment to transparency and integrity. Going forward, Kinesis will continue to update the community with audits on a quarterly basis, in line with this new reporting structure.


KAU and KAG Listed on Coinmarketcap and CoinGecko

At the beginning of Q2, Kinesis’ gold KAU and silver KAG assets were officially listed on Coinmarketcap and CoinGecko.
As two of the largest cryptocurrency data aggregators in the world, this was a significant milestone for Kinesis and a major step towards enhancing the visibility and accessibility of Kinesis gold and silver-backed currency assets.
The Kinesis Exchange is also listed on CoinGecko, therefore making total KAU and KAG volumes in line with true volumes. There is ongoing work happening currently to have the Kinesis Exchange properly listed on Coinmarketcap, which will fully realise the total volume on our KAU and KAG pairs there also.

https://kinesis.money/company-news/q2-q3-2023-ceo-quarterly-update/

[Peter90]

Q3-Q4 2023 – Quarterly Update

Kinesis Aurum® bills

In Q3, Kinesis established a global, collaborative partnership with Valaurum, the manufacturer of the patented Aurum® gold bill, to produce a series of Kinesis gold bills that provide gold investors and collectors a new way to spend and store physical gold.

By incorporating small, practical denominations of physical gold into Kinesis Aurum® gold bills, the partnership reaffirms Kinesis’ position at the forefront of precious metals spending.

Through encasing physical gold within banknotes, Kinesis Aurum® reintroduces physical gold as a circulating currency, which can also be spent, vaulted, minted, and redeemed through the Kinesis platform, serving as a yield-stimulating driver.

Kinesis Aurum® is positioned to drive further utility and real-world adoption of Kinesis’ flagship gold asset, whilst also bringing increased interest and exposure to the Kinesis Bullion store. The bills will be independently marketed and sold through the store alongside Kinesis’ range of gold and silver bullion products.



Northstar & Badcharts partnership

Kinesis partnered with leading technical analysis experts, Northstar & Badcharts (NSBC), to offer Kinesis users an exclusive 50% discount on their subscription service.

The partnership saw Kinesis and Northstar & Badcharts (NSBC) come together to make trading more accessible to the Kinesis community through their industry-leading trading education platform and technical analysis service.

Northstar & Badcharts’ technical analysts, Patrick Karim and Kevin Wadsworth, have a time-proven track record of increasing their members’ gold and silver holdings by applying their decades of industry experience to the markets.

Furthermore, the exposure and reputation attached to the NSBC platform highlight the wealth-preserving benefits of the Kinesis ecosystem to an engaged audience of traders and gold investors.



Kinesis successfully passed the Q3 audit

On the 19th of July 2023, Kinesis passed the Q3 2023 independent precious metals audit, conducted by the leading global audit and inspection specialist, Inspectorate International.

Once again, the independent, quarterly audit provided community members with verification that all Kinesis gold (KAU) and silver (KAG) within the Kinesis Monetary System are backed by a 1:1 allocation of physical gold and silver bullion.

The successful completion of Kinesis’ Q3 2023 audit demonstrates our unwavering commitment to security and transparency, providing the community with complete assurance that their gold and silver holdings are in safe hands.

All Kinesis audits are publicly available on the website here.

All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer here. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.



The official launch of POSPay Gold

In September, the Vice President of Indonesia, K.H. Ma’ruf Amin, officially launched the Kinesis-powered physical gold trading application, POSPay Gold, nationwide.

Created in partnership with the Indonesian state-run postal service, PT Pos, the POSPay Gold application provides Indonesia’s predominantly Muslim population with instant access to Sharia-compliant physical gold trading and ownership.

During his speech at the Sharia Economic Seminar, the Vice President emphasised the significance of an inclusive and sustainable digital ecosystem, appreciating the synergic effort of various organisations – such as Kinesis – in supporting financial inclusion and encouraging the nation’s digital transformation.

The launch of the POSPay Gold application, integrated within PT Pos’ existing PosPay Super App, makes physical gold trading accessible to citizens across the nation.

Kinesis has already begun to see an increase in Indonesian users on the platform.



Supporting C4SM’s initiative in the move towards sound money

On behalf of Citizens for Sound Money, chaired by Jim Forsythe, we encourage members of the Kinesis community to join our long-time partner on a mission towards our shared goal of establishing fair, honest money everywhere.

Last month, Kinesis backed the fundraising efforts of C4SM’s legislative agenda, which aims to bring formal recognition of gold and silver as legal tender across the US; establish state depositories for precious metals and support the rollout of Asset-Backed Digital Currencies (ABDCs).

C4SM has already seen recent success with legislative efforts that support the critical shift toward sound money, resulting in solid commitments from influential figures in the Florida legislative landscape.

We want to thank the community for your generous contributions, all of which bring us closer towards our common vision of advocating for sound money globally.



Support Centre Restructure

In recent months, the Kinesis team has undertaken a comprehensive restructuring of our Support Centre, consisting of a complete redesign of the user experience (UX) and a content update. This initiative involved the revision of approximately 47,000 words of support articles and the introduction of an intuitive new navigation structure.

Users seeking to familiarise themselves better with the Kinesis Monetary System can now explore a greater selection of categories and articles covering the vast range of products and services Kinesis offers.

The new User Guides section comprises a series of beneficial step-by-step walkthroughs and informative learning videos hosted by some familiar faces for many of you, the Kinesis account executives. Furthermore, from the Support Centre homepage, users now have more direct access to our community forum, where they can engage with fellow members to collectively explore the platform or discuss the latest milestones achieved by Kinesis.

Beyond its pleasing aesthetics, the new layout represents a significant stride in enhancing user experience and delivering information in a more straightforward and accessible manner to our community.

[Peter90]

If you want to trade cryptos or precious metals with your smartphone you can download the Kinesis mobile app from Google Play or from the Apple Store

[Peter90]

Low-cost SEPA deposits live for European users


Kinesis has launched a new simple, low-cost SEPA deposit option for users based in the European Economic Area.

The introduction of SEPA transfers to the Kinesis platform brings greater ease and value to EEA-based Kinesis account holders, who can now deposit their Euro (EUR) funds as easily and conveniently as a regular domestic bank transfer.

On the Kinesis platform, the addition of SEPA transfers enables account holders to make EUR-to-EUR deposits, with a fixed rate of €0.30 per transaction charged on the Kinesis side, regardless of the amount of funds sent.



What are SEPA transfers?

Single Euro Payments Area (SEPA) is a Europe-wide payment network allowing users to make fast cross-border bank transactions between countries within the European Economic Area (EEA).

SEPA transfers, which are operated through IBAN identification codes, are widely recognised as one of the most time and cost-efficient ways to send and receive Euros, within the EEA.

The International Bank Account Numbers (IBAN) provide an additional layer of security for each Kinesis user who deposits their funds to Kinesis using SEPA transfers, further safeguarding them against counter-party risk.



How to easily deposit Euro into the Kinesis platform

With the new SEPA transfer option, depositing Euro into the Kinesis account takes only a few simple steps. As the user selects the Euro as the currency they wish to deposit, Kinesis auto-generates their unique Virtual IBAN accounts, which can be immediately used to send funds from their external bank account.

These virtual accounts are separate from Kinesis and are kept solely in the holder’s name at all times, further removing counter-party risk for a user.

Importantly, IBAN payment technology is designed to protect users’ account data and never disclose it, and can only serve to deposit money into the recipient’s account but makes it impossible to withdraw or transfer funds from the user’s account.

Similarly, the European Kinesis account holders can also create their unique details to make direct British Pound (GBP) deposits onto the platform from any country within the EEA.



Use gold and silver as money with the Kinesis Card

Hand in hand with the upcoming physical Kinesis Visa Debit Card (EEA), the new deposit method makes it simpler for our European community members to start using gold and silver as their everyday currency – with instant fiat conversion.

The low-cost, local deposit options make it easier for users to deposit their salaries into their Kinesis accounts and convert their earnings into spendable precious metals, each payday.

With the new SEPA deposit option, Kinesis opens up greater accessibility to precious metals for millions of people across Europe.


kinesis.money

[Peter90]

Kinesis passes Q4 audit 2023








On the 16th of October 2023, Kinesis’ strategic partner, Allocated Bullion Exchange (ABX), produced an inventory report of all physical gold and silver attributed to Kinesis Cayman.

The report was presented to Inspectorate International to conduct an independent audit, undertaken across ABX’s global vaulting network, on the 17th, 18th and 19th of October 2023.

On the 16th of October 2023, at the time the inventory reports were generated, Kinesis gold (KAU) and silver (KAG) in circulation were as follows:

KAU: 1,293,465.201 (as of ledger number 28360037, Mon, 16 Oct 2023)

KAG: 3,500,611.079 (as of ledger number 28402993, Mon, 16 Oct 2023)



All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer here. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.

The independent audit confirmed the following metal quantities held by Kinesis Cayman as of Monday, 16th October 2023.

Gold (9999 fine equivalent): 1,295,465.253g

Silver (999 fine equivalent): 3,505,603.549ozt

Inspectorate International’s independent report confirmed that Kinesis’ precious metals holdings were as stated, with Kinesis passing all criteria of the inspection.


kinesis.money

[Peter90]

But are the gold and silver really there?

View Audit of the metals backing kinesis currencies

https://kinesis.money/wp-content/uploads/2023/12/Kinesis-Audit-October-2023.pdf

[Peter90]

Q4 Snapshot


Low-cost SEPA deposits live for European users

In November, Kinesis introduced a new, low-cost SEPA deposit option to the platform. The option brings greater efficiency and value to all EEA-based Kinesis account holders, who can now deposit their Euro (EUR) funds with ease.
The addition of SEPA transfers enables European account holders to make EUR-to-EUR deposits as easily as with regular domestic bank transfers, with a fixed rate of €0.30 per transaction charged on the Kinesis side, regardless of the amount of funds sent.



Q4 2023 quarterly audit

Kinesis successfully passed the Q4 independent precious metals audit, conducted by the leading global audit and inspection specialist, Inspectorate International.
The independent audit once again verified that all Kinesis gold (KAU) and silver (KAG) within the Kinesis Monetary System are backed by 1:1 allocated physical gold and silver bullion.

The completion of Kinesis’ Q4 2023 audit provides the community with absolute reassurance that their gold and silver holdings are in safe hands. Though delivering audits every quarter, Kinesis shows an enduring commitment to upholding the highest standard of security and transparency for the Kinesis community.

The Q4 2023 audit is available to view on our website.
All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer here. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.



Indonesia

Following the official nationwide launch of the Kinesis-powered physical gold trading applications, POSPay Gold and JFX Gold X, Kinesis has already begun to see an increase in Indonesian users on the platform.
The number of accounts on these apps has steadily increased, now numbering over 5000 in total. A significant number of small gold transactions coming from individual users can be seen coming through the Kinesis Exchange, with expectations of significant growth in account and volumes in the new year.
POSPay Gold, created in partnership with the Indonesian state-run postal service, PT Pos, and JFX Gold X, created in partnership with the Jakarta Futures Exchange, provide Indonesia’s population with instant access to physical gold trading and ownership, supporting financial inclusion and encouraging the nation’s digital transformation.

This is just the beginning, and the new year will see several new initiatives, including the soft and then grand launch of NU in early Q1 2024. Kinesis gold (KAU) will be added to the mobile apps of two major Indonesian banks; the use of gold KAU is registered with Badan Pengelola Keuangan Haji – BPKH (the state-owned Hajj fund management agency) with over US$10 billion assets under management.

In addition, we are very proud to announce that PT Kinesis Monetary Indonesia is now listed as one of the very few Self-Regulated Organisations (SRO) under the Indonesian commodity industry regulator, Bappebti and the Ministry of Commerce.



Kinesis Brings Apple Pay to Kinesis Virtual Card Users

The Kinesis Virtual Card can now be added to Apple Wallet, enabling iPhone users to make contactless payments worldwide using gold, silver, and crypto — instantly converted to fiat at millions of stores globally.
With Google Pay already available, the Apple Pay integration ensures faster, more convenient in-app and web purchases for Kinesis users in 70+ countries, further expanding the utility of digital asset spending.
The Kinesis Virtual Card supports real-time transactions in gold, silver and digital currencies straight from users’ portfolio balance, with instant conversion to fiat at the point of sale, wherever Mastercard is accepted.



Gold and silver payments at physical stores

Following the launch of Kinesis Pay in February, which allows online merchants to accept payments in gold (KAU) and silver (KAG), the latest iteration of Kinesis Pay brings gold and silver payments to shops and businesses near you.
The release of new printable, reusable Kinesis Pay QR codes makes it easier for businesses and shop owners to accept KAU and KAG payments at their physical locations.
The Kinesis Pay QR codes can be downloaded from the merchant dashboard and displayed on any shop counter, enabling Kinesis users to scan the QR code and pay with their gold and silver. The new feature is expanding the real-world utility of precious metals and the visibility of gold and silver as a reliable alternative to fiat currencies.

Kinesis Pay is a highly scalable feature that connects business owners with Kinesis’ bespoke payment rail built for accepting Kinesis gold (KAU) and silver (KAG). With Kinesis Pay, Kinesis users can purchase merchants’ products and services directly, using their gold and silver as money.
The Kinesis Pay update is now available for web and Android applications, with the iOS update scheduled for release soon.



Kinesis websites in additional languages

In a significant stride forward, the Kinesis website is now made available in French, Italian, Polish and Dutch, broadening the range of already existing languages: English, LATAM Spanish, German, and Turkish.
Underscoring the company’s steadfast commitment to fostering global accessibility and inclusivity, the expansion of languages on our website opens Kinesis up to engage more diverse global audiences.
By providing information in multiple languages, Kinesis breaks down entry barriers for everyday citizens wishing to protect their savings in precious metals and creates an approachable and comprehensible hub for users from different countries.

[Peter90]

Buy precious metals & crypto with your debit card

In addition to the multiple depositing and purchase methods available on the platform, users will be able to instantly exchange their local currency for Kinesis gold (KAU), Kinesis silver (KAG) and all cryptocurrencies available on the Kinesis Exchange (except for DASH and XDC).
On a single screen, users will have the option to buy currencies using regionally available payment methods such as their debit and credit cards, as well as Google Pay and Apple Pay wallets.

Minimising the time and effort required, the new purchase method will reduce the barrier to entry of users wishing to acquire precious metals and crypto assets by simplifying the process of on-ramping to the Kinesis platform.
Available in over 165+ countries and territories around the globe, the feature is designed to serve global Kinesis users regardless of their location.


Multi-account feature 

Expanding the range of services available on the Kinesis platform, the introduction of the Multi-account feature is designed to enable Kinesis account holders to effortlessly manage multiple Business accounts within a single primary profile.
This new enhancement will grant users the convenience of switching seamlessly between their primary Individual profile and various business dashboards with a single login – bringing a new level of control over all their portfolios and businesses at no additional cost.

The Multi-account feature allows businesses of all sizes to easily introduce spendable gold and silver to their holdings and integrate with the ever-expanding range of functionalities of the Kinesis monetary system.
Among many others, merchants can integrate the Kinesis Pay plugin into each of their business accounts independently and start accepting gold and silver payments at their online and physical stores.


CoinTracking integration with Kinesis

Our upcoming integration with CoinTracking, a leading crypto portfolio tracker and tax calculator platform, represents a significant advancement in facilitating tax reporting for Kinesis users.
We are in the process of establishing a long-term partnership and integration with the platform to bring Kinesis users a significant upgrade to tax reporting on the platform.


USDC Stellar

By popular demand from our community, we have been integrating and will be releasing USDC Stellar into the Kinesis platform in Q1 2024. This will activate a cost-effective gateway for our users to bring USD onto the Kinesis platform.


New Fiat On-Ramps

Management has been working hard in collaboration with partners to bring online new fiat on-ramps to the Kinesis Monetary System for the Kinesis community. New banking options for USD, GBP and CAD are scheduled to go live during Q1 2024.


European Kinesis Card launch

The Kinesis Visa Debit Card is set to roll out across 30 EEA countries in the new year, granting Kinesis users the ability to use physical gold and silver as their primary currencies for daily transactions – with instant fiat conversion at the point of sale.
Cardholders will enjoy the chance to secure their wealth while seamlessly accessing cost-effective spending options for precious metals. The card ensures instant conversion to fiat, presenting a reliable and practical monetary choice amid conventional currencies.


Virtual Card Region Expansion

The Kinesis Virtual Card partner, BAANX, has indicated that new regions including the US will be ready for launch in Q1 2024.
We look forward to being able to finally launch these expanded regions in our community.


New Products & Partnerships

We have a long list of new products and partnerships that are scheduled for release starting in Q1 2024. These releases will align with broader outreach and well-planned marketing and PR campaigns to expand awareness and adoption.
New products include innovative digital currencies that have been developed in collaboration with partners. We consider all these products to be disruptive and evolutionary in their own ways.

Corporate partnerships from around the world will begin to be announced in Q1 and, although delayed, it appears we are not far away from announcing our second Public Private Partnership (PPP). PPPs remain a focus for Kinesis and we continue with high-level deal-making with governments around the world for existing and new products and services coming online. Government-level cooperation takes time, however, we are confident in our ability to build momentum with various new deals and developments coming online.


Kinesis Pro

The final stages of development for Kinesis Pro, the professional digital asset trading platform by Kinesis, are taking place as we approach a BETA launch. We’re pleased to announce that the closed beta will be available in Q1 2024 for selected users to test the Kinesis Pro exchange. More details will be released closer to the time of the beta program.
Centred on high liquidity trading pairs and equipped with advanced trading tools and rigorous security protocols, the exchange is positioned to offer an elite trading experience to Kinesis users aiming to expand their digital asset portfolio diversification.
The Kinesis Pro login has been interlinked into the Kinesis Monetary System providing users with this integrated benefit. We expect Kinesis Pro to be a major ecosystem and Master Fee Pool (MFP) contributor as we scale up its commercialisation in the digital asset market throughout 2024.


IEO and Venture Capital arm initiative

The Kinesis management team has been working with partners on establishing an IEO and venture capital arm to bring new and existing projects to market via the Kinesis Pro exchange.
The benefits of this service to the Kinesis ecosystem have been thoroughly explored and management deems it to be highly advantageous to Kinesis stakeholders and the community at large. Information to be released when the service is launched.


Kinesis gold-backed banknotes

In the third quarter of 2023, Kinesis forged a strategic global partnership with Valaurum to produce a unique series of Kinesis gold bills, providing gold investors and collectors with an innovative means to spend and securely store physical gold.
The bespoke Kinesis gold bills will encapsulate small denominations of physical gold bullion within banknotes, reintroducing gold as a circulating currency, and solidifying Kinesis’ leadership position in the space of precious metals spending.
These bills will be independently marketed and made available alongside Kinesis’ diverse range of gold and silver bullion products in the Kinesis Bullion store.


Kinesis Merchant Rewards Portal

The Kinesis #DevelopmentTeam  is in full flight in developing the Kinesis Merchant Rewards Portal (still to be named) which will make available to our community over 7,000 global merchant stores for online shopping. The service includes an attractive cash-back rewards program and additional commission revenue to flow into the MFP for all associated purchases.
This ecosystem solution will be a major addition to the Kinesis Monetary System and it is expected to be a significant contributor to the MFP. This is a large project and although not scheduled for release until Q2 2024, we wanted to provide our community with a teaser that this solution is coming. More information on this to come closer to the release date.


New Regional Licensing

The Kinesis legal team continues to work on new regional licences globally for a range of existing and new services. We expect positive developments in Q1 2024 on this front.


US Debit Cards and Bank Accounts

The Kinesis management team has been working with partners on a US-based physical debit card program and user bank accounts. Although this program is not scheduled to come online in Q1, we wanted to make our community aware that it is coming in 2024.


Kinesis Partner Program

Kinesis is excited to announce the launch of our partner program in early 2024. The Kinesis Partner Program aims to attract high-value partnerships with reputable and leading affiliates in the precious metals, cryptocurrency and payment services spaces.
With the appointment of a dedicated Kinesis Partner Manager and team, Kinesis is in a prime position to drive the expansive growth of the Kinesis Monetary System, amplified through the voices of official Kinesis Partners.

By joining the program, our partners will have access to earn an entirely new Partner Yield that increases proportionally to the trade volume of their Kinesis platform referrals. The Partner Yield unlocks potentially unlimited passive income in gold and silver every month, by driving new users and deposits to Kinesis.
Going beyond the monetary advantage, the Partner Program will introduce tangible bonuses and Partner events, as Kinesis continues to build a community of dedicated spokespersons that carry forward the mission and heighten its relevance across a range of financial industry niches.

[Peter90]

Q1 2024 Quarterly Audit

On the 12th of January 2024, Kinesis’ strategic partner, Allocated Bullion Exchange (ABX), produced an inventory report of all physical gold and silver attributed to Kinesis Cayman.
The report was presented to Inspectorate International to conduct an independent audit, undertaken across ABX’s global vaulting network between the 16th and 19th of January 2024.

At the time the inventory reports were generated, Kinesis gold (KAU) and silver (KAG) in circulation were as follows:
KAU: 1,324,238.381 (as of ledger number 29774013, Fri, 12 Jan 2024)
KAG: 3,559,283.245 (as of ledger number 29821297, Fri, 12 Jan 2024)

All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.

The independent audit confirmed the following metal quantities held by Kinesis Cayman as of Friday, 12th January 2024.
Gold (9999 fine equivalent): 1,326,238.381g
Silver (999 fine equivalent):  3,564,275.716ozt
Inspectorate International’s independent report confirmed that Kinesis’ precious metals holdings were as stated, with Kinesis passing all criteria of the inspection.



Kinesis Multi-account feature now available

For each business account, merchants can set up Kinesis Pay and start accepting gold and silver payments at their online and physical store locations.
Kinesis Pay is a highly scalable feature that connects business owners with Kinesis’ bespoke payment rail built for accepting Kinesis gold (KAU) and silver (KAG). With Kinesis Pay, Kinesis users can purchase merchants’ products and services directly, using their gold and silver as money.

The Kinesis business offering also includes multi-send, which enables users to send gold and silver to up to 1,000 payees at once. Business owners can use multi-send as a payroll functionality, and pay their employees’ income in precious metals, each month.

After the first phase of release, the Multi-account feature will be further developed to enable users to manage accounts on behalf of other users.
This opens Kinesis up to the multi-trillion-dollar wealth management market, by enabling wealth managers to manage their client accounts on the Kinesis platform.


There are stablecoins... and there are silver coins... 

[Peter90]

Kinesis Partner Program Beta now live

The Kinesis Partner Program gives applicants with relevant and engaged audiences the opportunity to earn a higher share of transaction fees for referring their networks to Kinesis – with the new Partner’s Yield.

Through the Partner’s Yield – the sixth yield of the Kinesis Monetary System – our partners can earn up to a 25% share of all transaction fee revenue generated across their entire referral network. 

The program will first focus on partners within the precious metals, crypto trading, and payment services spaces, although partners in other areas will be considered on an individual basis.
To ensure a smooth rollout of the full program, Kinesis will launch the partner program in Beta for a pre-selected group of Kinesis partners.


The Partner’s Yield

The Partner’s Yield is a new Kinesis yield only available to successful applicants of the Kinesis Partner Program. As partners drive more volume, the share of their networks’ fees they receive increases up to a maximum 25% of transaction fees.
Additionally, the Kinesis Partner reward structure increasingly incentivises partners as they rise through the partner tiers. 

As a unique offering in the crypto partner space, upon launch, the program is set to drive the adoption of the upcoming Kinesis Pro exchange, which features high liquidity trading pairs, cutting-edge trading tools, and top-tier security measures.

kinesis.money/company-news/kinesis-partner-program-beta-now-live/

Maybe someone here can be interested

[paid2]

OP you seem to be very knowledgeable about this project. Please let me ask, if you're ever European too, do you know if Kinesis stablecoins will be impacted by the ongoing MiCA regulation?
One of its objectives is to regulate stablecoins in the EU and, in the long term I believe, to favor the digital euro over other $tablecoins. For example, USDT should be banned in the EU from June 30. I wonder whether Europeans will still have access to the services/stablecoins we're talking about in this topic, in the short/medium term.

[Peter90]

OP you seem to be very knowledgeable about this project. Please let me ask, if you're ever European too, do you know if Kinesis stablecoins will be impacted by the ongoing MiCA regulation?
One of its objectives is to regulate stablecoins in the EU and, in the long term I believe, to favor the digital euro over other $tablecoins. For example, USDT should be banned in the EU from June 30. I wonder whether Europeans will still have access to the services/stablecoins we're talking about in this topic, in the short/medium term.

FIRST POST IN THIS THREAD FROM A NON-OP USER!
 



MICA
Kinesis has grown slowly, the main reason is that they have been trying to copy with all different regulations - present and future - around the world.
For example, 6 years ago when they made their ITO in order to raise capital, they decided to not sell their KVT in the USA in order to avoid possible issues with the regulators.
They have a partnership with the Indonesian government, and they aim to do other partnerships with public entities.
Of course a condition for any public entity to do business with you is that your track record of following regulations - all around the world - must be impeccable.

That said, will Kinesis be impacted by the MICA regulations?
I don't know.
Do MICA regulations concern precious metals?
As Kinesis currencies are gold and silver, maybe not. Maybe they are considered just as commodities.
But gold and silver are also currencies, so maybe yes.

To be honest I asked it on X, replying to a post of BIS (Bank for International Settlement) that was mentioning MICA, but of course I got no response