Kinesis Money: How I earn Gold every month with cryptocurrency
Today I am going to tell you about an application that I have been using for more than a year now. Gold is a safe haven for many investors as you know and I have been investing in gold for years. While doing research, I discovered Kinesis money which is very interesting for many reasons.
Kinesis Money is an application that may be of particular interest to those who wish to invest in gold and who are looking to do so in a simpler way, with cryptocurrencies.
The application allows us to buy gold but also to generate a return. This is maybe the greatest advantage of Kinesis Money.
Gold-Backed cryptocurrency : A new way to buy Gold?
Investing in gold-backed cryptocurrencies is therefore like indirectly investing in gold. Indeed, each cryptocurrency is the representation of a fragment of gold (ounce or gram for example). Thus, the price of crypto follows the price of gold. Today there are many gold-backed cryptocurrencies like Paxos Gold and Tether gold for example.
Kinesis Money, also, launched its own gold-backed cyrptocurrency: KAU. Also, this application is that it allows you to invest in gold, store it and also generate a return on it.
This is the success of this application. That’s why I’ve decided to share this this article with you, to help you better understand how it works.
Note : This is not a paid piece. However, by registering with my link, you earn 1/2 gram of Silver: Register on Kinesis Money
Kinesis Money : Overview
So, kinesis Money is a complete application with different financial services. However, the heart of the application is to offer savings by investing in gold. Indeed, with Kinesis money, you can invest in gold-backed cryptocurrencies and generate returns each month on it.
Kinesis Money is a company created and managed by Allocated Bullion Exchange, a company based in Australia, which has existed since 2011 and which specializes in the physical storage of gold and silver bullion. Thus, the company benefits from the know-how and expertise in the field of the parent company. The founding team as well as the employees are then known and have recognized expertise in the gold industry.
Similarly, the investor can also consult the audits which are carried out every six months and are posted on the site. It is a solid guarantee and insurance for investors. The great innovation of Kinesis was to want to take advantage of cryptocurrency and combine it with the asset of gold.
What is a gold-backed cryptocurrency?
On Kinesis, it is possible to buy cryptocurrency backed by gold. This cryptocurrency is created on the ratio 1:1 on physical gold. This means that each cryptocurrency has a real physical gold equivalent, stored in a vault. Thus, by using Kinesis, investors own gold and silver without having to worry about storage (and the associated costs).
As it is cryptocurrency, all transactions are recorded on the blockchain. Everyone can therefore see the different operations. We can then know who owns the gold and follow the operations.
What are KAU and KAG token from Kinesis?
Basically, Kinesis is an application sought after by those who want to invest in gold or silver but in a more economical and safer way. It can also allow anyone who cannot afford it to buy gold without going through a bank. Likewise, the company does not charge a fee for storing gold.
The gold-backed cryptocurrency on Kinesis is called KAU. The silver-backed token is the KAG token.
These cryptocurrencies can be “minted” directly on the platform. Each minted cryptocurrency corresponds to gold in the company’s vaults. Each gram of gold or ounce of silver is then directly owned by a person on the blockchain.
How to obtain gold-backed cryptocurrency?
To obtain the KAU or KAG cryptocurrency, nothing could be simpler. Just follow the following steps:
1. Register on the platform (by following our link, you immediately earn 1/2 gram of silver). 2. Now you can verify your identity with KYC process (all citizenship are accepted with the sending of a scan of your identity document). 3. Now you need to deposit funds. You can deposit from your bank account by making a transfer or deposit cryptocurrencies of your choice. For example, you can deposit bitcoin or ethereum. 4. Go to the “Dashboard” tab and directly you will see the “buy” tab. All you have to do is select the currency you deposited and the one you want to get. Enter the amount you want and voila!
5. Congratulations, you have just obtained your first gold-indexed cryptocurrencies.
Can you receive physical gold at home?
You should know that it is possible to have your physical gold or silver shipped to your home. The shipping service costs 8% on 200 ounces. If you decide to e receive gold and silver at home, then your KAU or KAG will then be deleted to respect the real ratio of cryptocurrencies on the blockchain with physical reserves.
However, be aware that if you want to receive gold at home, you run the risk of being robbed or stolen… This is why in general, when we invest in gold, we prefer to store it in a safe. Very specific.
What are the yield that can be had on Kinesis?
There are 4 major ways to generate returns on the app. Returns are paid out in proportion to what you have in your portfolio.
–> Yield of “Mint” at 5%. The “mint” builds the act of creating a new KAU or KAG cryptocurrency on the blockchain. Each time a person “mints” a new coin, he receives an annual return (in gold or silver therefore) and this forever.
–> The return of KAU or KAG holders up to 15% Everyone who owns the KAU or KAG cryptocurrency receives a monthly return in gold or silver as long as they keep these assets in their wallets. This is the simplest and most passive yield to collect on the platform. As soon as you buy KAU, you are eligible for the next return.
→ Return of the “Velocity” token at 10% Everyone is rewarded every time they trade on the platform or spend their cryptocurrencies via the Kinesis bank card.
→ The dividends of the KVT token at 20% It is certainly with the KVT that you can expect to generate the greatest returns at the level of 20% of all the income generated on the platform. The profits are then distributed proportionally to the holders of the KVT tokens. Dividends are paid in gold or silver each month.
What are the advantages of buying gold-backed cryptocurrencies instead of physical gold?
This is the first question you should ask yourself before investing and using Kinesis. The great advantage of gold-backed cryptocurrencies is that they are easy to obtain and can be transferred easily, unlike gold. The other advantage is to be able to benefit from an investment in gold which is considered a safe haven. For millennia, human beings have coveted and used gold.
Investing in gold can be a difficult investment as there can be high fees for buying and storing. Similarly, gold can be heavy to a certain amount and it is hardly divisible. This makes gold impractical for everyday currency. This is also why today, and since the end of Bretton Woods, it has become a reserve currency, a store of value. So owning gold pegged cryptocurrencies like KAU is actually like owning gold without the downsides.
The Kinesis payment card and cashback
Recently, Kinesis launched a VISA debit card to be able to spend KAU and KAG for everyday purchases. In this case, the KAU or KAG tokens will be converted into dollars, with a fee of 0.22%.
At the moment, the card is only available to US citizens. Presumably, the card will be available for citizens in Europe. For the moment, a virtual card is available that allows you to make online payments. The card is also interesting for its cashback system. Thus, by making payments, the user receives KAU in return for 2% of his purchases.
What are the fees on Kinesis?
There, we will see the costs of Kinesis. –> Transaction fees: Kinesis charges a 0.45% fee for gold and silver transfers between users. –> Purchase or sale fees: there is a 0.22% commission fee. These running costs fall into the “core cost pool”. These are then the main costs and constitute the main turnover of the platform. Now, let’s see how the company’s business model works and how profits are redistributed.
What is Kinesis’ business model?
You should know that 17.5% which is allocated for the management, storage, technology and general maintenance affairs of the company. There is 20% that is reserved for companies or governments that collaborate with the Kinesis company. Companies that use the white label service get 10% back. Then, the 52.5% is returned to Kinesis holders and users.
Does Kinesis have growth potential? What are its partnerships?
Kinesis has numerous partnerships with companies, investment banks, brokers, pension funds, brokers and traders of precious metals. This indicates a good capacity of the company to manage partnerships. The company also has a partner with Deutsche Börse/ECC who is a recognized European trading platform.
Recently, Kinesis has just signed a major public-private partnership with the Indonesian government’s postal service. This would allow Indonesians to be able to pay for the country’s postal services with Kinesis. It is estimated that nearly 2/3 of the Indonesian population (a global population of 275 million Indonesians) have limited banking access. So, while the country had banned cryptocurrencies in 2017, working with Kinesis is not an obstacle. Indeed, gold complies with Islamic Shariah. Kinesis is reportedly currently in talks with other countries about creating public-private partnerships.
This is important when looking for exponential growth. Kinesis seems to be on the right track from this point of view.
How to invest in Kinesis to receive dividends?
You should know that it is possible to buy a share of the company in the form of the token Kinesis Velocity Tokens (KVT). The KVTs will pay dividends (in KAU and KAG) to the holders, every month. Thus, KVT holders will receive 20% of the transaction fees carried out on the platform, paid in proportion to what they own.
It is then an interesting investment opportunity to have a stake in an investment company of international level and with great growth potential. Kinesis was able to do an initial fundraiser selling the KVT tokens for $1,000 each. These are ERC-20 tokens with a limited supply of 300,000 issued tokens. The company was able to start with around $190 million for start-up capital.
Note: It is possible to buy KVT only on the Kinesis exchange. However, it turns out that few people resell it. So it’s pretty hard to get…
Final word on Kinesis Money
Overall, having tried the company for a year, we can say that Kinesis is a company that seems legitimate to us. It is in a niche market with a very interesting approach to investing in gold. For new generations familiar with cryptocurrencies, Kinesis and investing in gold-backed cryptocurrencies will certainly be easier to grasp. Thus, its growth potential seems significant, in this perspective.
This is not investment advice. Any investment involves risk. Always do your own research before investing.
#kinesis #kinesisApp #gold
