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Kinesis money

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Kinesis
Ticker symbolKAU, KAG
Development
White paper"Kinesis Monetary System"
Websitekinesis.money/en/

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Kinesis is a cryptocurrency and monetary system where the currency is directly allocated 1:1 to physical gold and silver. It has two primary currencies KAU and KAG[1] that are minted, traded, spent, and saved through a cryptocurrency exchange called Kinesis Currency Exchange.

History[edit]

Kinesis is founded by Thomas Coughlin, CEO of Kinesis Limited and Allocated Bullion Exchange (ABX). Kinesis as a blockchain system for trading gold was adopted in the UAE.[2]

The Kinesis Velocity Token or KVT[3] went into public sale on 10 September 2018.

Kinesis partnered with MLG Blockchain[4] and with Jakarta Futures Exchange (JFX) to help develop a blockchain exchange in Indonesia.[5][6] and to expand Indonesia's gold investments with ABX. The Indonesian National Sharia Council has endorsed the venture.[7]

References[edit]

  1. "KAU" (PDF). kinesis.money. Retrieved 2018-12-21.
  2. "Kinesis Money globally accessible and reliable". Saudigazette. 2018-11-24. Retrieved 2018-12-17.
  3. "Kinesis Velocity Token" (PDF). kinesis.money. Retrieved 2018-12-21.
  4. "Kinesis Forms Strategic Partnership with MLG Blockchain". www.businesswire.com. 2018-04-29. Retrieved 2018-12-21.
  5. Chin, Joseph. "Indonesia to develop blockchain exchange using Kinesis tech - Business News | The Star Online". www.thestar.com.my. Retrieved 2018-12-17.
  6. Akhaya, Prisca (14 November 2018). "JFX inks MOU with Kinesis Money and ABX for Indonesian blockchain project". Yahoo! News. Retrieved 26 Dec 2018.
  7. "Indonesia is Developing a Blockchain Exchange With Kinesis Technologies" Check |url= value (help). u.today. Retrieved 2018-12-17.


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