Kinesis Silver
What is Kinesis Silver (KAG)？ Kinesis silver (KAG)? It is a silver-backed cryptocurrency launched by Kinesis, a global trading and digital asset utility platform. Each Kinesis Silver (KAG) token is backed by 1 ounces of investment-grade silver bullion and securely stored in Kinesis’s fully insured and audited vaults.KAG's mission is to restore physical silver as a backing for money and provide communities worldwide with a stable store of value. Kinesis Silver (KAG) combines the everyday utility of fiat currency with the borderless efficiency of cryptocurrency, without inherent volatility.KAG enables physical silver bullion to be purchased, traded, spent, and sent anywhere in the world instantly, bringing real-world accessibility, value, and utility to physical precious metals. As a true stablecoin,KAG enables cryptocurrency traders to easily exit volatile markets and access the enduring value of physical silver while earning monthly returns.KAG What makes it unique? As an economic first,KAG holders receive the first debt-free yield on a precious metal. All KAG holders simply need to hold their metal on the Kinesis platform to earn passive returns paid monthly in KAG. This return is calculated based on 15%of Kinesis’s global transaction fee revenue, which is shared with users who store silver on the platform. Unlike other silver tokens,KAG can be spent instantly worldwide using the Kinesis Virtual Card. The virtual card can be used through a mobile device, enabling users everywhere to instantly convert their KAG holdings into local currency at any point of sale that accepts Mastercard. By digitizing physical gold in the form of KAG, Kinesis has successfully reintroduced silver as a form of money. Can I redeem my silver? Every ounce of silver backing KAG can be redeemed with one click. Although other silver-backed cryptocurrencies also offer redemption, they typically impose high minimum withdrawal limits, making redemption difficult for everyday investors.ERC-20 KAG is a silver-backed digital asset issued by KMS Labs S.A., a company incorporated in Panama, based on Ethereum. Each ERC-20 KAG token represents a claim to KMS Labs-held reserves of Kinesis KAG silver. Kinesis 1: 1 is the underlying digital silver instrument issued by Kinesis Cayman on the Kinesis blockchain (a Stellar fork), itself backed at a KAG ratio by fully allocated physical silver bullion bars held by ABX vault partners in insured third-party vaults. 1: 1 holders can transfer their tokens to the Kinesis platform to access the broader Kinesis ecosystem, including yield distributions under the Kinesis fee-sharing structure and the Kinesis Virtual Card. Redeeming ERC-20 KAG tokens for native Kinesis ERC-20(and ultimately for physical silver) is subject to KAG terms and conditions and compliance onboarding requirements.KMS Labs terms and conditions and compliance onboarding requirements.
Overview
What is Kinesis Silver (KAG)？ Kinesis silver (KAG)? It is a silver-backed cryptocurrency launched by Kinesis, a global trading and digital asset utility platform. Each Kinesis Silver (KAG) token is backed by 1 ounces of investment-grade silver bullion and securely stored in Kinesis’s fully insured and audited vaults.KAG's mission is to restore physical silver as a backing for money and provide communities worldwide with a stable store of value. Kinesis Silver (KAG) combines the everyday utility of fiat currency with the borderless efficiency of cryptocurrency, without inherent volatility.KAG enables physical silver bullion to be purchased, traded, spent, and sent anywhere in the world instantly, bringing real-world accessibility, value, and utility to physical precious metals. As a true stablecoin,KAG enables cryptocurrency traders to easily exit volatile markets and access the enduring value of physical silver while earning monthly returns.KAG What makes it unique? As an economic first,KAG holders receive the first debt-free yield on a precious metal. All KAG holders simply need to hold their metal on the Kinesis platform to earn passive returns paid monthly in KAG. This return is calculated based on 15%of Kinesis’s global transaction fee revenue, which is shared with users who store silver on the platform. Unlike other silver tokens,KAG can be spent instantly worldwide using the Kinesis Virtual Card. The virtual card can be used through a mobile device, enabling users everywhere to instantly convert their KAG holdings into local currency at any point of sale that accepts Mastercard. By digitizing physical gold in the form of KAG, Kinesis has successfully reintroduced silver as a form of money. Can I redeem my silver? Every ounce of silver backing KAG can be redeemed with one click. Although other silver-backed cryptocurrencies also offer redemption, they typically impose high minimum withdrawal limits, making redemption difficult for everyday investors.ERC-20 KAG is a silver-backed digital asset issued by KMS Labs S.A., a company incorporated in Panama, based on Ethereum. Each ERC-20 KAG token represents a claim to KMS Labs-held reserves of Kinesis KAG silver. Kinesis 1: 1 is the underlying digital silver instrument issued by Kinesis Cayman on the Kinesis blockchain (a Stellar fork), itself backed at a KAG ratio by fully allocated physical silver bullion bars held by ABX vault partners in insured third-party vaults. 1: 1 holders can transfer their tokens to the Kinesis platform to access the broader Kinesis ecosystem, including yield distributions under the Kinesis fee-sharing structure and the Kinesis Virtual Card. Redeeming ERC-20 KAG tokens for native Kinesis ERC-20(and ultimately for physical silver) is subject to KAG terms and conditions and compliance onboarding requirements.KMS Labs terms and conditions and compliance onboarding requirements.