Kinesis Gold
What is Kinesis gold (KAU)？ Kinesis gold (KAU) is a gold-backed cryptocurrency launched by Kinesis;Kinesis is a global trading and digital asset utility platform. Each Kinesis gold (KAU) token is backed by 1 gram of investment-grade gold bullion and securely stored in Kinesis’s fully insured and audited vaults.KAU’s mission is to reintroduce physical gold-backed value into money and provide the global community with a stable store of value.Kinesis gold (KAU) combines the everyday utility of fiat currency with the borderless efficiency of cryptocurrency, without its inherent volatility.KAU supports the instant purchase, trading, spending, and sending of physical gold bullion anywhere in the world, enabling people to genuinely access and use the value and utility of physical precious metals. As a true stablecoin,KAU enables cryptocurrency traders to easily exit volatile markets and move into physical gold with enduring value, while earning monthly returns. What makes KAU different?KAU holders are the first in the economy to receive debt-free returns on precious metals. All KAU holders only need to store their metals on the Kinesis platform to receive passive returns paid monthly in KAU. These returns are drawn from Kinesis of 15%global transaction fee revenue and distributed to users who store gold on the platform. As of this writing,Kinesis has paid KAU holders more than$3,000,000. Unlike other gold tokens,KAU can be spent instantly worldwide through the Kinesis Virtual Card. The virtual card can be used via mobile devices, enabling people around the world to instantly convert their KAU holdings into local currency at any point of sale that accepts Mastercard. By digitizing physical gold into KAU，Kinesis has successfully reintroduced gold into the monetary system. Can I redeem my gold? Every gram of gold backing KAU can be redeemed at the touch of a button. Although other gold-backed cryptocurrencies also offer redemption, they typically set very high minimum withdrawal amounts.ERC-20 KAU is a Ethereum-based gold-backed digital asset issued by the company KMS Labs S.A., incorporated in Panama. Each ERC-20 KAU token represents a claim on KMS Labs of Kinesis KAU in the 1: 1 reserves.Kinesis KAU is the underlying digital gold instrument issued by Kinesis Cayman on the Kinesis blockchain (a Stellar fork), itself backed on a one-to-one basis by fully allocated physical gold bullion stored by ABX’s vault partners in insured third-party vaults. 1: 1 holders can transfer their tokens to the ERC-20 KAU platform to access the broader Kinesis ecosystem, including yield distributions under the Kinesis fee-sharing structure and the conversion of Kinesis tokens into the native Kinesis Virtual Card。ERC-20(and ultimately into physical gold), subject to Kinesis KAU’s terms and conditions and compliance onboarding requirements.KMS Labs’s terms and conditions and compliance onboarding requirements.
Overview
What is Kinesis gold (KAU)？ Kinesis gold (KAU) is a gold-backed cryptocurrency launched by Kinesis;Kinesis is a global trading and digital asset utility platform. Each Kinesis gold (KAU) token is backed by 1 gram of investment-grade gold bullion and securely stored in Kinesis’s fully insured and audited vaults.KAU’s mission is to reintroduce physical gold-backed value into money and provide the global community with a stable store of value.Kinesis gold (KAU) combines the everyday utility of fiat currency with the borderless efficiency of cryptocurrency, without its inherent volatility.KAU supports the instant purchase, trading, spending, and sending of physical gold bullion anywhere in the world, enabling people to genuinely access and use the value and utility of physical precious metals. As a true stablecoin,KAU enables cryptocurrency traders to easily exit volatile markets and move into physical gold with enduring value, while earning monthly returns. What makes KAU different?KAU holders are the first in the economy to receive debt-free returns on precious metals. All KAU holders only need to store their metals on the Kinesis platform to receive passive returns paid monthly in KAU. These returns are drawn from Kinesis of 15%global transaction fee revenue and distributed to users who store gold on the platform. As of this writing,Kinesis has paid KAU holders more than$3,000,000. Unlike other gold tokens,KAU can be spent instantly worldwide through the Kinesis Virtual Card. The virtual card can be used via mobile devices, enabling people around the world to instantly convert their KAU holdings into local currency at any point of sale that accepts Mastercard. By digitizing physical gold into KAU，Kinesis has successfully reintroduced gold into the monetary system. Can I redeem my gold? Every gram of gold backing KAU can be redeemed at the touch of a button. Although other gold-backed cryptocurrencies also offer redemption, they typically set very high minimum withdrawal amounts.ERC-20 KAU is a Ethereum-based gold-backed digital asset issued by the company KMS Labs S.A., incorporated in Panama. Each ERC-20 KAU token represents a claim on KMS Labs of Kinesis KAU in the 1: 1 reserves.Kinesis KAU is the underlying digital gold instrument issued by Kinesis Cayman on the Kinesis blockchain (a Stellar fork), itself backed on a one-to-one basis by fully allocated physical gold bullion stored by ABX’s vault partners in insured third-party vaults. 1: 1 holders can transfer their tokens to the ERC-20 KAU platform to access the broader Kinesis ecosystem, including yield distributions under the Kinesis fee-sharing structure and the conversion of Kinesis tokens into the native Kinesis Virtual Card。ERC-20(and ultimately into physical gold), subject to Kinesis KAU’s terms and conditions and compliance onboarding requirements.KMS Labs’s terms and conditions and compliance onboarding requirements.