As a long-serving, in-house journalist for Kinesis, Sam holds a deep understanding of the precious metals markets and is a specialist in the financial application of blockchain technology. His passion lies in the disruptive impact of blockchain technology on FinTech, bringing much-needed transparency and efficiency to the monetary space.
As a trained journalist, Sam brings a methodical and engaging approach to reporting on the gold and silver markets, resulting in his work featuring regularly on popular precious metals and financial publications, such as Silver Doctors, Zerohedge and FX Street.
*** OFFICIAL *** The partnership brings superior value and returns to citizens of Latin America, enabling them to earn a passive yield on their gold and silver. 26th October, London: Kinesis Money, the monetary system based on 1:1 allocated gold and silver, partners with major Panama-based vaulting provider, trading hub and broker, Atlas Vaults and Atlas Brokers, to bring superior value and returns to Atlas Vaults and Kinesis clients, and the wider South and Latin American region. Central to the partnership, Atlas Vaults and Atlas Brokers’ will introduce their vast Latin American client base to the Kinesis Money platform, enabling them to earn a passive yield on their precious metals holdings, with all storage and insurance costs covered. The anticipated influx of new users stands to further stimulate Kinesis’ global transactional activity, increasing the yields based on global transaction fee revenue distributed among clients monthly. Following Kinesis Money’s $2.84M October payout on gold and silver, the platform now makes its proven risk-free, usage-based yield on precious metals accessible to the Latin American region through a familiar provider. Pivotal to the partnership, Atlas Vaults’ Panama storage facility will become an approved vault within the global vaulting and trading network of Kinesis’ core partner, Allocated Bullion Exchange (ABX), as well as a member of the ABX Quality Assurance Framework (QAF). Kinesis will utilise the new vault, the 13th across 9 countries, to aggregate pricing and liquidity from a wider range of global trading hubs. In doing so, Kinesis can continue to deliver global investors the best-aggregated pricing and spreads in the precious metals industry. Thomas Coughlin, CEO of Kinesis Money comments: ”Through this newly formed Panama-based hub, Kinesis and Atlas Vaults and Brokers is gearing up to service the region with a top-to-bottom precious metals payment solution. Assisting everyday Latin American citizens in accessing true monetary value, by bringing utility to the most stable store of value in economic history.” The partnership with Atlas Vaults and Atlas Brokers will advance Kinesis’ progressive growth into Latin America. A continent with a long history of price instability and inflation shock, whose citizens will now be able to protect their wealth in assets based 1:1 on physical gold and silver. Alejandro Kapetanakis, CEO of Atlas Vaults & Atlas Brokers comments: "Atlas Vault was created to provide a highly secure and private place to store precious metals in Latin America, which would rival the best of the Swiss vaults. We believe that with Kinesis we can be part of a greater ecosystem that will provide people with an alternative to the economic chaos being caused by the Central banking system, which has destroyed the value and stability of world currencies” Kinesis Money - Kinesis Money is an end-to-end monetary system based 1:1 on physical gold and silver. Founded in 2017, Kinesis was born from Allocated Bullion Exchange, an institutional metals exchange trading globally for over a decade. In just four years, Kinesis has gone from capital raise to the world’s most traded allocated digital gold product, with $10B traded in 2021. Since its inception, Kinesis has driven rapid expansion on a global scale, with 80,000 clients amassed across 151 countries. Through robust vaulting infrastructure and innovative financial technology, Kinesis is reintroducing gold and silver as money. The platform enables citizens across the world to protect their wealth outside of the current broken monetary system. Atlas Group - Atlas Group is a major precious metal broker and vaulting operator offering specialist provision in the vaulting, broker and blockchain spaces, across all central, south and Latin America. Atlas Group comprises three core companies: Atlas International Vault HQ, Panamá; Atlas Broker HQ, Perú; and Sanctorum HQ, Costa Rica. Atlas International Vault HQ, Panamá, is a private vaulting service providing highly secure storage to its substantial LatAm client base. Atlas Broker HQ, Perú is a thriving gold and silver trading hub/broker catering to professional precious physical metals traders and wholesalers within the region. Sanctorum HQ, Costa Rica is an expert blockchain solutions consultant, with extensive experience in the application of financial technology.
In our most recent update, CEO and founder of Kinesis Money, Thomas Coughlin, would like to share the historic milestones of the Kinesis Monetary System in Q3 and provide a glimpse into the final quarter of the year. Holder’s Yield Launched and US $2.84M Payments distributed Just over a week ago, Kinesis paid the highly-anticipated Holder’s Yield - a monumental advancement for the Kinesis Monetary System and the precious metals industry as a whole. On the 6th of October, all users that were holding their gold and silver with Kinesis, received a passive yield, with the first retroactive payout valued at $2.84 million dollars. A total of 46.2 kilograms of gold and 6,047 ounces of silver were distributed back to all eligible holders of the Kinesis Monetary System, rewarding them for simply storing their precious metals with Kinesis, free of charge. With the launch of the Holder’s yield, Kinesis has brought to life its ambitious promise, proving the system’s ability to deliver on such a bold concept. Through a unique, usage-based model, Kinesis has paid a debt-free passive yield on physical gold and silver for the first time in economic history. As Kinesis continues to build its reputation in the precious metals space, we expect a significant influx of new investors into the system, who may have previously been holding their metals with less advantageous providers. An official statement around percentages and detailed figures will be released in a press release separately in the coming weeks. Send digital assets via email This quarter, Kinesis users saw the launch of the new ‘send-to-email’ payment functionality, streamlining the process of sending all digital assets available on the Kinesis platform, including KAU, KAG and KVT, at the tap of a button. This feature opened up the avenue for existing system participants to invite new, prospective users onto the platform, with only the email address of the recipient required. Kinesis users can now pay for services in gold and silver via desktop and mobile, effectively transforming the way precious metals and crypto feed into daily transactional life. In advance of the upcoming Referrer’s yield roll-out, the ‘send-to-email’ feature has ensured that every time a sender completes an accepted transfer to a recipient, they will automatically qualify to receive the Referrer’s yield for that referee. Segregated facility With the launch of the new Kinesis segregated storage facility, Kinesis expanded the existing Exchange Physical for Digital (EPD) program and introduced a new mechanism for users to bring their eligible* coins and bars into secure Kinesis’ vaulting facilities. This update has meant that investors worldwide can now convert the fine weight of their holdings into Kinesis gold (KAU) and silver (KAG), and thereby access all the benefits of the Kinesis Monetary System while maintaining their collection.Find out more about our segregated facility - here. PosGO Indonesia After the months-long spikes of Covid-related issues that caused country-wide lockdowns, 100% work from home mandates and the banning of any public events, the situation has finally abated to the extent that by mid-September the country had begun to gradually open back up and ease into a state of relative normalcy. Currently, there are still capacity limitations on both private and public gatherings and events. However, we remain hopeful the country will continue to open up again fully within the near term. In turn, we anticipate that both PT POS and the Indonesian government’s goal and plan to launch PosGO Syariah to the widest possible audience will happen shortly. As previously, both the global Kinesis team and Indonesian Kinesis tech & business development teams have continued to work and add value to the PosGO Syariah offering. During this time, the Kinesis teams were: integrating on/off ramps and embedded bank accounts from three additional banks – UOB Bank, Artha Graha Bank, Sinar Mas Bank - which now includes six leading local banks in total; automating several back office and reporting modules with the national exchange groups (ICDX and JFX), as well as with the regulator (Bappebti); methodically formulating integration and business development agreement with the Indonesia Migrant Worker Protection Agency (the government agency representing over 5 million migrant workers overseas) successfully enhancing the KAU overseas remittances offering. Kinesis will update the community once there is a firmer timeline for a country-wide launch of PosGO Syariah across Indonesia. However, in its current state, PosGo, which is one of the largest public-private partnerships in economic history - firmly directs Kinesis in a straight line toward the long term and sustainable success for the company, the community, and all stakeholders. As a reminder, PosGO Syariah is directly integrated with Kinesis KAU. As such, every transaction in KAU on PosGO Syariah results in transaction fees that go into the Kinesis Master Fee Pool. Business Operations Team The Business Operations team continues to strategically grow, with global talent joining Kinesis across Sales, Compliance, Delivery, Customer Service and Global Administration. Additional roles will be filled in the coming quarter to realise enhancements, most notably with regard to fiat deposit/withdrawal and compliance review efficiencies. Business Development appointments and strategy will also be a focal point in the quarter ahead. Scalability remains a core component of the Business Operations recruitment drive, and a structure is now in place which is designed to grow seamlessly as our diverse user base does. In addition to the strengthening of the Operations team dynamics, Kinesis continues to explore relationships with exciting service providers across the world as we strive to provide enhanced fiat on and off ramps and expand our bullion deposit and redemption facilities for the Kinesis community. Expect announcements surrounding exciting strategic partnerships to soon be released. Kinesis Monetary system expansion and upgrades Additional crypto trading pairs As we continue to expand the range of cryptocurrencies available on the Kinesis Exchange, the addition of Dash (Digital Cash) and Bitcoin Cash (BCH) further enriches Kinesis users’ selection of the most in-demand coins, globally. Next in the line-up are Ripple (XRP) and Cardano (ADA) where work is currently underway in line with our development roadmap. Every additional cryptocurrency brought onto the platform benefits from the technology and utility of Kinesis, such as the ‘send-to-email’ payment feature. Mobile-friendly web and Sign in with Google We are constantly monitoring the performance of our websites and how the community is interacting with our platform. In line with global trends, we have recently upgraded our Kinesis Monetary System (KMS) web platform to be very mobile-friendly, providing you full KMS functionality on the go and allowing it to be used on more browsers and different form factors than ever before. From mobiles and tablets to smart televisions and other modern devices with inbuilt browsers, these features complement our mobile app available in the Apple and Google stores. In the next quarter, we will release a new feature that will allow you to sign in to our web platform using the one-click “Sign in with Google” for those that have a Google account. This will make it faster and easier to access your account than ever before. Security in our platform is very important to us, as an extra level of protection, users will still need to enter your multi-factor authentication code (MFA) to access, trade or transfer funds from your account. Looking ahead to Q4 Yield Engine Upgrade - The Kinesis Velocity Yield In response to feedback from the community, we have decided to improve the yield engine by replacing the Depositor's yield with the Velocity Yield, which rewards users every time they trade on the Kinesis Exchange or spend on the Kinesis Debit Card. With the introduction of the Velocity yield, we are embracing a new element to the Kinesis yield engine, designed to supercharge the transactional velocity of Kinesis gold and silver currencies, and reflecting their intended use as utilities with fundamental spending power. The Velocity Yield fee allocation is being increased from 5% to a newly set 10% on 1 November 2021, providing an increased incentive to utilise the Kinesis System. As with all Kinesis yields, the first payout of the Velocity yield will be retroactive, meaning that it will be retrospectively applied to all Kinesis participants' previous trading and spending activity. We will announce more on this yield engine upgrade when approaching its release. Referrer’s Yield Later this year, Kinesis is set to launch the Referrer’s yield, as the third yield of five to be released under the Kinesis Monetary system. Following the release of our latest ‘send-to-email’ feature, the Referrer’s yield is set to trigger a mass onboarding of new users to the platform. Through referring new system participants - friends, family, and business associates - the existing user automatically becomes eligible to receive a 7.5% share of every single one of their referee’s Kinesis transaction fees. Alongside the forthcoming release of the Referrer’s yield, the Referrer’s interactive dashboard will enable Kinesis user participants to view those they have successfully onboarded to the platform and track their yield revenue generated from each referee. The galactic-themed dashboard will introduce gamification concepts that reward referrers with bonuses and gifts, whilst tracking progress and celebrating milestones. New HQ Over the coming months, Kinesis is set to unveil our new Liechtenstein Headquarters, situated above a 7,000 square-foot state-of-the-art vaulting facility in the capital city, Vaduz. A progressive regulatory framework as it pertains to our business and the rights of our users was a primary driver in the section of Liechtenstein. We sent the creative team over to do some filming to lift the veil on the Lichtenstein operation. Stay tuned as Andrew Maguire will be taking you on an exciting tour of the new Kinesis AG operational facilities and showcasing the state-of-the-art vaults, in the weeks to come. The Kinesis Physical Mint Kinesis is excited to introduce the Kinesis Bullion store, where investors will be able to add Kinesis gold and silver bullion to their coin and bar collections, produced at the new Kinesis Physical Mint facility. The Kinesis Physical Mint is now set up for large-scale production of investment-grade Kinesis coins and bars. Through controlling each stage of the production process from end-to-end, Kinesis ensures that all bullion is of the highest quality with our initial range being of minimum metal fineness of 9999 gold and 9999 silver. Each coin and bar has been designed and pressed entirely in-house, featuring bespoke designs conceptualised by our in-house artists. Kinesis users will be able to choose from our debut coin and bar series, finessed with the artistic motifs of the Egyptian and Greek Goddesses, Ma’at and Themis, to represent the intrinsic values of the Kinesis ecosystem. We look forward to sharing our coin and bar designs with Kinesis users and the wider precious metals community, closer to launch. Debit cards We will soon be announcing an exciting collaborative global partnership in the debit card, banking and digital asset lending space. The services from this partnership have been scheduled for a phased roll-out starting this quarter and they will be globally inclusive. Our UK and Europe debit card program partner integration was completed during Q3 in accordance with the roadmap, however, awaits final regulatory approval which we all await with great anticipation. We will be ready for an immediate launch once we cross this final hurdle. Extensive regulatory and compliance work has been conducted on the debit card and banking side to ensure that a smooth rollout with premier providers is handled properly for both longevity and stability. Our combined service offering will be of extreme value to customers and will be strongly commercialised in targeted regions. Stay tuned for upcoming announcements in this space. Regional Partnerships Our regional partnership teams have been busy signing and building out an aggressive integration pipeline of foundational and commercial anchor partnerships across the world. There has been a significant emphasis on selecting strong partners to be part of the Kinesis global growth story far into the future. In Q4 we will begin announcing and launching a number of these partnerships in the strategically correct order, along with building out a global business development team to specialise in certain markets we wish to significantly infiltrate. Watching the momentum build with partnerships will be exciting, particularly once our partner API suite is complete also during this quarter. Onboarding Kinesis Money is currently working to update the process by which users deposit funds to their Kinesis account and Wallet. In a continued effort to enhance the speed and efficiency of depositing funds into a Kinesis account, our company looks to introduce enhanced on-ramping functionality. Legal Kinesis will continue to expand its global corporate footprint and will as a matter of course, seek appropriate licensing in jurisdictions. As regulators across the globe continue to draft legislation surrounding digital assets and digital asset exchanges, Kinesis recognises the importance of working with regulators and operating within the appropriate regulatory framework to ensure the continuity of the Kinesis Monetary System. We will keep the Kinesis community informed as we further build our operating structure. Recruiting and hiring The Kinesis team continues to expand with significant time and resources spent securing the best talent possible around the world. Each member of the Kinesis team has been hand-picked due to their exceptional skills. We have recruited heavily across multiple departments over the last quarter with new additions to our Business Operations, Marketing, Finance and Technology teams. The creation of new roles has allowed us to significantly increase productivity and output across all departments with Kinesis now employing over 100 people worldwide. If you are an exceptional individual with a passion for Fintech be sure to check out our social media channels or reach out to firstname.lastname@example.org for more details. Conclusion As Kinesis looks to Q4, we would like to acknowledge the monumental progress and achievements that have been realised in recent months. With the payout of the Holder’s yield, Kinesis delivered on yet another industry-shifting yield - the first in economic history to reward holders for simply storing their gold and silver. As the most accessible of the five yields and as a matter of design, the Holder’s yield is the epitome of the Kinesis objective: to bring about a monetary system where everyone can access the enduring benefits of owning gold and silver.
*** OFFICIAL *** By distributing profits from transaction fees, Kinesis provides a genuine low-risk alternative to investors at a time of uncertainty and heightened risk among traditional investments 30th September, London: Today, Kinesis Money, the monetary system based on 1:1 allocated gold and silver, launches its Holder’s Yield, whereby a portion of the yield pool, currently valued at $17.5 million, will be distributed every month to people who hold gold and silver with Kinesis. Until now, revenue amassed from the trading or investment in gold was speculative and subject to market fluctuations. Kinesis offers a competitive alternative, with a yield-sharing model that allows participants to increase their holdings of gold and silver, by paying a yield of 15% of overall transaction costs back to them each month. This unique yield system makes Kinesis the only logical place to own gold, as Kinesis stores its metals in world-leading non-bank vaults and covers all storage and insurance costs on behalf of Kinesis users. Gold investors who switch to Kinesis can earn a yield on all gold holdings, as opposed to paying monthly fees like storage and insurance. The Holder’s Yield combines the stable, enduring value of physical gold with a revolutionary model wherein users can earn a risk-free yield based on the mutual sharing of transaction fees as well as get access to its native trading exchange for a complete metals portfolio management solution. Importantly, as inflation begins to soar globally, The Holder’s Yield, paid out monthly in gold and silver, offers a virtually inflation-proof model for the creation of a fortified digital asset portfolio, designed for inherent growth and persistent value – an unmatched way of safeguarding wealth in today’s unpredictable economic climate. Marking a pivotal turning-point for the precious metals industry, gold has never been more accessible than at this very moment; Kinesis has taken gold, one of the most stable stores of value, and transformed the banking infrastructure surrounding the once hoarded, impracticable asset, so that it can be transacted like any other currency intended for mainstream uptake. Cementing what is an industry first, the Holder’s Yield is just the second of five yields that Kinesis will be bringing online over the course of 2021/2022, making Kinesis gold and silver one of the most exciting investments in the precious metals space in the last decade. Thomas Coughlin, CEO of Kinesis, says: “We’re calling on gold investors to make the switch to Kinesis. The Holder’s Yield is not just an industry first, it’s an economic first that renders traditional methods of storing gold obsolete. The yield that we distribute is based purely on transaction fees, meaning it can only generate a positive return – and with our growth, this will only keep growing. By turning the economic model on its head, and distributing some of our profits, we are creating a fairer and more ethical environment for our users to promote and encourage the use of digital gold.” Andrew Maguire, Director of Kinesis, says: “What we’re witnessing here is truly revolutionary for the precious metals industry. It’s unheard of; a yield system based on usage and transaction fee sharing is the solution to risky trading strategies and debt-based loan systems where people’s investments are at risk. And guess what? It’s just the beginning.”
We are proud to announce the launch of a new segregated storage facility for gold and silver coins and bars, now accessible through the Kinesis Mint. This means that users can now bring their eligible* coins and bars into secure, segregated storage within the Kinesis vaults, through the Exchange Physical for Digital (EPD) process. The expansion of the existing EPD program to incorporate gold and silver coins and bars, allows collectors worldwide to convert the fine weight of their holdings into Kinesis gold (KAU) and silver (KAG), and access all the benefits of the Kinesis Monetary System. Industry-first In a first for the precious metals industry, coin and bar holders are now able to bring real-world value to their collections. With users able to spend their KAU or KAG balance earned from the EPD (coins and bars), providing they maintain a ⅔ balance, at the end of each calendar month. Additionally, through EPD (coins and bars), holders can benefit from the security and access of Kinesis’ segregated vaulting, while earning a yield on their holdings, paid monthly in KAU and KAG. Ground-breaking liquidity Previously, if a coin or bar holder wished to gain liquidity on their collection, they would have no choice but to go through the drawn-out and irrevocable process of selling their holdings. Through Kinesis’ new segregated facility, once deposited, users are able to access instant liquidity on their coin or bar holdings, while maintaining the right to redeem those same coins or bars deposited, at any time. Can I redeem my coins and bars? In terms of redemption, the depositor holds the exclusive right to redeem their segregated coin and bar holdings and can do so, at any time, with the applicable redemption fees applied. How does segregated storage work? The coins and bars will be segregated within the ABX cage at the participating vaulting provider, with depositor and inventory details being attached to the deposit record.In circumstances where the coin or bar deposit is below the fineness of .9999 for gold and .999 for silver, Kinesis has implemented strict rules to ensure that 1 KAU remains based on an exact 1:1 allocation of 1 gram of .9999 fine physical gold bullion and 1 KAG remains based on an exact 1:1 allocation of 1 oz of .999 fine silver, and the integrity of the Kinesis Monetary System is preserved, at all times. How does it work? Kinesis users wishing to deposit coins or bars will need to have their coin and/or bar collection assayed at their expense with a service provider of Kinesis’ choosing. The assayer will provide Kinesis with details of the fine weight of the gold or silver contained in each submitted coin and/or bar. Kinesis will only recognise the fine weight of the metal that each coin contains. The fine weight of the gold or silver contained in the coins and bars will then be emitted as KAU or KAG into the depositor’s account. Tried & tested The segregated facility program has already been beta tested and is in use with an anchor investor depositing approximately 1,600 gold coins into the system, with each and every coin being catalogued and photographed. These coins will be represented and publicly available in the next Kinesis audit. Furthermore, we have already received significant interest from major private collectors, as well as other larger entities within the precious metals sphere. In enabling users to digitalise their gold and silver coins and bars, Kinesis is offering users a service unique within the precious metals industry. The new segregated facility opens up the liquidity, security and value of the Kinesis Money platform to an entirely new section of the precious metals market. Find out how to digitalise your coins and bars today. EXPLORE *Click here to see EPD (coins and bars) requirements. *Click here to see fees.
In our latest update, CEO and founder of Kinesis, Thomas Coughlin, would like to share with you the historic achievements of the Kinesis Monetary System in the second quarter of the year and provide further insight into Q3 2021 and beyond. Yield engine launch and Minter’s yield payments distributed With the much-anticipated launch of the Kinesis yield engine in Q2, Kinesis paid out a non-debt based yield on gold and silver for the first time in economic history. On 7th July 2021, Kinesis distributed 14,052 grams of gold (KAU) and 1,686 ounces of silver (KAG) back to the minters of the Kinesis Monetary System. To supplement the engine launch, the Interactive Yield Dashboard was integrated into the Kinesis Money platform interface. The intuitive Yield section introduces the Master Fee Pool chart and the yield dashboard presenting a clear breakdown of circulation, allowing for transparent tracking of all 5 yields that Kinesis system participants will receive monthly. Please note, the Yield Dashboard will be continually enhanced with charts, daily updates then real-time updates being implemented over the remainder of the year. The Kinesis community, as well as the wider precious metals community, look forward to the rollout of the remaining 4 Kinesis yields throughout the year, starting with the Holder’s yield. Indonesia The resurgence of COVID-19 within Indonesia has caused country-wide lockdowns, 100% work from home mandates and the banning of any public events, which has resulted in delays in the wide-scale roll-out plan for PosGO Syariah. Unfortunately, these are events and third-parties that we have little control over. It has been both the PT POS and the Indonesian government’s goal to launch PosGO Syariah to the widest possible audience at the start, to generate momentum and thus account take-up. Once the current health crisis facing Indonesia has been curtailed (not eliminated), the PT POS and Government plan for PosGO Syariah will be initiated. That said, there is a small silver lining to this delay: During this period of pre-countrywide launch, Kinesis has expanded our operation in Jakarta including the addition of a highly experienced IT development team and a head of Indonesia business development. The Kinesis Jakarta team, in conjunction with Kinesis head office, have been active in adding additional features and services to the PosGO Syariah app that will significantly enhance the product offering and thus, adoption. Such additions include the integration on to the PosGo Syariah app of other major local banks (including BCA and OCBC), as well as integrations with multiple large Indonesian e-wallet and payment companies, such as OVO (owned by Grab), Gopay (owned by GoJek), E2Pay and Linkja. At least one or more of these e-wallet payment services are accepted by 80+% of all brick and mortar and online merchants across all of Indonesia. Once we have a more firm timeline for the country-wide launch of PosGO Syariah, we will update the community. On a final note, all of the products and services on PosGO Syariah have been replicated for the other major roll-outs: NUGold, JFXGrit, etc. and a sequenced launch of these will follow close behind PosGO Syariah. All-New Kinesis website Over the last five months, the Kinesis team has focused on rebuilding the company website. The result of the combined effort of the design, content and development teams provides a new segmented site structure, tailored to the vertices we are targeting: personal finance, investing and trading. Following consultation from a high-profile external UX agency, the information architecture and user experience of the new site has been carefully constructed to make Kinesis accessible to each of our target markets. The complete redesign of the website breaks down every aspect and product of the Kinesis system, providing a smoother access point for new users to explore the Kinesis offering. The new site is currently in its final stages of performance testing, and with excitement mounting around the launch of the Kinesis yield engine, the release will provide the perfect platform to introduce new users to the Kinesis Monetary System. Recruiting and hiring We have dedicated significant time and resources to restructuring and building out our team to handle significant future scaling in the Kinesis operation. This has included heavy recruitment across our Customer Support, Account Executive, Marketing and Technology functions. The Kinesis team has increased in size significantly this year in line with the exponential growth we have been experiencing, with noteworthy additions across most departments. Both the Customer Service and Account Executive team numbers have been bolstered, with a total of 10 Customer Service Agents and 10 Account Executives spread across the globe to assist and act as a personal point of contact for our global user base. New recruits will continue to join and undertake training in the coming months. We have also appointed a Head of Sales, who is responsible for the coordination of efforts of the Account Executive teams to keep the Kinesis Community well briefed and supported across all things Kinesis. Welcome appointment of Chief Technical Officer. One particularly noteworthy addition to the Kinesis team comes in the form of our new Chief Technical Officer, Jason Noorman. Jason Noorman joins us with a wealth of experience, having previously worked in fintech, telecommunications, insurance and most recently as CTO for The Pepperstone Group, a leading retail forex and CFD broker. Kinesis UK & EU Debit card program update Due to a delayed regulatory process largely resulting from the COVID-19 pandemic and related government shutdowns and restrictions, this card program will not initially be operated from Kinesis in Liechtenstein, with the new EEA entity established to launch this program in partnership with Contis. Kinesis Monetary system expansion and upgrades LTC Kinesis once again expanded its range of cryptocurrencies, with the addition of Litecoin (LTC) made available for trading on the Kinesis Exchange. The leading crypto asset offers a choice investment, and widens the range of trading pairs available to Kinesis users, enabling the trade of Litecoin with a range of fiat pairs and crypto assets, as well as Kinesis gold and silver-based digital currencies, KAU and KAG. CSV Alongside the launch of Litecoin onto the Exchange, we recognise that successful investing entails accurate, transparent record keeping. In order to simplify this process, Kinesis integrated CSV transaction statement functionality, viewable through the Accounts tab or from the Kinesis Exchange itself. CSV (comma-separated values) file statements are a reliable choice of integration for Kinesis members for accessing downloadable trade data for tax purposes. Multi-currency deposits In an important update for the global Kinesis community, the introduction of multi-currency deposits, allows Kinesis users to deposit in an additional 9 major currencies. The new deposit feature enables users to deposit in 9 native currencies, with their deposit automatically converted to USD at a favourable exchange rate. The update brings greater access and value to Kinesis users worldwide, enabling them to deposit funds in their preferred currencies. Exchange Listings Kinesis was proud this quarter to announce its listing on the BHEX Exchange, meaning that users can buy, sell or trade Kinesis native currencies KAU and KAG gold outside of the Kinesis Monetary system. As our first official external listing on a leading, technology-driven exchange platform, this marks a mammoth step forwards in the international adoption of the Kinesis Monetary System. Looking ahead to Q3 EPD (coins and bars) – Segregated Facility We are proud to announce the launch of a new segregated storage facility for gold and silver coins and bars, enabling users to bring their eligible* coins and bars into secure, segregated storage within the Kinesis vaults, through the Exchange Physical for Digital (EPD) process. The expansion of the existing EPD program to incorporate gold coins and bars, allows collectors worldwide to convert the fine weight of their holdings into Kinesis gold (KAU) and silver (KAG), and access all the benefits of the Kinesis Monetary System. What are the benefits? Through EPD (coins and bars), coin holders can benefit from the security of Kinesis’ segregated vaulting, while earning a yield on their holdings, paid monthly in KAU and KAG. How does segregated storage work? The coins and bars will be segregated within the ABX cage at the participating vaulting provider, with depositor and inventory details being attached to the deposit record. In circumstances where the coin or bar deposit is below the fineness of .9999 for gold and .999 for silver, Kinesis has implemented strict rules to ensure that 1 KAU remains based on an exact 1:1 allocation of 1 gram of .9999 fine physical gold bullion and 1 KAG remains based on an exact 1:1 allocation of 1 ozt of .999 fine silver, and the integrity of the Kinesis Monetary System is preserved, at all times. Can I redeem my coins? In terms of redemption, the depositor holds the exclusive right to redeem their segregated gold coin and bar holdings and can do so, at any time, with the applicable redemption fees applied. A full breakdown of the new segregated storage facility can be found on our new EPD page – here. How does it work? Kinesis users wishing to deposit coins or bars will need to have their coin and/or bar collection assayed at their expense with a service provider of Kinesis’ choosing. The assayer will provide Kinesis with details of the fine weight of the gold or silver contained in each submitted coin and/or bar. Kinesis will only recognise the fine weight of the metal that each coin contains. The fine weight of the gold or silver contained in the coins and bars will then be emitted as KAU or KAG into the depositor’s account. Yields With the successful distribution of the Minter’s yield behind us, the remaining Kinesis yields will be brought online and paid out throughout the year. As it stands, the total amount designated for all 5 Kinesis yields is made up of 147,549 grams of gold (KAU) and 17,706 ounces of silver (KAG). The next yield to come online will be the Holder’s yield, which will see our users receive a passive yield paid on every single gram of gold and silver held with Kinesis. Currently, the Holder’s fee pool contains 42,156 grams of gold (KAU) and 5,059 ounces of silver (KAG), with a dollar value of $2.58 million, at the time of writing, all waiting to be distributed back to the holders of the Kinesis Monetary system. The payout of $2.58 million dollars worth of gold and silver back to our users, simply for holding their precious metals with Kinesis, free of charge, stands to act as a powerful catalyst for the growth of the Kinesis system. Following the Holder’s Yield and also coming in Q4 will be the Referrer’s Yield. The current value of this yield to be distributed back to referrers is 21,078 grams of gold (KAU) and 2,529 ounces of silver (KAG) with a combined dollar value of $1.29 million, at the time of writing. This yield combined with the scheduled release of new functionality will allow existing users to send KAU, KAG and other cryptos to non-users via email and later SMS will incentivize and supercharge the phased organic expansion of the Kinesis Monetary System. Whitelabel Services Over the course of Q3 and Q4, we are driving forward with our Whitelabel application development and are set to deliver a Whitelabel model to partners over this year and into 2022. Kinesis will deliver gold savings, trading and banking services to a wide array of our partners, with several contracts already in place for these services in various regions. Although we are unable to reveal details at this time, we look forward to sharing these exciting partnerships with the Kinesis community in due course. Further exchange listings Following our first successful listing, we will celebrate the integration of Kinesis native currency onto Emirex and P2PB2B exchange platforms. With these future listings, we will continue to establish the growing global presence of Kinesis digitalised physical gold and silver, by augmenting its trade capacity, both inside and outside the Kinesis Exchange. Audit update At present, the COVID-19 restrictions enforced within Australia are still preventing the independent third-party auditors engaged by Kinesis from conducting audits of the Kinesis’ vaults located in Australia. As soon as restrictions are lifted, we will be able to provide an updated time frame for Kinesis’ biannual independent audit. New Product & Program Development We wish to advise that we continue to work on new products and programs within KMS, all of which are exciting and compelling. All current product and program works will be released throughout the course of this calendar year with a number of releases during Q3. Details will be forthcoming at the time of release. New roadmap Alongside the launch of our new website, we are proud to publish the updated Kinesis roadmap, which maps out the milestones that will mark our progression throughout the rest of the year. Summary With Q3 underway, it’s important to reflect on what has been a historic year for Kinesis, thus far. In paying out a yield on gold and silver, we’ve achieved what thousands of years of economic history could not. The yields sitting in the accounts of Kinesis minters, serve as proof that our ambitious vision of a fair monetary system, rewarding all who participate, is well on course to being fully realised. We must all pause to consider that Kinesis’ already impressive growth has taken place without the key feature of Kinesis, the yields, being online. Further, in understanding high-level commercial strategy and potential, Kinesis at this time has only opened itself up to the precious metals investment community. This market is unfortunately a relatively small market in comparison to the greater investment, payment & banking and crypto markets, which we will be sequentially targeting with compelling differentiated value throughout this year and next as we release new services. The Kinesis team has been restructured and we have been aggressively recruiting to be able to rapidly scale our operations in other markets as other core services come online. Our strategy and corporate positioning will also become apparent as we roll-out across different markets across the globe. We have kept our powder dry to date, but positioned ourselves well to capitalise on macro trends and events. As the remaining yields are brought online, we will begin ramping up our marketing and commercialization efforts. Over the course of 2021, we anticipate a significant influx of new users, as awareness of the unique opportunity, Kinesis presents grows within the precious metals space and beyond. As we venture into the year ahead, make sure to take a glance at the new roadmap that details what you can expect from Kinesis in Q3 and Q4. Best regards, Thomas Coughlin
Kinesis introduces British pound (GBP) trading pairs, available on the Kinesis Exchange from today. As well as trading GBP pairs on the exchange, Kinesis users are now able to simply buy or sell gold, silver and crypto in pound sterling via the Kinesis Money dashboard. The exciting addition of the pound (£), delivers greater access, value and simplicity for Kinesis users holding the British currency. Welcome news for the many UK-based Kinesis users, the inclusion of the pound marks another step in the progression of the Kinesis Money (KM) platform. With the addition of Pound sterling, UK-based traders and investors are now able to experience the benefits of the KM platform in their everyday, local currency. For the rest of the global Kinesis community, the availability of the pound presents trading opportunities across a wider variety of pairs. Additionally, Kinesis users from the UK now have the advantageous option of depositing and withdrawing funds in Pound sterling, without the need for conversion. What can I trade on the Kinesis Exchange? The latest addition to the platform means Kinesis users now have the ability to trade Pound sterling against all other assets on the Kinesis Exchange, including Kinesis gold and silver-based digital currencies, KAU (Gold) and KAG (Silver). The Kinesis Exchange provides simple, convenient and low-cost trading between: Pound sterling (GBP)Kinesis gold (KAU)Kinesis silver (KAG)Bitcoin (BTC)Ethereum (ETH) Following on from the addition of Bitcoin and Tether last year, Kinesis will continue to diversify our trading ecosystem. More news for UK-based Kinesis users In another important announcement for our UK users, Kinesis is launching the UK & European physical Kinesis Visa Card program in Q2 2021. The physical Kinesis VISA card enables cardholders to instantly liquidate and spend their physical precious metals or cryptocurrency, anywhere in the world VISA is accepted. With high limits and global cash withdrawals, the physical card connects Kinesis currencies with everyday banking. The addition of GBP trading pairs represents another important milestone in the progression and global accessibility of the Kinesis Money (KM) platform. Kinesis will continue to establish the Kinesis Exchange as a borderless trading hub and the premier platform for trading digitalised physical precious metals and cryptocurrency globally. View our new pairs and make a deposit today. LOG IN