Initial Minting Offer (IMO) Bonus Terms Explained

Offer 1:

Receive 1 KVT per US$100,000 of KAU or KAG minted during the Initial Minting Offer

Kinesis is pleased to offer 1 KVT per US$100,000 of KAU or KAG minted during the Initial Minting Offer (IMO).

Each $100,000 amount is cumulative in time and type, meaning the US$100,000 amount can be reached from multiple mints (a first mint of US$75,000 and a second mint of US$25,000 during the IMO) and in the form of multiple Kinesis currencies (the first mint of US$75,000 is in the form of KAU and the second mint of US$25,000 is in the form of KAG during the IMO). In order to be eligible for a second KVT under this program, the minter must exceed a second amount of US$100,000, or US$200,000 cumulatively during the IMO, and so on.

The value of the amount minted will be Total Price of the transaction, taken at time of minting, as seen below.

The KVT is not divisible and minters who do not meet or exceed each unique US$100,000 threshold during the Initial Minting Offer will not be eligible to receive any KVT(s). KVTs accrued under this program will be distributed at the end of the KVT public sale period. Kinesis will contact all eligible minters at the end of the Initial Minting Offer to confirm their number of eligible KVTs under this program. KVTs are offered under this program in accordance with the terms of the Token Sale and Use Agreement or the Simple Agreement for Future Tokens, as appropriate, which the minter originally entered into for the purpose of acquiring previous KVT.

Please note that Kinesis may change or discontinue this offer at any time during the Initial Minting Offer at its discretion, whereby it would communicate this decision via email, its website and the recognised Kinesis Telegram group.

Any person availing themselves of this offer and having the ability to mint by buying Kinesis Currency or transferring bullion for EPD is required to have signed up to the Terms of Use and completed KYC as appropriate during the application process.

Offer 2:

Receive 1 KVT if your bullion transport costs exceed US$1,000

Kinesis is pleased to offer 1 KVT to existing bullion investors who transfer their bullion holdings to Kinesis under the EPD process and mint Kinesis currencies, where their costs incurred for moving such bullion exceed US$1,000.

If you are storing metal at another approved location and would like to move your metal to Kinesis and mint Kinesis currencies, please contact us for further details.

In order to qualify you must:

  • Comply with the ABX Quality Assurance Framework for the bullion deposit process;
  • Provide an invoice from an approved transport agent showing the details of the costs incurred for bullion transport, in excess of US$1,000;
  • Mint your deposited bullion into KAU or KAG during the Initial Minting Offer.

Please note that Kinesis may change or discontinue this offer at any time during the Initial Minting Offer at its discretion, whereby it would communicate this decision via email, its website and the recognised Kinesis Telegram group.

There is a maximum of 1 KVT per customer. KVTs accrued under this program will be distributed at the end of the KVT public sale period. Kinesis will contact all eligible minters at the end of the Initial Minting Offer to confirm their number of eligible KVTs under this program. KVTs are offered under this program in accordance with the terms of the Token Sale and Use Agreement or the Simple Agreement for Future Tokens, as appropriate, which the minter originally entered into for the purpose of acquiring previous KVT.

Any person availing themselves of this offer and having the ability to mint by buying Kinesis Currency or transferring bullion for EPD is required to have signed up to the Terms of Use and completed KYC as appropriate during the application process.

For more information on the EPD process and requirements for bullion deposit, please visit our EPD page, here:

Offer 3:

Limited 3x multiplier on minted currencies

3x multiplier when calculating Minter’s Yield on Kinesis Currencies minted during Initial Minting Offer (IMO)

The IMO period runs from 2nd April to 7th October, 2019. Take advantage of this limited-time offer which provides a 3x multiplier effect to the Kinesis Currencies you mint when calculating your proportional entitlement to the 5% of transaction fees allocated to the Minter’s Yield pool.

For example, a minter who mints 1,000 KAU during the IMO period will, in perpetuity, be recorded as having minted 3,000 KAU when calculating their proportional contribution to the total number of KAUs in circulation. Please note, this does not mean a minter will receive any extra Kinesis Currencies from minting in their e-Wallet; it applies only for the purposes of the Minter’s Yield calculation.

Following the close of the IMO period, those who mint during the Public release will be calculated as and continue to receive their proportional share of the 5% Minters Fee pool in perpetuity, but with no multiplier associated.

The Minter’s Yield is only activated after eligible Kinesis currencies are sent to another KYC verified Wallet or Vault address (please note that this can only be done after KBE launch), spent via the Kinesis debit card or other recognised Kinesis venue as these become available, or sold from the offer side on the KBE.

Status Minter Total KAUs Minted Multiplier Adjusted Total Proportionate Minter’s Yield
IMO Bob 1,000 3 3,000 30% 89.175
Public Alice 5,000 1 5,000 50% 148.625
Public Charlie 2,000 1 2,000 20% 59.45
             
Total   8,000   10,000 100% 297.25
             
Total KAU Fee Pool   5,945        
5% Minter Yield Pool   297.25        

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