10th October 2019
Initial Minting Offer (IMO) Extension
2nd April 2019 – 20th December 2019
We are excited to announce that those looking to mint, and take advantage of the Initial Minting Offer (IMO) bonus, now have until the 20th December 2019 to do so.
This decision comes as we allow further time for several institutional clients to complete their deposits. As always, when moving large quantities of precious metals, there are legal and logistical considerations that need to be taken into account. However, this extension benefits commercial partners and new minters alike.
To start minting, users are able to simply fund their minting account using fiat, bitcoin and ethereum. Alternatively, individuals who already own physical bullion, and would like to benefit from zero storage fees are able to transfer their qualifying holdings to a Kinesis partnered vault.
The IMO is open to customers globally, however, prospective minters (with the exception of US non-accredited investors) are required to own at least 1 Kinesis Velocity Token in order to participate.
Receive 1 KVT
For every US$100,000 you Mint during the IMO period
Bullion transfer costs covered
During the IMO period Kinesis covers the cost incurred for moving your physical bullion to a Kinesis vaulting provider.
Limited 3x multiplier on minted currencies
3x multiplier effect to the Kinesis Currencies you mint when calculating your proportional entitlement to the 5% of the Minter’s Yield fee pool for all currencies minted before the 20th December 2019.
*Due to regulatory restrictions, US non-accredited citizens who mint, will not be eligible for any KVT-related IMO bonuses.