Take a look at our most recent company updates, announcements, as well as projects and milestones of the Kinesis Monetary system and Kinesis native gold and silver-based currencies, KAU and KAG. Keep track of the latest Kinesis audits and learn about new functionalities, system enhancements and cryptocurrency additions to the Kinesis Exchange. Find out all about the bespoke Kinesis Yield system and how to start earning a yield on gold and silver.
Kinesis CEO, Thomas Coughlin, Chief Strategy Officer, Eric Maine and Chief Commercial Officer, Ryan Case, are all currently in New York attending the annual Consensus gathering of the cryptocurrency and blockchain technology world. Consensus attracts major companies, developers, founders and investors in both the cryptocurrency and blockchain from all corners of the globe. This annual discussion about the future of the industry is a key event and Kinesis is proud to be a part of it. Attracting speakers from the highest of calibres, Consensus represents diversity in the industry with attendees from technology, finance and blockchain industries. This year we will be standing next to industry leaders in the space for intense discussion and debate around this incredibly exciting industry as a whole. In addition to appearing at the Consensus event, the team are attending pre-arranged meetings with key industry leaders in order to develop some new potential partnerships and to finalise the terms of existing deals currently in play which we will update on in the next coming weeks. Be sure to follow our socials to notified on these announcements as they develop.
Kinesis is pleased to announce that ABX Non-Executive Board Director, David Charles, has joined the Executive Team in a full-time capacity in the role of Group Special Counsel. David has a long history as a Non-Executive Board Director and has been involved in the group since its inception. David’s intimate knowledge and experience of the company and the industry make him a valuable addition to the Executive Team. David is admitted to the Supreme Court of Queensland, Australia and is also registered as a Legal Consultant at the Ruler’s Court of Dubai, UAE. David has protected and advanced the interests of some of the largest and most prominent entities in the world, across four continents in both private practice and in-house environments. David’s experience spans corporate structuring, domestic and cross-border mergers & acquisitions, disputes, capital markets and private equity. Patrick Davis has departed Kinesis as General Counsel to pursue other opportunities within the legal industry. In the time Patrick was with us, his meticulous approach and industry expertise allowed Kinesis to gain significant momentum. We wish him all the best in his future pursuits. We thank Patrick for his time with us and welcome aboard David Charles.
Kinesis is pleased to announce North Block Capital as an investor in the Kinesis Velocity Token (KVT) and an advisor to the Kinesis Money project. North Block Capital is a London-based investment group for the digital token capital markets that delivers advisory, capital markets and asset management services. North Block Capital is a fund which principally invests in the highest quality, private sale ICOs. Historic investments include Enigma, Filecoin, Blockstack, Origin, Tari, SFox, Hashgraph and Republic. Kinesis has also been invited to present to North Block’s institutional and HNW investor network at the beginning of May where we are pleased to present not only the KVT offer, but to also have the opportunity to showcase our Kinesis Mint, which is now live and receiving good coverage within the precious metals and cryptocurrency markets. Ryan Case, CCO at Kinesis comments, “Having successfully completed our first technology release, the Kinesis Mint, we are pleased to be working closely with North Block Capital to further showcase Kinesis Money and the gold- and silver-based digital currencies we offer.” Simon Wajcenberg, CEO of North Block Capital comments, "We are delighted to be advisor and investor in Kinesis. The project is a valuable addition to our portfolio, we expect strong demand for the platform. We look forward to working with Kinesis to help them grow globally." For any questions or enquiries related to this announcement please contact email@example.com, for any press related enquiries please contact firstname.lastname@example.org
Kinesis currencies, KAU and KAG, receive Sharia law compliance allowing further global adoption from emerging markets. A review was conducted for the Kinesis Monetary System by the Amanah Finance Consultancy, the same panel behind the review for certifying the Stellar Blockchain Network and other blockchain based projects. Our blockchain consultancy partner, Blockchainology, a UK based consultancy specialising in crypto asset & blockchain advisory, have worked on the Kinesis Sharia review, in association with the leading Islamic scholar in the blockchain industry, Mufti Faraz Adam from Amanah Finance Consultancy. This review has resulted in Kinesis being awarded a Sharia-compliant certificate for the Kinesis Velocity Token (KVT), Kinesis currencies (KAU and KAG), the Kinesis Blockchain Network (KBN) and the Kinesis Mint. This marks a tremendous milestone for the Kinesis Monetary System as this validation only promotes the Kinesis vision to create a global system that is accessible to all, based on two of the most stable and trusted precious metals, gold and silver. Sharia-compliant blockchain projects enable Islamic investors to purchase, store and transact in crypto assets globally which opens up a whole new market for adoption of the Kinesis system and Kinesis currencies. The certificate endorses the mentioned product components only. Proper implementation thereof is the sole responsibility of the end-user.
We are proud to announce the launch of the Kinesis Mint, also known as the Kinesis Mint. A powerful platform allowing users to create (mint) Kinesis digital currencies; KAU & KAG. Features of the Kinesis Mint: Create new Kinesis currencies - Mint KAU (1 KAU = 1 gram gold) and KAG (1 KAG = 1 ounce silver) into existence; digital gold and silver. Store, send and receive Kinesis currencies - Transact between Kinesis eWallets instantly, enabling cross border transactions with low fees. Zero storage fees on gold and silver bullion - Kinesis rewards depositors with an additional KVT for transferring bullion holdings into the system.* Yield exposures - Kinesis Minters will receive ongoing minter yields for creating and using Kinesis currencies. We have created a series of videos and detailed step by step guides to assist you along the way as you begin minting your own digital currencies. *Subject to terms. Initial Minting Offer (IMO) Bonus Period The IMO period runs from 2nd April to 30th June, 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. If you have existing bullion you are storing with another approved provider, we have you covered. If your costs of transfer are US$1,000 or more, provide us with the invoice and we will give you 1 KVT*. *Subject to terms. US Participation in Initial Minting Offer Kinesis engages with U.S. counsel on the classification and interpretation of all of its products and services. While we remain confident in our internal position that KAU and KAG fall outside of traditional financial securities legislation with the U.S., the blockchain and digital asset industries remain developing areas of law which warrant additional due diligence and research. To this end, we are awaiting final feedback from external counsel on this position and as a result, we have conservatively opted to temporarily delay the Initial Minting Offer to U.S. citizens and residents until such time as this feedback is received. Updates To Website We’ve built some exciting new web pages around the launch of the Kinesis Mint to help educate users on the minting process. Here are some useful links to help you navigate the recent changes to our site: Homepage What is minting? Minting Step by Step guide eWallet sign up page KVT Explained page Exchange Physical for Digital page Trust and security Remember, as the system grows and velocity is generated, your fee sharing yields stand to grow in line with Kinesis. We are excited to invite you to participate at the beginning, of what we hope will be an exciting evolution in how the world secures their wealth. Welcome to the future of money.