We are pleased to announce the launch of the Velocity yield, allowing Kinesis users to earn a monthly yield for spending and trading Kinesis gold and silver currencies (KAU and KAG) on the platform.
The Velocity yield incentivises clients’ active usage of physical gold and silver as spendable, tradable assets, with real-world utility.
The Historic Velocity Yield Payout
The initial yield payout, on the 18th of April 2022, has been retroactively applied to all Kinesis users’ previous transactional activity on the platform from the 4th of April 2019 to the 31st of March 2022.
Rewarding Kinesis users for their spending and trading activity over the last two years, the yield launch sees 19.85 kilograms of gold and 3394 ounces of silver delivered into users’ accounts, with the first payout standing at a total value of $1.3 million.
After the first payout, all forthcoming yield returns will be delivered on a monthly basis, continuing to reward participants for their spending and trading activities on any KAU and KAG pairs with a 10% allocation of all transaction fees gathered across the Kinesis Monetary System.
How to Earn a Velocity Yield?
The Velocity yield rewards all Kinesis users who spend their gold and silver with a Kinesis card, buy and sell any KAU and KAG pairs on the Kinesis Exchange or with the simple BUY/SELL widget on the Kinesis Dashboard.
The Velocity yield represents 10% of the total fees collected within the Kinesis total fee pool, which is then distributed back to users proportionally to their transactional activity.
Today’s payout will reflect the adjustment of the 10% fee pool allocation that was increased on the 1st of November 2021, with the previous fee pool allocation at 5% in place prior to this date.
For a complete breakdown of the Velocity yield, click here.
Global, Spendable Currency
As the latest addition to the Kinesis Yield Engine, the Velocity yield is offered to our users as a rewarding incentive for the act of spending and trading in the historically safe, stable currency of precious metals.
With the Kinesis card soon to be released, participants within the Kinesis Monetary System will have the means to utilise gold and silver as a viable alternative to fiat currency, as an end-to-end payment solution. With Kinesis’ easy-to-use platform as the foundation, transacting in gold and silver has never been easier.
