Kinesis Minting Programme Terms & Conditions

1.1 The Kinesis Minting Programme (KMP) Terms & Conditions and the Kinesis Terms of Use allow eligible participants to receive 0.92% in gold (KAU) per each completed mint cycle, when the standard cost is approximately 0.90% + $5 in flat market conditions. 

1.2 The KMP 0.02% gold (KAU) bonus and minting fee refund apply only to the first $1,000,000 minted per participant per day. Any minting beyond this threshold will be subject to the standard fees, with no bonus or reimbursement of minting costs.

1.3 Rewards and reimbursements are credited to each participant’s Kinesis account on a weekly basis. 

1.4 The KMP begins at 00:00 UTC 4th March 2025 with no set end date. Kinesis will notify users via email upon the official conclusion of the programme. 

1.5 By engaging in minting activities, users agree to these terms, including associated fees, yields, and market conditions.

2.1 Users must have a verified Individual or Business Kinesis account and comply with all KYC/AML requirements. 

2.2 Participation in the KMP is available to:

2.2.1. KVT holders who have held 1 or more KVT for over a year.

2.2.2.  For those Kinesis users who have not held 1 or more KVT for over a year:

Kinesis users who meet one of the following eligibility requirements:

Please note: these eligibility requirements must be met after March 4th 2025. Activity on the Kinesis platform before this date will not grant you access to the KMP.

• Purchase 10 KVTs
• Sign up 10 individuals to the Kinesis ecosystem
• Onboard 3 businesses to utilise the Kinesis platform
• Trade $500,000 on the Kinesis Exchange
• Spend $10,000 in Metalback rewards
• Spend $10,000 using the Kinesis Virtual Card

3.1 Users can mint Kinesis gold (KAU) by converting fiat currency through the Minting Process.

3.2 Minted KAU is stored securely and can be traded, spent, or further minted within the Kinesis ecosystem. 

3.3 Kinesis reserves the right to amend the minting process and applicable fees in response to market conditions or regulatory changes.

3.4 Under the Kinesis Minting Programme, only Kinesis gold (KAU) qualifies for rewards in gold and fee reimbursements. Kinesis silver (KAG) is not included in the Kinesis Minting Programme.

4.1 Minting typically incurs a total cost of approximately 0.90% (in a flat market) + $5 Withdrawal Fee, including:

• Mint Fee: 0.45%
• Mint/Exchange Spread: 0.23%
• Exchange Fee: 0.22%
• Plus, an additional cost of a Withdrawal Fee: $5 per transaction (not refundable)

4.2 Fees are transparent and calculated in real-time.

5.1 Participants receive a 0.02% bonus on each mint cycle, over standard flat market cost, credited in KAU.*

5.2 Minting fees (0.90%) will be refunded weekly. The fee reimbursements will be accumulated from Monday at 00:00 (UTC) to the following Monday at 00:00 (UTC). Rebates are processed and credited into the minter’s Kinesis account on Tuesday (UTC) each week.

5.3 The 0.02% gold (KAU) bonus and minting fee refund apply only to the first $1,000,000 minted per participant per day.

5.4 The $5 fixed withdrawal fee is not included in this refund.

*In a flat market, where a mint cycle is conducted without market movement with sufficient market liquidity, the standard cost is 0.90%. As part of the KMP,  participants will receive a refund of minting costs (0.90%) along with an additional 0.02% reward, resulting in a net benefit of approximately 2 basis points, less the $5 fixed withdrawal fee. Returns are calculated based on prevailing fees and spreads and are subject to market fluctuations.

5.5 Additional yield opportunities include:

• Minter’s Yield (5%) for minting and transacting KAU
• Velocity Yield (10%) for active transactions

Yields are distributed to all eligible participants in the proportion they have minted and used their KAU, as compared to other participants.

5.6 Yields are subject to market conditions, liquidity availability, and platform operational stability.

6.1 Users may engage in Mint Cycling, a process involving:

• Minting KAU
• Selling KAU for USD on the Kinesis Pro exchange
• Transferring USD back to the Mint
• Repeating the cycle to accumulate yields 

6.2 Weekly rebates apply to successfully completed cycles. 

6.3 Kinesis reserves the right to adjust Mint Cycling yields or suspend the programme as necessary.

7.1 Participation in the KMP is subject to market risks, including:

• Market price risk associated with volatility in gold markets, specifically in KAU, resulting in a cost that is greater than the agreed reimbursement of 0.92% of trade value.
• Potential delays in transaction processing, resulting in a cost that is greater than the agreed reimbursement of 0.92% of trade value.

8.1 Kinesis reserves the right to modify, suspend, or terminate the KMP at any time without prior notice. 

8.2 Users are responsible for reviewing these terms periodically for updates.

9.1 Kinesis is not liable for losses incurred due to market fluctuations, third-party service failures, or changes in regulatory environments. 

9.2 Users acknowledge that participation in the KMP does not constitute financial or investment advice. Kinesis does not recommend that any asset should be bought, earned, sold, or held by you. Before making the decision to buy, sell or hold any asset, you should conduct your own due diligence and consult your financial advisors before making any investment decision. Kinesis will not be held responsible for the decisions you make to buy, sell, or hold assets based on the information provided by Kinesis.

*Subject to prevailing fees, market conditions, and the presence of an active market maker.

Participants must comply with the Kinesis Terms of Use and complete Identity Verification.

For full details, please refer to the KMP White Paper or see our Documents page.