Kinesis Minting Programme Terms & Conditions

1.1 The Kinesis Minting Programme (“KMP”)  enables eligible participants to get rewarded with Kinesis gold (KAU) and receive minting rebates when creating new gold (KAU) coins via the Kinesis Mint.

1.2 Each Kinesis gold (KAU) coin is backed by 1 gram of fully allocated, audited, and redeemable physical gold. Participants are rewarded in gold (KAU) for every qualifying minting transaction.

1.3 The KMP rewards and rebates only apply to the first $1,000,000 minted (metal value excluding fees) per participant per day. Any minting beyond this threshold incurs standard fees, with no rewards or reimbursement of minting costs.

1.4 Rewards and rebates are credited weekly to each participant’s Kinesis accounts.

1.5 The KMP begins at 00:00 UTC on March 4th, 2025, with no set end date. Kinesis will email users upon the programme’s official conclusion. 

1.6 By participating, users accept these terms, including all applicable fees, rebates, yields and market conditions.

2.1 Through the KMP, eligible minting participants receive:

       A reward of 2 basis points (0.02%) in Kinesis gold (KAU), calculated at the time of minting (assuming flat market conditions with sufficient liquidity).

       A rebate of the following minting-related fees:

• • Minting Fee: 0.45%
  • Exchange Fee (KAU/USD): 0.22%
  • Spread: Fixed at $0.20 per KAU

These rewards are available on minting volumes of up to $1,000,000 per user per day, with rebates and bonuses settled weekly, subject to market activity and participant conduct. 

2.1.1 Rebates accrue weekly from Monday (00:00 UTC) to 23:59:59 on the following Sunday and are credited into the minter’s Kinesis account every Tuesday. 

2.1.2 In the event a user mints gold (KAU) one week, then sells that gold in the following weeks, they will receive a KMP follow-up payment for any outstanding rewards and rebates.

2.2 Through the KMP, participants may also qualify for additional yields, subject to meeting specific eligibility criteria:

• Minter’s Yield: Earned by minting and activating (transacting) gold (KAU)
• Velocity Yield: Earned by using (spending or trading) gold (KAU)

2.2.1 Yield payouts are proportionate to each participant’s activity, based on the volume of KAU minted and traded relative to other eligible participants across the Kinesis system.

2.2.2 Yields are distributed monthly, during the first week of each new month, based on the previous month’s accruals.

3.1 Participants must hold a fully verified Individual or Business Kinesis account and have successfully completed all KYC/AML verification checks.

3.2 To qualify for the Kinesis Minting Programme (KMP), participants must meet one of the following criteria:

3.2.1 Hold one or more Kinesis Velocity Tokens (KVTs) for over one year (prior to March 4th 2025); or

3.2.2  Meet one of the following eligibility requirements:

Note: these eligibility requirements must be met after March 4th 2025 (activity prior to this date will not qualify for the KMP).

• Purchase 10 KVTs via the Kinesis Exchange*
• Refer 10 individuals to the Kinesis platform
• Onboard 3 businesses to Kinesis
• Trade $500,000 on the Kinesis Exchange
• Spend $10,000 via the Metalback programme 
• Spend $10,000 using the Kinesis Virtual Card

*KVTs must be purchased directly on the Kinesis Exchange, remain in the Kinesis account and not be transferred to external wallets or received as deposits. Only direct purchases qualify.

4.1 Minting refers to the process of creating new KAU tokens by converting USD into Kinesis gold (KAU), then entering them into circulation on the Kinesis platform.

4.2 Minted KAU is securely stored within the global Kinesis vaulting network and can be traded, spent, or further mint-cycled within the Kinesis ecosystem. 

4.3 Kinesis reserves the right to adjust the minting process and applicable fees in response to market or regulatory conditions.

4.4 Only Kinesis gold (KAU) qualifies for KMP rewards and rebates. Kinesis silver (KAG) is not included in the Kinesis Minting Programme.

5.1 Participants may engage in Mint Cycling, a process involving:

• Step 1: Transfer USD funds from the Kinesis platform to the Kinesis Mint.
• Step 2: Mint gold (KAU) by converting USD into gold (KAU) via the Kinesis Mint.
• Step 3: Sell minted gold (KAU) for USD on the Kinesis Exchange.
• Repeat step 1 

5.2 Rebates apply to successfully completed cycles.

5.3 Kinesis reserves the right to revise or suspend the Mint Cycling process without prior notice.

6.1 Under flat market conditions, with sufficient liquidity and no significant price movement, standard minting-related costs comprise of:

• Minting fee: 0.45%
• Exchange fee: 0.22%
• Fixed spread: $0.20 per gold (KAU), representing the difference between the BUY price on the Kinesis Mint and the SELL price on the Kinesis platform.

6.2 Under the Kinesis Minting Programme, the standard minting fees outlined in clause 6.1 are fully rebated on a weekly basis, subject to prevailing market conditions and participant behaviour.

Rebates and resulting returns may vary depending on market spreads, trading volumes, and overall system liquidity.

6.3 A non-refundable $5 withdrawal fee applies when transferring USD from the Kinesis platform into the Kinesis Mint. This fee is not reimbursed under the KMP.

7.1 Participation in the Kinesis Minting Programme involves exposure to:

7.1.1 Price volatility in the gold market affecting KAU, which may lead to costs that exceed the total value of KMP rewards and fee rebates.

7.1.2 Delays in transaction processing, which may result in unrecovered costs.

7.2 Returns from participation in the Kinesis Minting Programme are not guaranteed and will vary according to prevailing market conditions and each participant’s individual trading strategy. Kinesis accepts no liability for any losses, gains, or overall performance resulting from participation.

7.3 Participants bear full responsibility for conducting their own market analysis, including assessing timing, spreads, and liquidity. Engaging in rapid or automated mint cycling without thorough evaluation may diminish returns or cause losses. Kinesis disclaims all liability for any negative outcomes arising from uninformed or negligent trading decisions.

8.1 Kinesis reserves the right to modify, suspend, or terminate the Kinesis Minting Programme 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 any losses incurred as a result of market fluctuations, third-party or technical service failures, or changes in regulatory environments.

9.2 Participation in the KMP does not constitute financial or investment advice. Kinesis does not provide recommendations for users to buy, hold, or sell any assets. Before deciding to buy, sell, or hold any asset, users must carry out their own due diligence and seek guidance from a qualified financial advisor. Kinesis accepts no responsibility for any decisions made by participants to buy, sell, or hold assets based on information provided by Kinesis. All such decisions remain entirely the responsibility of the participant.

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

For full details, please refer to the KMP Whitepaper.