The Kinesis Virtual Card
Pre-Registration:
Terms and Conditions

1.1 Overview:
The Kinesis Virtual Card Pre-Registration Promotion (the “Promotion”) grants all eligible users a six-month Fee Waiver for the Kinesis Virtual Card’s Paid Plan commencing on the card’s launch date, subject to meeting specific criteria outlined herein.

1.2 Eligibility:
The Promotion is open to residents of all regions supported by the Kinesis Virtual Card. A full list of eligible countries can be found here.

To qualify for the Promotion, a user must hold an active Kinesis Individual account, verified through the KYC (Know Your Customer) process. The account cannot be deleted or suspended.

1.3 Participation:
Both new and existing users of the Kinesis platform can participate in the Promotion.

1.4 Fixed Period:
The Promotion is available during a fixed Pre-Registration period, as outlined in section 2. 

The associated rewards, including the six-month Paid Plan Fee Waiver, will be applied during a specific period, as detailed in section 3.

2.1 Start and End Dates:
The Pre-Registration Period begins on on 30th September and concludes on the official launch of the Kinesis Virtual Card.

2.2 Automatic Eligibility:
All users who sign up for the Kinesis Virtual Card during this period will automatically qualify for the Paid Plan Fee Waiver, provided all other eligibility criteria are met (see section 3).

3.1 Duration of the Fee Waiver:
The Paid Plan Fee Waiver incentive (hereinafter referred to as the “Fee Waiver”) begins on the official Kinesis Virtual Card launch and concludes six months from that date.

This six-month period is fixed and cannot be altered unless Kinesis deems otherwise.

3.3 Activation of Fee Waiver:
To trigger the Fee Waiver, a qualifying user must activate their Kinesis Virtual Card by completing the onboarding process via the Virtual Card hub on the Kinesis platform.

Users who pre-register can activate their Fee Waiver at any point during the six-month period. However, the Fee Waiver will only apply for the remaining time within this period.

Example: If a user activates their card three months into the Fee Waiver period, they will receive the Fee Waiver for the remaining three months only.

3.4 Non-Extendable Period:
The Fee Waiver end date is fixed, meaning that all cardholders will lose access to the Fee Waiver 6 months from Card Launch, regardless of when they activated their card.

3.5 Post-Waiver Options:
Upon expiration of the Fee Waiver period, all cardholders will be prompted to select between the Paid Plan and the Free Plan for their Kinesis Virtual Cards, as detailed in section 6.

4.1 Cashback Structure:
The Kinesis Virtual Card Paid Plan offers cardholders a 2% cashback on all eligible transactions made with the Kinesis Virtual Card. Cashback is capped at the Paid Plan spending limit.

4.2 Payout Currency:
The 2% cashback earnings will be credited in Kinesis gold (KAU), calculated based on the transaction value and the gold price at the time of the transaction.

4.3 Eligible Transactions:
Users can earn cashback on all qualifying purchases made with their Kinesis Virtual Card, whether online or in-store, provided they remain within the Paid Plan’s monthly spending limits, outlined in section 7.

4.4 Cashback on Multi-Accounts:
If a user has multiple Kinesis accounts with different Kinesis Virtual Cards, each account is eligible to earn separate cashback.

Cashback will be paid to the KAU account associated with the specific card that was used for the transaction.

4.5 Yield Eligibility:
All cashback transactions with the Kinesis Virtual Card qualify for the Velocity Yield.

All gold earned throughout cashback qualifies for the Holder’s Yield. Depending on the cardholder’s system activity, cashback gold may also contribute to the Velocity Yield, Referrer’s Yield, KVT Yield, and Partner’s Yield, subject to meeting the specific eligibility criteria for each yield.

4.6 Additional Kinesis Contributions to the System:
For every cashback transaction within the Paid Plan’s $2,000 spending cap, Kinesis additionally contributes an additional 1% of the transaction value to the Kinesis Master Fee Pool. 

This 1% contribution is funded entirely by Kinesis to promote system velocity and growth. It is not drawn from users’ card transactions, does not impact users’ earnings, and it is neither classified as a fee nor subject to any charges or deductions.

5.1 Payout timing:

Initially, Cashback rewards will be accrued over the six-month promotional period and retroactively credited to the cardholders’ KAU account after the Promotion concludes.

All cashback earned during the promotional period will be paid 45 days after the end of the Promotion. 

Following the end of the promotional period, cashback will be paid 45 days after the end of the month, in which that cashback is earned.

5.2 Distribution Details:
Gold (KAU) earned through cashback will appear in the cardholder’s account transaction history on the Kinesis platform.

It can be held, traded on the Kinesis Exchange, sent or spent with a Kinesis card, physically redeemed or withdrawn like any other gold asset on the platform.

5.3 Multi-Account Considerations:
If a user has multiple Kinesis accounts, cashback rewards will be credited separately to each account associated with an active Kinesis Virtual Card.

6.1 Paid Plan:

The Paid Plan costs $6.99 per month – or $77 annually, with a 1-month discount, payable upfront in dollars – or 6.99 per month in the local currency based on the country of residence registered in a user’s Kinesis account.

For example, UK-based users will pay £6.99 per month or EU-based users will pay €6.99 per month.

The Paid Plan entitles the cardholder to 2% cashback on all eligible transactions, capped at $2,000 in spending per month. This equals to $40 maximum cashback per month – or $480 in cashback annually – for users who consistently reach the spending cap.

Full details on paid plans will be released after the pre-registration period ends.

Users will still be required to pay the standard Kinesis Virtual Card fees.

6.1.2. Promotion Benefit:
All users who sign up for the Pre-registration promotion will benefit from the Paid Plan Fee waiver, allowing them to save up to $41.94 (calculated as $6.99 x 6) during the promotional period, while also enjoying cashback earnings at no additional cost.

6.2 Free Plan:
The Free Plan does not include cashback benefits.

Users will still be required to pay the standard Kinesis Virtual Card fees.

6.3 Card Provider’s Disclaimer:
The CL Card is issued by Monavate UAB (Company Code: 305628001), authorised in Lithuania by the Bank of Lithuania to issue electronic money (e-money) and provide payment services (Licence Number 92).

7.1 Eligible Transactions:
Users are eligible for cashback on any online or in-store transaction made with the Kinesis Virtual Card, as long as the transaction falls within the Paid Plan’s spending limits and meets all promotional conditions.

Qualifying transactions include purchases made using any asset available on the Kinesis platform, including precious metals and, or cryptocurrency (excluding KVTs), provided the user’s account holds sufficient funds to cover the transaction.

7.2 Exclusions:
The following transactions do not qualify for cashback:

• Cash advances
• External cryptocurrency purchases
• Fees and interest charges
• Gambling-related transactions
• Gift cards

Kinesis reserves the right to exclude additional merchant categories deemed fraudulent or ineligible.

7.3 Refunds and Cancellations:
Returns, cancellations, and refunds on Kinesis Virtual Card purchases, as well as any unauthorised or fraudulent transactions, are ineligible for cashback.

In the event of a Kinesis Virtual Card transaction being reversed, the corresponding amount of gold will be deducted from the total Cashback payout for a specific month.

8.1 Non-Negotiable Terms:
All rewards, including the Paid Plan Fee Waiver and cashback, are non-transferable, non-refundable, and cannot be exchanged for fiat currency or other assets. 

The Fee Waiver dates are fixed and non-alterable unless otherwise decided by Kinesis.

8.2 Liability Limitation:
To the extent permitted by applicable law, Kinesis’ liability in connection with this Promotion shall be limited to delivering the allotted Kinesis reward. Kinesis shall not be liable for any indirect expense, loss or damage suffered by a participant.

Kinesis, as the organiser, takes no responsibility for any entries which are delayed, illegible, corrupted, incomplete or otherwise invalid.

9.1 Right to Amend:
Kinesis reserves the right to modify or terminate the Kinesis Virtual Card Pre-Registration Promotion terms at any time at its discretion and without notice. Any changes will be communicated via the Kinesis website and email.

In the event of any disputes, Kinesis’ decision will be final and binding.

9.2 Cancellation Due to Circumstances:
In case of unforeseen circumstances, or if a participant breaches the terms, Kinesis reserves the right to suspend, modify, or cancel the Promotion, either partially or in full, with short notice.

10.1 Agreement to Terms:
By participating in the Promotion, users agree to comply with these Terms and Conditions and the Kinesis Terms and Conditions in force at the time of the user’s activity, these can be found at:

https://kinesis.money/about-us/documents/terms-of-use/   

Prior to carrying out any services under this Promotion, the user may need to agree to additional terms and conditions, these will be duly provided for a user’s acceptance.

10.2 Disqualification:
Kinesis reserves the right to disqualify any user found violating the Promotion’s rules or engaging in fraudulent behaviour.

Any users judged to be abusing the program will be met with exclusion and forfeit any entitlement to Cashback and/or Fee Waiver rewards.

10.3 Legal Compliance:
This Promotion is subject to all applicable laws and regulations.

In accordance with Anti-Money Laundering (AML)/ Know Your Customer (KYC) compliance policy, all accounts verified must be exclusively for the sole owner of the account and not passed on to any third party. Any account that is seen to be circumventing compliance policy will be suspended.