KVT Minting Offer Bonus Terms

developer-admin

19/07/2021

Offer 1

Receive 1 KVT per US$75,000 of KAU or KAG minted during the KVT Minting Offer

Kinesis is pleased to offer 1 KVT per US$75,000 of KAU or KAG minted during the KVT Minting Offer.

A Kinesis user is able to reach the required cumulative sum of $75,000 from multiple mints, within the KVT Minting Offer period, set to end once all 5,000 allotted KVTs have been claimed. For example, the first mint of US $50,000 and the second mint of US $25,000 during the KVT Minting Offer, would make the minter eligible for a KVT.

The $75,000 can be reached in the form of multiple Kinesis currencies. For example, if the first mint of US $50,000 is in the form of KAU and the second mint of US $25,000 is in the form of KAG during the KVT Minting Offer, the minter would be eligible for a KVT.

In order to be eligible for a second KVT under this program, the minter must exceed the US $75,000 cumulatively on a second occasion, during the KVT Minting Offer. There is no restriction on the quantity of KVTs each user can obtain during the KVT Minting Offer period.

The value of the amount minted will be the total price of the transaction, taken at the time of minting, as seen below.

The KVT is not divisible and minters who do not meet or exceed each unique US $75,000 threshold during the KVT Minting Offer will not be eligible to receive any KVT(s). Kinesis will contact all eligible minters at the end of the KVT Minting Offer to confirm their number of eligible KVTs under this program. KTVs are offered under this program in accordance with the terms of the Token Sale and Use Agreement or the Simple Agreement for Future Tokens, as appropriate, which the minter originally entered into for the purpose of acquiring the previous KVT.

Please note that Kinesis may change or discontinue this offer at any time during the KVT Minting Offer at its discretion, whereby it would communicate this decision via email, its website and the recognised Kinesis Telegram group.

Any person availing themselves of this offer and having the ability to mint by buying Kinesis Currency or transferring bullion for EPD is required to have signed up to the Terms of Use and completed KYC as appropriate during the application process.

Offer 2

Costs covered for transfer of bullion into Kinesis vaults

Kinesis is pleased to offer 1 KVT to existing bullion investors who transfer their bullion holdings to Kinesis under the EPD process and mint Kinesis currencies, where their costs incurred for moving such bullion exceed US $1,000.

If you are storing metal at another approved location and would like to move your metal to Kinesis and mint Kinesis currencies, please contact us for further details.

In order to qualify you must:

  • Comply with the ABX Quality Assurance Framework for the bullion deposit process;
  • Provide an invoice from an approved transport agent showing the details of the costs incurred for bullion transport, in excess of US $1,000;
  • Mint your deposited bullion into KAU or KAG during the KVT Minting Offer.

Please note that Kinesis may change or discontinue this offer at any time during the KVT Minting Offer at its discretion, whereby it would communicate this decision via email, its website and the recognised Kinesis Telegram group.

Any person availing themselves of this offer and having the ability to mint by buying Kinesis Currency or transferring bullion for EPD is required to have signed up to the Terms of Use and completed KYC as appropriate during the application process.

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