Q2 - Q3 2024 – Quarterly Update

In our latest update from the Kinesis CEO and founder, Thomas Coughlin reviews the milestones achieved by Kinesis so far this year and provides further insight into upcoming developments in Q3.

Product Updates

Q2 milestones – Summary

Kinesis introduces automatic reporting with CoinTracking

Kinesis has integrated with CoinTracking — an industry-leading digital assets portfolio tracker and trade data calculator platform.

The CoinTracking integration streamlines the tracking and analysis of gold, silver and cryptocurrency transactions on the Kinesis platform, providing users with further convenience and efficiency in managing their finances. Kinesis users can link their accounts directly to CoinTracking, allowing ongoing trading and transaction data transfer and synchronisation between both platforms. 

Available across 100+ countries and supporting multiple reporting methods, the CoinTracking platform provides a tailored solution to create country-specific reports with minimal effort.

Through the partnership, Kinesis has secured a 10% discount on the full suite of CoinTracking services, for all users signing up through the dedicated referral page.

Partner program global launch & Partner’s Yield

Following a successful beta period, the Kinesis Partner Program launched globally, offering individuals and businesses everywhere the opportunity to earn ongoing, uncapped revenue, paid in gold and silver.

With the partner program fully operational, individuals and businesses with relevant and engaged audiences can unlock passive and active income-generation opportunities. 

Alongside the Partner program launch, the Partner’s Yield officially went live on the platform, enabling Kinesis partners to earn up to a 25% share of all transaction fee revenue generated across their entire referral network. 

All Kinesis users can view the Partner’s Yield on the yields section of their Kinesis platform dashboard, including the monthly and all-time figures; Kinesis Partners can now track their accrued earnings directly within the platform.

Interested in becoming a Kinesis Partner? See our partner website here.

Buy precious metals & crypto with your card 

Kinesis introduced a new purchase option that enables users to instantly buy gold, silver and cryptocurrencies with a debit card, credit card and other money transfer options on the platform.  

Users can purchase a wide range of digital assets using over 40 local currencies, with their assets arriving in their Kinesis account minutes later. The instant asset purchase feature simplifies gold, silver and cryptocurrency purchases by minimising the steps involved and improves our on-ramping experience for new and existing users.

Expanding our global availability, users can purchase precious metals and cryptocurrencies, across Europe, Asia, Africa and the Americas, with methods including instant ACH and SEPA bank transfers, e-money transfers and digital wallet options. Kinesis gold (KAU), silver (KAG) and all the cryptocurrencies on the platform are available to purchase through the feature, with the exception of XDC and KVT. 

Depending on the cryptocurrency policy of their financial institution, users have experienced varying success while purchasing assets with this new functionality. We are providing a solution for our users, however, Kinesis has no control over whether a financial institution allows a user’s digital asset purchase to be processed. In the instance your financial institution does not approve your purchase, you will be immediately notified, with no charge taken from your account.

With this new way to invest in digital assets, Kinesis opens up users to a versatile purchasing experience in the retail market. Kinesis will continue to deliver greater access to users of all experience levels wishing to enter the precious metals and digital asset markets.

Find out more about the new purchasing options in our support guides.

Kinesis Passes Independent Audit

Kinesis successfully passed its ninth independent precious metals audit, conducted by the leading global audit and inspection specialist, Inspectorate International.

As ever, Inspectorate International’s independent report confirmed that the quantity of gold and silver within the Kinesis vaulting network was as stated, with Kinesis passing all criteria of the inspection.

These independent biannual audits provide community members with the imperative verification that all Kinesis gold (KAU) and silver (KAG) within the Kinesis Monetary System are backed by a 1:1 allocation of physical gold and silver bullion.

The independent audit is available to view on our website here. 

All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer here. The Kinesis blockchain maintains an immutable and irrefutable ledger of all KAU and KAG within the system. 

Talking Trades

Kinesis launched a new weekly show, Talking Trades, in collaboration with our partners, NorthStar BadCharts, available to watch weekly on the Kinesis X (formerly Twitter) channel.

Each week, the NorthStar BadCharts (NSBC) team of Kevin Wadsworth and Patrick Karim educate audiences on precious metals and cryptocurrency market trends, as well as offer insightful analysis and trading insights. Both industry-respected technical analysis experts, the pair run the chart-driven trading education platform and technical analysis service NSBC.

Talking Trades brings accessible market analysis to both experienced and new traders while reaching new audiences on X and TikTok, with market trends and commentary shared in a digestible format. The ‘Talking Trades’ X show joins ‘Live from the Vault’ and our gold and silver news reports in our weekly selection of expert-driven content on Kinesis.

Watch this space as we move towards a new collaborative effort with the NSBC team in the near future.

New Marketing Campaign – Coming Soon

After months of meticulous planning, the Kinesis creative team has completed a high-quality large-scale production shoot for an upcoming advertising campaign. This shoot, the largest and most ambitious in Kinesis’ history, marks a significant milestone in our marketing efforts. 

We look forward to sharing the result with the Kinesis community and a broader global audience. 

Technical Updates & Customer Service Enhancements

As the very first point of contact at Kinesis, our Customer Success division is hitting the phones and helping our new customers with any questions they may have. The team has been focusing on assisting new customers who have signed up for Kinesis but have not yet completed the verification process. 

Through nurturing these relationships the team is fostering a supportive customer experience and building upon new users’ initial interest in Kinesis. The team’s client-focused approach has seen a rise in the number of new users becoming fully verified and ready to deposit and trade on the Kinesis platform. 

Company Hiring & Expansion

We were pleased to introduce a new member to Kinesis’ global team, Nathan Fisher, as our Chief Information Officer. We welcome Nathan to our executive committee at a time when we look to integrate systems and ascertain the greatest benefit from them while staying agile and responsive to trends and organisational needs.

Independent certifications

Kinesis Assay Laboratory

We are proud to announce that Kinesis Kuyumculuk A.Ş. has been officially recognised as an authorised Assay House for gold and silver analysis by the Turkish State Mint (Darphane), an esteemed institution of the Republic of Turkey.

Our laboratory is equipped with state-of-the-art technology, ensuring precision and reliability in every analysis. We strictly adhere to internationally recognised ISO standards, employing the following methods:

1. ISO 11426: Determination of gold content in gold jewellery alloys using the Cupellation method (fire assay).

2. ISO 13756: Determination of silver content in silver jewellery alloys using the Volumetric (potentiometric) method.

The integrity and accuracy of our analysis reports are widely acknowledged and accepted by both national public institutions and private sector organisations. We are delighted to inform you that, starting from 1 August 2024, our laboratory will extend its services to external clients.

This certification follows on from the Kinesis Mint achieving globally recognised standards of high quality across our products and services earlier this year.

Indonesia

The second quarter saw updates to existing business as well as the addition of new initiatives.

The much anticipated NU organisation mobile application NUNOMICS soft launched, giving access to KAU trading, saving and the newly integrated Gold to Mecca facility to the millions of NU members.

The Gold to Mecca product, which integrates travel packages of flights and hotels using KAU has been completed and integrated into all the relevant Indonesia-based KAU apps.

Artha Graha Bank has launched its own app for digital physical gold (KAU), AGIGOLD which is based on the same mobile application as PosPay Gold, JFX Gold X, Metal, Go, Nunomics, etc.

PT Pegadaian, the government-owned gold pawning and trading company has signed an agreement with Kinesis Monetary Indonesia (KMI) and our local partner Bullion Ecosystem International (BEI) to provide access for trading and storage of KAU and underlying physical gold. Pegadaian averages 2.5mt of gold trade per year.

Q3 milestones & what’s still to come

Product Launches & Integrations

KVT migration to Stellar blockchain

In preparation for making KVTs tradeable on the Kinesis Exchange, the Kinesis Velocity Token (KVT) will be upgraded to the Stellar blockchain – providing the speed, value, transferability and divisibility expected of a first-tier digital asset.

The native Kinesis asset will migrate from the Ethereum blockchain to the Stellar blockchain, a network known for its cost-efficient fees and near-instant settlement times. The migration is scheduled ahead of the rollout of KVT as a tradeable, divisible asset on the Kinesis Exchange, delivering on the plans laid out in the Kinesis blueprint.

This development is expected to attract investors from across the wider digital asset space and further amplify trade volume on the Kinesis Exchange while opening up KVT for listing on third-party exchanges.

Kinesis Card launch

Kinesis is set to launch an enhanced card program, enabling users across key regions to spend gold, silver, and cryptocurrencies.

Scheduled for launch shortly, this program is anticipated to drive significant adoption, with a competitive fee structure and promotional offerings that provide cardholders with tangible rewards and benefits. 

We are excited to share more details soon and have plans in place to reward early adopters of the new card program.

Kinesis Gold Bills

Kinesis is set to launch our first Kinesis series of gold bills in partnership with Valaurum, the manufacturer of the patented Aurum® gold bill. 

Containing practical amounts of fine 9999 gold, the finely crafted gold bills are available in five denominations. The five editions of the Kinesis gold bill represent the values of the Kinesis Monetary System and the Sound Money Movement. 

At the forefront of the sound money movement, Kinesis continues expanding the range of physical gold products through the introduction of the gold bills available to purchase from the Kinesis Bullion Store.

Metalback program

Kinesis will be launching a new feature on the platform, Metalback, providing users with the unique opportunity to earn a percentage “cashback”- paid in physical gold – on purchases from over 6,000 leading retailers worldwide. 

Through the Metalback hub on the Kinesis platform, users will be able to explore thousands of exclusive savings from global brands, such as Apple, Tiffany’s, Levi’s, Lacoste, Ralph Lauren, and Samsung.

Users across the United States, United Kingdom, Asia, Europe, the Middle East, and Africa will be able to earn gold on their everyday purchases, selecting from a wide range of payment methods including gold, silver, crypto, bank transfers or their regular debit cards.

Besides adding value for existing users, the Metalback program is positioned to attract both precious metals users seeking tangible benefits and retail customers interested in exclusive savings.

Kinesis Dashboard Upgrades

Following upgrades to our login and signup screens and dashboard menu, we will soon be introducing further enhancements to the Kinesis platform, delivering a sleeker and more refined user experience. The revamped Home (dashboard), activity, and market screens will provide Kinesis users with a smoother and more intuitive way to manage their assets.

These upgrades will bring a refreshed visual experience, featuring new widgets and charts that offer an at-a-glance view of users’ asset portfolios and a summary of their earnings. 

Keep an eye out for these platform updates, expected to go live this quarter.

Kinesis Pro

Kinesis Pro, the professional digital asset trading platform, is nearing its final stages of development and internal testing and is scheduled to launch in Q3.

With a focus on high-liquidity trading pairs, advanced trading tools and stringent security measures, the exchange is poised to deliver an unparalleled trading experience for Kinesis users seeking to diversify their digital asset portfolios.

Kinesis Pro is expected to emerge as a significant contributor to the Master Fee Pool, with greater access to many cryptocurrencies bringing volume and fresh interest from the wider digital assets space.

Kinesis Native Asset Offering

The Kinesis team is working hard on expanding the platform’s native asset offering, with new assets soon to be added to the Kinesis ecosystem that bring new, diverse ways to invest and trade precious metals and cryptocurrencies.

In the coming months, these additions will be introduced to the Kinesis Exchange and Kinesis Pro, designed to cater to the needs of entirely new target markets. These tokens are positioned across multiple emerging spaces, with each providing a unique value proposition to investors and traders. We look forward to providing more details soon.

Indonesia

Kinesis Monetary Indonesia (KMI) has been approved to become an Indonesia SRO (Self-Regulated Organisation), putting it on the same level as the Jakarta Futures Exchange (JFX) from a government and regulatory perspective.

The NU app, NUNOMICS, will have its Grand Launch in the 3rd Quarter at the Istiqlal Mosque in Jakarta (the largest Mosque in Asia). Several high-level government officials are slated to attend, including the Vice President of Indonesia.

An agreement and business partnership has been reached with INDUK BMT (https://indukbmt.co.id) to develop and launch a new digital-physical gold (KAU) app, BMTDIGI. BMT is a Syariah business enterprise for SMEs and investment cooperatives across Indonesia. BMT faces over 5000 cooperatives and over 100,000 SMEs to promote Syariah-based investments.

In summary

The features and initiatives launched this quarter make buying and managing precious metals more accessible to all. CoinTracking introduces automatic reporting, removing the barriers for Kinesis users embracing sound money. The ability to purchase precious metals or digital assets via debit card makes investing in precious metals simpler than ever before. Additionally, the launch of the educational weekly show, ‘Talking Trades,’ offers valuable market analysis and insights, empowering our users to make informed trading decisions.

With the Partner Program now officially live across the globe, we anticipate significant growth in this division, welcoming true advocates, influencers, entrepreneurs, and industry leaders who are in full alignment with the Kinesis mission.

As Kinesis enters a commercialisation phase, we welcome the expansion of further regional offices and business divisions to support this growth, widening our sights beyond the precious metals space.

Positioned within the next generation of banking, payment services and digital assets, Kinesis is undergoing a vertical integration and expansion as a service provider for governments, institutions and the wider retail market.

We look forward to sharing this stage of our journey with the Kinesis community – and extend our gratitude to all who support our mission to drive the world’s transition to sound money. 

Best regards,

Thomas Coughlin