What is minting? | Kinesis
Kinesis

contents

What is Minting? How does it all work? How do I know my gold is there? What are the fees? Where does the new gold come from? Trade, send and spend digital physical gold

Sharing is caring...

BACK TO HOME PAGE
What is Minting?

What is Minting?

Minting is the profitable process of bringing new physical gold and silver bullion into the Kinesis system.

Instead of buying existing KAU (1 gram of gold) or KAG (1 gram of silver) from other users on the Kinesis Exchange, minting lets Kinesis users create entirely new KAU and KAG. 

A minter effectively becomes their own central bank, introducing new Kinesis gold and silver-based digital currencies into the Kinesis monetary system. 

How does it all work?

How does it all work?

First of all, Kinesis can only mint in large quantities, orders on the Mint are done in lots of either 100 KAU or 200 KAG.

Let’s say, a Kinesis user purchases 100 KAU in the Kinesis Mint. 

Here’s exactly what happens behind the scenes:

The moment the order is confirmed, Kinesis purchases a 100g of allocated physical gold bullion, on your behalf. 

That 100g of purchased allocated physical gold bullion is stored securely in our vaulting network and represented digitally on the blockchain as a 100 KAU.

How do I know my gold is there? What are the fees?

How do I know my gold is there? What are the fees?

The newly purchased 100g of gold bullion sits in insured and independently audited world-class vaulting facilities, with no storage fees, for life.

All storage fees are eliminated by a share of global transaction fees charged across the Kinesis system, and the robust infrastructure of Kinesis’ bullion vaulting network, covering all major trading hubs globally.

Where does the new gold come from?

Where does the new gold come from?

The reason Kinesis is able to access physical gold and silver bullion, even in tight markets, is our parent company Allocated Bullion Exchange (ABX).

As a leading electronic institutional exchange for allocated physical precious metals, ABX has over 10 years of experience facilitating the trade of precious metals on a global scale. 

When a user mints, ABX simply transfers legal title of the physical gold and silver bullion, already held in our vaulting network, to the Kinesis user who has minted that KAU or KAG.

Trade, send and spend digital physical gold

Trade, send and spend digital physical gold

Once you have minted 100 KAU, you have brought your very own Kinesis gold-based digital currency into existence. 

It’s important to remember that owning a 100 KAU means you hold full legal title to 100g of securely vaulted allocated physical gold bullion, which can be redeemed at any time.* 

Of course, there are plenty of advantages of owning physical gold bullion as a digital currency. You are now able to trade that gold on the Kinesis Exchange, send it anywhere in the world in seconds, or spend it at point of sale around the world via the Kinesis VISA card. 

It’s when you trade, spend or send the Kinesis gold and silver-digital currencies you have minted that you unlock the unlimited earning potential of minting. 

Kinesis rewards minters for bringing new KAU and KAG into the system, with a number of lucrative earning opportunities on every single gram of gold you hold, send or spend paid forever, this is completely unique to the Kinesis system. 

Find out how to minthere. 

*subject to minimum withdrawal requirements, charges apply

Sharing is caring...

  • Kinesis
  • BRISBANE
  • BUENOS AIRES
  • HONG KONG
  • JOHANNESBURG
  • LONDON
  • MADRID
  • NEW YORK

This website is using cookies

Kinesis uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.
ACCEPTRead More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.