Kinesis is proud to announce the launch of the Referrer’s Yield with the first retroactive yield payment successfully distributed to all Kinesis referees.
The Referrer’s yield will reward Kinesis users who successfully introduce their friends, family or followers to the Kinesis platform.
What is the Referrer’s yield?
The Referrer’s yield rewards system participants for referring new users to the Kinesis Money platform with a passive monthly yield, paid out in Kinesis gold (KAU) and silver (KAG).
The launch of the referrers yield today the 23rd of December 2021 was retroactive, accounting for the total Referrer yield accumulated from 4th April 2019 to the 30th November 2021.
A total of 25,043 KAU (25kg of physical gold) and 3624 ounces of Silver, with a total value of 1.54 million USD has been distributed to referrers. Moving forward the Referrer’s yield will be paid out on a monthly basis, alongside all other active Kinesis yields, incorporating all transaction fees of referees registered from the past month end every month thereafter.
Referrer yield qualifies participants to earn a 7.5% share of all their referees’ transaction fees, gathered through their activity on the Kinesis platform.
How does the Referrer’s yield work?
A Kinesis user becomes an eligible referrer when a new system participant opens a Kinesis account through their referral link and completes the KYC verification process. This enables the referrers to start earning a yield every time their referees mint Kinesis currencies, trade on the Kinesis Exchange, or spend on their Kinesis debit card.
The Referrer’s yield is calculated from the total transaction fees, for any given month, accumulated by all system participants registered as referees. This includes fees generated from their Kinesis Money accounts, as well as any external, standalone wallets that they have linked to their Kinesis Money accounts.
The first yield payout on the 23rd of December 2021 was retroactive, accounting for the total Referrer yield accumulated from 4th April 2019 and the 30th November 2021. From January 2022 onwards, the Referrer’s yield will be paid out on a monthly basis, incorporating all transaction fees of referees registered from the past month.
Please find a more detailed breakdown here.
Depositing and Sending Currencies via Email
New system participants can set up their Kinesis account free of charge and are not required to make an initial deposit upon joining.
System users who sent digital assets via the ‘send to email’ functionality and whose recipients signed up to Kinesis with the emailed referral link are also eligible to receive the Referral yield.
The sending of any digital assets, such as Kinesis KAU, KAG, or currencies listed on the Kinesis Exchange – can act as a user’s first deposit, which will count towards a Referrer’s yield for the sender.
Importantly, Kinesis referrers can still earn a yield on their recipient’s transaction fees, even if they themselves have not generated any transaction fees. Thanks to Kinesis’ usage-based model, the increased overall transaction velocity among onboarded users will enable all system participants to generate a higher yield.
The New Referrer’s Dashboard & Kinesis Rewards
Coming soon, the new Referrer dashboard, launching in the new year, will introduce a gamification element to the referral process and the Kinesis monetary system as a whole.
The interactive dashboard is set to reward system users for their engagement across the entire Kinesis Money platform, referring others to the platform being just one example. With a milestone-structured activity tracker, Kinesis users can expect to receive tangible rewards as they progress through the stages set up to encourage usage of the Kinesis platform to its fullest potential.
Introduce Family & Friends to Kinesis
