Kinesis Silver 백서 전문

bile goods and services platform NEW INVESTORS ECC MEMBERS Liechtenstein based vaulting facility and large precious metal dealer Government owned postal system, a cornerstone of payments and banking in Indonesia The largest Islamic organisation in the world with 100 million members Mobile Banking Partner 3.1 Kinesis Mint The Kinesis Mint functions as the wholesale market where the currency is created and minted. This occurs in an institutional centrally cleared exchange with deep liquidity and connectivity into global wholesale trading organizations via Allocated Bullion Exchange (ABX). 3.2 Kinesis Blockchain Network (KBN) KBN is the blockchain technology upon which the Kinesis suite of cryptocurrencies is built. Kinesis currencies can be sent, spent, saved, or traded through the blockchain. Coins purchased in the wholesale market are emitted into the KBN with incentives based on money velocity. 3.3 Kinesis Exchange Kinesis Exchange operates as a blockchain digital currency exchange where Kinesis and other digital currencies can be traded. This is being developed internally to ensure deep liquidity for the Kinesis currencies. 3.4 Kinesis Financial Network (KFN) The KFN serves as a mobile banking system where Kinesis currencies can be used for savings or Back to Contents ↑ 9 payments, remittances, and money movement. This facility also has a Mastercard and Visa debit card and accompanying companion card facility providing the ability to use Kinesis as a payment currency across the world. KFN will include an e-commerce technology suite where Kinesis can be moved to in real-time. This secure mobile payment and debit card platform can be viewed in any fiat currency of choice. The suite provides extensive functionality and value provided to individual and corporate members, including private labelling abilities. Also accounted for is a mobile payment account system and balance that is equivalent to a virtual savings account including the ability for customers to earn interest on all funds loaded into the user’s mobile payment account. Paired with the technology offerings is an integrated debit card equivalent to a checking account, which can be used anywhere Visa / MasterCard is accepted allowing customers to withdraw funds at virtually any ATM around the world. Additionally, companion cards can be created for kids and family members abroad, enabling movement of funds from the mobile payment account to companion cards in real-time and for FREE. Lastly, KFN offers the ability for merchants to integrate simple APIs to accept customer payments without paying 1.5% to 4% credit card merchant processing costs virtually eliminating any and all credit card debt. Other mobile account fiat fees are detailed in the Appendix. 3.5 Kinesis Commercial Centre (KCC) The KCC performs as an online aggregator platform of goods and service providers, enabling the Kinesis currency suite to be seamlessly utilized as payment for participating merchants. Kinesis Currency Suite Kinesis’ 1:1 fully allocated asset-based digital currency suite will have the following products incorporated: Reserve & Payment Currencies • Physical Gold & Silver • Segregated Physical Gold & Silver bars • Physical banknotes: EUR, JPY, GBP & CHF • Digital Currencies: TBA Investment Currencies • Pair: Physical Silver/Paper Silver Mobile Wallet Balance Debit Visa / Mastercard Balance Secure Real-Time Easy to Use Cost EfficientMETHOD REQUIRES ATTACHED VISA/MASTERCARD METHOD REQUIRES ATTACHED VISA/MASTERCARD KINESIS WALLET LOAD METHODS KINESIS WALLET OFF-LOAD METHODS KINESIS FINANCIAL NETWORK DIGITAL MONEY ECOSYSTEM Receive money from other people Request funds Checking / savings accounts Credit card load ACH / Wire transfer Funds from Kinesis debit card Direct deposit payroll Send money to other people Worldwide ATM Checking / Savings account Anywhere Visa is accepted Pay external bills Payroll services International checking / savings Back to Contents ↑ 10 KINESIS CURRENCY SUITE 4.1 Kinesis Currency Specifications The Kinesis Money team has developed a proprietary blockchain network optimising the Stellar blockchain network for the Kinesis currency suite. The optimized Stellar technology enables Kinesis to leverage the high transaction speeds and superior security that Stellar offers, and in addition to this, Kinesis has been able to add unique functionality which allows for further value to be added. Gold Currency (KAU) Description: 1 fine gram gold contract and token, consisting of gold cast bars of minimum fineness of 995, and bearing a serial number and identifying stamp of a refiner as per ABX Quality Assurance Framework, table of Approved Refiner List. Silver Currency (KAG) Description: 1 oz silver contract and token, consisting of silver cast bars of a minimum fineness of 999, and bearing an identifying stamp of a refiner as per ABX Quality Assurance Framework, table of Approved Refiner List. 4.2 Kinesis Wholesale Segregated Currency Specifications Gold Wholesale Currency (KWG) Description: 1 fine kilogram gold contract and token, consisting of gold cast bars of minimum fineness of 9999, and bearing a serial number and identifying stamp of a refiner as per ABX Quality Assurance Framework, table of Approved Refiner List. Silver Wholesale Contract (KWS) Description: 1,000 troy ounces of silver contract and token, consisting of silver cast bars of minimum fineness of 999, and identifying stamp of a refiner as per ABX Quality Assurance Framework, table of Approved Refiner List. VELOCITY-BASED YIELD SYSTEM 5.1 Description Kinesis has developed a multifaceted yield system that is specifically designed to attract institutional and retail capital while incentivizing the use and velocity of the currency suite. Users are financially rewarded based on their participation and the overall velocity (rate that money changes hands) of the Kinesis currencies. This revolutionary unique yield is derived purely from economic output rather than debt like fiat currency with fractional banking. Our system provides for very interesting economic implications. Under a fiat monetary system with fractional banking, there is the need to continually devalue the currency and inflate prices to stimulate economic activity, which is proven to only work for a finite period of time and is now currently ceasing to work. In the Kinesis system of shared economic wealth this is not required due to the large incentive to utilize the currencies. In the cryptocurrency sphere, the Kinesis currency suite will provide a stabilizing force while its use will be highly incentivized, stimulating velocity. Other volatile cryptocurrency holders can find price stability by converting their volatile cryptocurrencies into Kinesis. As a result, our currency suite will be Back to Contents Back to Contents ↑ 11 particularly useful for businesses and merchants. As a benchmark, we have taken the cryptocurrency backed by USD, Tether, and looked at their velocity rates and then dramatically decreased them in our assumptions to remain conservative. Tether’s velocity stays high for one main reason, they provide a stable price that can be used by cryptocurrency users to liquidate volatile cryptocurrencies and hold a relatively stable one. Their model has been a success and their velocity is higher than any other cryptocurrencies. Between 1 December 2017 to 17 January 2018 their velocity rate averaged at 199% per day. Backed up by solid argument and evidence, it is our strong conviction that the Kinesis currency suite offers a far superior substitute to Tether. While Tether This table illustrates the incentivising yields and their potential per annum return based on the Kinesis systems money velocity rate if all incentivising yields are utilised IMO - Initial Minting Offer. Back to Contents ↑ 12 offers price stability for cryptocurrency users, they present no certainty with redemptions and have a product that is beholden to the fractional banking system that has proven for them to be laden with multiple layers of counterparty risk. In contrast, Kinesis offers similar or better price stability and tremendous liquidity provided by bullion industry participants. These features mitigate counterparty risk (bullion and cash vaulted) and provide much greater incentive to trade, use, and attract capital. 5.2 Velocity Based Incentivizing Yields 5.2.1 Minter Yield The Kinesis currency Minter yield is designed to attract capital and then put it into motion while maximizing the incentive to use (send, spend or sell) the currency. This system rewards participants who create (“Mint”) the currency in the primary market and then use it in the secondary blockchain market. Minters receive a proportional share of the transaction fees as a yield forever on the Kinesis coins they create. The more Kinesis coins created, are transacted, or the higher the velocity, the higher the yield. 5.2.2 Holders Yield Holder Yield provides a yield on passive participation in Kinesis currency while holding the currencies. This return is purely passive and designed to compete with bank deposits, stock dividend yields and rental property yields. Kinesis Holders simply enjoy the benefits of the economic activity of the system while having their money held in the circulation. 5.2.3 Referrers Yield Referrers Yield rewards entities such as people or corporations who refer new users of the currency suite. This yield is designed to incentivize more participants into the ecosystem. 5.2.4 Depositors Yield Depositors Yield is applicable on user’s initial deposit directly into their Kinesis Wallet. This system maximizes the incentive for a large initial deposit and then further use of the currency. Depositors receive a share of the transaction fees as a yield forever on the Kinesis coins they bought and then used. Again, the higher the velocity of the initially purchased Kinesis coins, the higher the yield. 5.2.5 Fee Sharing Higher ongoing fees are offered to early adopters of the Kinesis currency suite, per the IMO column on the table above. This phase runs from 25 March 2019 to 30 August 2019. To participate in the Kinesis currency suite Initial Minting Offer, subscription is required in the KVT ITO and then qualification under 5.2. This table illustrates where the fees can go for every transaction IMO - Initial Minting Offer. Back to Contents ↑ 13 KINESIS MINTER Receiver of Minter Active Yield KINESIS CURRENCY RECIPIENT MERCHANT via debit card GOODS & SERVICES PROVIDERS Online & Offline KINESIS MINT KCC KINESIS COMMERCIAL CENTRE KFN KINESIS FINANCIAL NETWORK KINESIS EXCHANGE KBN KINESIS BLOCKCHAIN NETWORK Recipient of a yield derived from purchasing of Gold or Silver in the Kinesis Mint, emitting them into the blockchain and then utilising (send, spend or sell) the Kinesis currency. KAG or KAU. Either USD or bullion holdings brought into the Kinesis Mint to purchase Kinesis Newly minted Kinesis emitted into blockchain Ability to immediately utilise Kinesis currency in KCC by purchasing goods & services via listed merchants. Must sit on the offer side of the market in Kinesis Exchange to be eligible for the yield Fiat or Kinesis sent to merchants. Kinesis auto converted in KCC if fiat Kinesis spent Kinesis sent to recipients KINESIS ECONOMY 6.1 Kinesis Minters Kinesis Minters will receive a yield on their participation by simply purchasing Kinesis currency in the Kinesis Mint and then sending, spending, or selling them in the Kinesis Blockchain Network (KBN). Once the currency is purchased in the Kinesis Mint it is automatically emitted and appears in the Minters Kinesis Wallet in KBN. The Minters Yield will become receivable once the coins are then sent, spent, or sold (from the offer side) via their Kinesis Wallet. This system also provides people and businesses with perpetual recurring revenue that continues to build over time with currency use, simply just for creating and using the Kinesis currency. The yield is based on the velocity of the currency and derived from a perpetual share of transaction fees from the coins the Minter created in proportion to all coins in existence. The more currency minted and sent into the system by the Minter, the more value of currency will be moving through the system and the greater the recurring financial reward will be. This highly incentivizes the use of the currency. In order to profit, capital only needs to be tied up for a relatively short period of time providing a unique revenue generating opportunity to everyone with requisite spare capital. Examples include: • Businesses can pay their employees in Kinesis currencies and begin building an entirely new revenue stream that continues to grow larger and larger over time. • Private and institutional participants/traders can circulate their capital and earn more as more Kinesis currency they minted travels through the system. Back to Contents ↑ 14 KINESIS DEPOSITOR Receiver of Depositor Active Yield KINESIS CURRENCY RECIPIENT MERCHANT via debit card GOODS & SERVICES PROVIDERS Online & Offline KINESIS MINT KCC KINESIS COMMERCIAL CENTRE KFN KINESIS FINANCIAL NETWORK KINESIS EXCHANGE KBN KINESIS BLOCKCHAIN NETWORK Recipient of a yield derived from the initial deposit and purchase of Kinesis and then utilisation (sent or spent) of the Kinesis currency Fiat & cryptocurrencies to be brought into KFN in exchange for Kinesis currency KAG or KAU. Ability to immediately utilise Kinesis currency in KCC by purchasing goods & services via listed merchants. Not eligible for yield if Kinesis is sold on Kinesis Exchange Fiat or Kinesis sent to merchants. Kinesis auto converted in KCC if fiat Kinesis spent Kinesis sent to recipients • 6.2 Kinesis Depositors Kinesis Depositors will receive a yield on their initial deposit and purchase of Kinesis from their Kinesis Wallet in the KFN once they are sent or spent. As Kinesis’ currencies travel from hand-to-hand throughout the KBN a proportional share of the transaction fees will be shared perpetually with the Depositor for the life of the currency. The yield is based on the velocity of the currency and derived from a perpetual proportional share of the transaction fees associated Kinesis currency in existence. This yield is also designed to maximize initial deposits into the Kinesis Blockchain Network by strongly rewarding this initial deposit. This is applicable for all Kinesis currencies in the Kinesis digital currency suite. 6.3 Kinesis Holders Back to Contents ↑ 15 KINESIS HOLDER Receiver of Holder Active Yield KINESIS MINT KCC KINESIS COMMERCIAL CENTRE KFN KINESIS FINANCIAL NETWORK KINESIS EXCHANGE KBN KINESIS BLOCKCHAIN NETWORK Recipient of a passive yield derived from simply holding Kinesis currency as an investment Fiat & cryptocurrencies to be brought into KFN in exchange for Kinesis currency Either USD or bullion holdings brought into the Kinesis Mint to purchase wholesale Kinesis contracts Kinesis currency to passively be stored on allocated account in KFN to receive the passive holders yield Kinesis Holders will receive a yield on their passive participation in the Kinesis currency held in their Kinesis Wallet. The yield is based on the velocity of the currency and derived from a consolidated share of the transaction fees across the Kinesis Blockchain Network (KBN), calculated on a daily basis and credited to their Kinesis Wallet accounts monthly. This yield is derived from true economic activity and a sharing of the wealth of the entire Kinesis system as there is no interest or debt associated with this yield. Based on conservative velocity figures the yield will far surpass global bank deposit interest rates with allocated ownership and less risk. Therefore, Kinesis is set to attract large sums of capital from all asset classes spread across the world. This is applicable for all Kinesis currencies in the Kinesis digital currency suite. 6.4 Kinesis Referrers Kinesis Referrers will receive a perpetual revenue share on all transaction fees from the participants they recruit. This provides an immediate business opportunity for anyone, whether they are: a private individual referring friends or family; someone wanting to establish a business to refer participants/ users into Kinesis; an online marketer or affiliate; a person or business wanting to refer other businesses or broker/dealer operations in; or a pre-established business wanting to enrol their clients in the Kinesis system. The viral and scalable nature of the system is quite effective. Back to Contents Back to Contents ↑ 16 KINESIS ROAD MAP & LAUNCH TIMELINE Back to Contents 2015 2017 2018 2019 | Q2 Q3 • December ABX Founded • April ABX Metal Desk institutional metals exchange latest version (v.3) • January Indonesian post office partnership announcement • September KVT capital raise (public sale) goes live • June Initial Token Offering (KVT) completes - Kinesis reached 10th largest ITO in 2019 Kinesis Money (KM) platform public launch 2020 2021 2017 • November Deutsche Borse Group Clearinghouse Partnership Q1 2020 Q2 2020 Q3 2020 Q4 2020 May • BTC + USDT added to the Kinesis Exchange June • Indonesian integrations go live with POS GO, internal rollout initiative June • New exchange interface launches June • Global virtual debit card - launches July • Global virtual debit card mobile platform July • Re-branded Minting platform release August • One click mint withdrawals from KM to Kinesis Mint September • New KM platform - new user interface and features September • Debit Card deposit facility comes online in exchange and mint October • Mobile banking wallet for use with FIAT currencies November • Physical debit card programme - Europe & UK December • Physical debit card program - Africa December • Yield engine core comes online Minters yield first yield to be delivered 2021 • Remaining Kinesis yields come online - Holder - Referrer - Depositor - KVT • Kinesis Enterprise Platform comes online • Enterprise partner integrations begin • Global Marketing initiatives deploy • 2021 Roadmap will be announced. 2021 2015 - 2019 2020 - 2021 Back to Contents ↑ 17 KINESIS VELOCITY TOKEN & INITIAL TOKEN OFFERING (ITO) The Kinesis Velocity Token is a utility token that receives a portion of the transaction fees from the Kinesis Monetary System components. The KVT is an ERC20 token, requiring an ERC20 compatible wallet. 8.1 Rates KVT holders receive a proportional 20% share of all transaction fees associated with all Kinesis currencies and 20% of all commissions from the Kinesis Commercial Centre (KCC). • Price: USD 1,000 • Currently, the Pre-sale offers a 2.5% discount until 9 September 2018. • Technically and legally hard capped to a maximum of 300,000 KVTs to be issued. • A minimum of 5% and a maximum of 20% of transaction fees of the Kinesis system will go towards buying back the tokens at market prices, which will then be held by Kinesis Cayman. 8.2 Use of Funds Kinesis raised US$194 million through the sale of 300,000 KVT’s; enabling it to aggressively grow its businesses. Key milestones have included the integration of all elements in its physical asset based digital currency, blockchain development, payments systems, vaulting, and precious metal trading businesses followed by the initiation of its global commercialization program. Roughly $44.25 million has been allocated to working capital since the completion of the ITO. Working capital is primarily to support market making activity on Kinesis Exchange and a float of fiat versus Kinesis Currencies on TOKEN ALLOCATION Advisors 5% Founders & Management 9% Bounty Campaign 3% Marketing 3% Reserve Fund 10% Kinesis Community