Kinesis Gold (KAU)
Kinesis gold (KAU) is a cryptocurrency that stands out by being backed by physical gold. Launched by Kinesis, a global trading and digital asset utility platform, KAU aims to combine the stability of gold with the efficiency of digital currencies. Each KAU token is backed by one gram of investment-grade gold bullion, which is securely stored in Kinesis' fully insured and audited vaults.
The mission of Kinesis gold
The primary mission behind Kinesis gold (KAU) is to reintroduce the concept of physical gold backing to modern currency systems. KAU seeks to provide a stable store of value for the global community, offering the everyday utility of fiat currency and the borderless efficiency of a cryptocurrency without the volatility that typically characterizes digital assets. KAU enables users to instantly purchase, trade, spend, and send physical gold bullion worldwide, providing tangible access and utility to precious metals.
| Ticker | KAU |
| Category | Tokenized Assets |
| Website | https://kinesis.money/ |
| @KinesisMonetary | |
| Telegram | kinesismoney |
Unique features of Kinesis gold
Kinesis gold (KAU) distinguishes itself with several unique features that set it apart in the cryptocurrency and precious metals markets.
Debt-free yield on precious metals
One of the most significant innovations of KAU is the introduction of a debt-free yield on precious metals. KAU holders receive a passive yield paid monthly in KAU simply by holding their metals on the Kinesis platform. This yield is derived from a 15% share of Kinesis' global transaction fee revenue, which is distributed among users who store their gold on the platform. As of the time of writing, Kinesis has distributed over $3,000,000 to KAU holders through this yield program.
Instant spending with the Kinesis Virtual Card
KAU is not just a store of value but also a medium of exchange. Users can instantly spend their KAU holdings using the Kinesis Virtual Card, which is accessible via mobile devices. The virtual card allows users to convert their KAU into local currency at the point of sale, anywhere Mastercard is accepted. This functionality effectively digitalizes physical gold, allowing it to be used as a currency in everyday transactions.
Redeeming physical gold
Kinesis ensures that every gram of gold backing KAU is available for redemption, providing flexibility and assurance to its users. Unlike other gold-backed cryptocurrencies that may impose high minimum withdrawal limits, Kinesis allows users to redeem their gold at the click of a button, making the process user-friendly and accessible.