Categories
Cryptocurrencies

Kinesis silver

Kinesis Silver (KAG)

Kinesis silver (KAG) is a unique cryptocurrency that stands out due to its tangible backing by physical silver. Developed by Kinesis, a global trading and digital asset utility platform, KAG is backed by one ounce of investment-grade silver bullion. The silver is securely stored in fully insured and audited vaults managed by Kinesis. The primary mission of KAG is to combine the stability and intrinsic value of physical silver with the usability and efficiency of digital currencies.

Ticker KAG
Category Tokenized Assets
Website https://kinesis.money/
Twitter @KinesisMonetary
Telegram kinesismoney

The mission and utility of Kinesis silver

KAG is designed to provide a stable store of value by reintroducing a precious metal backing to currency. It aims to merge the everyday utility of fiat money with the borderless nature of cryptocurrencies, without the usual volatility associated with the digital asset market. This makes KAG a versatile tool for users who wish to engage in global transactions, trade, and spend their assets seamlessly.

Kinesis silver facilitates the instant purchase, trading, spending, and sending of physical silver bullion globally. This capability allows users to access the real-world value and utility of precious metals. By acting as a stablecoin, KAG provides an avenue for cryptocurrency traders to exit volatile markets and transition into the enduring value of silver. Additionally, KAG holders can earn a monthly yield, enhancing its appeal as a stable investment vehicle.

Unique features of Kinesis silver

Kinesis silver (KAG) distinguishes itself through several innovative features that enhance its functionality and appeal:

  1. Debt-free yield on precious metals: KAG holders benefit from a passive yield paid monthly in KAG. This yield is derived from a 15% share of Kinesis’ global transaction fee revenue, distributed among users who store their silver on the platform.

  2. Instant spendability: KAG can be instantly spent using the Kinesis Virtual Card, which is accepted worldwide wherever Mastercard is recognized. This feature allows users to convert their KAG holdings into local currency at the point of sale, providing immediate liquidity and convenience.

  3. Redemption of physical silver: KAG offers the capability to redeem the underlying physical silver with ease. Unlike other silver-backed cryptocurrencies that impose high minimum withdrawal limits, KAG allows redemption at the click of a button, making it accessible for everyday investors.