At Kinesis we have been very busy bringing to life the many complex aspects that make up the Kinesis Monetary System. Today we have some updates to our timelines that are necessary due to the addition, expansion and evolution of the underlying technology that Kinesis is building. UPDATED CONTRACT SPECIFICATIONS After much discussion with existing and future liquidity providers, we have identified new opportunities to source deep liquidity and competitive pricing. We are aligning our KAG specification more closely with the products offered by said liquidity providers. By doing so, we anticipate that participants within the Kinesis Monetary System will see the immense benefits. The updated specifications are now published in a revised version of our Blueprint and Whitepaper, available immediately following this announcement. KAG is now based on 1oz of silver and the minimum contract for minting KAG is 200oz. KAU remains unchanged. This variation has contributed to the slight delay in releasing the Kinesis Mint. However, we see the enormous benefits in terms of pricing and liquidity significantly outweighing any negatives. UPDATED Kinesis Mint RELEASE DATE Due to the aforementioned changes, we have moved the Kinesis Mint release date and the ability to mint from 18th March, to 25th March, 2019. Once the Kinesis Mint is launched on the 25th of March, KVT holders will have special access to create their eWallets and start minting KAU and KAG, while also enjoying the preferential Initial Minting Offer1 rate. The features you can expect in the Kinesis Mint on launch are: Kinesis Mint Minting from fiat currencies Minting from existing bullion holdings through the Exchange Physical for Digital (EPD) program Kinesis Wallet / Vault Kinesis Blockchain Explorer 1. Formerly referred to as the pre-ICO period, INITIAL MINTING OFFER: Kinesis Mint RELEASE In order to give people sufficient time to capitalize upon the 3x yield multiplier effect for all minting completed during the Initial Miniting Offer period2 and to account for the evolution of the Kinesis Blockchain Exchange (KBE), we have decided to extend the Initial Minting Offer to 30th June, 2019. This will be followed by the full public release of the Kinesis Mint and KBE on 1st July, 2019. 2. Formerly referred to as the 15% Pre-ICO Minting Yield. REVISED PUBLIC LAUNCH DATE OF THE KBE Post 1st July, 2019, with the Kinesis Mint and the KBE live, participants will be able to redeem physical metal, trade in and out of KAU and KAG positions and a variety of other trading pairs and participate in a variety of our unique yields. This will mean those who don’t have the ability to mint can start to trade KAU and KAG on the KBE. THE KVT EXTENSION INLINE WITH THE KINESIS MINT PUBLIC RELEASE As the KVT is a utility token which grants the holder early access to the Kinesis Mint and its Initial Minting Offer, there is no benefit to listing on other exchanges or allowing trade in the KVT at this time. In light of this, we have instead opted to slightly delay the KVT activation date until after the successful launch of the KBE; being the 1st of July 2019. We believe this additional time will contribute to the Initial Minting Offer successfully attracting significant amounts of metal into the ecosystem, and gives a good opportunity for the KMS to begin generating positive yields for the KVT holders. We will also be revealing an initiative to reward those who mint minimum values of the Kinesis currencies with KVTs in an effort to attract the most metal possible to the Initial Minting Offer. This will be revealed in upcoming announcements, inline with the Kinesis Mint Initial Minting Offer launch on the 25th March. The KVT sale ends with the launching of the Kinesis Mint and KBE, once the official minting offer (IMO) has finished, on June 30th 2019. CONFIRMED DATE FOR FIRST YIELD PAYMENTS 30th August is when the first yield payments will be processed. Our yield engine will be fully operational and our key focus is on generating velocity via ease of payment solutions, including partner integrations and the Kinesis debit card. DEBIT CARD Anticipated August/September, 2019 We have begun development, testing and API integration work and are exploring new countries and regions for the Kinesis debit card. As we are developing outside of an internal environment, we are at the mercy of protracted processes which throw an element of uncertainty in actual launch date. The debit card solution we are proposing is the fully integrated service where gold and silver KAU and KAG can be spent via the Kinesis debit card. This will also integrate into the KMS for the seamless management of all of your currencies. CONCLUSION These updates are reflected in our Offering Memorandum that can be found here. The Kinesis Blueprint has the KAG contract specifications, timelines, and the yield table updated accordingly. These updates are now live and can be found here. The Whitepaper also has updated timelines and can be found here.
London 06.03.2019: Kinesis, the leading digitised commodity monetary system, has today announced the appointment of Sergio Fernandez de Cordova and Francisco de Borbon to its advisory committee. Fernandez de Cordova is co-founder of the Blockchain Commission for Sustainable Development at the United Nations. Cordova comes with an established and significant investment portfolio and insurmountable expertise in blockchain investment as well as being a Director, Founder or Chairman in 10 other ventures, with as well as over 18 years of working globally with Governments at all levels, structuring public-private partnerships. This experience at the commission in addition to Mr. Fernandez de Cordova’s diverse and unique experience will bring immense value to Kinesis. De Borbon is the co-founder and managing partner of Alpha Trading and Alpha Themisyu and the Cora Alpha group. He is also the CEO, co-founder and chief visionary behind the Elysium City project, the first and largest sustainable smart city ever developed in Europe — emphasizing his commitment to sustainable development and good governance across Europe. De Borbon has previously been appointed to the advisory board of Allcott and PVBLIC Foundation, highlighting his tremendous experience and value in an advisory capacity. Thomas Coughlin, CEO of Kinesis Money comments: “This distinguished committee brings together a uniquely talented group of experts and visionaries who understand the global market and the importance of ensuring transparency, responsible investment, regulation and governance in a fast-changing landscape. Their knowledge of different markets across the world and depth of technical and innovative thinking will provide Kinesis Money with the inputs needed to establish a strategy and direction that will become market leading and set the standard for others to follow.” Thomas continues: “It’s a privilege to bring such prominent investors to our advisory board. The rationale behind these appointments is to showcase the growing confidence and trust in the Kinesis monetary system and its potential for global market leadership. Our strategy and growth will benefit immensely from their prestige, good governance and expertise in investment portfolio growth. We look forward to a long and prosperous relationship with our new advisory team.” In addition to our UAE partners, which are continuing to grow, these new appointments reflect the growing support and interest from leading figures in business and finance for Kinesis, particularly in key European markets. We encourage to research these individuals as they have impressive backgrounds.
We are proud to announce the appointment of a new member to the Kinesis Advisory Board, Sheikh Mohamed Al Qasimi. With a background in banking, finance and economics. He hopes to see blockchain technology gain success across the Gulf region. Mohamed is an influential member of the Al Qasimi royal family that rules over the Emirate. The Al Qasimi family has diversified economic and financial interests within the region and with a focus on strategy for steady growth through alliances and acquisitions. This fits closely with Kinesis’ strategy to continue to build strong partnerships around the world. Mohamed’s interest in Kinesis is inextricably intertwined with his knowledge of precious metals. He can provide access to strategic partnerships within the region as he introduces Kinesis to his network of royalty and government officials. To learn more about the Kinesis Advisory Board and other key members of the Executive Team click here.
We are proud to announce Kinesis is now a developmental partner with Elysium City, the first major smart sustainable city project in Europe. One of the most ambitious leisure and hospitality destination projects in Spain and the largest of its kind on an international scale, Elysium City will be built from the ground up, with a healthy budget of around $20 Billion. The project is being backed by California development firm Cora Alpha, a division of Cora Global, which is run by John Cora, a former VP of the Disney corporation in charge of theme park operations and resort development. The plans are to develop the Elysium resort on a 1,200-hectare parcel of land in the Extremaduran town of Castilblanco. The first phase expects to complete in 2023 and would consist of a casino, four hotels, a golf course, several theme parks, plus a 40k-seat football stadium and an assortment of infrastructure projects to serve a 2k-home residential complex. The second phase would follow in 2028 and would add more residential space, a solar power plant, a Formula One racing track, a convention centre and other amenities. The first phase would require an outlay of around $3.5b while phase two would require another US$10b. The city entails an investment of 3,500 million in a first phase and up to another 8,000 million in a second stage. Kinesis will have exclusive rights to build a vault within the city and to create a trade zone in which we can implement the Kinesis Monetary System.
London 13th November, 2018: Today, Jakarta Futures Exchange (JFX), the leading futures and derivatives exchange group in Indonesia, have announced an expanded Memorandum of Understanding (MOU) with Kinesis Money and Allocated Bullion Exchange (ABX). The partnership will seek to develop an Indonesian based and regulated blockchain exchange using Kinesis technology. Together, Kinesis and ABX have developed an evolutionary monetary system using real assets (gold and silver) as the basis for digital currencies. These currencies are transacted on the Kinesis Blockchain Exchange, a fork of the Stellar Network which is able to handle more than 3000 transactions per second. The system is also integrated with mobile banking and fiat currency exchange services. ABX, the world's leading electronic institutional exchange for physical precious metals, has been working with JFX to expand gold investment opportunities in Indonesia. JFX is a leading exchange for gold futures contracts, and is now launching a spot physical Sharia Gold Contract, in partnership with ABX, having been granted approval by Indonesian regulators and the Indonesian National Shariah Board. A blockchain exchange version of gold-based currencies, through collaboration with Kinesis and ABX, is a natural extension of the JFX and Indonesian government vision. The expanded partnership between JFX, Kinesis and ABX envisions an Indonesian blockchain exchange based on the technical advances of the Kinesis Blockchain Exchange. This partnership is part of JFX's future intention to create blockchain-based solutions in addition to existing infrastructure, allowing investors alternatives, in which to benefit from an increased ease, speed and security of transactions. The future development of this partnership propels institutional acceptance of blockchain technology, through the sharing of concepts, business models and technology solutions. Stephanus Paulus Lumintang, President Director, Jakarta Futures Exchange, comments: "JFX is committed to providing the best solutions and services in the futures and derivatives industry. It's increasingly become clear to us that the benefits of distributed ledge technology, or 'blockchain' will unlock tremendous amounts of value for Indonesia and Indonesian people.” "Blockchain regulation in Indonesia is currently in progress, and it is quite an important, yet difficult task. However, JFX is ready to be a blockchain exchange company in Indonesia, in compliance with any legal and regulatory requirements." "Our future partnership with Kinesis and ABX will enable us to not only tap into these advantages but to create a secure and transparent blockchain network that provides a credible alternative to existing systems of exchange." Thomas Coughlin, CEO Kinesis; CEO ABX, comments: "The bespoke blockchain network that we developed creates a complete monetary system which enables real, physical assets to be transacted and exchanged digitally, at speed and at low cost. We believe that the integration of physical precious metals and distributed ledger technology offers tremendous value to the Indonesian market, with its dual interest in gold and in blockchain. We look forward to continuing our partnership with JFX to bring this to fruition." About Jakarta Futures Exchange Jakarta Futures Exchange (JFX) is the first futures exchange in Indonesia to provide an exchange infrastructure for its members in order to be able to conduct futures transactions.