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Summary of Kinesis Silver (KAG)
Key Points
- Kinesis silver (KAG) is a silver-backed digital currency.
- Each KAG token is backed by 1 oz of investment-grade silver bullion.
- KAG enables physical silver bullion to be instantly purchased, traded, spent, and sent globally.
- KAG holders earn a passive yield, paid monthly in KAG, for holding their metals on the platform.
- The yield is calculated from 15% of Kinesis’ global transaction fee revenue.
- KAG can be instantly spent globally with the Kinesis Virtual Card.
- Kinesis was founded in 2018 and has a strategic partner, Allocated
About Silver: Unlocking the Potential of Decentralized Finance
Kinesis Silver (KAG): A Precious Metals-Backed Digital Asset
Kinesis Silver (KAG) is a silver-backed digital currency introduced by Kinesis, a global trading and digital asset utility platform. Each Kinesis Silver (KAG) token is collateralized by one ounce of investment-grade silver bullion, securely stored in fully insured, audited, and rigorously secured vaults, thereby ensuring the utmost integrity and reliability.
The mission driving KAG is to revive the use of physical silver as a medium of exchange and provide the global community with a reliable store of value. By synergistically combining the benefits of digital assets, Kinesis silver offers a unique proposition: physical, fully-allocated, non-fiat-based assets that operate independently of traditional financial systems. Notably, all silver backing KAG is meticulously recorded on a transparent and immutable blockchain ledger, with secure, audited vault storage – and the purchaser retains legal title ownership of the metal.
KAG empowers the instantaneous purchase, trade, and transfer of physical silver bullion globally, thereby bridging the gap between the physical and digital realms, and imbuing precious metals with tangible value and utility. Furthermore, Kinesis silver functions as a reliable stablecoin, providing traders with a safe haven to navigate away from turbulent markets and into the enduring value of precious metals, which has stood the test of time.
What Sets KAG Apart?
In a groundbreaking economic milestone, KAG holders have pioneered the world’s first debt-free yield on precious metals. By simply storing their metals on the Kinesis platform, all KAG holders are entitled to a passive monthly yield, denominated in KAG. This innovative yield is generated from a 15% allocation of Kinesis’ global transaction fee revenue, which is redistributed to users who opt to store their silver on the platform.
Unlike other silver-backed tokens, KAG boasts unparalleled versatility, enabling instantaneous global transactions via the Kinesis Virtual Card. Seamlessly accessible on mobile devices, this innovative solution empowers individuals worldwide to effortlessly convert their KAG holdings into local currency at the point of sale, wherever Mastercard is accepted. By digitizing physical silver in the form of KAG, Kinesis is revolutionizing the concept of silver as a viable currency.
The Visionaries Behind KAG: Meet the Creators
Kinesis silver (KAG) was introduced by Kinesis, a pioneering platform launched in 2018 that seamlessly integrates the exchange, management, and monetary application of native physical gold and silver-based digital assets and cryptocurrency. Through its strategic partnership with Allocated Bullion Exchange (ABX), a renowned global institutional allocated precious metals exchange, Kinesis ensures the secure vaulting of all underlying physical gold and silver. Leveraging ABX’s decade-long expertise in the industry, the partnership harnesses an extensive vaulting network and precious metals trading acumen to facilitate the global trade and management of physical precious metals.
Redeeming Your Silver: What You Need to Know
Every ounce of silver underlying KAG is fully redeemable on the Kinesis platform, a distinct advantage over other silver-backed digital currencies. While they may offer redemption, it often comes with prohibitively high minimum withdrawal limits, rendering it inaccessible to individual investors. In contrast, KAG holders can redeem as little as 200 ounces of the underlying silver bullion, with redemption costs that are among the most competitive in the industry.
The Circulating Supply of KAG: An Overview
The KAG coin supply is subject to fluctuations, as new investors have the ability to mint additional KAG, thereby introducing more coins into circulation. For the most up-to-date and accurate figures on KAG’s total supply and coins in circulation, please refer to the Kinesis explorer.
Acquiring KAG: A Comprehensive Guide
KAG (silver) can be acquired on the Kinesis platform as well as external cryptocurrency exchanges. Notably, only KAG held or traded on the Kinesis platform is instantly redeemable and qualifies for a monthly yield.