Overview of KAG Coin
The Kinesis Monetary System is designed to provide a stable, reliable, and efficient way to trade, invest, and store precious metals through digital tokens. Here is some information about Kinesis Money and its system:
Kinesis Money:
- Owner: The Kinesis Monetary System is developed and managed by Kinesis Money Ltd, a financial technology company. The company was founded by Alain Dunoyer and Thomas Coughlin.
Uses:
- Digital Gold and Silver Currencies: Kinesis offers digital representations of physical gold (KAU) and silver (KAG) through blockchain technology. These tokens are backed by allocated physical bullion, and users can hold, trade, or spend them like traditional fiat currencies.
Seed Sale:
- Kinesis launched its Initial Token Offering (ITO) to fund the development of its monetary system. During the ITO, KAU and KAG tokens were offered to participants.
Working Principles:
- Kinesis tokens are backed 1:1 by physical gold (KAU) and silver (KAG) stored in audited and insured vaults. When users hold Kinesis tokens, they have a claim to the corresponding amount of physical bullion.
- The Kinesis Monetary System is built on blockchain technology to provide transparency, security, and efficiency in the precious metals market.
- Users can trade KAU and KAG on cryptocurrency exchanges, allowing for easy access and liquidity.
Limitations:
- Like other stablecoins and digital representations of physical assets, the value of KAU and KAG can be influenced by market demand, external factors, and fluctuations in the prices of gold and silver.
- Kinesis Money and its tokens are subject to regulatory changes and financial market conditions.
Current Value:
- The value of KAU (Kinesis Gold) and KAG (Kinesis Silver) tokens varies based on the real-time prices of gold and silver. You can check the current value by visiting cryptocurrency price tracking websites or financial news sources.
How to Buy and Sell: To buy and sell KAU and KAG tokens, you can follow these steps:
- Register on a Cryptocurrency Exchange: Sign up for an account on a cryptocurrency exchange that lists KAU and KAG tokens.
- Complete KYC Verification: Many exchanges require users to complete Know Your Customer (KYC) verification by submitting identification documents.
- Deposit Funds: Deposit your preferred fiat currency or other cryptocurrencies into your exchange account.
- Place Orders: Use the exchange to place orders to buy KAU or KAG tokens. You can typically set market orders or limit orders based on your preferences.
- Secure Wallet: For added security, consider transferring your KAU and KAG tokens to a secure cryptocurrency wallet.
- Sell or Trade: To sell or trade your tokens, go to the exchange platform and follow the necessary steps.
Please note that cryptocurrency investments come with risks, and it’s essential to conduct your research and understand the market before buying any digital assets, including Kinesis tokens. Additionally, since my information is based on January 2022, I recommend checking the latest updates and information about Kinesis Money and their tokens from their official website and trusted cryptocurrency sources
