Published by Gbaf News
Posted on August 29, 2018
18 min readLast updated: January 21, 2026
Kinesis system to use wholly backed 1:1 by physical gold and silver stored in fully insured top-security vaults across the world
Small day-to-day transactions via debit card to take 2-3 seconds
There is an argument that the traditional banking system is broken.
As Bitcoin values nosedived on August 14, the former CEO of Paypal, Bill Harris, told CNBC’s Fast Money programme that Bitcoin had no value, was slow to transact, volatile and had scalability problems.
“The cult of Bitcoin [makes] many claims,” he said, “that it’s instant, free, scalable, efficient, secure, globally accepted and useful – it is none of those things.”
These are common weaknesses across crypto currencies.
So what is the answer? We believe it is Kinesis, which has the potential to meet all of Harris’s criticisms.
Set to be launched by the Allocated Bullion Exchange (ABX) – the world’s first electronic institutional allocated physical precious metal bullion exchange – Kinesis is a wholly integrated value exchange system, linking to globally accessible crypto currencies that are directly backed by hard assets in gold and silver, giving them intrinsic value.
The real challenge for an alternative global system of value exchange is not for it to be a wealth creation exercise for the elite, but an effective method of transfer that is stable, cannot be manipulated by institutions or governments, protects the individual, has an intrinsic value and can be used quickly for ordinary, day-to-day transactions.
It should also act as a barrier to crime, particularly money laundering and terrorism financing, and offer a reasonable alternative to expensive wire transfers for the ‘unbanked’.
The Kinesis currencies will fulfil all of these objectives.
The Kinesis currencies
KAU (gold-backed, 1 KAU = 1 gram of gold) and KAG (silver-backed, 1 KAG = 10 grams of silver) are linked directly to above ground gold or silver, so can never be sold below the current price of gold and silver, which gives them stability. The currencies are protected, as they decentralise control from banks to the individual, who retains 100% title to their value at all times, unlike bank deposits.
The deposits of fully insured gold and silver are held in third-party vaults with the highest security rating across the world and these holdings will be subject to semi-annual third-party holding audits. To put that in perspective, the last full audit of the gold held in Fort Knox took place in 1954. The Kinesis system is based on LBMA (London Bullion Market Association) bars, officially recognised via the legacy system, with all associated taxes paid.
In short, Kinesis is an ethical system that enhances money as both a store of value and a medium of exchange.
Transactions take just 2-3 seconds and are proportionate to what you are buying, so, unlike other crypto currencies, these can actually be used in day-to-day transactions like buying a cup of coffee.
When you pay over the currency unit, which can be allocated using your Kinesis debit card, you are also paying over that percentage share of the gold or silver that goes with it. At the same time, transactions costs are a fraction of alternatives, making the whole system viable for day-to-day use in even small amounts. And the Kinesis debit card can be used to access cash at ATMs.
This is a credible and auditable system and has already won the backing of, among others, the Indonesian Post Office, which has signed up to use it in handling its $12.5 billion of assets. What’s more, Kinesis is Sharia compliant because it makes its yield from transaction fees not interest.
What this also means is that for the first time ever precious metals attract yield as physical assets in a way that encourages trade and transactions.
The Kinesis system is an evolutionary step beyond any current monetary system available in the world today. It enhances money as both a store of value and a medium of exchange.
Kinesis Velocity Tokens and how they work
Underpinning it is a unique multifaceted yield system that promotes the use of Kinesis as a medium of exchange while distributing back the wealth generated according to proportionate KVT (Kinesis Velocity Token) holdings and velocity.
The KVT is an investment in the soon to be launched Kinesis Monetary system. Stakeholders are essentially buying into the success of the system. Holders of the KVT tokens will receive a 20% proportional share of the transaction fees from the Kinesis Monetary System.
The token rewards participants, proportionately to the growth of Kinesis Monetary System. To perpetuate growth of the Kinesis Monetary System, Kinesis have released the Kinesis Velocity Token (KVT). KVT’s are limited to 300,000 only. This will create an additional layer of income for token holders on top of the value of the token itself.
This is not a gimmick that has suddenly emerged from nowhere, but a system carefully devised over seven years, based on the accredited ABX exchange, which will employ the block chain to ensure global security.
“We provide a value and a unit of account and we solve the medium of exchange issue, while the system produces a yield,” says CEO Thomas Coughlin.
The only way to bring this currency to the people is to digitize it and allow it to trade in very small amounts.
So what is Kinesis?
Where is the gold and silver stored?
Why is Kinesis attractive to the consumer and investor?
Why would countries back you when what you are doing would limit their ability to control currency?
What evidence is there to show the credibility of Kinesis?
In summary, then, Kinesis crypto currencies are suitable for day-to-day use and the feature of consumer banking because:
From a social and geo-political standpoint, Kinesis has the following potential:
Kinesis system to use wholly backed 1:1 by physical gold and silver stored in fully insured top-security vaults across the world
Small day-to-day transactions via debit card to take 2-3 seconds
There is an argument that the traditional banking system is broken.
As Bitcoin values nosedived on August 14, the former CEO of Paypal, Bill Harris, told CNBC’s Fast Money programme that Bitcoin had no value, was slow to transact, volatile and had scalability problems.
“The cult of Bitcoin [makes] many claims,” he said, “that it’s instant, free, scalable, efficient, secure, globally accepted and useful – it is none of those things.”
These are common weaknesses across crypto currencies.
So what is the answer? We believe it is Kinesis, which has the potential to meet all of Harris’s criticisms.
Set to be launched by the Allocated Bullion Exchange (ABX) – the world’s first electronic institutional allocated physical precious metal bullion exchange – Kinesis is a wholly integrated value exchange system, linking to globally accessible crypto currencies that are directly backed by hard assets in gold and silver, giving them intrinsic value.
The real challenge for an alternative global system of value exchange is not for it to be a wealth creation exercise for the elite, but an effective method of transfer that is stable, cannot be manipulated by institutions or governments, protects the individual, has an intrinsic value and can be used quickly for ordinary, day-to-day transactions.
It should also act as a barrier to crime, particularly money laundering and terrorism financing, and offer a reasonable alternative to expensive wire transfers for the ‘unbanked’.
The Kinesis currencies will fulfil all of these objectives.
The Kinesis currencies
KAU (gold-backed, 1 KAU = 1 gram of gold) and KAG (silver-backed, 1 KAG = 10 grams of silver) are linked directly to above ground gold or silver, so can never be sold below the current price of gold and silver, which gives them stability. The currencies are protected, as they decentralise control from banks to the individual, who retains 100% title to their value at all times, unlike bank deposits.
The deposits of fully insured gold and silver are held in third-party vaults with the highest security rating across the world and these holdings will be subject to semi-annual third-party holding audits. To put that in perspective, the last full audit of the gold held in Fort Knox took place in 1954. The Kinesis system is based on LBMA (London Bullion Market Association) bars, officially recognised via the legacy system, with all associated taxes paid.
In short, Kinesis is an ethical system that enhances money as both a store of value and a medium of exchange.
Transactions take just 2-3 seconds and are proportionate to what you are buying, so, unlike other crypto currencies, these can actually be used in day-to-day transactions like buying a cup of coffee.
When you pay over the currency unit, which can be allocated using your Kinesis debit card, you are also paying over that percentage share of the gold or silver that goes with it. At the same time, transactions costs are a fraction of alternatives, making the whole system viable for day-to-day use in even small amounts. And the Kinesis debit card can be used to access cash at ATMs.
This is a credible and auditable system and has already won the backing of, among others, the Indonesian Post Office, which has signed up to use it in handling its $12.5 billion of assets. What’s more, Kinesis is Sharia compliant because it makes its yield from transaction fees not interest.
What this also means is that for the first time ever precious metals attract yield as physical assets in a way that encourages trade and transactions.
The Kinesis system is an evolutionary step beyond any current monetary system available in the world today. It enhances money as both a store of value and a medium of exchange.
Kinesis Velocity Tokens and how they work
Underpinning it is a unique multifaceted yield system that promotes the use of Kinesis as a medium of exchange while distributing back the wealth generated according to proportionate KVT (Kinesis Velocity Token) holdings and velocity.
The KVT is an investment in the soon to be launched Kinesis Monetary system. Stakeholders are essentially buying into the success of the system. Holders of the KVT tokens will receive a 20% proportional share of the transaction fees from the Kinesis Monetary System.
The token rewards participants, proportionately to the growth of Kinesis Monetary System. To perpetuate growth of the Kinesis Monetary System, Kinesis have released the Kinesis Velocity Token (KVT). KVT’s are limited to 300,000 only. This will create an additional layer of income for token holders on top of the value of the token itself.
This is not a gimmick that has suddenly emerged from nowhere, but a system carefully devised over seven years, based on the accredited ABX exchange, which will employ the block chain to ensure global security.
“We provide a value and a unit of account and we solve the medium of exchange issue, while the system produces a yield,” says CEO Thomas Coughlin.
The only way to bring this currency to the people is to digitize it and allow it to trade in very small amounts.
So what is Kinesis?
Where is the gold and silver stored?
Why is Kinesis attractive to the consumer and investor?
Why would countries back you when what you are doing would limit their ability to control currency?
What evidence is there to show the credibility of Kinesis?
In summary, then, Kinesis crypto currencies are suitable for day-to-day use and the feature of consumer banking because:
From a social and geo-political standpoint, Kinesis has the following potential:
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