BitMart, a premier global digital asset trading platform, will list the silver-backed digital currency KAG on November 17, 2022, for all BitMart users. The KAG/USDT trading pair will be officially availablefor trading at 10:00 AM (UTC).
What is KAG?
Kinesis silver (KAG) is a silver-backed currency native to Kinesis Money – a global trading and digital asset utility platform. Each Kinesis Silver (KAG) token is backed by one ounce of investment-grade silver bullion, with a minimum fineness of 999, securely stored in Kinesis’ fully insured, audited vaults in your name. KAG lets the global community hold, spend, trade, send and earn physical silver globally.
Kinesis Money was founded by Allocated Bullion Exchange (ABX), a leading institutional exchange with over 10 years’ experience trading fully allocated precious metals globally. ABX is a public company with an outstanding reputation in the precious metals space.
All precious metals within the Kinesis system are fully reserved (1:1), fully audited, fully redeemable and securely held within the insured vaults of Kinesis’ parent company, Allocated Bullion Exchange (ABX). Kinesis Silver (KAG) is tradeable on BitMart alongside Kinesis Gold (KAU) – a digital currency launched by Kinesis Money that’s backed by one gram of investment-grade gold bullion.
Why KAG?
Kinesis silver (KAG) offers crypto traders instant access to the timeless value of physical silver, while earning a monthly yield on their assets.
- Yields
In an economic first, KAG holders earn the first ‘debt-free’ yield on precious metals. All KAG holders receive a passive yield – paid monthly in KAG – simply for holding their silver on the Kinesis platform. The yield is calculated from a 15% share of Kinesis’ global transaction fee revenue, with all yield pool calculations viewable on the platform.
- Utility
Unlike other silver-based tokens, KAG can be instantly spent across the globe with the Kinesis Virtual Card. Accessible via mobile device, the Kinesis Virtual Card lets global users instantly convert their KAG holdings at point of sale, anywhere MasterCard is accepted, with instant fiat conversion.
- Institutional heritage
All silver bullion is managed by parent company, Allocated Bullion Exchange (ABX) – a leading global institutional exchange with more than 10 years of experience in the precious metals industry.
- Fully allocated ownership
Every KAG is underpinned by physical silver bullion, which is fully allocated and held in your name at all times. If you hold KAG on the Kinesis platform, you own the underlying physical silver bullion that’s held in fully insured vaults across the globe.
- Redemption
The investment-grade, physical silver bullion underpinning KAG can be redeemed at any time. Users can take delivery of as little as 200oz of fine silver from localised redemption hubs across six continents.
- Audited
All the investment-grade silver underpinning KAG is subject to independent biannual audits completed by a leading independent commodity audit specialist thatconfirm the full allocation, stated quantity and quality (999. fineness) of all silver bars.
- Value
Through ABX’s global vaulting network, Kinesis charges no fees on storage and offers the lowest prices and tightest spreads aggregated across all our major global trading hubs, including London, Zurich, New York, Toronto, Sydney and more.
Kinesis Virtual Card
The Kinesis Virtual Card lets users spend their gold, silver and crypto in real-time, anywhere in the world – converting their assets at the exact moment of transaction. Through their partnership with established payment institutions and approved partners, Kinesis is reintroducing silver as money to the global community.
Vision
To unrelentingly drive for positive global change by pushing the boundaries of what is achievable with money, economics and commerce for the unified advancement and betterment of all.
Mission
The mission behind KAG is to reintroduce physical silver currency and provide the global community with sound money through a universally adopted, asset-backed monetary system that is disruptively efficient, secure and fair.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 9 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 1000+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their Website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About Kinesis
Kinesis silver (KAG) was launched by Kinesis. Founded in 2018, the Kinesis platform facilitates the exchange, management and monetary application of native physical silver and silver-based digital assets and cryptocurrency.
To learn more about KAG and Kinesis, please visit the Kinesis Money Website, follow them on Twitter, subscribe to their Youtube and join their Telegram.
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