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For those panicked waking up to war and massively down markets, there are a couple ways to weather the shit storm...
What do you Guys think of Kinesis as a Gold-Backed Crypto?
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Depending on the country you're in, there are several amazing cash out options you can use. 1. ETH to stable coins ( USDC, DAI, PAXG and KAU ) 2. ETH to crypto debit cards ( I don't want to shill any names here. Just google a few ) 3. ETH to your bank account ( same as point 2, but be careful. Banks are boomers who will sodomize you with "AML" questions just because you use crypto. You have been warned ) 4. ETH to gift cards to real products and services 5. ETH to car ( you can buy a car and sell it for cash immediately ) Congrats on finding your wallet! Just watch out for DM's. Lots of parasites, rats and cockroaches will try to message you to "help" you get rid of your ETH as fast as possible. Good luck bro! Enjoy your gains!
So bullish on gold backed tokens now ? PAXG ? XAUT ? KAU ?
What... There have been a few for a while now. I haven't used/traded in all of these but some are: - Tether Gold - 1:1 troy ounce - DigixGlobal - 1:1 gram - Paxos Gold (PaxG): - 1:1 troy ounce - Gold Coin GLC: - 1:1000 Goldcoin per ounce of gold - The Perth Mint Gold: - 1:1 oz / 1 oz GoldPass certificate - Kinesis Gold (KAU): - 1:1 gram .... I guess the question is will there ever be a run on them. How severe of a run. And who survives said run. They tend to hold the gold in audited and insured vaults, or at least claim to.
How about an asset backed crypto currency like Kinesis (KAG and KAU) or Lode. To get the best of both worlds?
I still want to hold some gold. I’m thinking about PAXG or KAU, but I’m a noob so not sure.
Kinesis Money, KAU / KAG. Crypto fully backed by gold and silver. I think it’s promising for a number of reasons, poorer countries may not have a stable banking system or currency. First would countries are seeing our buying power drop due to inflation. I believe silver and gold will rise in price along with everything else. The Kinesis system has transaction fees and some of those fees are returned to users, there are I believe five different yields. So if all you want to do is buy and hold, you will earn a yield (yields depend on how much transaction fees are collected).
Kinesis Gold and Silver, KAU / KAG Crypto fully backed by gold and silver.
I'm not sure about KAU but for something like PAXG which is very similar you can lend it and earn up to 8% on it on a platform like nexo which is far better yield than actually holding real gold.
Is there a way to earn interest on "KAU"? Not sure why I would hold that over PAXG on nexo and earn some interest on it if I'm gonna be holding Gold like that. Pretty sure PAX will also mail you gold if you want to redeem it as well.
From what I understand, with ETFs, you don't legally own the gold. I think you need to hold something like 1 mill USD in gold to be able to get physical possession of the metal from an ETF. Also, when I read the terms and conditions of an ETF, they always say they're not liable for your gold there's an "act of god". As far as I can tell, the gold stored with Kinesis doesn't appear on their balance sheet - it's legally yours. The KAU is just a digital 1:1 representation.
Kinesis KAG and KAU, Crytocurrencies backed by Silver and Gold hold to your name. You can't substitute an element..
Any of you guys use r/kinesis to store cryptos in? Anyone have any luck with the KAU /KAG and their monthly dividends? Was checking out r/learn_kinesis and was educational just thought I’d get more input
For real this is why I own 1:1 backed gold and silver through kinesis crypto KAU and KAG. Great way to earn a dividend each month too. https://kms.kinesis.money/signup?referrer=KM13760404
Kinesis. I keep it there since I can trade in a few crypto there along with silver KAG and gold KAU currency.
My favorite choice is gold/silver backed tokens like KAU/KAG and PAXG as I think its better to hold those as the dollar is loving value.
It is important that any stable coin that you use or want to use is fully aduited and transparent as much as possible. My current favorite stables are USDC and KAU/KAG as I think gold/silver goes up against dollar too so I want to hold my value.
You can add if you want KAG and KAU which are cryptos backed by physical gold and silver
I still prefer stable coins like Kinesis KAU/KAG that don't have horrible devaluation over something like USDC.
Another option that is expanding rapidly is KAU and KAG which are kinesis stable coins backed by gold/silver.
What about gold and silver backed tokens like [Kinesis KAU and KAG](https://kinesis.money/precious-metals/?referrer=KM13491828)? They are a good diversification of your portfolio and will soon pay a yield too (without lending or staking). They are basically gold and silver owned by you outright and therefore also redeemable for gold and silver. Can be spend using a debit card and can be bought outright for USDT, BTC, ETH, LTC and fiat. In the near future, Kinesis will also introduce a token backed by emerald, if you want to diversify into something exotic.
Stablecoins have earned a bad reputation because of the questions whether USDT is actually backed by US$. Enter Asset Backed Digital Currency which as the name suggests is backed by assets. [**Kinesis currencies**](https://kinesis.money/precious-metals/?referrer=KM13491828) are 100% backed by **gold (KAU)** and **silver (KAG)**. In fact, they **are** vaulted physical gold and silver that you own outright with your ownership registered on blockchain (a fork of **Stellar**). Unlike Tether, this actually get audited twice a year by independent auditors. And unlike the US$, gold and silver cannot be debased by printing more of it. Sharing of transaction fee income also means that these tokens earn a **yield**.
Yes, there are few good options at the moment. Apart from crypto, I think negative interest rates are going to drive many traditional savers into Asset Backed Digital Currency (ABDC) as an alternative to saving in fiat money. An ABDC like [Kinesis Money](https://kinesis.money/precious-metals/?referrer=KM13491828) is basically direct ownership of gold (KAU) or silver (KAG) registered on a blockchain (a fork of Stellar) and it pays a yield, unlike your bank account. So this is another great diversification option for a mixed portfolio.
Apart from crypto, I think these negative interest rates are going to drive many traditional savers into Asset Backed Digital Currency (ABDC) as an alternative to saving in fiat money. An ABDC like [**Kinesis Money**](https://kinesis.money/precious-metals/?referrer=KM13491828) is basically direct ownership of gold (KAU) or silver (KAG) registered on a blockchain (a fork of **Stellar**) and it pays a **yield**, unlike your bank account. So this is another great diversification option for a mixed portfolio.
If you are converting into something a little more exotic than just a dollar stablecoin you can get protection against inflation with something like KAU or PAXG which are gold backed crypto. KAU has the ability to earn yields as well if you use it on their platform.
Not sure why people are taking chances anymore with this algo stable coins. Makes more sense to go with something backed by actual value like KAU or PAXG. Even usdc is a better idea as its backed by actual money rather than hoping your algorithm can withstand "bank runs."
I depends. There are things like Kinesis KAU / KAG, crypto backed by 100% physical metal. And there are the “stable coins” backed by currency. If you include currencies backed by things, the market cap will be much higher than if you are just counting crypto like Bitcoin, which has value because it’s scarce and took computing power to mine, but it’s not backed by anyone. I am skeptical that things like Bitcoin will be worth more than the market cap of gold.
I have money in Kinesis, KAG / KAU. Crypto backed 100% by physical silver / gold. It’s still getting off the ground so it isn’t paying yields yet, but should start paying later this year. You earn a yield for holding, minting, referring, and there are KVTs which are ownership tokens, discounted tokens can be purchased through Citizens for Sound Money. I have not heard about Kebab. I take it there is some risk involved in yield farming? You don’t get something for nothing.
Kinesis also has KAU, digitally backed Gold. I think silver has a better chance of rising in price than gold though.
I've chosen to off-ramp profits into Kinesis Monetary... uses a Stellar fork to allocate KAU (gold) and KAG (silver) 1:1. Yields paid on holdings, spend it with debit card, and call for delivery of physical metals if I choose. Their exchange lets most popular cryptos trade among many market pairs for 0.22% fees. Kinesis also has a Velocity Token (KVT) that give holders a perpetual claim on a portion of the all fees collected in the system.
Kinesis Monetary with their KAU (gold) and KAG (silver) allocated metals 1:1 on the Stellar blockchain. Earns a yields, spendable with a VISA debit card, and call for delivery of your metals at any time. They also have only 300,000 Kinesis Velocity Tokens (KVTs) that give the holder a perpetual claim on 1/300,000th of 20% of the system feel pool. This token and yield is the largest in the system and most exciting for potential gains and passive income. Some time looking into Kinesis will show you they are the real deal, for many reasons.
Stellar powers the Kinesis Monetary KAU (gold) and KAG (silver) allocated metals 1:1.
The KAU and KAG are on the Stellar blockchain, and the Kinesis Velocity Tokens (KVTs) are on the Etherium ERC-20 protocol. I use the Kinesis exchange to trade BTC, ETH, and USDT into other market pairs. It'll get easier when they get the KAU, KAG, and KVTs trading on other exchanges soon.
Did you read as far as the description of Kinesis with their KAU and KAG on a Stellar blockchain, and the KVT on the ERC-20 protocol? I'm able to see BTC and ETH HOLDLers arrive on the exchange and sell for KAU, then mint cycle their assets for KVTs, during the current promotion, which earns 1 KVT for every $75,000 cycled with a 3x munltipleir for the minter's yield when that comes online in a couple months. THose who know what is going one here, know that there's hard money to be earned.
I've chosen to move most of my crypto gains into physical silver, and silver miners for beta. Experienced observers of the precious metals space can see the technical charts for silver and gold are setup for a run, as much as 50% for gold and 100% for silver... the silver miners are like crypto on steroids, at times like this, and the small caps can move 10x in a week before hitting more the next. I use the Sprott ETF - PSLV as a means to buy and hold title to silver I don't want to take possesion of (not SLV which is a scam of paper silver). I use Kinesis Monetary a my means to buy crypto gold (KAU) and silver (KAG), and Kinesis has the added bonus of paying me a yield (yields start next month), I can use a VISA debit card for purchases, and things really go sideways I can call for delivery of my metals anywhere in the world. Kinesis has a proprietary exchange that handles BTC, ETH, USDT, USD, EUR, and GBP, but plans are to have their KAU and KAG trading on external exchanges soon (no word yet which ones). There's an added bonus of a Kinesis Velocity Token (300,000 ever) and these give you partial ownership of company profits. And then there's always the physical silver in hand that I get from reputable bullion dealers. Those silver miners are best learned about from a guy on Twitter, 'at'TheLastDegree ... he goes by Gold Ventures, and makes a lot of info available about what he's buying, and why. So, that's what I am doing while seeing the writing on the wall of a shift in investment flows and sentiment of people looking for momentum. I think the next 10 months puts momentum in silver mostly, and gold some.
Inflation protection with Gold and Silver. Kinesis Monetary provides two stablecoins, KAU (1g gold) and KAG (1oz silver), and an online exchange to trade in and out of BTC, ETH, USDT, USD, EUR, and GBP. More currency pairs are coming and also on external exchanges. The KAU and KAG earn a yiled, and are spendable with a phone virtual VISA debit card. There is also a physical debit card in USA and Europe. Physical delivery of your metals is able to be done from 9 vaults in 8 countries around the world. [https://kinesis.money/money/](https://kinesis.money/money/)
I agree, and have believe the private/public partnership will succeed... there's a lot invested in this by the Indonesian government. Coming out of Kinesis soon, will be their KAU, KAG, and KVTs trading on external exchanges. And yet to be announced agreements with other governments and businesses. The next 6 months should be very exciting for Kinesis and KVT holders.
I have physical PMs, ETFs and also KAG and KAU to complement my PM holdings. Having some KVT is a no-brainer given risk/reward dynamics. Nice that you can deposit crypto, to allow the significant de-risking and profit taking I expect from crypto holders in the coming months
The only project I am aware of is this one through Kinesis. Their gold stablecoin, the KAU (1g gold) is on a Stellar blockchain allocated 1:1... the main reason this feature is sharia compliant is that there is no interest charged or earned. Kinesis does pay a yield though, and this is done by charging users fees (\~0.22%) and this fills a master fee pool. Yields of various kinds are paid to users out of this master fee pool, and this satisfies sharia banking / investing philosophy. Kinesis has a lot planned in the coming few months, and additional partnerships have been mentioned, but with whom has not been released. These guys are a big deal, and too much to describe here without sharing links, but they aren't allowed on this subreddit.
Yes, Kinesis has two stable coins on a Stellar blockchain call KAU (1g gold) and KAG (1oz silver), and the Kinesis Velocity Token on the Ethereum ERC-20 protocol. The KAU and KAG are able to be bought, saved, traded, and spent with a VISA debit card. There will only ever be 300,000 of the KVTs... these give the holder a portion of yields paid out of a master fee pool that fills from the fees collected from all activity within the Kinesis system. The potential earnings could be massive, especially if this partnership in Indonesia takes off, and the other countries they are planning to on-board come in.
There’s a [tech YouTube](https://youtu.be/bG6U2KAU1lA) video here The “rug” pull, was just a whale cashing in which sparked a series of stop loss sells, a bunch of FUD appeared, panic sells. But it’s always important to check [the whole graph](https://twitter.com/__v_0_i_d__/status/1389482560997236737?s=21) The TrueBit code has been reviewed by Andre Cronje (YFI) and highly praised, and YFI developer (Banteg) since that sell off and found to be legit There’s a [Ton of Twitter threads](https://twitter.com/mementoquamfy/status/1390573425060716547?s=21) about what TrueBit is. The founder Jason Teutsch is a veteran in the crypto field, links to Vitalik, ChainLink. I could go on, but I’ll probably bore you.. a lot of people will ignore this, but I can live with that 😎
Thanks for this great article! I just got a cool wallet s so I could put my crypto and Kinesis KAU/KAG (gold/silver) on it, but was worried about what would happen if the wallet was stolen. Good to know that the tokens can still be recovered. Info on cool wallet s: [https://www.coolwallet.io/coolwallet-s-announces-partnership-with-kinesis/](https://www.coolwallet.io/coolwallet-s-announces-partnership-with-kinesis/)