Gold

Purpose and Overview

Kinesis Gold (KAU) is a digital currency backed by physical gold, where each KAU token represents 1 gram of physical gold stored in secure vaults. The stated purpose is to provide a digital means of owning and transacting with gold, combining the stability of precious metals with blockchain technology.

Business Model and Operation

Kinesis operates by maintaining a 1:1 backing of physical gold for all KAU tokens. Users can redeem their tokens for physical gold, trade them on the Kinesis Exchange, or use them for payments through the Kinesis Money platform. The company generates revenue through transaction fees and maintains transparency through regular audits of their gold reserves.

Real-World Adoption

Kinesis has established partnerships with precious metals dealers and financial institutions. The platform allows users to spend their gold-backed tokens through the Kinesis Virtual Card and integrates with various payment systems. The ecosystem includes the Kinesis Exchange, yield-bearing accounts, and physical redemption services.

Development Activity

The platform shows consistent development activity, with regular updates to their technology stack and expansion of services. The company maintains active development of their mobile apps, exchange platform, and payment systems.

Token Distribution

KAU tokens are created (minted) when users purchase gold through the platform, and destroyed (burned) when users redeem for physical gold. This maintains the 1:1 backing ratio. The company's revenue model is primarily based on transaction fees rather than token appreciation.