Silver

Overview

Kinesis Silver (KAG) is a digital currency backed 1:1 by physical silver bullion stored in secure vaults. Each KAG token represents 1 troy ounce of silver.

Purpose and Utility

The intended purpose of KAG is to serve as a digital representation of physical silver, enabling users to trade and transact with silver in a more efficient manner while maintaining direct ownership of the underlying physical asset. The system allows for redemption of physical silver against KAG tokens.

Business Model

The business model involves the tokenization of physical silver, with revenue generated through transaction fees and the Kinesis Velocity Returns program. The platform maintains full reserves of physical silver, with regular audits conducted by independent parties.

Real-World Adoption

Kinesis has established partnerships with precious metals dealers and financial institutions. The platform provides a Kinesis debit card that allows users to spend their KAG holdings. Trading volume and user adoption metrics indicate active usage of the platform for its intended purpose.

Development Activity

The platform shows consistent development activity with regular updates to its infrastructure and user interface. The team maintains transparency through regular audits and reports.

Token Distribution

KAG tokens are minted only when backed by physical silver deposits, maintaining a 1:1 ratio. There is no pre-mine or founder allocation, as tokens are created based on actual silver deposits.