Kinesis GoldPrice

(KAU)

Kinesis Gold (KAU) is a crypto or Web3 project that offers a digital currency fully backed by physical gold. Each KAU token represents one gram of investment-grade gold bullion. These physical gold reserves are securely stored in fully insured and independently audited vaults across multiple global locations. The core mission of Kinesis Gold is to reintroduce physical gold and silver as a functional currency within the global community, providing a stable store of value. It aims to combine the stability of physical gold with the efficiency and borderless nature of cryptocurrency, offering an asset without the inherent volatility often seen in other digital assets. KAU operates on a blockchain, specifically a fork of the Stellar blockchain, chosen for its fast transaction speeds and minimal fees. This technology enables the instant purchase, trading, sending, and spending of physical gold bullion anywhere in the world. Users can utilize KAU for various purposes, including as a store of value, a medium of exchange, and for portfolio diversification. A key utility feature of KAU is the Kinesis Virtual Card, which allows users to spend their gold holdings by converting them to local currency in real-time at locations worldwide that accept Mastercard. KAU tokens are minted when users deposit physical gold or purchase gold through the Kinesis platform, ensuring a 1:1 backing ratio from its inception. The underlying gold bullion is fully allocated and stored in the token owner's name, differing from unallocated gold products. The Kinesis system maintains a public audit trail and undergoes biannual independent audits to verify that all KAU tokens are fully backed. The platform works in partnership with the Allocated Bullion Exchange (ABX), which facilitates the vaulting of the physical gold and silver. A unique feature of the Kinesis system is its yield-sharing model. KAU holders can earn a passive yield, paid monthly in gold, simply by holding their assets on the Kinesis platform. This yield is derived from a share of Kinesis' global transaction fee revenue, which is redistributed to users, incentivizing the use of gold as a daily currency. There are generally no storage fees for KAU holdings. Holders can also request physical redemption of their gold, subject to minimum amounts and conditions. Learn more

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