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RE: Kinesis – A new and unique Monetary System
Hi @oivas really informative and well explained article. Pleasant read :) Kinesis is a really interesting project, which may disrupt the economy of cryptocurrencies. Additional advantage is that the token is created on Stellar blockchain which is in my opinion better and opens up more possibilities than an Ethereum :)
If I understand correctly, Kinesis token will be completely independent from Bitcoin price fluctuations?
All the best
Hello @crypto.piotr,
Nice to have you here. Kinesis indeed is a good solution. In fact, their KVT tokens for encouraging yield is an ERC20 token while the KAG and KAU tokens are on Stellar Platform. Yes, of course, leveraging the advantage that a Stellar platform provides.
And to answer you, yes, the price of Kinesis will be independent of Bitcoin. That is the basis for the creation of the token. Independent of other cryptocurrencies to arrest volatility. So, the 1:1 asset backing.