Kinesis SilverPrice

(KAG)

Kinesis Silver (KAG) is a silver-backed cryptocurrency launched by Kinesis, a global trading and digital asset utility platform. Each KAG token is directly backed by one ounce of investment-grade physical silver bullion. This physical silver is securely stored in Kinesis' fully insured and audited vaults. The primary objective behind KAG is to reintroduce physical silver as a form of currency and to offer a stable store of value to the global community. KAG aims to combine the everyday utility of a fiat currency with the borderless efficiency of a cryptocurrency, while avoiding the typical volatility associated with many digital assets. KAG enables physical silver bullion to be instantly purchased, traded, spent, and sent anywhere in the world. It functions as a stablecoin, providing a means for crypto traders to move out of more volatile markets and into the enduring value of physical silver. Holders of KAG can earn a monthly yield, which is paid in KAG, simply by storing their metals on the Kinesis platform. This yield is generated from a share of Kinesis' global transaction fee revenue. Additionally, KAG can be spent worldwide using the Kinesis Virtual Card, which allows for real-time conversion of holdings into local currency at the point of sale. Every ounce of silver that backs KAG is available for physical redemption. Kinesis Silver operates on a fork of the Stellar blockchain, ensuring efficient transactions. New KAG tokens are created through a "minting" process where users deposit physical silver or transfer allocated silver into the Kinesis system, maintaining a 1:1 ratio between tokens and physical silver. The underlying physical silver is subject to independent physical audits every six months to ensure transparency and backing. Kinesis itself was founded in 2018. Learn more

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