Important update to the Kinesis Minting Programme

Kinesis has introduced a daily limit of $1,000,000 minted per user per day, for the Kinesis Minting Programme (KMP), effective immediately.

The 0.02% gold (KAU) reward and minting cost reimbursement will only apply to the first $1,000,000 a user mints each day. Within these conditions, Kinesis will continue to reward users with gold on each mint cycle, with all minting costs covered.

We’re committed to ensuring the KMP reflects the principles of the Kinesis Monetary System and continues to benefit all participants.

 

[Troglodytes]

Ah only *now* do I get the screen above with the 'down for maintenance' message, but the Mint accepted the funds and I was able to log in.

Same for everybody. This message just appeared minutes before I posted that screenshot.

 

[AlM]

Great.

 

[Troglodytes]

Great.

It sucks, but the way I see it: we are also part of a stress test to make the system better. And despite these setbacks, we are rewarded handsomely for it.

 

[Petrus]

It is working again.

 

[Petrus]

 

[saha_wirdi]

Hi Everyone, the Kinesis Mint is back online. Please verify on your end and let us know if you’re still facing any issues.

 

[sixgun]

back in action.
@saha_wirdi

 

[Willbe]

Hi Everyone, the Kinesis Mint is back online. Please verify on your end and let us know if you’re still facing any issues.

Hi Saha, is it possible to get a clarification on the .02 basis point reward?

Has this been paid, because to me it seems it has not. If it has not yet been rewarded - any timeline when this is planned?

 

[GigaGold]

Hi Saha, is it possible to get a clarification on the .02 basis point reward?

Has this been paid, because to me it seems it has not. If it has not yet been rewarded - any timeline when this is planned?

Fairly sure I have not received the reward yet. I would have thought it would be a separate credit to the fees credit ?

 

[Willbe]

Fairly sure I have not received the reward yet. I would have thought it would be a separate credit to the fees credit ?

Likewise - I expected it with the monthly yield payment but did not see it.

Can imagine though that current they are flat out busy with all markets in turmoil - gold exploding and Trump hijacking USD1 name...

Still a clarification would be nice.

 

[Uchiki]

KMS Exchange not currently matching orders properly.
If you were planning to mint, I'd suggest holding off for now.