End of quarter update

Dear Kinesis community,

Ahead of the new quarter, we wish to take the opportunity to ensure that our valued community is abreast of our upcoming launch timeline.

As we move towards a technically superior KVT (which will also offer enhanced tokenomics), we will be working with the relevant regulator to bring this exciting upgrade to life. The regulatory pathway will, however, take us longer than expected to traverse. As such, we are hopeful to deliver the evolution before the holiday season.

Kinesis Pro is fully developed. Central to the value proposition of Kinesis Pro is the listing of a new Kinesis native token. This token will come into existence, largely as a result of a significant corporate confluence, which is nearing close. We look forward to sharing the details regarding these exciting developments in due course and before the end of Q4.

We are confident the Kinesis community will share in our enthusiasm, and we look forward to you all engaging with these key innovations of the Kinesis Monetary System.

Thank you,

The Kinesis team

 

[Lozion]

Bah..

 

[ROS]

 

[Sim]

It's coming soon since June 2023, I think we can wait a few months...

 

[TomL]

What does "native token" mean?

 

[sixgun]

What does "native token" mean?

I presume it means it is a Kinesis token - other than someone else's token.
So KAU / KAG / KVT are Kinesis tokens - BTC / ETH / LTC and the like are someone else's.

 

[TomL]

I presume it means it is a Kinesis token - other than someone else's token.
So KAU / KAG / KVT are Kinesis tokens - BTC / ETH / LTC and the like are someone else's.

Thank you. That makes sense

 

[Cliff]

Dear Kinesis community,

Ahead of the new quarter, we wish to take the opportunity to ensure that our valued community is abreast of our upcoming launch timeline.

As we move towards a technically superior KVT (which will also offer enhanced tokenomics), we will be working with the relevant regulator to bring this exciting upgrade to life. The regulatory pathway will, however, take us longer than expected to traverse. As such, we are hopeful to deliver the evolution before the holiday season.

Kinesis Pro is fully developed. Central to the value proposition of Kinesis Pro is the listing of a new Kinesis native token. This token will come into existence, largely as a result of a significant corporate confluence, which is nearing close. We look forward to sharing the details regarding these exciting developments in due course and before the end of Q4.

We are confident the Kinesis community will share in our enthusiasm, and we look forward to you all engaging with these key innovations of the Kinesis Monetary System.

Thank you,

The Kinesis team

Superior KVT, linked to tokenomics.
Does this mean one or more of these new tokens are linked to the KVT ?
Also, before the holiday season.
Does this mean the KVT trading launch date mAAAAAAAAAAAAAAAAAAy now happen before Christmas ?

 

[sixgun]

Superior KVT, linked to tokenomics.
Does this mean one or more of these new tokens are linked to the KVT ?
Also, before the holiday season.
Does this mean the KVT trading launch date mAAAAAAAAAAAAAAAAAAy now happen before Christmas ?

This is all my speculation.

I suspect 'Superior KVT, linked to tokenomics.' is jargon for the KVT will migrate onto the Stellar network and will be divisible. I presume the divisibility of the token runs into regulatory approval which is delaying the process.

Kinesis Pro is ready. The native Kinesis token is nearly ready. That they say 'Central to the value proposition of Kinesis Pro is the listing of a new Kinesis native token.' suggests to me that Kinesis Pro launch will be delayed until the native token is also ready.

However they then say 'We look forward to sharing the details regarding these exciting developments in due course and before the end of Q4.' Not sure if this is to give them breathing room up to the end of the year for all that is mentioned. Personally i expect Kinesis Pro next month but KVT's are going to be a good bit longer.

 

[Cliff]

I think the forum and KVT members, should adopt a theme song.
How about Rod Stewart ? [ Sailing ]
How does it go ?
We are waiting, we are waiting stormy waters across the sea.
Da da da, to be free.
Maybe we can all sing this to Tom and the crew at some future Kinesis convention.

 

[Schlepti]

Superior KVT, linked to tokenomics.
Does this mean one or more of these new tokens are linked to the KVT ?
Also, before the holiday season.
Does this mean the KVT trading launch date mAAAAAAAAAAAAAAAAAAy now happen before Christmas ?

Which Christmas?

 

[Uchiki]

Does this mean one or more of these new tokens are linked to the KVT ?

Not directly, but fees generated by trading of new tokens will contribute to KVT returns.

Central to the value proposition of Kinesis Pro is the listing of a new Kinesis native token. This token will come into existence, largely as a result of a significant corporate confluence, which is nearing close.

Even though it's still a bit cryptic (these are things that we can't just unveil and go, Okay, everyone, this is what we've been working on, because it's, it's a real high stakes game that we're playing.), here's some further background from Vaultside episode 4:
For me, gold is the most perfect currency, but we've developed something really innovative to capture asset price movements and to maintain purchasing power within a basket of asset prices.

It's highly unique. What we'll be introducing is beyond anything else out there in the market, and no one else can do it. I say that with confidence because different things that we've incorporated, there's patents and exclusivity and things like that in play that no one else can get access to.

...

Now earlier on, we've spoken about the introduction of new products and that sort of thing, which we've developed in partnership with other close partners of ours and they've had to be included.

So actually like the prerequisites, they changed. So we don't, we don't want to launch Kinesis Pro before we get these other products live. Now these other products, they're close because these other products are gonna be very much entwined within our ecosystem.

And for us to go out and launch this with basically products that would be competing with the other products that we launch, seems a bit counterintuitive to me. So basically the sequence of the launch has been such that we need to get these other products that we're working on actually live.

As we move towards a technically superior KVT (which will also offer enhanced tokenomics), we will be working with the relevant regulator to bring this exciting upgrade to life. The regulatory pathway will, however, take us longer than expected to traverse.

As @sixgun mentioned above, migration to Stellar, as mentioned in the Q2-Q3 quarterly update:

KVT migration to Stellar blockchain​

In preparation for making KVTs tradeable on the Kinesis Exchange, the Kinesis Velocity Token (KVT) will be upgraded to the Stellar blockchain – providing the speed, value, transferability and divisibility expected of a first-tier digital asset.

The native Kinesis asset will migrate from the Ethereum blockchain to the Stellar blockchain, a network known for its cost-efficient fees and near-instant settlement times. The migration is scheduled ahead of the rollout of KVT as a tradeable, divisible asset on the Kinesis Exchange, delivering on the plans laid out in the Kinesis blueprint.

This development is expected to attract investors from across the wider digital asset space and further amplify trade volume on the Kinesis Exchange while opening up KVT for listing on third-party exchanges.

We'll have to wait to see further detail on enhanced tokenomics, but as hinted at in the paragraph just above, the regulatory side is likely related to widening the scope of investors that can consider KVT.

 

[Gary L]

Very exciting for (for this) KVT holder. I’m thinking it (enhanced tokenomics) must be something that is quite a substantial addition to monthly yields, if it’s able to be supportive of current $2000 price.

 

[Cliff]

Not directly, but fees generated by trading of new tokens will contribute to KVT returns.


Even though it's still a bit cryptic (these are things that we can't just unveil and go, Okay, everyone, this is what we've been working on, because it's, it's a real high stakes game that we're playing.), here's some further background from Vaultside episode 4:
For me, gold is the most perfect currency, but we've developed something really innovative to capture asset price movements and to maintain purchasing power within a basket of asset prices.

It's highly unique. What we'll be introducing is beyond anything else out there in the market, and no one else can do it. I say that with confidence because different things that we've incorporated, there's patents and exclusivity and things like that in play that no one else can get access to.

...

Now earlier on, we've spoken about the introduction of new products and that sort of thing, which we've developed in partnership with other close partners of ours and they've had to be included.

So actually like the prerequisites, they changed. So we don't, we don't want to launch Kinesis Pro before we get these other products live. Now these other products, they're close because these other products are gonna be very much entwined within our ecosystem.

And for us to go out and launch this with basically products that would be competing with the other products that we launch, seems a bit counterintuitive to me. So basically the sequence of the launch has been such that we need to get these other products that we're working on actually live.



As @sixgun mentioned above, migration to Stellar, as mentioned in the Q2-Q3 quarterly update:

We'll have to wait to see further detail on enhanced tokenomics, but as hinted at in the paragraph just above, the regulatory side is likely related to widening the scope of investors that can consider KVT.

Appreciate the update Uchiki.
Interesting, I guess because of the complexity of intergrating all the other factors.
It is no longer a matter of being able to launch these individually, as they are all intwined.
Widening theownership of KVT's.
Does that mean people or entities outside of Kinesis will be able to purchase and trade KVT's ?
So ownership can moves outside individuals and also members only ? [ entities/ companies/ corporations/trusts etc ]

 

[Uchiki]

Does that mean people or entities outside of Kinesis will be able to purchase and trade KVT's ?
So ownership can moves outside individuals and also members only ?

I would think that initially, trading will be via the Kinesis Exchange, however, it looks like there is an intent to provide tradability on other exchanges ie non-KMS account holders able to buy/sell.
Migration to Stellar alongside regulatory clarity will facilitate this.

This development is expected to attract investors from across the wider digital asset space and further amplify trade volume on the Kinesis Exchange while opening up KVT for listing on third-party exchanges.

 

[CrypticMystic]

So a new KCT: Kinesis Chad Token.

It's good that they did say something about delaying the launch of new KVT too. Those are communication plus points!
Very good.

 

[sixgun]

So a new KCT: Kinesis Chad Token.

It's good that they did say something about delaying the launch of new KVT too. Those are communication plus points!
Very good.

They are reading the forum.
They are no doubt frustrated as well. Somehow some people seem to think Kinesis is doing this deliberately. It does not help Kinesis one bit to drag things out. The faster we get to escape velocity to the Moon the better it is for all of us.

 

[CrypticMystic]

I am getting excited for the next quarter.
I think we'll complete a couple of milestones and will be able to use the KMS properly.

At least in countries that already have SEPA deposits.

 

[Cliff]

I would think that initially, trading will be via the Kinesis Exchange, however, it looks like there is an intent to provide tradability on other exchanges ie non-KMS account holders able to buy/sell.
Migration to Stellar alongside regulatory clarity will facilitate this.

Very interesting Uchiki.
Having a limited group being able to trade KVT's, would certianly reduce the potential price velocity.
I can certianly understand the strategy of allowing the KVT's being able to be traded on multiple exchanges.
This would allow the KVT to reach its price potential, based on its own merits.
Which once this show really gets on the road, that potential is huge.

 

[Gary L]

As the Baseball great Yogi Berra said: “ it gets late early around here!”
I think we might be due for another quarterly soon.