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

 

[Craigly]

Over promise... under deliver...

Let's hope not

 

[Lozion]

Over promise... under deliver...

Let's hope not

As always..
Caveat emptor.

 

[Lozion]

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

What relevant regulator is that? There isnt a single regulation authority that I am aware for securities.

 

[Lozion]

Just noticed this on the website:

"This website and any information materials within are not intended to be accessed by UK-based persons."

@Uchiki you are based in the UK I think? Can you clarify what this means?
txs.

 

[Uchiki]

It's been on there for some time.
Likely a standard disclaimer until all the i's are dotted and t's are crossed. Indications of the work in progress were given in Vaultside episode 3:

... UK program...
And the reason that I sort of mention it now is that as David sort of spoke of before with our work with regulation and different regulators around the world.
We're starting to make moves into the UK and to put ourselves in a position where the card program and the UK banking can roll out in a very compliant way.
We are working with the regulator and we're starting to push ahead with that agenda as well.

 

[Frieda]

I was busying myself with researching staking. Thinking of moving ETH purchased on Kinesis out to a staking service.
Shame about the virtual card. And as a user, high fees & no physical card won't fly for me.

Wondering about Kinesis/Stellar strategies.

Stellar | Stellar’s Vision for an Interoperable Future

Interoperability dates back to the evolution of money and the internet. Thus, it’s a term that can be used to mean a lot of different things. This article contextualizes Stellar’s definition of interoperability within the history of the term, finance, and the internet.

stellar.org

Maybe Kinesis should be on blockdag?

 

[Uchiki]

the virtual card. And as a user, high fees & no physical card won't fly for me.

If physical card is a showstopper for you, then revisit when physical becomes available:

The new issuer has the capacity to expand the availability of the card globally, including new key target regions, and introduce a physical card option.

The new virtual card drops the 1.95% fee associated with the old one.

There will still be the 0.22% liquidation fee for whichever asset you choose to spend.
However, you can receive a healthy net return on each spend (2% cashback paid in KAU for the first $2k spend/month) by choosing the paid plan, which will be available without charge during the first 6 months promotional period.

Details here:

Virtual Card Pre Reg

Pre-register for the Kinesis Virtual Card today to access low-fee spending on precious metals and 2% cashback in gold. T&Cs apply.

kinesis.money

 

[Tamill]

Be good to get an update on all the elements that Kinesis are working on.

 

[Cliff]

If physical card is a showstopper for you, then revisit when physical becomes available:



The new virtual card drops the 1.95% fee associated with the old one.

There will still be the 0.22% liquidation fee for whichever asset you choose to spend.
However, you can receive a healthy net return on each spend (2% cashback paid in KAU for the first $2k spend/month) by choosing the paid plan, which will be available without charge during the first 6 months promotional period.

Details here:

Virtual Card Pre Reg

Pre-register for the Kinesis Virtual Card today to access low-fee spending on precious metals and 2% cashback in gold. T&Cs apply.

kinesis.money

Thailand when ???
Thailand literally has gold shops everywhere, but no Kinesis. [ very gold oreintated population ]
Also has a large expat population, that could really utilize the Whole Kinesis system.
Would be an extremely good region for Kinesis to be operating in.
Also, huge tourist turnover. [ Tourists spend lots of money, turnover/ M V ]
Surely, circumstances in which Kinesis would operate well.
Would be nice, to be able to utilize the Kinesis sytem fully.
One day, da da da.
I do understand, that Kinesis is up against some very powerful opposition globally.
Certainly looking forward to the implementations that the last vaultside chat put forward and understand the headwinds currently being faced. [ the card pull, plus the grinding process of the regulators ]
Many members are asking for an update.
Would be be nice, but only if it does not compromise the ongoing implementations.
Thank you.

 

[Frieda]

If physical card is a showstopper for you, then revisit when physical becomes available:

If physical card is a showstopper for you, then revisit when physical becomes available:



The new virtual card drops the 1.95% fee associated with the old one.

There will still be the 0.22% liquidation fee for whichever asset you choose to spend.
However, you can receive a healthy net return on each spend (2% cashback paid in KAU for the first $2k spend/month) by choosing the paid plan, which will be available without charge during the first 6 months promotional period.

Details here:

Virtual Card Pre Reg

Pre-register for the Kinesis Virtual Card today to access low-fee spending on precious metals and 2% cashback in gold. T&Cs apply.

kinesis.money

The new virtual card drops the 1.95% fee associated with the old one.

There will still be the 0.22% liquidation fee for whichever asset you choose to spend.
However, you can receive a healthy net return on each spend (2% cashback paid in KAU for the first $2k spend/month) by choosing the paid plan, which will be available without charge during the first 6 months promotional period.

Details here:

Virtual Card Pre Reg

Pre-register for the Kinesis Virtual Card today to access low-fee spending on precious metals and 2% cashback in gold. T&Cs apply.

kinesis.money

Ok. I've registered for the v-card.

I tried the Metalback a while back, but zero indication that a mb transaction happened. Perhaps I'm still waiting for the delivery of the purchase items. Unsure. I expected the system to show the purchase(s) on the mb page.

 

[Uchiki]

I tried the Metalback a while back, but zero indication that a mb transaction happened. Perhaps I'm still waiting for the delivery of the purchase items. Unsure. I expected the system to show the purchase(s) on the mb page.

Suggestions have been made about incorporating pending Metalback into the application. I guess it will partly depend on third parties.

As is, there should be an email confirmation of your purchase like this, however some have reported not receiving it. This was also the case for me.

Kinesis has launched the Metalback program

Kinesis has launched the Metalback program Kinesis Metalback program provides users with the unique opportunity to earn up to 10% Metalback – paid in physical gold – on everyday purchases from over 6,000 leading retailers worldwide. Through the Metalback hub on the Kinesis platform, users can...

forum.kinesis.money

This was my experience:

Kinesis has launched the Metalback program

Kinesis has launched the Metalback program Kinesis Metalback program provides users with the unique opportunity to earn up to 10% Metalback – paid in physical gold – on everyday purchases from over 6,000 leading retailers worldwide. Through the Metalback hub on the Kinesis platform, users can...

forum.kinesis.money

 

[Frieda]

If physical card is a showstopper for you, then revisit when physical becomes available:



The new virtual card drops the 1.95% fee associated with the old one.

There will still be the 0.22% liquidation fee for whichever asset you choose to spend.
However, you can receive a healthy net return on each spend (2% cashback paid in KAU for the first $2k spend/month) by choosing the paid plan, which will be available without charge during the first 6 months promotional period.

Details here:

Virtual Card Pre Reg

Pre-register for the Kinesis Virtual Card today to access low-fee spending on precious metals and 2% cashback in gold. T&Cs apply.

kinesis.money

Ok thanks Uchiki. I've got a few issues around MB;
Canadian. So not a Country with MB.
So ended up buying from Aliexpress, via French link as a test.
Not using app. Only via PC web browser. Browser is private window. Cookies are cleared once the browser is closed.
Cheers.

 

[Stephan]

I’ve never been as excited for a update as I am for the upcoming one. The Nu rollout is a major step towards increasing trading volume within the KMS, and the management must be anticipating a significant leap forward with the upcoming releases. Otherwise, they wouldn’t be enabling the trading of KVTs.

 

[Dante Roman]

I

I’ve never been as excited for a update as I am for the upcoming one. The Nu rollout is a major step towards increasing trading volume within the KMS, and the management must be anticipating a significant leap forward with the upcoming releases. Otherwise, they wouldn’t be enabling the trading of KVTs.

I see NU as bringing in more but not necessarily huge amounts of KAU, and no significant velocity. It's more of gold as an investment for people that have relatively little USD to invest on average. As a currency/legal tender and Kinesis Pro is where it's at from a Kinesis fee generating system imo

 

[AlM]

Together, fees from investment and trading fees from Pro balance well and mitigate extreme fluctuations in both.

Then add fees from the VDC & Metalback and there are more and always different revenue streams.

It almost sounds like a revolutionary monetary system, with each part enriching the others.

 

[Alexgeo]

It will also be used for banking and paying for bills. So velocity will happen by definition,

I see NU as bringing in more but not necessarily huge amounts of KAU, and no significant velocity. It's more of gold as an investment for people that have relatively little USD to invest on average. As a currency/legal tender and Kinesis Pro is where it's at from a Kinesis fee generating system imo

 

[Cliff]

I

I see NU as bringing in more but not necessarily huge amounts of KAU, and no significant velocity. It's more of gold as an investment for people that have relatively little USD to invest on average. As a currency/legal tender and Kinesis Pro is where it's at from a Kinesis fee generating system imo

Would be a large step forward for Kinesis Pro, if when established.
Also, to have a share trading desk. [complete with verified and unverified shares, verified having allocated share certificates numbers. Also have a facility to enable that, for longer term investment.]
This facility would attract some very serious investors and also further provide a service for Kinesis members to utilize.[ share traders will then have the option to park funds in kau kag crptos or fiat. ]
Surely making Kinesis pro an attractive venue.
I personally do not currently indulge in the share market, because of the lack of transparency [ share certificate numbers, ie; share brockers group pooling. ]
But would certainly utilize the Kinesis Pro share trading desk, if formulated correctly.
This would surely be another attractive option for potential Kinesis members, while giving Kinesis Pro more depth and potentially greater turnover/ M V.
Just a thought.

 

[AlM]

There have now been ten days of exchange volume never dropping below $1m equivalent, even at weekends, with crypto increasing greatly.

Hopefully these steadily higher bottoms will keep rising.

Kinesis Money Statistics: Markets, Trading Volume & Trust Score | CoinGecko

Get an overview of Kinesis Money including its fees, listed cryptocurrencies, and statistics. View charts of Kinesis Money's trading volume over the past 24 hours.

www.coingecko.com

 

[AlM]

 

[Nunner]