Indonesia

[SteveW]

Looking at the Mint there have been 25 KAU contracts and 93 KAG contracts using the 1-day view.

 

[Craigly]

What does that mean??

 

[SteveW]

What does that mean??

"Looking at the Mint there have been 25 KAU contracts and 93 KAG contracts using the 1-day view."

It likely means that 0.45% of the $ cost of those contracts was added to the MFP.

 

[sixgun]

What does that mean??

i think Steve meant that in the day he referred to, 25 lots of 100 KAU and 93 lots of 200 KAG were minted. These contribute to the yield pool (Master Fee Pool - MFP).
On the KAU and KAG price charts in the mint you can see volume bars at the bottom of the chart which show how many lots have been minted. There may be another way using https://explorer.kinesis.money, looking at the blockchain but i have used the charts to see if a lot of minting has gone on.

 

[Craigly]

Ok thanks. I didn't understand what a contract was..

 

[SteveW]

Ok thanks. I didn't understand what a contract was..

...and I didn't understand your question since I had no way to know that "contract" was the problem. Thanks to sixgun for a thorough explanation!

 

[Gary L]

 

[Gary L]

 

[dehsur]

Still no way to see the MFP on the Kinesis website?

 

[sixgun]

Still no way to see the MFP on the Kinesis website?

Why do you want to see the MFP on the Kinesis website?
It's on the KMS platform.

 

[Willbe]

Why do you want to see the MFP on the Kinesis website?
It's on the KMS platform.

Website I see no use for it. But for Kinesis users it would be also a nice addition to see the MFP and monthly yields in the app.

 

[Lozion]

Metalgo wasnt refered to by Eric in the last Vaultside, is that the JFX app he talked about?

 

[sixgun]

Metalgo wasnt refered to by Eric in the last Vaultside, is that the JFX app he talked about?

'Digital Physical Gold Transactions on MetalGO are carried out in the trading system on the Jakarta Futures Exchange (JFX)..'

 

[Gary L]

Metalgo wasnt refered to by Eric in the last Vaultside, is that the JFX app he talked about?

Additionally to Sixgun’s reply to you, here’s some copy and pastes from Bullion Ecosystem International’s website:

We created MetalGO as a bridge to connect Client trading activities with utility activities directly. We want to provide the experience of managing portfolios directly from the market which is very exciting and can provide good returns for clients.

Educating Clients on how to trade and how to manage financial portfolios in a correct and diligent manner will be MetalGO's primary goal for Clients.

The MetalGO mobile application has 4 features for the first development stage, namely an exchange ecosystem directly with the banking system, payment system, shopping system and utility system.

As part of the trading ecosystem, MetalGO has the ability to serve not only individual clients but also to serve institutional clients especially financial services companies.

MetalX is a trading and transaction platform that was constructed and developed for several trading instruments, including: Allocated Physical Gold, Stocks, Futures Contracts, ETFs, Crypto assets, CFDs, NFTs, Bonds and Mutual Funds.

The transaction scheme in MetalX implements a multilateral scheme, integrated with a separate custodian system for funds and assets directly under the ownership of each investor, real-time transaction access and direct global market access.

For physical gold transactions, it can be integrated with utility services and other types of financial services.

(Gary L) - My thoughts are that JFX traders will have a desktop app, customised to their commercial trading needs, rather than a mobile app more suited to retail customers.

 

[TomL]

I still have not figured out how these different apps and projects contribute to the MFP.

Anyone got a flowchart to explain this. At this stage I'm starting to feel like the more I learn about Kinesis the less I understand it

 

[sixgun]

All the apps and projects facilitate the transaction of KAU/KAG for different situations and purposes. All of these transactions are backed by the KMS and are subject to a 0.45% transaction fee. This transaction fee is taken in KAU/KAG at the time of transaction and added to the MFP to power the yields engine.

Well just now, putting a sale of ETH into the Exchange, the fee is taken in ETH.

 

[TomL]

All the apps and projects facilitate the transaction of KAU/KAG for different situations and purposes. All of these transactions are backed by the KMS and are subject to a 0.45% transaction fee. This transaction fee is taken in KAU/KAG at the time of transaction and added to the MFP to power the yields engine.

So all of these transactions will take place in the KMS and will be visible on the exchange?

 

[sixgun]

So all of these transactions will take place in the KMS and will be visible on the exchange?

As best i know, Kinesis is the 'backend' of these White Lab apps - desktop and mobile.
So if someone buys or sells KAU/KAG the deals are made through the Kinesis Exchange and as such they should appear in the daily turnover.

 

[TomL]

As best i know, Kinesis is the 'backend' of these White Lab apps - desktop and mobile.
So if someone buys or sells KAU/KAG the deals are made through the Kinesis Exchange and as such they should appear in the daily turnover.

Thank you. However, based on how you answered you dont seem certain about that. And either am I.

I would like one clear answer to all of this from the management or whoever to sort it out once and for all. I'm getting tired of the confusion

 

[sixgun]

i agree i am not 100% certain about this - there is a degree of presumption on my part.
This is the best i know but do i know somethings better? - i am certain i do.
A flow chart with boxes and arrows showing all the sources and percentages of yield revenune would be helpful and if verified by admin, put an end to anyone's doubts.