Kinesis launches the Kinesis Minting Programme

Kinesis is launching the Kinesis Minting Programme (KMP), a rewarding new initiative enabling participants to continuously accumulate gold (KAU) as they mint cycle.

The programme enables long-term KVT holders and qualifying minters to earn 0.02% in gold (KAU) on each mint cycle, with all minting costs covered by Kinesis. Gold rewards and cost reimbursements will be paid into the minter’s Kinesis account on a weekly basis. Importantly, there are no maximum limits on the number of mint cycles or volume minted.

The Kinesis Minting Programme will launch at 00:00 (UTC) on Tuesday 4th March.

At the core of the KMP is mint cycling, the process where users mint gold (KAU), sell it on the Kinesis Pro exchange and repeat the cycle.

Building on the success of previous minting initiatives, the KMP is designed to stimulate repeated, high-volume engagement in the Kinesis platform. With each minter incentivised to cycle substantial volumes through the platform in a single day, the scale of transactional activity the KMP could generate becomes clear.

It is not just the minters of Kinesis who stand to benefit from the KMP. Kinesis has activated the KMP to catalyse the Kinesis yield engine. As minters capitalise on this unique opportunity, overall transaction volume is expected to rise, significantly boosting the yields across the platform. As is the Kinesis way, the impact of the KMP will be felt by every last user of the Kinesis Monetary System.by every last user of the Kinesis Monetary System.

Key Benefits of the Kinesis Minting Programme​

Participants earn 2 basis points (0.02%) gold (KAU) for every completed mint cycle, providing an additional reward on top of the existing benefits of minting.

Refunded Fees Breakdown:​

As part of the KMP, participants are reimbursed for the following fees:

• Mint trade execution fee: (0.45%): charged when minting gold (KAU).
• Minting/Exchange spread (0.23%): represents the difference between the Ask in the Kinesis Mint and Bid in the Kinesis Exchange.
• Trade execution fee (0.22%): applied when selling gold (KAU) for USD on the Kinesis Pro exchange.

In total, 90 basis points (0.90%) are reimbursed*.

Payout schedule​

Gold rewards and reimbursements are settled weekly.

Each week, gold (KAU) rewards and fee reimbursements will be accumulated from Monday at 00:00 (UTC) to the following Monday at 00:00 (UTC).

Gold reward and reimbursements will be paid out into the minter’s Kinesis account weekly, each Tuesday, going forward.

The first payout date will be Tuesday 11th March.

*In a flat market, where a mint cycle is conducted without market movement with sufficient market liquidity, the standard cost is 0.90%. As part of the KMP, participants will receive a refund of minting costs (0.90%) along with an additional 0.02% reward, resulting in a net benefit of approximately 2 basis points, less the $5 fixed withdrawal fee. Returns are calculated based on prevailing fees and spreads and are subject to market fluctuations.

Maximising Monthly Yields through Mint Cycling​

The more volume Kinesis users mint, the greater their share of the yields each month. Mint cycling is a powerful way for users to increase their share of the yield fee pool and their monthly yields:

• Minter’s Yield (5%): Each minting cycle generates more transaction volume, increasing a minter’s lifetime share of this yield.
• Velocity Yield (10%): Each time a user sells their minted gold or silver, they activate the Velocity Yield. Therefore, mint cycling allows participants to secure a greater share of the Velocity Yield, which rewards users based on the volume they generate, in relation to system-wide transactional volume.

With fewer participants in this initial phase, minters can secure a greater proportional share of the fee pools. Participants have the opportunity to secure a larger proportion of the Minter’s Yield and Velocity Yield distribution before the system scales to a wider user base.

How does the KMP benefit all Kinesis users?​

The KMP plays a key role in expanding the Kinesis Monetary System, increasing transactional activity and, as a result, yields.

The Holder’s Yield​

With high volumes expected, the Kinesis Minting Programme could have a significant impact on the Holder’s Yield.

Increased volume results in a larger share of fee revenue being distributed to those holding precious metals on the platform. The Holder’s Yield is shared out, based on the amount of a metal you hold, in relation to the overall market cap. As mint cycling encourages high-volume trading and fee generation, the KMP has the potential to enhance yields for everyone holding precious metals with Kinesis.

Joining the Kinesis Minting Programme​

In phase 1, the KMP is open solely to long-term KVT holders and highly engaged Kinesis users.

Kinesis has structured the KMP to recognise and reward KVT holders for their foundational role in the growth of the Kinesis Monetary System. In this way, KVT owners have the early opportunity to maximise the potential of the programme.

To reward long-term KVT holders the only requirement is:

1. KVT holders must have held 1 or more KVT for over a year.
2. For those Kinesis users who have not held 1 or more KVT for over year:
3. Kinesis users must meet one of the following eligibility requirements:

Please note: these eligibility requirements must be met after March 4th 2025. Activity on the Kinesis platform before this date will not grant you access to the Kinesis Minting Programme.

• Purchase 10 KVTs
• Sign up 10 individuals to the Kinesis ecosystem
• Onboard 3 businesses to utilise the Kinesis platform
• Trade $500,000 on the Kinesis Pro exchange
• Spend $10,000 in Metalback rewards
• Spend $10,000 using the Kinesis Virtual Card

These requirements ensure that participants actively contribute to the ecosystem, reinforcing the community-driven nature of Kinesis. By fulfilling one of these criteria, users can unlock the benefits of the minting programme and begin earning rewards.o

For a detailed guide, refer to the KMP White Paper

Programme Timeline & Future Phases​

Phase One: Early Access​

• Limited access for early adopters (KVT holders) and highly engaged users.
• Full cost refunds and gold rewards for participants
• Weekly reimbursements.

Phase 1 will run for a limited period.

We look forward to updating you on Phase 2, which will include access to the wider Kinesis Community.

How is the Kinesis Minting Programme made possible?​

From a commercial perspective, the KMP is a sustainable and profitable initiative for Kinesis due to the fully integrated nature of the system, strategic partnerships, and Kinesis’ vertical integration within the precious metals industry.

• Fee pool participation: Kinesis itself is a participant in the fee pool, receiving revenue from each fee taken.
• Market Stability: Kinesis acts as both market participant and facilitator, ensuring smooth asset flows and stable pricing.
• Industry-Leading Relationships: Strong partnerships with gold and financial sector leaders provide deep liquidity and competitive pricing.
• Ownership & Efficiency: Kinesis owns its entire technology stack, minting platform, refinery, mint, and a number of vaults, eliminating third-party reliance and reducing costs.
• Seamless Operations: Vertical integration ensures efficient, secure, and cost-effective transactions.

For Kinesis, the KMP creates a continuous cycle of engagement and rewards, driving user participation, liquidity, and market attention. The more activity within the system, the more participants and the ecosystem as a whole benefit, fostering organic growth and scalability.

Conclusion​

We encourage Kinesis users to access the benefits of the KMP.

The KMP is designed to drive value across the entire ecosystem by increasing transactional volume, enhancing system-wide yields, and reinforcing the platform’s long-term sustainability. Every minted asset contributes to greater liquidity and engagement, ensuring that all participants benefit from the system’s expansion.

The Kinesis Minting Programme upholds the core principles of the platform. Kinesis is, and always will be, the monetary system built to reward every single participant.

 

[TTwin]

To open the Mint platform, go to menu in top left hand corner and click on link for mint. It opens another tab without the need for logging in.
On the KMS asset bar, choose USD.
Go to withdraw, next, choose mint account on right (other option is personal bank account).
You can go back to the mint tab and get a live price including the 0.45% fee. 100 KAU at $92.98 will need about $9340 (including about $41 for 0.45% fee).
So it's probably good to send about mininum $9380 to cover the $5 fee and any sudden jump in price. I actually send $10K to be sure that I don't have to do another transfer.
A few seconds later, money shows up i. Mint account.
Buy at market is easiest and default. Limit option is available.
As soon as the buy order on the mint is executed, 100 KAU is in your KMS wallet.
Sell the KAU and repeat the process.

Thanks, but the only place I found Mint from KMS is to click on the 9 dot menu on upper right and then select Mint. There isn't anything on upper left, nor on list of icons on left for Mint.

In the Kinesis app, I cannot find a link to the Mint

 

[sixgun]

Thanks, but the only place I found Mint from KMS is to click on the 9 dot menu on upper right and then select Mint. There isn't anything on upper left, nor on list of icons on left for Mint.

In the Kinesis app, I cannot find a link to the Mint

Yes the upper right in the desktop app (KMS webpage).
You could also use the Mint url https://mint.abx.com/

 

[MrLombaard]

I've owned KVT for years but how do I know I qualify? Is there an indication anywhere of qualifying (like an email) or is just a case of cycle and wait for the refunds?

 

[MrLombaard]

From the White Paper. Is it even possible to withdraw USD1 to the mint?

 

[Uchiki]

Is it even possible to withdraw USD1 to the mint?

I think this will come - probably when the Currency1 suite has it's public launch. The doc may be a bit forward looking.

 

[Uchiki]

I've owned KVT for years but how do I know I qualify? Is there an indication anywhere of qualifying (like an email) or is just a case of cycle and wait for the refunds?

I understand that there are guidelines that meant that promotional emails confirming eligibility weren't sent in certain countries/regions.

That you don't have an email doesn't prevent you from participating. I think that the checks on meeting the eligibility criteria will be automatic, therefore provided you had your KVT in your KMS account or linked to it for the qualification period, your account should qualify for and receive the rebates.

If you want to be super cautious, you could do a single small cycle prior to the first payment date to ensure that you receive the rebate before becoming further engaged.

 

[jportal33]

For how long is this minting program valid for?
Do the 10 KVTs need to be purchased from Kinesis directly?

 

[Lozion]

Incentives to create synthetic velocity is a glaring symptom the platform isnt being used as intended. You need to fix on & off ramps instead of focusing on marketing gimmicks, imho..

 

[D Man]

Incentives to create synthetic velocity is a glaring symptom the platform isnt being used as intended. You need to fix on & off ramps instead of focusing on marketing gimmicks, imho..

I suspect this has begun in prep for these very things to arrive soon.

 

[ctharvey]

For how long is this minting program valid for?
Do the 10 KVTs need to be purchased from Kinesis directly?

The minting program currently does not have an end date.

 

[Gary L]

Volume on CoinCecko just over 16M for last 24Hours.

 

[Dante Roman]

With fees being refunded do KVT holders miss out on a cut of the minting programme fee pool?

 

[D Man]

With fees being refunded do KVT holders miss out on a cut of the minting programme fee pool?

No.
The fees are collected as normal and added to the Master Fee Pool, then the minters are reimbursed by Kinesis. KVT holders will continue to collect their portion of the fee pool.

 

[Dante Roman]

No.
The fees are collected as normal and added to the Master Fee Pool, then the minters are reimbursed by Kinesis. KVT holders will continue to collect their portion of the fee pool.

Thanks. Mint away then guys and girls

 

[jcriecke]

No.
The fees are collected as normal and added to the Master Fee Pool, then the minters are reimbursed by Kinesis. KVT holders will continue to collect their portion of the fee pool.

Kinesis subsidizing trades at significant expense in order to juice volume is bad, actually. Even if it’s a temporary stopgap it doesn’t speak well for the health of the system.

 

[Gary]

Many of the examples quoted in the Kinesis website flyer regarding the refunded fees breakdown (and the process described at clause 6 of the KMP terms & conditions) mentions only KAU minting.

The minting process at clause 3 in the T&C specifically states that both KAU and KAG are included in the KMP.

Are Kinesis able to confirm that both metals are included in the KMP and that fees for minting either will be refunded as part of stage 1?

 

[Gary L]

Kinesis subsidizing trades at significant expense in order to juice volume is bad, actually. Even if it’s a temporary stopgap it doesn’t speak well for the health of the system.

I half agree - the fact that it’s artificial juicing and it would be much better for organic volume from VDC, Indonesia, Pro and others.
However, if Kinesis has strategic money reserves (maybe in the form of gold, silver and USD), why not put it into motion and help “grease the wheels” for traders? None of us can know what Kinesis’ money reserves are, but I trust that this is a well conceived long term strategy rather than a desperate knee jerk reaction to external delays happening to things like VDC and Indonesia.
Plus Kinesis gets half of the fees back anyway, and the remaining portion goes back to the rest of the MFP pie (us). Only small amount goes out of the system to the bank.

 

[Schlepti]

It will be interesting to see how this volume develops. Will it last? We could be on track for the best month of yields ye.

 

[AlM]

I understand the point about juicing the volume, but this is a creative way to increase visibility overnight more widely and can attract existing customers to minting who haven't tried so far


I completed several mint cycles yesterday and will do many more for as long as this lasts.

Mouth, horse, gift, look...

 

[Gary L]

One other thing to note, is the versatility of the blockchain, being able to facilitate rebates of fees weekly, on top of the standard monthly yield payments. I doubt any other companies could do this.

I’ve listened to arguments about centralised data base computing systems being able to perform functions as well as, or better than, blockchain (so what’s the point of it??). In my opinion, this stance doesn’t consider how a company, like Kinesis, is utilising its bespoke Stellar forked networks. Kinesis’ ability to creatively use blockchain, stands up as an example of clear functional superiority and, therefore, an unassailable counter argument data base proponents.

We are witnessing some incredible technological uses of crypto technology for speed, efficiency, accuracy and value adding. It makes functions like the rebates, almost impossible to do with a legacy computer system, a reality we can witness. And there’s probably so much more coming.