• Short guides to forum navigation, searching, posting, translation, alerts and notifications viewable by clicking here.
  • Türk dostlarımıza hoş geldiniz Giriş burada.
  • Scammers are running ads on Facebook and Instagram claiming a giveaway. DO NOT OPEN THESE LINKS AND LOG IN. See this thread: here

Kinesis Pro now live with USD1 soft launch

kinesis pro trading interface shown with selection of digital assets

Kinesis Pro delivers a professional exchange trading experience, providing users with the enhanced ability to trade and manage risk on their digital asset portfolio. Starting with 40+ established digital assets and advanced order types, there will be a perpetual expansion of products and tools to provide value to the active trader.

We are pleased to launch Kinesis Pro within the Kinesis platform on 100% Kinesis-owned and operated technology. Along with our new market-making platform, we are excited to be able to rapidly deploy new digital assets to our community, including both established and emerging products.

In concert with Pro, Kinesis also soft-launches our native USD stablecoin, USD1, for our community, with an official launch planned for next quarter.

USD1 is a digital currency pegged 1:1 to the US dollar, which will initially be serving as a base currency for the new crypto pairs on Kinesis Pro. For the soft launch, USD1 launches with 12 billion US Dollars ($12,00,000,000) worth of coins in circulation and an initial backing of an equivalent value of over 15 billion US Dollars ($15,000,000,000). Straight out of the gates from day one, USD1 ranks as the third-largest USD-pegged stablecoin in the industry by market capitalisation, and within the top 20 digital assets overall.

USD1 is initially offered on both the Stellar and the ERC-20 public blockchains providing users the combined benefits of both chains. Stellar, with its fast transaction speeds and low fees, and ERC-20, with its universal integrations.

Attestations​


In line with Kinesis’ commitment to transparency, monthly independent attestations will verify the backing of USD1. We have governance structures to maintain an over-capitalisation of the asset reserve to the value of the coins in circulation, offering an additional layer of protection.

For the USD1 soft launch, monthly independent attestations of the asset reserve backing USD1 will be conducted by a number of high level third-party law firms. Attestations from multiple, independent firms verify that the quantity of US Dollars backing the USD1 coins in circulation is exactly as stated. As with all native Kinesis digital assets, these independent reports are publicly available.

View the first attestation here.

While attestations verify the backing of USD1, our public blockchains maintain a live, immutable digital record of all USD1 coins in circulation. We encourage our users to compare the figure recorded in the attestations with the quantity of USD1 coins in circulation, across our two public blockchain explorers:

View USD1 Stellar here
View USD1 ERC-20 blockchain here

USD1 is the first off the ranks of the Currency One suite of fiat stablecoins, with 10+ new stablecoins – including GBP1, EUR1, AUD1, CAD1 and more – to launch in Q1 2025. For the official launch, the entire Kinesis stablecoin suite will feature an industry-first security measure, and advanced payment capabilities and an even further robust attestation process.

Kinesis Pro​


The Kinesis Pro offering opens up Kinesis to the global crypto trading community and the multi-trillion dollar crypto market. Kinesis uniquely enables traders to diversify with real-world assets and earn sustainable yields, without the staking or lock-ups typical in the crypto industry.

The new Kinesis Pro website introduces users to the enhanced features and functionality of the Pro exchange, along with its expansive ecosystem of digital assets.


Kinesis Pro replaces the Kinesis Exchange as the primary trading interface on the Kinesis platform, delivering professional-grade trading:
  • 29 new digital assets
  • 150+ trading pairs
  • Stop market orders
  • Stop limit orders
  • Instant trade execution
  • Native USD-pegged stablecoin: USD1
  • Pro trading interface
  • Improved liquidity
  • Mobile responsive

This crucial evolution and segmentation of the platform sees Kinesis Pro catering to traders, while less experienced users are encouraged to make limit or market orders through the simplified buy/sell widget on the dashboard.

New digital assets​


The 29 new digital assets added to the Kinesis platform bring the total pairs available on the platform to 150+. New digital assets will continue to be added to Pro, including via Initial Exchange Offerings (IEOs) making it a hub of activity and innovation.

New Kinesis Pro interface​


The Kinesis Pro exchange interface delivers an intuitive and efficient trading experience, enabling Kinesis users to manage an advanced trading workflow, while accessing critical market information:
  • Enhanced layout design
  • Optimised order book positioning
  • Advanced chart configuration
  • Streamlined navigation
  • Trading functionality upgrades
  • Comprehensive order management
  • Advanced market data display
  • Refined user experience
  • Enhanced trading pair navigation
  • Optimised buy/sell interface

It is important to note, that this is just the start of the Pro experience and the exchange will continue with major enhancements and feature additions in perpetuity. 2025 will see many new feature additions enriching the user experience.


Alongside the transformative liquidity of USD1, the liquidity across all digital asset pairs will see a marked improvement on the Kinesis platform. Furthermore, our liquidity will increase throughout 2025.


The Kinesis Pro exchange will be available across a range of devices, including desktop, mobile and tablet, via the enhanced Kinesis web app. With work already underway, the Pro exchange is scheduled to launch on the Kinesis app in the new year.

USD1​


USD1 enables instant, low-cost global transactions. Kinesis offers a dependable asset for on-ramping and off-ramping funds into the Kinesis system, enabling seamless access to gold (KAU) and silver (KAG).
  • Transaction speed: Seamless global settlements through the Stellar and ERC-20 blockchains
  • Low-cost: Benefit from cost-effective cross-border payments, for less than a cent
  • Liquidity: Instant deep pools of liquidity available 24/7
Targeting institutional investors, USD1 introduces innovative on-ramping methods and supports fast, low-cost global payments. Users can trade USD1 against gold (KAU) and silver (KAG), further enhancing the ecosystem with substantial liquidity.


USD1’s high liquidity will amplify the recognition of the Kinesis brand across the industry. As the native USD-pegged stablecoin secures listings on additional exchanges, visibility of USD1 and Kinesis will grow, and so too will the on-ramping of capital into the Kinesis platform.

USD1 and Currency One official launch​


Scheduled for Q1 2025, all new stablecoins will be backed by an industry-first All-Risk Surety insurance wrap – making them, arguably, the most secure stablecoins on the market.

For public launch, the attestation process will be further reinforced. Monthly independent attestations of the asset reserve backing each stablecoin will be issued by a major third-party law firm. From there, a leading independent auditing specialist will reconcile the attestations with the quantity of each stablecoin in circulation on Kinesis blockchain explorers.

With 10+ major fiat-backed stablecoins live, users will be able to send and exchange multiple fiat-backed stablecoins at extremely competitive rates.

This is the first step in unveiling an expansive real-world asset project that we have been working on intensively for around 18 months with much more to be unveiled at the official launch in Q1 2025, positioning us to be a leader in the stablecoin and real-world asset space.

Starting with USD1, we now begin a gradual public unveiling of a strategic plan to aggressively expand in the stablecoin and real-world asset space. While always remaining true to our core Kinesis values and vision to sound money, you will now begin to witness a scaling up in our commercialisation efforts to all levels of society, as a tremendous amount of groundwork comes to the forefront over the next year.

Currency One stablecoin suite​


This upcoming Currency One stablecoin suite will enhance global accessibility, deepen liquidity, and provide users with seamless, cost-effective pathways to engage with precious metals and cryptocurrency markets across the globe.

By offering pairs between 10+ fiat-backed stablecoins, Kinesis will provide users with low-cost foreign exchange (FX) conversions between the world’s major currencies. The suite offers a near-instant, cost-effective solution for moving between fiat currencies within the Kinesis Monetary System. By minimising conversion fees and optimising exchange rates, Kinesis will position itself as a competitor in the global remittance space.

Moreover, stablecoins will be integrated within K-Pay, allowing payments alongside gold (KAU) and silver (KAG), positioning Kinesis Pay as a competitive merchant payment solution. This expansion allows both users and businesses to transact in fiat, alongside exploring gold and silver as alternative value-added currency options.
The launch of the Kinesis Pro exchange and USD1 represents a transformative step in the evolution of the Kinesis platform. By combining a wide selection of pairs, professional-grade trading features, and substantial liquidity, Kinesis equips users with a trading environment that meets the needs of pro traders.

Kinesis Pro exchange alongside USD1 stablecoin positions Kinesis for significant growth as crypto traders and institutional partners increasingly adopt the platform. The exchange and its native stablecoin are poised to drive substantial volume within the Kinesis ecosystem, resulting in higher yields for Kinesis users.


 
Lots of positive elements in this announcement.
Good to see the emphasis on best in class security for USD1 and the other stable coins to come.

A number of new crypto's available via USD1 pairs:

1734642108934.png

Some nice features in the new Kinesis Pro (Exchange) page.
 
I trade daily on Kinesis and was very curious about KinesisPro. But what is it? It's not really innovative, it's not nicely organized, you can't see the overall balance live, you can't see the profit/loss of the current trades and and and....
 
I trade daily on Kinesis and was very curious about KinesisPro. But what is it? It's not really innovative, it's not nicely organized, you can't see the overall balance live, you can't see the profit/loss of the current trades and and and....
Current profit/loss on trades indeed would be great!
 
Current UI is minimum viable product and will receive ongoing enhancements.

It is important to note, that this is just the start of the Pro experience and the exchange will continue with major enhancements and feature additions in perpetuity. 2025 will see many new feature additions enriching the user experience.


A key element is the soft launch of USD1.

For public launch, the attestation process will be further reinforced. Monthly independent attestations of the asset reserve backing each stablecoin will be issued by a major third-party law firm. From there, a leading independent auditing specialist will reconcile the attestations with the quantity of each stablecoin in circulation on Kinesis blockchain explorers.
and
Scheduled for Q1 2025, all new stablecoins will be backed by an industry-first All-Risk Surety insurance wrap
 
Grok's answer to what is a Surety insurance bond?

A surety insurance bond is a three-party agreement that guarantees the performance of obligations or duties by one party to another. Here's how it breaks down:

- **Principal**: The party that undertakes the obligation. This could be a contractor, a business, or any entity promising to perform a certain task or adhere to certain regulations.

- **Obligee**: The party who requires the assurance that the task will be performed or the obligation fulfilled. This is often a government agency, project owner, or any entity needing the guarantee of performance or compliance.

- **Surety**: Typically an insurance company, the surety provides the bond and ensures that the principal fulfills their obligations. If the principal fails, the surety steps in to either ensure the task is completed or compensate the obligee for the loss.

### Key Aspects of Surety Bonds:

- **Types of Bonds**:
- **Contract Bonds**: Ensure that construction projects are completed according to contract terms.
- **Commercial Bonds**: Cover obligations like licensing, permits, or court appearances.
- **Fidelity Bonds**: Protect against losses due to dishonest acts by employees.

- **Purpose**: They are used to mitigate risk, assure performance, and provide financial protection. For example, in construction, a performance bond ensures that the project gets completed even if the contractor defaults.

- **Cost**: Unlike insurance where premiums are payments for potential losses, surety bonds involve a fee (premium) based on the bond amount, the risk involved, and the creditworthiness of the principal. The principal pays this fee, not the obligee.

- **Claims**: If the principal fails to meet the obligation, the obligee can file a claim against the bond. The surety investigates the claim, and if valid, the surety will either pay out or arrange for the obligation to be fulfilled.

- **Indemnity**: The principal agrees to indemnify (reimburse) the surety for any losses or expenses incurred if a claim is paid out. This means the principal is ultimately responsible, not just the surety.

Surety bonds are essential in industries where trust and reliability are critical but where direct guarantees from the principal might not suffice. They ensure that obligations are met, reducing financial risk for the obligee and ensuring accountability for the principal.
 
How long before USD1 is available to trade on third party exchanges like Coinbase? Kinesis is still a PITA for US users needing to load money into their accounts.

As in the announcement, this is currently a soft launch, with public launch to follow:
This is the first step in unveiling an expansive real-world asset project that we have been working on intensively for around 18 months with much more to be unveiled at the official launch in Q1 2025, positioning us to be a leader in the stablecoin and real-world asset space.

I know that you were having some issues with the Coinbase route.
Might be worth giving Decaf a try:
Another concise explanation here:

Several people have reported that it works efficiently (including myself here
Being in the US, you wouldn't have the FX costs.
 

Translate

Back
Top