Kvt yield launch on April 30th

We are delighted to announce the upcoming launch of the KVT yield on 30th of April 2023.

The completion of the Kinesis yield system will see a retroactive payout of gold and silver to KVT holders, with a total value of $4.82 million, at the time of writing.

Those users who already store their KVTs in their Kinesis account or have previously linked the external wallets containing their KVTs will automatically receive their yields without further action.

In order to receive their yields, KVT holders who hold their KVTs outside of the platform must move their KVTs directly into their Kinesis account or, alternatively, link the address of all the external wallets holding their KVTs, with their Kinesis account.

Please note: You must complete one of the above actions prior to April 30th or you will lose all KVT yields earned, as Kinesis will be unable to verify the account to be credited.

 

[Tonel]

thank you Uchiki for your reply

 

[ZürichGnome]

Spelling it out again:

linux> units -t "4.82 million / 300 thousand"
16.066667
per KVT

linux> units -t "16 USD / XAG"
0.62695925
linux> units -t "16 USD / XAU (g/ozt)"
0.24696569

3/5 of a KAG per KVT
or
1/4 of a KAU per KVT

 

[Uchiki]

Just for clarity, KVT yields have been accrued in KAU and KAG and will be paid in KAU + KAG.

Currently per KVT:
77165/300000=0.2572 KAU
plus
15814/300000=0.0527 KAG

The $ amount is purely illustrative and can obviously vary up or down.

 

[AlM]

The price of existing KVTs has been increased and asset totals adjusted upward on the KMS.

Nice.

Another KVT @ $2k has been sold.

 

[Uchiki]

For those that need to link their external wallets, the help guides are now available and were notified by Kinesis via email.

 

[ctharvey]

In preparation for the Kinesis Velocity Token (KVT) Yield release on 30th of April 2023, we would like to remind all KVT holders that store their KVTs externally, about the important steps to ensure they receive their KVT Yield.

Remember, those users who already store their KVTs in their Kinesis account or have previously linked the external wallets containing their KVTs will automatically receive their yields without further action.

In order to receive their yields, KVT holders who hold their KVTs outside of the platform must move their KVTs directly into their Kinesis account or, alternatively, link the address of all the external wallets holding their KVTs, with their Kinesis account.

Please note: You must complete one of the above actions prior to April 30th or you will lose all KVT yields earned, as Kinesis will be unable to verify the account to be credited.

As the process is a lot simpler, we recommend all KVT holders move their KVTs into their associated Kinesis accounts.

See our guide for moving your KVTs here.

Depositing

Our helpful user guides will explain how to load your Kinesis account with Kinesis currencies, cryptocurrency or fiat.

kinesis.money

However, if you would prefer to keep your KVTs externally to Kinesis, you can link your wallet using the dedicated widget, as described in our comprehensive walkthrough for all major wallets: MetaMask, Trezor, Ledger and CoolWallet.

See our KVT wallet linking walkthrough here.

KVT Wallet Address Linking Guide | Kinesis Money

Follow our walkthrough to link your external KVT wallet address with your Kinesis account, to ensure the successful KVT Yield receipt.

kinesis.money

The completion of the Kinesis yield system will see a retroactive payout of gold and silver to KVT holders, with a total value of $4.86 million, at the time of writing. Following the yield launch, KVT holders will continue to receive a proportionate 20% share of every transaction fee across the Kinesis Monetary System - paid in gold and silver, each month.

 

[Tonel]

how to connect external wallet, don't know how to generate signature.

 

[Tonel]

ether wallet, metamask etc...

 

[Uchiki]

how to connect external wallet, don't know how to generate signature.

Follow the KVT Wallet Linking Address Guide linked in ctharvey's post just above yours.
It's a step by step detailed guide.

 

[Tonel]

Follow the KVT Wallet Linking Address Guide linked in ctharvey's post just above yours.
It's a step by step detailed guide.

Thanks, I'll try.

 

[Raj]

Thanks, I'll try.

Careful to pay attention on the last step coping the message signature, if it’s not exactly like the highlighted directions when you paste it you will be locked out and will have to contact Kinesis help.

I was locked out and when I contacted Kinesis help they asked for my Coolwallet address and entered it manually for me.

When I linked my wife’s KVTs as per the instructions I had no issues at all.

 

[Lozion]

April 30th is certain parts.. keep us updated

 

[lenny67]

April 30th is certain parts.. keep us updated

Nothing yet

 

[Paul Macklin]

maybe something's broken?

 

[Dante Roman]

Assume it will be paid in first week of May with all other yields

 

[SteveW]

maybe something's broken?

You posted this 1hr 8 minutes before the end of April 30th UTC. I will be surprised if the KVT yield is paid at a time other than the existing yields which I expect during the coming week

 

[Paul Macklin]

Ah. That makes sense. I misinterpreted the message to mean delivery of yield on 4/30. It did seem strange for a weekend.

 

[sixgun]

Ah. That makes sense. I misinterpreted the message to mean delivery of yield on 4/30. It did seem strange for a weekend.

Well i am not sure you did misinterpret things. This is what was broadcast.

"We are delighted to announce the upcoming launch of the KVT yield on 30th of April 2023."
How is a person supposed to interpret that? It sounds like the yield will be paid on that date. Yields on KVT's have been clocking up since the first transactions so that element didn't start on 30th April. All that could reasonably be expected to launch is the yield payment - or am I missing something? Did some other aspect actually launch and i missed it?

From the sounds of it Tom Coughlin didn't really want to launch the KVT yield payments until say later this year, when hopefully Indonesia has kicked off; when there are KVT yields to talk about. However due to let's call it 'public pressure' he brought this forward to a date which was the end of April. However on closer analysis the end of April, the 30th April was never going to be the launch of anything - it was a Sunday and the following day is the 1st May, which is May Day, a public holiday in many parts of the world.

I think they should have said that KVT yields will be paid out with the rest of the April 2023 yields - or whatever it is that actually is going to happen. But anyway, users seem pretty laid back about all of this and what is a few days between friends.

 

[Rhyno]

You could interpret that as all the aspects of payment of that yield will be including dates through 4/30; it could have been stated better. I just know from conversations that the big issue was connecting KVT wallets over the past month and that now the actual yield payments will happen monthly. So fully expect with the rest of yields

 

[goodgreen]

The KVT yield finally being paid is a big deal. It should have generated a lot of excitement. It's unfortunate that poor wording took some of the wind out of the sails. Glancing at the forum, there's several who are confused. It's an own-goal.

I've been around with Kinesis long enough that when I read the announcement and realized they had made it sound like the payment would be on April 30th, I immediately decided that would not actually happen. I can see why people less familiar with Kinesis' sometimes ambiguous communications would be confused though.