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.

 

[SteveW]

Kinesis needs to get someone who can write English for these announcements. Someone who knows what "launch" means (it's an expression from the shipping industry for when the boat first hits the water).

"The launch of the KVT yield on 30th of April 2023" could have been phrased better although I am indeed delighted. Just a guy who likes to think words mean what they say. So I'm anticipating the launch in early May with the boat filled with the accumulated KAU/KAG through April 2023, if you are correct."

 

[sixgun]

Kinesis needs to get someone who can write English for these announcements. Someone who knows what "launch" means (it's an expression from the shipping industry for when the boat first hits the water).

"The launch of the KVT yield on 30th of April 2023" could have been phrased better although I am indeed delighted. Just a guy who likes to think words mean what they say. So I'm anticipating the launch in early May with the boat filled with the accumulated KAU/KAG through April 2023, if you are correct."

Kinesis uses fuzzy English.
When it was said that the KVT's would launch on 30th April what was meant to be conveyed was that he who holds the KVT in a KYC'd account on that date will be paid the accummulated yield up to that date.

Up to now when you acquired a KVT you acquired with it all the accummulated yield from the very beginning. After April a KVT when transferred will not carry with it any yield - well that is how i think it should be. Like if you hold KAU's in your account and then sell them, you are entitled to the Holders' yield up to the time of sale.

i haven't heard anything explicit about the way of dealing with KVT yields from hereon in but i expect it would be like that.

 

[miningstocks]

This was poorly communicated in my opinion.

From what I read I expected on April 30th to have the yield paid in my account.

Hopefully Kinesis will learn from this and continue to improve its communication to users.

Cheers,

MiningStocks

 

[joey1652]

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.

I have had KVTs on the KMS platform since 2021. I get that the yields will most likely be distributed with the rest of the April yields but it is indicating that I have 0 eligible KVTs. Anyone else seeing the same? Glitch?

 

[SteveW]

After April a KVT when transferred will not carry with it any yield - well that is how i think it should be. Like if you hold KAU's in your account and then sell them, you are entitled to the Holders' yield up to the time of sale.

According to Kinesis the KVT is transferred with the accumulated yield, mimicking an equity. So if transferred on May 25 it will have 25 days of yield transferred with the KVT. I think I know who wrote that boilerplate.

https://support.kinesis.money/hc/en-gb/articles/360020798997-How-are-KVT-yields-calculated-

 

[datsunking1]

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.

To be fair I completely understood this as an April 30th distribution as well.

Although it makes sense that it will be paid sometime this week or early next week with the rest of the yields.

 

[sixgun]

According to Kinesis the KVT is transferred with the accumulated yield, mimicking an equity. So if transferred on May 25 it will have 25 days of yield transferred with the KVT. I think I know who wrote that boilerplate.

https://support.kinesis.money/hc/en-gb/articles/360020798997-How-are-KVT-yields-calculated-

Well this is the other way and as such the selling price of KVT's should reflect this (but probably won't until the yields are significantly greater). It does make calculation easier. He who holds the KVT at month end gets all that month's yield.

 

[SteveW]

It does make calculation easier. He who holds the KVT at month's end gets all that month's yield.

Yes, and the people that bought KVT yesterday get that accumulated yield. There are no sales yet this month.

 

[Uchiki]

I have had KVTs on the KMS platform since 2021. I get that the yields will most likely be distributed with the rest of the April yields but it is indicating that I have 0 eligible KVTs. Anyone else seeing the same? Glitch?

If they are showing in your KVT balance on the Dashboard, then you should be fine.

I also see this on the Yields, KVT page for an account and have reported it.

 

[Craigly]

Like my old pappy would say, some of you folks would not be happy even if you were hung with a new rope.

I'm very excited to see the yields being paid.

Good job Kinesis team...

 

[Derek]

Like my old pappy would say, some of you folks would not be happy even if you were hung with a new rope.

 

[AlM]

Like my old pappy would say, some of you folks would not be happy even if you were hung with a new rope.

I'm very excited to see the yields being paid.

Good job Kinesis team...

I agree. I don't get it. I just confirmed what I'm seeing in case it's useful for IT.

If it's just the beginning of the process to include KVTs, with yields paid in a month or two, so what? They're being accrued anyway and considering everything else that's planned, I'd rather it's as smpoth as possible than raise support issues.

The other yields continue to be paid, so this is a variation on a theme.

 

[sixgun]

If the

If it's just the beginning of the process to include KVTs, with yields paid in a month or two, so what? They're being accrued anyway and considering everything else that's planned, I'd rather it's as smpoth as possible than raise support issues.

If it turned out it was 'yields paid in a month or two' this would be bordering on a disaster. Kinesis gave an actual date which has been defaulted on - investors have come to turns with the KVT yields being paid with the rest of the April yields - although this has not actually been confirmed - so if it then dragged out to be another month and then another month. Not good.

 

[Rhyno]

These guys are changing the tires while the car is in motion...they have had far more complicated yields to integrate. I think some integrations are happening regionally; noticed one account hat has a bar for Apr 30th and today.

 

[AlM]

It wouldn't look good and the point about 'after all this time' cuts both ways. If the payout is critical, then yes, but would anyone have promised a big expenditure based on the given date, or more likely have sold some KVTs off the exchange for certainty?

I suppose I expected, given the history, that it might be a bit delayed and that there may be teething troubles, but that it'll be right and regular pretty soon, as it isn't the first or even second yield.

For me, keeping the whole plane flying in this economy and regulatory regime, let alone even thinking about changing the engine at the same time, is much more important because we can only crash once.

 

[Troglodytes]

I can now see my KVTs listed in the yield tab. All seems to be in place for the yield payment now.

 

[Schlepti]

I can now see my KVTs listed in the yield tab. All seems to be in place for the yield payment now.

View attachment 3180

That's a nice, lengthy black box you've got there

 

[sixgun]

That's a nice, lengthy black box you've got there

Yeah i see mine too now.

 

[Troglodytes]

Yeah i see mine too now.

View attachment 3185

You missed one black box

 

[sixgun]

You missed one black box

yeah - the joke backfired on me.