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KAU, is a Gold-Backed Digital Currency, To List on BitMart Exchange

BitMart, a premier global digital asset trading platform, will list gold-backed digital currency, KAU, on November 17, 2022. For all BitMart users, the KAU/USDT trading pair will be officially available for trading at 10:00 AM (UTC).

What is KAU?Kinesis gold (KAU) is a digital currency native to crypto utility platform, Kinesis Money. Each KAU is backed by one gram of gold bullion, with a minimum fineness of 9999, stored in fully insured and audited vaults, in your name. KAU lets the global community hold, spend, trade, send and earn physical gold, anywhere in the world.

Kinesis Money was founded by Allocated Bullion Exchange (ABX), a leading institutional exchange with over 10 years’ experience trading fully allocated precious metals globally. ABX is a public company with an outstanding reputation in the precious metals space. All precious metals within the Kinesis system are fully reserved (1:1), fully audited, fully redeemable, and securely held within the insured vaults of Kinesis’ parent company, Allocated Bullion Exchange (ABX).

Kinesis gold (KAU) is tradeable on BitMart alongside Kinesis silver (KAG) – a digital currency, launched by Kinesis Money, backed by 1 ounce of investment-grade silver bullion.

Why KAU?

Kinesis gold (KAU) has the everyday utility of a fiat currency; the borderless value and efficiency of a cryptocurrency, and none of the inherent volatility. A true stable coin, KAU allows crypto traders to easily exit volatile markets into the enduring value of physical gold, while earning a monthly yield.

 

  • Yields

In an economic first, KAU holders earn the first debt-free yield on precious metals. All KAU holders receive a passive yield – paid monthly in KAU – simply for holding their metals on the Kinesis platform. The yield is calculated from a 15% share of Kinesis’ global transaction fee revenue, with all yield pool calculations viewable on the platform.

  • Utility

Unlike other gold tokens, KAU can be instantly spent across the globe – with the Kinesis Virtual Card. Accessible via mobile device, the virtual card lets people everywhere instantly convert their KAU holdings at point of sale, anywhere MasterCard is accepted, with instant fiat conversion.

  • Institutional heritage

All gold bullion is managed by Kinesis’ founder, Allocated Bullion Exchange (ABX) – a leading global exchange with over 10 years’ experience managing and trading fully allocated precious metals.

  • Fully allocated ownership

All gold bullion underpinning KAU is fully allocated, held in your name, at all times. If you hold KAU, you own the underlying physical gold held in fully insured vaults, across the globe.

  • Redemption

All underlying bars meet ABX-approved good delivery standards and can be redeemed at any time. Users can take delivery of as little as 100g of their fine gold from localised redemption hubs across 6 continents.

  • Audited

All the investment-grade gold behind KAU undergoes independent audits by a leading commodity audit specialist, twice a year, confirming the stated quantity and quality (9999 fineness) of all gold bars across the global vaulting network.

  • Value

Through ABX’s global vaulting network, Kinesis is able to charge 0% storage fees and offer the lowest price – and tightest spreads – aggregated across all major trading hubs globally, including London, Zurich, New York, Toronto, Sydney and more.

Kinesis Virtual CardThe Kinesis Virtual Card lets users spend their gold, silver and crypto in real-time, anywhere in the world – converting their assets at the exact moment of transaction. Through partnerships with established payment institutions and approved partners, Kinesis is reintroducing gold as money to the global community.

Vision

To unrelentingly drive for positive global change by pushing the boundaries of what is achievable with money, economics and commerce for the unified advancement and betterment of all.

Mission

The mission behind KAU is to reintroduce physical gold currency and provide people across the world with a stable store of value. To develop a universally adopted asset backed monetary system that is disruptively efficient, secure and fair.

About BitMart

BitMart Exchange is a premier global digital assets trading platform with over 9 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 1000+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their Website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.

 

KAU for change

Kinesis Money has partnered with Indonesian state-run national postal service, PT Pos Indonesia, to introduce KAU as currency to the entire population of Indonesia. Alongside the partnership with PT Pos – the third-largest postal service in the world – Kinesis has partnered with the only two government-regulated exchanges in Indonesia: Jakarta Futures Exchange (JFX) and ICDX – to bring instant physical gold trading to the country via KAU.

 

To learn more about KAU, please visit Kinesis Money’s Website, follow them on Twitter, subscribe to their YouTube and join their Telegram.

 

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