Kinesis Gold And Siver Backed Crypto System And TicketSocket To Provide Tickets For Sporting Events

Kinesis Partners With TicketSocket To Provide Tickets To Sport Events

Kinesis, a digital currency that uses physical gold and silver as their basis has been getting into numerous partnerships to increase the participation on their platform and get regulatory support.

The vision for Kinesis is to deliver an evolutionary step beyond any monetary and banking system available today. This is achieved by basing the Kinesis currencies 1:1 on directly allocated physical gold and silver. Use is incentivized by attaching a unique multifaceted yield system. This promotes the use of Kinesis as a medium of exchange while distributing back the wealth generated according to proportionate KVT holdings and velocity.

The Kinesis Money team has developed a proprietary blockchain network forked off the Stellar blockchain for the Kinesis currency suite. The Kinesis Blockchain Network provides very high transaction speeds, coupled with customizable, percentage-based transaction fees, which has created optimal conditions for the Kinesis currency. This allows for the high velocity required in the Kinesis currencies, core to the Kinesis model.

Partnership With TicketSocket

Just last month the team at Kinesis announced a partnership with TicketSocket, a powerful and highly customizable white label ticketing, registration and event management platform.

This partnership will see Kinesis currencies integrated as a payment option within the TicketSocket platform. TicketSocket provides software to pro sports teams, tours and large venues around the world, meaning that individuals will now be able to buy tickets for world-leading events using Kinesis digital currencies.

Partnership With JFX

Jakarta Futures Exchange (JFX), the leading futures and derivatives exchange group in Indonesia, have announced an expanded Memorandum of Understanding (MOU) with Kinesis Money and Allocated Bullion Exchange (ABX). The partnership will seek to develop an Indonesian based and regulated blockchain exchange using Kinesis technology.

Together, Kinesis and ABX have developed an evolutionary monetary system using real assets (gold and silver) as the basis for digital currencies. These currencies are transacted on the Kinesis Blockchain Exchange, a fork of the Stellar Network which is able to handle more than 3000 transactions per second. The system is also integrated with mobile banking and fiat currency exchange services.

Kinesis Velocity Tokens

The Kinesis Velocity Token is an ERC20 utility token that receives a portion of the transaction fees from the Kinesis Monetary System. KVT holders receive a proportional 20% share of all transaction fees associated with all Kinesis currencies and a further incentive of 20% of all commissions from the Kinesis Commercial Centre (KCC).

The public sale of tokens began on September 10th and will continue till 18th March 2019.

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