Hey there, hope you've been enjoying the bull run!
Here's what the smart money is doing with their Bitcoin, Ethereum and other crypto profits: Taking them into gold and silver on the blockchain.
Why would you take profits into fiat, which is worth less every day thanks to inflation?
Using Kinesis, you can easily deposit crypto and exchange it into tokenized gold and silver. Even better, you'll then earn a monthly yield on this gold and silver simply for holding, trading or spending it with a card!
So, let's get into it.
What is Kinesis?
Kinesis is a desktop and mobile app, but it's also a lot more than that.
It is an entire monetary ecosystem, built around using gold and silver as money through the power of blockchain technology.
By giving users a free gold savings account and the ability to spend their gold (or silver) people can effectively opt out of banking and fiat currencies entirely!
This is a game-changer in times of high inflation and economic warfare such as sanctions.
Futhermore, most interactions within the platform are rewarded with yields.
What is a yield?
Rather than providing interest in the form of an APY, the Kinesis ecosystem collects and pools users' transaction fees and then redistributes more than half of this revenue in the form of yields. There are several different yields, but the three most relevant to talk about right now are:
- The holder's yield - this rewards you for simply holding gold and silver in Kinesis. You can hold other crypto in there too, it just won't earn a yield.
- The velocity yield - this rewards you for trading and spending gold, silver or crypto via the card.
- The referrer's yield - this empowers you to share an ounce of silver with anyone that signs up using your link, and also you'll receive a share (7.5%) of their transaction fees for life!
Each of these yields are paid out in gold and silver automatically each month, with no minimum withdrawals.
Why tokenized gold and silver?
Gold and silver have always been valuable, used and money and precious commodities with industrial uses, but there are a few problems that needed to be overcome:
- Storing gold and silver required your own vault or insurance - or taking risks storing in your own home
- Sending gold and silver was expensive because it is heavy
- Bartering with gold and silver could be hard as they are not easily divisible if you're holding a kilogram bar
- Stores and merchants may not be particularly liquid or offer the desired market pricing
By putting gold and silver on-chain, Kinesis have overcome all these problems, and turned gold and silver into yield-bearing assets, creating and distributing further value!
Both metals are currently enjoying bull runs that have just started - you're still early.
Why should I sign up?
If you sign up using my link, we can share an ounce of silver! Right now, that's worth about $15.
Think about it and let me know!
Cheers,
Schlixxxxxx
