Kenisis monetary system :the evolution of the gold standard

in #originalworks6 years ago (edited)

Introduction
Ngosi is a successful powerful, influential and super famous politician, and she is into several investment such as having shares in well established firm's and also owns a lot of high worth assets scattered around Nigeria added to that she also run's importation of human hairs from India to Nigeria thus making her net worth heavy .But there is a problem she is a senator representing her people and still in her country there are cases of alleged corruption by their officials and this also affects her as a senator and also considering her wealth.

But as on who struggle and made all her wealth through legit and genuine medium , find those threats embarrassing to contend with as such her personal assistant suggests that numerous ways she could resolve to in order to avoid this embarrament
To exchange atleast 90% of fiat currency to either cryptocurrency. Cryptocurrency would appear to be a good idea cus it's not controlled by the governing entity. They are naturally anti-inflationary and grant the user sole access to the funds and with the use of the blockchain technology makes it come top on the scale of preference but on second thought we can also see that cryptocurrency has it own problems such as...........

And this problems now makes it look more unstable than the fiat currencies and as well retarding the wild adoption of the crypto epayment system.
Another was a resolution to buy billions of gold and silver but also the problem of where to get an original deal at a conventional price and also somewhere secure to store the billions, and also the issue of liquidity, i.e her being able to covert the bullions back to usable cash all this made the poor senator s lost in a cross road .

On the course of this publication we will get to discuss on a solution to problems of this nature and to far more extreme problem >>>

A lot of other projects have emerged trying to solve the problems faxed in our economic society but it turns to different their approach from the financial system of the past (claiming full digitalization) such as the old gold standard of money when seeking for a good means of storage.
bringing to you is Kenisis
1536040083988.jpg

Kenisis is a platform which aims at creating an "internationally fungible monetary system " embracing and equally enhancing the bullion standard of money but with decentralized record, kept consistently and as we" values storage with respect to the monetary value of the current day Kenisis Plans to return to the public their trust in the crypto currency.
1535827016575.jpg
There is a saying postulated by Sir Thomas Gresham that "bad money drives away good money " humans have developed a life still where by the turn to value maybe a particular currency over the other, the turn to spend the once the value less and saves the once the value most so in such cases holders of various cryptocurrency for instance the have to consistently monitor the volatility on their crypto-assets so that they know when to make use of them.
1535827016575.jpg
Kenisis here embraces and equally rewards for the use of its currency thus stimulating the movement of capital by so doing encouraging economic activity.
The do this by giving money 1:1 allocated asset and then attracting a good yield system that encourages and fairly shares the wealth generated there off using the principal of capital velocity.

One most amazing and significant approach adopted by Kenisis is that it backed up it primary currencies with physical billions of gold and silver with Ratio of 1:1 this was and is still regarded top on the list as one of the most stable and definable stores of value which is also adopted for commercial and public transaction.

Kenisis is able to partner with the world leading electronic institutional exchange for allocated physical precious metals allocated bullion exchange ABX which has been in operation since 2013 and seven other pricing and vaulting hubs across the globe and inflate has recently partnered with Deutsche Borse Group entity, European commodity clearing (ECG) for clearing and setting service (http //https://www.abx.com/

Security:

Asset backed currencies major problems revolves about security history tells that there have been so many previous cases of fraud involving the use of precious metals and other assets as payment solutions so an investor must be very security conscious in who to do business with to avoid the risk of fraud and theft, Kenisis utilises a multi-layered third party audit and verification protocol of ABX's quality assurance framework.

ABX's is a global wholesale spot bullion exchange which has been in full operations since 2013 as earlier stated and has large physical brokes/dealers and trader around the globe entrusting it's system.

The physical handling clearing, safe keeping and delivery process is being intergrated into a Deutsche borse group regulated commodity clearity house European commodity clearing (ECG) ,the maintain approval and acceptance from German financial regulator from that, all bullion have a verification audit trail with multi-layered third party audit and verification in place and regularity audited and transportation holding system.

for reference and more information see >>>>

Kinesis.Money Website
Kinesis.Money WhitePaper
Kinesis.Money YouTube
Kinesis.Money Telegram
Kinesis.Money Linkedin
Kinesis.Money Github
Kinesis.Money Steemit
Kinesis.Money Bitcointalk
Kinesis.Money Medium
Kinesis.Money Twitter

This is my submission for @originalworks sponsored writing contest for participation click the link below https://steemit.com/crypto/@originalworks/980-steem-sponsored-writing-contest-kinesis

kinesis2018

Sort:  

This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
You can also follow @contestbot to be notified of future contests!