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Kinesis Money digital currencies KAG and KAU

  • 01-10-2020 10:08am
    #1
    alexut
    Registered Users, Registered Users 2 Posts: 7 ✭


    Hi,

    I've recently started looking at Kinesis Money and it looks interesting. It uses real gold and silver assets as a basis for digital currencies. These currencies provide a 1:1 allocation of physical bullion.
    They also have an Kinesis Exchange, allowing participants to trade a variety of cryptocurrency and fiat currencies against KAU and KAG.

    Gold Payment Currency (KAU) - 1 fine gram gold contract and token
    Silver Payment Currency (KAG) - 1 oz silver contract and token

    Does anyone have any opinion about this project?

    Many thanks,
    Alex


Comments

  • #2
    makeorbrake
    Registered Users, Registered Users 2 Posts: 4,666 ✭✭✭makeorbrake


    alexut wrote: »
    Does anyone have any opinion about this project?
    I moved some funds onto their platform earlier in the year. However, I had not done my due diligence - and once on there, I realised that their spread was terrible. I liked the idea - and the project seems credible but they're going to have to do better if they're going to get users on there.


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