BRISBANE, Australia--(BUSINESS WIRE)--Kinesis, a company presenting a new monetary system secured by precious metals and powered by blockchain, announced that it has formed a strategic partnership agreement with MLG Blockchain. Under the partnership, MLG Blockchain will provide initial token offering consulting services for their Kinesis Velocity Token (KVT) slated for July.
Kinesis offers a stable cryptocurrency with each Kinesis Currency secured by physical precious metals on a 1:1, fully-backed basis. Kinesis Currencies will be created, minted and emitted from a unique wholesale marketplace developed and managed by Allocated Bullion Exchange (ABX). Allocated Bullion Exchange is the premier electronic exchange for physical precious metals trading.
“Kinesis has seen tremendous growth in its community since its launch,” said Thomas Coughlin, CEO of Kinesis. “We are excited to have partnered with MLG Blockchain on our initial token offering, as their track record speaks for itself and they have been a fundamental help in identifying opportunities. We are looking forward to working more closely with them during our campaign.”
The upcoming Kinesis Velocity Token (KVT) Initial Token Offer (ITO) slated for July offers participants a one-time opportunity to:
- Receive a share in 20% of all aggregated transaction fees generated by the Kinesis currency suite;
- Receive a 20% share of commissions generated in the Kinesis Commercial Center;
- Benefit from anticipated significant capital gains on the KVTs themselves;
- Receive pre-ICO benefits on offers for the future Kinesis Currency suite.
“Kinesis has a leading business model that brings the security and stability of precious metals to the world of digital currencies,” said Michael Gord, CEO of MLG Blockchain. “This is a significant blockchain project, and we look forward to working with the Kinesis team on advancing their vision.”
Based in Isle of Man, Kinesis introduces a new monetary system which will offer a perpetual store of value through the use of precious metals as a backing to their cryptocurrency, as well as striving to provide the most efficient medium of exchange. The Kinesis Velocity Token (KVT) is already in a pre-sale referral program and is now open for enrolment.
Allocated Bullion Exchange (ABX):
Allocated Bullion Exchange (ABX) has modernised, globalised & integrated the precious metal markets by redefining the way physical bullion is traded. The ABX brings global trading, price discovery and clearing facilities into one standardised and secure online trading environment via their exchange trading platform, MetalDesk. ABX connects all major global liquidity centres and breaks down the barriers to entry to the global wholesale market for all market participants.
About MLG Blockchain Consulting:
MLG Blockchain is a global blockchain development and consulting firm headquartered in Toronto with a distributed team across North America, Europe and Asia that is focused on building next-generation applications using blockchain and smart contract technology. We speed up your team's understanding of the blockchain and its potential opportunities for your business.
Certain information included in this press release is forward-looking and is subject to important risks and uncertainties that could cause actual results to differ. These forward-looking statements represent our best judgment as of the date of each press release based in part on preliminary information and certain assumptions which management believes are reasonable. We disclaim any obligation to update these forward-looking statements.
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