Kinesis Silver (KAG)

About Kinesis Silver

Kinesis silver (KAG) is a silver-backed cryptocurrency launched by Kinesis, a global trading and digital asset utility platform. Each KAG token is backed by 1 ounce of investment-grade silver bullion stored in fully insured, audited vaults. The mission is to reintroduce physical silver backing to money, providing a stable store of value with the utility of fiat currency and the efficiency of cryptocurrency. KAG enables physical silver to be purchased, traded, spent, and sent globally. It is available as an ERC-20 token on Ethereum, issued by KMS Labs S.A., and as native Kinesis KAG on the Kinesis blockchain (a Stellar fork). Holders can earn a monthly passive yield from a share of transaction fee revenue and can spend KAG via the Kinesis Virtual Card. Redemption for physical silver is available.

Token standard

erc-20

• KAG holders earn a debt-free yield paid monthly in KAG, derived from a 15% share of Kinesis’ global transaction fee revenue.
• KAG can be instantly spent worldwide using the Kinesis Virtual Card, which converts holdings to local currency at the point of sale via Mastercard.
• Each KAG token is backed 1:1 by physical silver bullion stored in insured third-party vaults by ABX's vault partners.
• ERC-20 KAG is issued by KMS Labs S.A. in Panama, while native Kinesis KAG is issued by Kinesis Cayman on a Stellar fork.
• Redemption of ERC-20 KAG for native Kinesis KAG and physical silver is subject to KMS Labs' terms and compliance onboarding.

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