Kinesis Gold Price

About the coin

Kinesis gold (KAU) is a cryptocurrency backed by physical gold, launched by the Kinesis platform. Each KAU token represents 1 gram of investment-grade gold bullion, securely stored in insured and audited vaults. The primary mission of KAU is to reintroduce gold backing to money, providing a stable store of value for the global community. It combines the everyday utility of fiat currency with the borderless efficiency of cryptocurrency, without the typical volatility.

Main features

KAU offers unique features such as enabling the instant purchase, trade, spending, and sending of physical gold bullion worldwide. It acts as a stablecoin, allowing crypto traders to exit volatile markets and enter the enduring value of physical gold while earning a monthly yield. KAU holders earn a passive yield, paid monthly in KAU, from a share of Kinesis' global transaction fee revenue. This yield is a debt-free return on precious metals, a first in the economic landscape.

How it works

KAU can be instantly spent using the Kinesis Virtual Card, which is accessible via mobile devices. This virtual card allows users to convert their KAU holdings into local currency at the point of sale, anywhere Mastercard is accepted. Kinesis has digitalized physical gold through KAU, reintroducing it as a currency. Additionally, every gram of gold backing KAU is available for redemption, with no high minimum withdrawal limits, unlike other gold-backed cryptocurrencies.