Kinesis Silver Price

About the coin

Kinesis silver (KAG) is a cryptocurrency backed by physical silver, specifically 1 ounce of investment-grade silver bullion per token. It was launched by Kinesis, a global trading and digital asset utility platform. The primary mission of KAG is to reintroduce the concept of physical silver backing to money, providing a stable store of value for the global community. KAG combines the everyday utility of fiat currency with the borderless efficiency of cryptocurrency, while avoiding the typical volatility associated with digital currencies.

Main features

KAG is unique in that it offers the first debt-free yield on precious metals. Holders of KAG receive a passive yield, paid monthly in KAG, simply for storing their metals on the Kinesis platform. This yield is derived from a 15% share of Kinesis' global transaction fee revenue, which is distributed to users who store their silver on the platform. Additionally, KAG can be instantly spent worldwide using the Kinesis Virtual Card, which allows users to convert their KAG holdings into local currency at any point of sale where Mastercard is accepted.

How it works

KAG enables the instant purchase, trade, spending, and sending of physical silver bullion globally, thus bringing real-world access and utility to precious metals. The platform allows crypto traders to exit volatile markets and enter the stable value of physical silver, while also earning a monthly yield. Redemption of the silver backing each KAG token is straightforward, with no high minimum withdrawal limits, making it feasible for everyday investors.