seriesOne, an SEC-compliant crowdfunding portal, has announced that it has listed the Kinesis Velocity Token (KVT) offered by Kinesis Money on its deal platform seriesOne.com.
The Kinesis Velocity Token (KVT) is a token tied to the revenue generated from a gold- and silver-backed payments network operated by Kinesis Money. It gives holders an opportunity to take a proportionate share in 20% of the fees generated when Kinesis Money’s two gold and silver-based digital currencies are transferred between digital wallets or sold via the Kinesis Exchange.
Kinesis is looking to extend its token sale to the seriesOne’s platform, which provides issuers with access to a global pool of investor capital and investors with real ownership in the underlying assets.
“The partnership between Kinesis and seriesOne will enable Kinesis to achieve its goal in the shortest time possible. We see Kinesis as a new way to decouple how Gold and Silver have traditionally been exchanged and its intrinsic value extracted. Kinesis’ ambition is an excellent fit with our own: seriesOne’s mission is to drive innovation by providing access to capital to companies just like Kinesis, willing to be innovative and improve systems, services and technology.”
– Michael Mildenberger, Chief Executive Officer at seriesOne
Founded by the Allocated Bullion Exchange, the leading online institutional exchange for physical bullion, Kinesis is built from the extensive infrastructure for the trade, storage, and delivery of precious metals in multiple locations around the world. Kinesis Money offers two digital currencies based on the allocated ownership of gold (KAU currency) and silver (KAG currency). The Kinesis Velocity Token (KVT) is an exceptional, fully customer-oriented addition to these services.
“We are pleased to work with seriesOne for the sale of KVTs via their innovative FinTech platform. Their design to liberate corporate finance aligns well with the vision of Kinesis Money; one where money is fair and honest. Our KVT is an excellent example of how we translate this claim into action: a KVT rewards the holder with a generous 20% proportionate share of all transaction fees generated by the system, for life. Just imagine, every time someone purchases a coffee, or pays for travel, you are rewarded in gold and silver.”
– Thomas Coughlin, Chief Executive Officer at Kinesis