Kinesis is a cryptocurrency that presents a new digital gold currency and a monetary system where currencies are directly allocated 1:1 to physical gold and silver. It has two primary currencies KAU and KAG that are minted, traded, spent, and saved through a cryptocurrency exchange called Kinesis Currency Exchange.
Kinesis is founded by Thomas Coughlin, CEO of both Kinesis Limited and Allocated Bullion Exchange (ABX). He recently introduced the efficiency of Kinesis as a blockchain system for trading gold in the Middle East.The Kinesis Velocity Token or KVT went into public sale on 10 September 2018.
On April 2018, Kinesis formed a strategic partnership with MLG Blockchain. It is also teaming up with Jakarta Futures Exchange (JFX) to help develop a blockchain exchange in Indonesia. JFX has a long working history with ABX to expand Indonesia's gold investments. The Indonesian National Sharia Council has endorsed the venture.