"There are some community members that have been serving as market makers in the interim period (e.g.: @Forsytjr) He's generous and gives out discounts and I have bought from him too. Can recommend."
🤔😕 Are "community members" licensed to sell securities?
It's critical for Kinesis to keep the price of $KVT propped up because if it drops below $1,000 they have to use some of their rapidly declining revenue to support the price or else renege on yet another commitment.
"A minimum of 5% of total transaction fees goes towards buying back token"
How can that be true if there is no market for $KVT holders to sell their tokens?
Why aren't $KVT holders angry about this?
Kinesis did renege on their commitment to start paying $KVT yields by the end of 2021
The $KVT has fallen a tad bit short on Kinesis' yield projections
For the first four years $KVT has yielded less than $20 per token, none of which has been paid yet.
That's less than 2% ROI for 4 years.
Even though the yields on a per token basis are abysmal, the total owed to all $KVT holders is almost $5 million USD
Anybody else wonder if the reason they haven't paid yields is because they don't have the money?
16:43: “In 2018 we opened our ITO and sold approximately 197,000 tokens with a par value of $197 million making it the tenth largest ICO in history at the time.”
@ParrotCapital After the fact that Kinesis had shifted more than 2/3 of their gold to Turkey and converted much of their LBMA holdings to non-LBMA Kinesis branded bars, they stopped reporting the distribution of their assets between vaults.
@ParrotCapital Stranger still, despite all the fanfare about Kinesis "big Indonesia project", none of their "audits" have ever indicated any gold stored in Indonesia and Indonesia specifically requires LBMA gold.
"Through Kinesis blockchain wallet technology, our users – whether an individual or organisation – can easily send digitised physical gold or silver anywhere in the world, with settlement times of just 3 seconds, 24/7."
If there was an open market for $KVT and the price dropped below 5% of "listing price" (whatever that is), Kinesis would be on the hook to spend 20% of revenue or almost $5 million USD to buy back $KVT