Crypto Informer Profile picture
Mar 5, 2023 10 tweets 5 min read Read on X
Kinesis is a real innovator in crypto

Don't want the price of your shitcoin to collapse? No problem, make the market buy only!

Of course this only works if your shitcoin is traded on a single exchange you control

🤡🤣

#trueinnovation

$KVT

forum.kinesis.money/threads/kvt-fo…
Wait a sec

"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.

kinesis.money/resources/kine…
"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.”

Nobody really believes this, do they?

If Kinesis was swimming in cash, why would they let ABX drown in debt?

And why would they delay $KVT token buy-back and yield payments?

cryptoinformer.substack.com/p/meet-allocat…
This thread is dedicated to CrypticMystic who is having a conversation with himself (or herself) about how we're driving $KVT sales up

🤡🤡🤡

forum.kinesis.money/threads/wiring…

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More from @cryptoinformer0

Sep 8, 2023
@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.

@ParrotCapital Read the audits for yourself and note that Kinesis continues to misrepresent ABX "audits" as Kinesis audits



kinesis.money/audits
Read 6 tweets
Jun 13, 2023
Disninformation Derek is on a roll today

Kinesis' BS "blockchain" is fully centralized and fully operated and controlled by Kinesis. They change the code at will. Bitcoin it is not.

ABX is "audited" Kinesis is not.

forum.kinesis.money/threads/joe-br…

Image
ABX's "audit" doesn't even provide details on which vault stores which assets or the gross or fine weight of these assets.

Totally worthless "audit"

As of Jan 2023 (the last audit provided location detail) KInesis was shifting most holdings to Turkey.

Read 12 tweets
Mar 7, 2023
How can a "decentralized* blockchain" forget to pay out the yields?

*not really but Kinesis says so in the whitepaper (pages 3, 6, 23)

kinesis.money/resources/kine…

Is Kinesis the company really claiming they are not a "central authority" at the center of their "monetary system" and their "blockchain"?

🤣🤡

If they are not a "central authority" why do they have to take some action to ensure the yields are paid?

kinesis.money/resources/kine…
If Kinesis is not a "central authority", how can they "freeze accounts" and "freeze assets" in their "monetary system"?

Read 4 tweets
Mar 7, 2023
What's this?

Why are Kinesis Money users complaining that they haven't received their February yields yet?

There are blockchain transactions related to Feb 2023 yields on Mar 1 2023

explorer.kinesis.money/account/GCO75U…

How can the payout lag by a week or more?

forum.kinesis.money/threads/yields…
What happened to this?

"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."

securities.io/thomas-coughli…
The February fees look a little thin

1448 $KAU ($85,822) + 807 $KAG ($21,257 ) = $107,079

This is down over 98% from the peak

The peak was over $6 million, reached in April 2021

Does this look like a growing "monetary system"?
Read 4 tweets
Mar 7, 2023
No that would be another Kinesis promise broken

$KVT yields were to be paid by the end of 2021

They're now 16 months in default on that

And what about the $KVT buy-back program?

Any news on that?

forum.kinesis.money/threads/yields…

kinesis.money/resources/kine…
5% of revenue* to date is about about $1.2 million USD. Has Kinesis spent $1.2 million USD buying back $KVT?

They're still giving $KVT away in exchange for creating artificial volume on their exchange and even selling some in a one-way market *claimed

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

kinesis.money/resources/kine…
Read 6 tweets
Mar 6, 2023
Look at that, the Kinesis community found still more Kinesis Money audit oddities!

forum.kinesis.money/threads/my-not…

A 100 gram bar was recorded as 10.967 ounces (341.112 grams)

Page 4 👇

kinesis.money/wp-content/upl…
dsr7654 didn't realize that 1,000 ounces silver bars don't weigh exactly 1,000 ounces

However, he or she points out that they did weigh 1,000 ounce bars

Page 51 & 52

kinesis.money/wp-content/upl…
This begs the question, why were none of the 974 1,000 ounce silver bars stored in Liechtenstein weighed?

That audit report is missing the "weighment" section entirely

That vault stores more than 1/3 of the silver

Pages 55-57
kinesis.money/wp-content/upl…
Read 4 tweets

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