"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.”
"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