The Kinesis Velocity Token (KVT) is an ERC20 token which is not based on gold and silver but is attached to the success of the Kinesis Monetary System.
There are only 300,000 KVTs that will ever exist.
What's so special about the KVT?
Owning KVT rewards the holder with a generous 20% proportionate share of all transaction fees generated by the Kinesis system - for life. We call this a KVT Yield.
What is an ERC20 token, and how does it work?
ERC20 is an official protocol for proposing improvements to the Ethereum (ETH) network and can be understood as a standard for tokens that are created on the Ethereum blockchain.
The ERC20 token standard makes it easier to exchange one ERC20 token for another and integrate various ERC20 tokens into platforms, like blockchain wallets and exchanges.