What is minting?

  • Updated

Minting is the process of creating Kinesis gold and silver-backed currencies, KAU and KAG, by depositing fiat or existing bullion into the Kinesis Mint and then converting it to digitalised physical gold (KAU) or digitalised physical silver (KAG).

By digitalising physical bullion and registering them on the blockchain, Kinesis has created a system which allows users to send, spend and transact with precious metals just like any other currency.

The use of these currencies is incentivised with a fee-sharing yield model, which rewards users for their participation based on the overall growth of the system. Providing a return on an asset that has traditionally cost more to store than the return provided.