What is the purpose of the standalone wallet?

  • Updated

The purpose of the stand-alone wallet is predominantly aimed at users who are interested in interacting with the Kinesis system and its currencies without having to undergo KYC verification, thus maintaining complete anonymity.

What are the restrictions of using the stand-alone wallet?

The Kinesis Wallet can only hold KAU and KAG - not KVTs, or any other cryptocurrency.

Users can store their KAU, KAG, KVT and other cryptocurrencies on various external wallets that support ERC-20 tokens on the Ethereum network.

Additionally, users who store their Kinesis currencies in an unlinked standalone wallet are not eligible for any of the Kinesis yields in Kinesis' offering. To become eligible for yields, users must link their stand-alone wallet to their Kinesis account and complete KYC verification.