The Velocity yield is calculated monthly (using an end of day balance) from the total eligible trading and spending fees, for any given month, accumulated by all system participants.
The specific transaction fees that are included to build up that total are:
- All KAU and KAG Kinesis card spending transactions (0.22%),
- All buying and selling (trades) of KAU and KAG pairs at the Kinesis Exchange (0.22%),
- All buying and selling of KAU and KAG with BUY or SELL widget on the Kinesis Dashboard (0.22%).
10%** of all these fees are collected and distributed back to all eligible Kinesis users, a proportionate share of which is then paid to you as the Velocity yield. This includes newly minted KAU and KAG coins, activated by selling them on the Kinesis Exchange.
(10% of Master Fee Pool x User’s Transactional Velocity / Total Transactional KAU & KAG Volume for any given month.)
**5% between the 4th of April 2019 until the 31st of October 2021 midnight UTC and 10% from 1st November 2021 onwards.
Please note that all KAU and KAG sending activities (on-chain/ blockchain transactions) between accounts or in/out of the Kinesis Money system are not eligible for the Velocity yield.