Kinesis Silver
KAG
$66.34
Current Price
-1.04%
24h Change
Info
KAG
Symbol
$243.43M
Fully Diluted Valuation
$246.93M
Market Cap
167
Market Rank
3.78M
Total Supply
$236.88K
Total Volume
$67.27
24h High
$64.11
24h Low
About Kinesis Silver
Kinesis Silver (KAG) is a cryptocurrency backed by physical silver, designed to merge the stability of precious metals with the efficiency of digital assets. Each KAG token is securely backed by one ounce of investment-grade silver, stored in Kinesis' insured vaults. The core mission of KAG is to restore silver's role as a monetary standard, offering a stable store of value with the transactional ease of a cryptocurrency. This dual nature allows users to seamlessly purchase, trade, and spend KAG globally, leveraging its utility akin to fiat currency without the typical volatility of the crypto market. The Kinesis platform introduces a unique yield mechanism where KAG holders earn a passive income simply by storing their silver. This yield is derived from a share of Kinesis' transaction fees, setting a precedent for debt-free earnings on precious metals. Moreover, KAG's integration with the Kinesis Virtual Card enables users to convert their holdings into local currencies instantly, wherever Mastercard is accepted. This capability effectively digitalizes silver, offering a practical and accessible solution for those seeking to stabilize their portfolios while maintaining liquidity.
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FAQ
Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.
Certain content is sourced from third parties not affiliated with Backpack. Backpack is not responsible for such content, nor is it liable for any errors, delays, or actions taken in reliance on it. Prices and data are for illustrative purposes only and may differ from actual market values. Digital assets involve significant risk and can fluctuate substantially. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, and consult your own professional advisors for legal, tax, or investment guidance.
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