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Temporarily suspending the trade of KVT on the Kinesis Exchange
#1
Well....is this a good or bad sign for Kinesis investors?

"At Kinesis, we strive to deliver value to our clients, and Kinesis Velocity Token (KVT) holders. The value of KVTs, as outlined in our blueprint, is derived from a fully operational product suite, designed to deliver yields based on transaction fees and velocity.

Velocity is key to the success of the Kinesis Monetary System, and we have taken the position to preserve the value of the KVT until we deliver our current product road-map, which will also be made public shortly. This includes the Kinesis debit card, additional currency pairs (including BTC pairs), mobile applications and merchant integrations, which are envisaged to be primary drivers of velocity.

Therefore, trading of the KVT on the Kinesis Exchange, has now been suspended, effective immediately, until these integral pieces of the Kinesis Monetary System have been released. Please note all open KVT orders will now be cancelled.

This is a temporary suspension of KVT trading on the exchange and we will re-list them once we have met the objectives above.

Deposit and withdrawal functionality for KVT in your KMS account will remain active, meaning you can still access your KVT holdings and store them in your KMS account if you wish.

This temporary suspension has been put in place to protect KVT holders and the value of the tokens. This is a commercial decision which has been made in an evolving landscape, to protect all participants, and to align our products for delivery of the Kinesis Monetary System.

We thank you for your ongoing support of the Kinesis Monetary System.

For regular progress updates tune in to our Live from the vault episodes, filmed every two weeks. These are designed to keep our community abreast of all initiatives, developments and product releases. 

Kind regards,

The Kinesis Team"
Cardano is the most promising 3 gen. crypto right now.


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#2
Huge alarms bells are ringing for me!

At best it looks like a lack of foresight, at worst they are covering up something.
This does not make it a bad investment of course but that there may be underlying problems
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#3
(2020-02-06, 03:32 PM)BobBobert Wrote: Huge alarms bells are ringing for me!

At best it looks like a lack of foresight, at worst they are covering up something.
This does not make it a bad investment of course but that there may be underlying problems

Me too Bob. This video called "Live from the vault" is not at all live from the vault but just come guys talking over Skype or similar.

It's posted January 29'th and has less than 1500 views. So at least we know ~ 1500 is probably investors or interested in the project. Could also be that only 10% of the viewers are investors or even less. Don't know and I don't think we can use the video to conclude other than the project is not having millions of investors.

I did not take the time to watch more than a few seconds since it's just one long ad.

Cardano is the most promising 3 gen. crypto right now.


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