Join our free newsletter for daily crypto updates!PARAGRAPH. A gold-backed vacked is a that represents a value of gold; for example, one physical equivalent price in gold.
A large part of its supply is either set aside for ecosystem development or reserved for the team and subject to vesting. The custodian mentioned on the official site is TG Commodities Limited. Regular independent audits verify that every KAU and KAG within the Kinesis monetary system is based on an exact allocated quantity of gold. Historically, everyone wants precious metals, and so a coin linked to them is bound to retain its value. Cryptocurrencies may be affected by tax laws and restrictions by governments and other jurisdictions.
