Table Of Contents
Requirements To Be eligible for The Minter’s Yield
The Minter’s Yield is a reward mechanism for creating & activating Kinesis currencies (KAU and KAG). To qualify for the yield, you need to meet specific eligibility requirements.
General Eligibility for Minter’s Yield Yield Eligibility
- KYC Compliance:
- Complete the Know Your Customer (KYC) process, including full identity verification.
- Good Account Standing:
- Ensure your account or any linked addresses are not suspended or blacklisted.
Specific Conditions for Minter’s Yield Yield Eligibility
In alignment with the Kinesis Monetary System’s objective of establishing gold and silver as transactional currencies, simply minting Kinesis currencies is insufficient to receive your Minter’s Yield Kinesis: the newly created currencies also need to be put into circulation. Kinesis offers three options for activating your minted KAU or KAG:
Sell
- Mint KAU or KAG.
- Transfer the minted currency to your KYC-verified Kinesis account.
- Sell the minted currency on the Kinesis Exchange.
Spend
- Mint KAU or KAG.
- Transfer the minted currency to your KYC-verified Kinesis account.
- Spend the currency using your Kinesis Card.
Transfer
- Mint KAU or KAG.
- Transfer the minted currency directly to another Kinesis account or wallet.
- The recipient’s account or wallet must meet the following criteria:
- KYC Verified: The wallet must be linked to a verified Kinesis account.
- Not Connected to You: The recipient must be an independent individual or entity (e.g., a friend, employee, or third party).
Each of these options assures that the newly created Kinesis currencies are actively used, keeping with the platform’s ecosystem aims and allowing for yield computation based on blockchain tracking.