my.kinesis.money/signup?referrer=KM13454691 This is the story of the Minting Miner.
During his day to day operations, the miner digs up ore, which is then milled and processed to produce dore bars.
The dore bars are sent to a refiner to produce high purity 100g and kilo bars that meet the ABX specification.
(LBMA Approved Refiners, not been out of secure storage, meets Kinesis contract specs etc)
These bars are then shipped to the Kinesis Currency Exchange (KCX) for the miner's account.
Kinesis Gold Payment Currency (KAU) is then minted and emitted to the miner's eWallet on the Kinesis Blockchain Network.
From here, the miner is able to pay his employees in KAU.
He can also settle his bill with the refiner in KAU.
These payments will start to build a Minters yield entitlement.
Other suppliers still require payment in dollars, so he sells some of his minted KAU at the offer price on the Kinesis Blockchain Exchange (KBE).
He will then be entitled to a Minters yield on this sale.
The dollars now sit in his Kinesis Pay mobile wallet.
His fuel supplier has a Kinesis eWallet and a Kinesis Pay mobile wallet, but doesn't yet accept KAU payments. Because the fuel supplier has a Kinesis Pay mobile wallet, he is able to receive virtually instant dollar payments from the miner.
The power company requires a bank transfer.
The miner carries out a straightforward withdrawal to his bank account and pays the power company from there. The power company has to wait longer than the fuel supplier for receipt of his payment.
The miner has much lower costs to settle the canteen bill. The provider only takes card payments. The miner uses his Kinesis debit card to pay this bill. This transaction auto-converts the KAU in his Kinesis eWallet to dollars to carry out the payment.
Although this may have a higher transaction cost than selling for dollars on the KBE, the miner will still earn Minters yield on the amount of KAU that was spent to pay the canteen bill.
Once all bills have been settled, the miner has a reserve of minted KAU on his balance sheet.
The Minters yield entitlement doesn't require any funds to be tied up, but it seems like it should have a value. This has been shown as a long term Notional Value at 10x it's current yield.
While there are funds retained in KAU, they will also generate a Holders yield.
Both this and the Minters yield are paid monthly and provide extra income on the profit and loss account.
And there ends our short story of the Minting Miner.
To sum up:
This story was about a Gold Mining Company that Mints Kinesis Coins.
Whatever they subsequently spend, transfer to other's accounts or sell on KBE at the offer price builds up entitlement to the Minters Yield.
Any balance they retain in Kinesis Coins will attract a healthy Holders yield.
The Minters Yield doesn't require any balance of funds to be held, but you could think of it as having a notional value of say 10x the Minters yield entitlement that has been built up.
Thinking in this way, it would take about five years to build up a notional value, equivalent to the annual spend.
Although this story was about a Gold Mining Company, it could equally apply to any other type of business. Other businesses would be depositing USD into KCX in place of refined gold bars.
Providing an individual can meet the mininim Minting quantities, the same story can also apply to an individual.
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