Kinesis Silver

Kinesis Silver, ticker KAG, is a digital token issued on the Ethereum network where each token represents exactly one troy ounce of investment-grade physical silver bullion held in fully insured, audited vaults operated by Kinesis. It is designed for anyone who wants exposure to physical silver but also needs the instant transferability of a digital asset, allowing the metal to be traded, spent, or sent across borders without moving the underlying bars. The project frames itself as an answer to the volatility of conventional cryptocurrencies and the logistical friction of owning physical metal directly.

Each KAG token is minted when a user purchases physical silver through the Kinesis platform, and the corresponding ounce is allocated and stored in a vault, meaning the circulating supply of 3,673,740.45 tokens reflects that same quantity of silver in custody. The token itself lives on the Ethereum blockchain, which handles transfer and settlement, while Kinesis manages the custody, auditing, and yield distribution layer off-chain. There is no proof-of-work or proof-of-stake consensus specific to KAG; it inherits Ethereum's settlement infrastructure and records a block time of zero in the stored data, consistent with its nature as a token rather than a base-layer asset.

The stored data does not contain a fee revenue figure or a protocol fee stream for KAG, so fee-based measures that this site might calculate for other assets are not applicable here. Kinesis describes a yield mechanism paid monthly in KAG to holders, derived from transaction fees generated across the broader Kinesis ecosystem, but the specific fee rates and distribution figures are not present in the data provided. Because no fee metrics are stored, any ratio on this site that depends on protocol revenue would not be meaningful for this asset.