Kinesis Silver

Kinesis Silver (KAG) is a token issued on the Ethereum network in which each unit represents one troy ounce of investment-grade silver bullion held in fully insured, audited vaults operated by Kinesis. It is designed for anyone who wants exposure to physical silver through a digital instrument that can be transferred, spent, or exchanged without physically moving metal. The project aims to address the friction of owning and transacting with physical precious metals by combining vault-held silver with the portability of a blockchain token.

KAG lives on the Ethereum blockchain, so it inherits Ethereum's consensus mechanism rather than operating one of its own — the stored block time of 0.0 minutes reflects that KAG itself does not produce blocks. When a user acquires KAG through the Kinesis platform, a corresponding ounce of silver is allocated to their account in a Kinesis vault, and the token can be transferred on-chain or redeemed for physical metal. Kinesis describes a monthly yield paid in KAG to holders, derived from transaction activity across the Kinesis platform rather than from a protocol-level fee mechanism embedded in the token contract itself.

The data provided to this site does not include a fee stream expressed in conventional protocol-revenue terms, so fee-based measures that this site calculates for other assets are not applicable here. According to the project description, yield distributed to KAG holders originates from platform-level transaction fees collected by Kinesis and is paid monthly in KAG, meaning the token itself is the unit of both the asset and the yield. The circulating supply stands at approximately 3,721,963 tokens against a market capitalisation of 253,848,048 USD, with 98.54 percent of tracked supply already in circulation and no stated maximum supply cap, leaving the total issuable amount open-ended as long as physical silver is deposited into Kinesis vaults.