Kinesis KVT Token Yield Report
Kinesis finally started paying out yields to KVT security token holders, with the first full month of yields received in early June 2023
Better late than never, right?
Nearly one and a half years late, Kiensis finally began paying out the yields on their KVT security tokens.
Unfortunately for KVT holders, the yield was just a bit less than the $711.75 per month Kinesis promoted to investors during their 2018 ICO.
KVT holders received a yield of $0.0688 per KVT for the month of May 2023.
Incredibly, Kinesis still claims that the current “price” of one KVT is $2,000, giving it an annualized yield of just $0.83, or 0.04%!
This is not the only bad news KVT investors have to contend with; investors are also unable to sell their KVT tokens despite a clear written commitment from Kinesis to make “free trading of KVTs” available to investors by the end of 2021.
Total fee revenue for “The Kinesis Monetary System” looks equally abysmal.
Hi, many thanks for this valuable report. Would you be aware of a way to be able to sell my KVTs on the market, currently not tradable on the Kinesis Monetary System until "further notice", which is a concern. Many thanks for your help
Boy, this party really died. There has been major Crypto news since June yet “Crypto Informer” went silent for 4 months for some reason. Any more ground breaking news or was this a targeted campaign on Kinesis via 95% of the articles were focused on those guys?