What is Kinesis Silver (KAG)?

It's a digital token backed 1:1 by one ounce of real silver kept in a vault. It was made so you can hold, send, and spend silver digitally. It launched in November 2018 from Kinesis Money, alongside its gold token (KAU).

How much real silver is one token worth?

One KAG token equals one ounce of physical silver kept in a vault. When you add USD to mint tokens, that much real silver is bought and stored. The silver is checked by a third-party auditor twice a year.

Is it true that just holding it earns you something?

Yes, it's called Holder's Yield. Kinesis shares 15% of its global transaction-fee revenue with KAU and KAG holders every month, paid in silver. But it depends on trading volume and is not a guaranteed return.

How does the price move?

Because it's backed by physical silver, the price tracks the price of silver. Per CoinGecko, its all-time low was about $4.36 (Feb 2024) and its all-time high about $130 (Feb 2026). (This is information only, not investment advice.)

No.148

📒 Codex · backed 1:1 by real silver

Kinesis Silver KAG

The vault-keeper that guards one ounce of silver on its back and, just by standing still, sheds a little silver dust every month

🎭 The silver-armored vault-keeper, carries real silver on its back, stands watch without a fuss, and travels alongside its golden twin, KAU

💵 Stablecoin💸 Payment

ALTROOKIE CODEX

💬 “One token on my back, one real ounce of silver in the vault. Always the same trade. Tap once and you get the metal. And yes, I do leave a little silver dust behind every month. That part's free. ✨”

💬 TL;DR

One token equals one ounce of real silver sitting in an audited vault.
Hold it and Kinesis pays you a monthly cut of silver (Holder's Yield), 15% of its fee income, split among holders.
It launched in November 2018 next to a gold version, KAU.

📖 The Story

Silver feels solid in your hand, and that's the whole appeal. It's also heavy, awkward to ship across a border, and mostly useless once it's locked in a vault. Kinesis Silver is one answer to that problem: keep the real metal, but make it move like a message.

The character is a vault-keeper in silver armor, and it lives by one rule. Put money in, and it buys exactly one ounce of silver, stores it, and hands you a token. Want the metal back? Tap once and the token becomes real silver. Token count and vaulted silver always match. Twice a year an outside auditor walks in and confirms every ounce is actually there.

The friendly part is the silver dust. Kinesis takes 15% of the trading fees it earns across its system and pays it back to holders every month, in silver, just for holding. KAG didn't arrive alone, either. It launched in November 2018 beside a gold twin, KAU, both built by Thomas Coughlin on top of a bullion exchange he'd already been running since 2011. ✨

📊 Stats

🪙Real-asset backing 1 token = 1 ounce of vaulted silver

🔁Redeemability Tap to swap back for physical silver

🔍Transparency Third-party audit twice a year

🏛️Trust dependence Relies on one issuer (Kinesis)

🎢Volatility Tracks the silver price (range ~$4–$130)

🧩 How it works

It's wonderfully simple. You add money (USD), and right away one real ounce of silver is bought and locked in a vault, and one token is created. So a token isn't a number “conjured out of thin air”, it's a receipt for the silver in the vault. One tap, and you can turn it back into real silver anytime. The supply doesn't balloon endlessly; tokens only appear when silver comes in, and they disappear when silver goes out.

💵 You add money, 🥈 that much real silver is bought and vaulted, and 🪙 you get a KAG token (a silver receipt). Hand the token back, and you get real silver in return.

Under the hood it runs on a chain called the Kinesis Monetary System, which was built by forking Stellar, the network known for fast, cheap payments. So it isn't a coin you mine (no proof-of-work). There's also a separate wrapped version (ERC-20) that lives on Ethereum.

🌗 Light & Shadow

🌕 Light

The metal is real. Every token is one ounce of vaulted silver you can redeem with a tap
An outside auditor checks the reserves twice a year (Inspectorate · Bureau Veritas group), so the backing isn't just a promise
Holding pays you silver monthly (Holder's Yield), and a Kinesis Visa card lets you spend it at ordinary shops

🌑 Shadow

When silver drops, so does the token. Its price has swung from about $4.36 up to roughly $130
The whole thing leans on one company keeping the vaults full and the audits honest, so it isn't trustless the way Bitcoin is
It's smaller and less traded than the big coins, which can make buying or selling clunkier

🧬 Evolution Lineage

Kinesis Silver is the twin of KAU (gold), born on the same day. And the chain they both live on is a fork of Stellar (XLM), which makes Stellar their technical parent.

✨ Stellar (XLM) 🥇 Kinesis Gold (KAU) 🛡️ Kinesis Silver (KAG)

🧭 Meet other friends

₿ Bitcoin 💧 Ripple (XRP) ✨ Stellar (XLM)

See the whole codex →

❓ FAQ

What is Kinesis Silver (KAG)?: It's a digital token backed 1:1 by one ounce of real silver kept in a vault. It was made so you can hold, send, and spend silver digitally. It launched in November 2018 from Kinesis Money, alongside its gold token (KAU).
How much real silver is one token worth?: One KAG token equals one ounce of physical silver in a vault. When you add money to mint tokens, that much real silver is bought and stored, and the silver is checked by a third-party auditor twice a year.
Is it true that just holding it earns you something?: Yes, it's called Holder's Yield. Kinesis shares 15% of its global transaction-fee revenue with KAU and KAG holders every month, paid in silver. But it depends on trading volume and isn't a guaranteed return.
How does the price move?: Because it's backed by physical silver, the price tracks the price of silver. Per CoinGecko, its all-time low was about $4.36 (Feb 2024) and its all-time high about $130 (Feb 2026). (This is information only, not investment advice.)

⚠️ Not investment advice. All figures are for information only (MOCK · 2026-06-04).