What is SelfKey (KEY)?
SelfKey is an identity system built on an open platform consisting of several key components including: SelfKey Foundation, a non-profit foundation whose charter and governance enshrines the principles of self-sovereign
identity, a technology stack with a free and open source identity wallet for the identity owner and a marketplace with real products and services available at launch, a JSON-LD protocol, connection to 3rd party identity micro services which comply with KYC laws and regulations.
SelfKey makes identity transactions more secure, private and efficient while complying with the myriad of laws and regulations that exist today. However, SelfKey is also building a bridge to a better world – one with digitally signed verified identity claims, data minimization, proof of individuality, proper governance, and a user-centric identity system.
The KEY token
KEY will be critical to running the ecosystem as all products and services are available through some nominal payment in KEY, which will be used to power the ‘identity ecosystem’ through a variety of actions. For instance, SelfKEY can be used, to do things such as pay for request attestations; receive identity claims (and give value back to user); pay for marketplace listings; and generally, to exchange value, incentivize use and adoption and allow access as a token.
The SelfKey Pre-Public Sale was a success. Four days before the planned closing date of the sale they hit our Cap with $15,840,000 worth of KEY tokens sold. If you did not have the chance to participate, on January 14th, SelfKey will hold the Crowdsale. The event is scheduled to last two weeks, until January 31st.
An amount of $5,940,000 worth of KEY tokens will go on sale and the Token price is $0.015 and there is no bonus schedule. They have reduced the minimum individual purchase cap to $100 so that even small purchasers can participate.
Where to buy SelfKey (KEY) crypto coin?
KEY is available on many platforms.
“Our working assumption is that it is very difficult to develop a system which will be compliant with all data privacy laws in every jurisdiction. Therefore, the identity owner is in charge of where their data is stored, and all actions are driven by the identity owner.”
All purchases must be made sending ETH to the SelfKey smart contract address. ETH/USD conversion rate will be determined by the average market rate 24 hours prior to the Crowdsale start. Rate will be published in your KYC account as well as in the official site of SelfKey: selfkey.org
“We encourage you to participate in the SelfKey Crowdsale and join our mission to allow individuals all over the world to find more freedom, privacy and wealth.” (SelfKey Blog)
The Wallet (where the user will store and manage their ID attributes and claims) is available immediately and is open source, available on desktop for Mac, Linux and Windows. The SelfKey roadmap and immediate deliverables
call for this wallet to be available on mobile.
|Total Supply of Tokens||6,000,000,000 KEY|
|Token Sale Hard Cap||US$ 21,780,000|
|Token Sale Soft Cap||US$ 2,500,000|
|Pre-Public Sale Sold||US$ 15,840,000|
|Public Sale Dates||January 14th to January 31st|
|Public Sale Cap||US$ 5,940,000|
|Token Price||US$ 0.015|
|Maximum Purchase January 14th||US$3,000|
|Minimum Purchase||US$ 100|
|Maximum Purchase January 15th to 31st||US$18,000|
|ETH/USD Conversion Rate||TBD|
Predictions, reviews and price
SelfKey (KEY) has many positive opinions on forums. We can assume that the predictions are good, but we still need time to say – with absolute certainty. The most exciting thing about Selfkey’s underlying technology is that it’s decentralized. That means that instead of our data being stored on one huge centralized server that’s just waiting to be hacked, it would be spread across a huge network of connected computers that’s almost impossible for anyone to break into. This decentralization of SelfKey also means that no one has ownership of it!