• About
  • Contact
  • Our Team
  • Privacy Policy
Newsletter
Crypto Recorder
Advertisement
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us
No Result
View All Result
Crypto Recorder
No Result
View All Result
Home News Altcoins

Selfkey (KEY): Investing in more than just a cryptocurrency

Charles Thuo by Charles Thuo
January 25, 2018
in Altcoins, News
1.2k
SHARES
Share on FacebookShare on Twitter

There is a new cryptocurrency in town, the Selfkey (KEY). It was released on 1st December 2017 and it is showing a lot of enthusiasm.

What is SelfKey (KEY)?

It is a blockchain based cryptocurrency that aims at enabling investors and businesses to enjoy the full potential of a cryptocurrency. It provides a platform for individuals to store and share information/documents besides investing.

Related articles

Cardano

Cardano (ADA) – 4 Dlab/Emurgo projects that instill faith in Cardano: The future is bright!

February 15, 2019
Tron

Stellar (XLM): Canadian Exchange, Coinsquare Acquires StellarX!

February 14, 2019

It uses encryption to secure data. The data is always stored in the user’s device rather than on the blockchain or external servers. The user is actually the only person who decides whom to share the information with.

To access the services of SelfKey network, you have to acquire the KEY token. “Key” is the token used in SelfKey cryptocurrency ecosystem to access, verify and authenticate the ID documents as well as purchase products.

Selfkey system uses an Identity Management Process known as Self-Sovereign (SSID) in protecting the users’ identity. The user is actually placed right at the centre of the whole system.

How does SSID work?

The SSID is a way of ensuring that the user’s ID documents are secure and free from any kind of data breaches not even the likes of Equifax types of data breaches.

In SSID systems, the users ID documents are stored in the user’s devices rather than external servers. This ensures that only the user has access to the ID documents. For anybody to access the ID documents, the owner has to give consent.

The key features of the Selfkey ecosystem

SelfKey (KEY) network comprises of the following features:

Identity wallet

This is where the users store their ID documents and attributes so as to later authenticate them with qualified certifiers before sharing the documents and attributes with trusted parties in the SelfKey Marketplace so as to intern access their products.

It allows users to manage their portfolio, as well as acquiring, storing and transferring Ethereum and ERC-20 Tokens.

SelfKey Marketplace

It is a place where users can access and compare the many products and services available via the network.

SelfKey ICO distribution

SelfKey token, the KEY, was launched on 1st Dec, 2017. Its total mined (total supply) tokens are 6,000,000,000 KEY.

The foundation had placed a hard sale cap of the Selfkey (KEY) Tokens at $21, 780, 00 while the soft sale cap was at $2,500,000.

The soft cap was surpassed since the pre-public sale hit $15,840,000 and there was also an additional 5,940,000 sold during the public sale.

At the time the “KEY” Token was introduced to the public, it was going at $0.015. But at the moment, a single token is going for $0.031145 USD which is a great improvement considering it is just about a month now since it was opened to the public. The market cap has also increased greatly to $55,522,416 USD with a circulating supply of 1,782,724,371 KEY.

SelfKey 2018 – 2019 roadmap

1st quarter 2018

  • Public SelfKey Token Sale on 14th January, 2018
  • Launch of the SelfKey Desktop app
  • Launch of the Exchanges Marketplaces

2nd quarter 2018

  • Integration with handpicked crypto product provider partners

3rd quarter 2018

  • Launch of SelfKey mobile app
  • Launch of SelfKey Corporate Identity Wallet desktop app
  • Setting up partnerships with governments and utility providers
  • Launch of Trusts, Companies, Foundations, Passport and Residencies verticals in SelfKey desktop app

4th quarter 2018

  • Rolling out of dedicated functionality for service providers

1st quarter 2019

  • Launch of precious metals vertical in the SelfKey apps

2nd quarter 2019

  • Launch of wallets and money transmission verticals in the SelfKey apps

3rd quarter 2019

  • Introduction of the SelfKey Reputation system

4th quarter 2019

  • Launch of POI proof of concept
Tags: cryptocurrencyKEY coinSelfkey (KEY)
Share1234TweetShare
Previous Post

Golem (GNT): One of the best coins to buy and HODL

Next Post

Crypterium (CRPT): Among the best crypto banks in the world

Related Posts

Cardano
Altcoins

Cardano (ADA) – 4 Dlab/Emurgo projects that instill faith in Cardano: The future is bright!

February 15, 2019
Tron
Altcoins

Stellar (XLM): Canadian Exchange, Coinsquare Acquires StellarX!

February 14, 2019
Zilliqa
Altcoins

Zilliqa (ZIL) after mainnet: What to expect going forward

February 14, 2019
Tron
Altcoins

Tron (TRX) going big in gaming as it makes entry into South Korea’s gaming market

February 13, 2019
zcash
Altcoins

Zcash (ZEC) Collaborates with KZen Networks, Which Will Support Multisig Transactions

February 13, 2019
Cardano
Altcoins

Cardano (ADA) – 2 factors that make Cardano stand out in the platform blockchain space

February 12, 2019

Comments 2

  1. Finance says:
    5 months ago

    Hi, I think your website might be having browser compatibility issues.
    When I look at your blog site in Safari, it looks
    fine but when opening in Internet Explorer, it
    has some overlapping. I just wanted to give you a quick heads up!
    Other then that, awesome blog!

  2. Admin says:
    5 months ago

    Thanks for info, we will look in to it right away If you can share some screen shots with us at mail@cryptorecorder.com we will be grateful.

Leave a Reply Cancel reply

Your email address will not be published.

No Result
View All Result





Latest News

  • Trending
  • Comments
  • Latest
Zilliqa

Zilliqa (ZIL) after mainnet: What to expect going forward

February 14, 2019
Tron

Stellar (XLM): Canadian Exchange, Coinsquare Acquires StellarX!

February 14, 2019
Cardano

Cardano (ADA) – 4 Dlab/Emurgo projects that instill faith in Cardano: The future is bright!

February 15, 2019
TRON

What Has TRON (TRX) Justin Sun Got for the Valentine’s Day!

February 11, 2019
IOTA

JP Morgan New Technology will push Ripple (XRP) to $3 Again

February 15, 2018
Tron

Tron (TRX) going big in gaming as it makes entry into South Korea’s gaming market

February 13, 2019
Cardano

Cardano (ADA) – 4 Dlab/Emurgo projects that instill faith in Cardano: The future is bright!

February 15, 2019
Tron

Stellar (XLM): Canadian Exchange, Coinsquare Acquires StellarX!

February 14, 2019
Zilliqa

Zilliqa (ZIL) after mainnet: What to expect going forward

February 14, 2019
Tron

Tron (TRX) going big in gaming as it makes entry into South Korea’s gaming market

February 13, 2019
zcash

Zcash (ZEC) Collaborates with KZen Networks, Which Will Support Multisig Transactions

February 13, 2019
Cardano

Cardano (ADA) – 2 factors that make Cardano stand out in the platform blockchain space

February 12, 2019



Crypto Recorder

CryptoRecorder.com is a Dedicated Cryptocurrency news website and writes a variety of educational articles related to smart crypto trading, bitcoin and altcoins. You will find a details article on almost every hot altcoin and unbiased analysis of coins.

Recent Posts

  • Cardano (ADA) – 4 Dlab/Emurgo projects that instill faith in Cardano: The future is bright!
  • Stellar (XLM): Canadian Exchange, Coinsquare Acquires StellarX!
  • Zilliqa (ZIL) after mainnet: What to expect going forward

Follow Us

Facebook Twitter Google+ RSS

Newsletter

© 2017 JNews – Premium WordPress news & magazine theme by Jegtheme.

  • About
  • Contact
  • Our Team
  • Privacy Policy
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us

© 2018 Copyright CryptoRecorder.