SelfKey Review: This You NEED to Know
⛓️ 🔗 Helpful Links 🔗 ⛓️
► Website: https://selfkey.org/
► Whitepaper: https://selfkey.org/wp-content/upload...
► GitHub: https://github.com/SelfKeyFoundation
► Roadmap: https://selfkey.org/roadmap/
📝 Project Overview 📝
SelfKey is developing a Self-Sovereign Identification System (SSID).
A blockchain based and decentralized solution with all identity information remaining fully in control of the individual to whom it belongs.
⚙️ Technology ⚙️
The first essential component to this is the Selfkey wallet. This is where you will be able to store and manage your digital identity.
It is currently available in Windows and OSX and it will store all user’s information securely on the device.
It will give users a seamless way to access all of the services that are available on the SelfKey marketplace.
The Marketplace allows the SelfKey users easy access to all the goods and services listed on it.
The final piece of the technology is the SelfKey ID. This is a universal ID that is stored in the Wallet and which allows you to verify your identity with those services that require it – so a digital “master key” if you will.
💰️ Token 💰
The utility token behind the SelfKey ecosystem is the ERC20 standard KEY token.
Companies that will be providing their services on the Selfkey ecosystem will be expected to lock a certain number of KEY tokens into a smart contract. Users and certifiers are also required to stake these tokens for various purposes.
👨💻️ Team, Partners & Development 👨💻️
The company behind the SelfKey network is called KYC Chain (which is based in Hong Kong).
There is a team of over 80 developers and counting. Most of these are engineers and developers. This team has been quite active in as can be seen by their numerous GitHub commits over the past 12 months.
📈 Trading & Wallets 📈
KEY is listed on a number of exchanges although the bulk of the volume appears to be taking place on the Binance exchange - could be an exchange risk.
There is decent liquidity on this exchange which means easy execution.
There are a number of wallets that you can use to store KEY. If you want to take part in the network then you can store it in the SelfKey proprietary wallet.
If you are just looking to Hodl then there are a number of third-party wallets that you can use.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.