SelfKey is a pioneering crypto project specializing in decentralized identity management, launched in 2018 on the Ethereum blockchain. Its mission is to give users full ownership and control over their digital identity and personal data through blockchain technology. By addressing global challenges in identity verification and compliance, SelfKey aims to simplify complex KYC/AML procedures for individuals, companies, and service providers. With a goal to build an open-source, secure, and privacy-preserving identity ecosystem, SelfKey empowers users while enabling seamless access to financial services worldwide.
Originating from the need for trusted and fast identity verification, SelfKey’s platform combines blockchain immutability with self-sovereignty principles. This reduces reliance on centralized intermediaries and provides cost- and time-effective solutions for cross-border identity services. The project continues to evolve with partnerships and upgrades to enhance decentralization and interoperability.
Official website: https://selfkey.org
Whitepaper (PDF): https://selfkey.org/whitepaper.pdf
SelfKey Features & Offerings
Decentralized Identity Wallet
SelfKey offers a secure cryptocurrency wallet that stores users’ digital identities and KEY tokens, enabling direct control and private data management with blockchain security.
Identity Marketplace
The SelfKey Marketplace enables access to a wide range of identity-related services including immigration, financial, and corporate services, all facilitated through blockchain-based KYC and compliance.
Self-Sovereign Identity Protocol
SelfKey’s protocol empowers users and developers to build applications with verified identity attributes, improving trust and reducing fraud risks in online transactions.
Why Choose SelfKey
SelfKey’s uniqueness lies in its decentralized approach to identity, focusing on privacy, user empowerment, and regulatory compliance through blockchain. Its strategic partnerships with financial institutions and service providers expand its utility globally. The token-based ecosystem incentivizes participation, while the project's open-source nature encourages developer innovation and integration.
Key advantages include faster KYC processes, reduced identity theft risks, and seamless cross-border identity verification, which positions SelfKey as a competitive solution in the crypto identity space.
Technology Specifications of SelfKey
Built on the Ethereum blockchain, SelfKey leverages smart contracts compliant with ERC-20 token standards to govern the KEY token. The platform utilizes cryptographic proofs for identity verification and integrates with decentralized storage solutions to ensure data privacy. SelfKey continuously upgrades its protocol to support scalability and interoperability with other blockchain networks.
| # | Specification | Details | Remarks |
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| 1 | Blockchain Protocol | Ethereum (ERC-20) | Secure, decentralized smart contract platform |
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| 2 | Token Name | KEY | Utility token for ecosystem participation |
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| 3 | Consensus Mechanism | Proof of Stake - Ethereum 2.0 | Energy-efficient and scalable |
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| 4 | Smart Contract Address | 0x4cc19356f2d37338b9802aa8e8fc58b0373296e7 | Official KEY token contract |
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Current Price Data and Market Analysis
As of June 2024, KEY token trades around $0.012 USD with a 24-hour volume of approximately $3 million. The circulating supply stands at 2.5 billion KEY tokens, part of a total capped supply of 3 billion. Market sentiment remains cautiously optimistic with consistent adoption in identity-related sectors. Analysts highlight the growing demand for decentralized identity solutions as a positive market tailwind for SelfKey's long-term prospects.
| # | Metric | Value | Remarks |
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| 1 | Current Price (USD) | $0.012 | Market rate as of June 2024 |
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| 2 | Market Cap | $30 Million | Based on circulating supply |
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| 3 | 24h Trading Volume | $3 Million | Across multiple exchanges |
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| 4 | Circulating Supply | 2.5 Billion KEY | Out of 3 Billion total supply |
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SelfKey Tokenomics
The KEY token is the backbone of the SelfKey ecosystem, used for accessing services, staking, governance, and incentivization. Token distribution includes allocations for the community, development teams, advisors, and partners to balance growth and decentralization.
- Community & Ecosystem: 60%
- Founders & Team: 15%
- Advisors & Partners: 10%
- Reserve & Treasury: 15%
Users pay transaction fees and service charges through KEY tokens, ensuring liquidity and network sustainability. The token design encourages long-term holding while fostering developer engagement.
Team Information of SelfKey
The SelfKey team comprises blockchain experts, software engineers, and legal advisors focused on identity and privacy technologies. Led by CEO Edmund Lowell, the team emphasizes transparency, community involvement, and continual protocol improvement. The advisors include renowned figures in crypto and identity management sectors.
- Edmund Lowell – CEO & Founder
- Panos Tsagaris – CTO
- Adam Stradling – COO
- Key Advisors: Industry experts in blockchain and compliance
Use Cases of SelfKey
SelfKey addresses multiple practical use cases across borders and industries:
- Individual Identity Management: Users store and control verified ID documents securely.
- KYC/AML for Financial Services: Simplifies compliance for banks and crypto exchanges.
- Immigration and Residency Applications: Streamlines government and legal processes.
- Access to Decentralized Finance (DeFi): Proof of identity without centralized intermediaries.
Exchange Listings
KEY token is listed on popular exchanges enabling smooth trading and liquidity for investors:
- Uniswap (Decentralized)
- KuCoin
- Gate.io
- Bitfinex
Storage Options
To maximize security, KEY tokens can be stored in:
- SelfKey Wallet (official, non-custodial)
- Hardware Wallets (Ledger, Trezor)
- Third-party Ethereum wallets (MetaMask)
Latest News
Recent developments include the release of SelfKey Marketplace upgrades facilitating wider service adoption and a strategic partnership with cross-border financial institutions. The team announced roadmap updates focusing on interoperability with Layer 2 scaling solutions and mobile wallet enhancements.
Educational Content
SelfKey offers comprehensive guides on crypto wallet setup, KEY token utility, decentralized identity benefits, and blockchain protocols via its website and tutorial videos. The community forums and developer resources support newcomers and professionals alike.
SelfKey Investor & User Reviews
Users praise SelfKey for its innovative identity management approach and strong privacy focus. Investors highlight the project’s token utility and real-world applications.
- Emma Johnson: "SelfKey's wallet is secure and user-friendly. A solid crypto identity project." (5 stars)
- Rajat Kumar: "KEY token has potential but liquidity can be improved." (4 stars)
- Sophia Martinez: "Great protocols for compliance in blockchain services." (5 stars)
- Michael Lee: "Good concept, needs wider partnerships." (3 stars)
- Lena Fischer: "Effective identity solutions with strong community support." (4 stars)
Average Rating: 4.2/5
Pros and Cons of SelfKey
Pros
- Decentralized, privacy-focused identity management
- Comprehensive marketplace for identity services
- Strong developer-friendly ecosystem and open-source code
- Active community and transparent team communication
Cons
- Token liquidity lower compared to major cryptocurrencies
- Adoption challenges due to identity regulations in different regions
- Competition from other decentralized identity projects
Tips for SelfKey Users & Investors
- Always use official SelfKey wallets and trusted exchanges.
- Stay updated with project news and roadmap announcements.
- Diversify holdings and perform due diligence before investment.
- Utilize the Marketplace for real-world identity services to maximize token utility.
- Engage with the community for support and insights.
SelfKey FAQs
What is the SelfKey crypto project?SelfKey is a blockchain-based decentralized identity platform enabling users to securely own, manage, and share their digital identity through the KEY token ecosystem.
How can I store KEY tokens safely?You can store KEY tokens in the official SelfKey Wallet, hardware wallets like Ledger and Trezor, or Ethereum-compatible wallets such as MetaMask to ensure security.
Is SelfKey listed on major crypto exchanges?Yes, KEY tokens are listed on Uniswap, KuCoin, Gate.io, and Bitfinex for convenient trading and liquidity.
How does SelfKey ensure identity verification security?The platform uses blockchain immutability and cryptographic proofs to secure identity data, reducing fraud and enhancing privacy.
Where can I find reliable reviews and community support for SelfKey?You can find authentic reviews on Clipstrust and connect with SelfKey’s community on Twitter, Telegram, and LinkedIn for support and updates.
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ClipsTrust Expert Note
SelfKey stands out as a trustworthy decentralized identity project leveraging blockchain to solve critical issues of identity privacy and compliance. Our expert analysis finds the protocol secure, the team competent, and the tokenomics well-structured for sustainable growth. Clipstrust ratings reflect strong user confidence and growing adoption. We encourage users and investors to DYOR and share their reviews to foster community transparency.
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