SelfKey (KEY) is a blockchain-based identity management platform that empowers individuals and organizations to control and manage their digital identities securely and privately. It utilizes a self-sovereign identity system, allowing users to store and manage their identity documents and attributes on their own devices, ensuring full control and ownership. The platform includes a digital wallet and marketplace, where users can access various services and products using their universal digital ID, all powered by the KEY token.
The crypto SelfKey (KEY) is a utility token built on the Ethereum blockchain. It serves several purposes within the SelfKey ecosystem:
Access to Services: KEY tokens are used to access goods and services in the SelfKey marketplace. This includes notarization, verification, and certification services, as well as fees for opening bank accounts or starting insurance policies.
Staking: Companies offering services in the marketplace are required to lock a certain amount of KEY tokens in a smart contract. Users and certifiers also stake KEY tokens for various purposes, which is expected to increase the token's value as network usage grows.
Payment: KEY tokens can be used as payment for services within the SelfKey marketplace, such as incorporating a new business.
- Verification: KEY tokens are used for verification purposes, ensuring that users and certifiers are authenticated and trusted within the network.
Overall, the KEY token plays a central role in facilitating transactions and interactions within the SelfKey ecosystem, which focuses on self-sovereign identity management and digital asset control.
To store SelfKey (KEY) tokens, you can use the SelfKey Identity Wallet, which is available for both desktop and mobile devices. The desktop wallet allows you to manage all your ERC20 tokens, including KEY, from one convenient location. It provides an intuitive interface with the Ethereum blockchain and shows the real-time fiat value of your tokens. The wallet also includes an Address Book that lets you store commonly used addresses, saving time when performing transactions.
For mobile devices, the SelfKey Mobile Wallet is available for both Android and iOS. This wallet allows you to easily manage your ERC20 tokens, including KEY, from anywhere in the world. It also allows you to import your Desktop Wallet onto your mobile device, giving you complete clarity over your token portfolio.
Additionally, the SelfKey Wallet supports hardware wallets like Ledger Nano S and JSON Keystore files, ensuring secure storage and management of your KEY tokens.
To buy SelfKey (KEY) tokens, you can follow these steps:
Create an Account:
- Register for a free account on a cryptocurrency exchange that supports KEY, such as Kraken, Kriptomat, Bit2Me, or Binance.
Add Funds:
- Deposit funds into your account using a credit/debit card, bank transfer, or other supported methods.
Select SelfKey:
- Choose SelfKey (KEY) from the list of available cryptocurrencies on the exchange.
Set the Amount:
- Enter the amount of KEY you want to purchase and preview the transaction details.
Confirm Purchase:
- Confirm your purchase and wait for the transaction to be processed.
These exchanges provide a secure and user-friendly environment to buy KEY tokens.
