What is Selfkey?
The KEY stands for "Key of Encrypting Yourself" and as the name suggests, it is a native currency of the digital identity network - Selfkey. Similarly to Civic the Selfkey protects personal data client side whether they be individuals or enterprises. There are three parties in the Selfkey ecosystem: the identity owner (IO), identity claim issuer (ICI)(notaries, judges etc.) and relying party (RP)(banks, exchanges, or other institutions). The IO makes a claim about itself (name, DoB, etc.) which gets checked by the ICI before it becomes available to the RP in its interactions with the IO. All parties use KEY token: IO stakes KEY to obtain the network access and pays the ICI for identity confirmation, ICI stake the coins to ensure good practice (their stake is lost if they confirm false claims) and RP pays the ICI for providing info on new customers. KEY is also used as a payment method on the marketplace for various services.
Selfkey active markets
|Market Ticker||Traded Against||Traded On||Average Price||24h Volume|
|KEY/ETH||Ethereum||Bilaxy, Binance, Hotbit, Kucoin||0.00000449 ETH||$511,209|
|KEY/USDT||Tether||Bilaxy, Binance, Hotbit||0.00076407 USDT||$222,006|
|KEY/BTC||Bitcoin||Hotbit, Kucoin, Tidex, RightBTC||0.00000010 BTC||$9,241|
|Circulating / Total Supply||3,011,648,715 KEY
0.00 grams GOLD
0.00 grams SILVER
38.90 kg gold
4,305.10 kg silver
YTD Daily High/Low
ATH Daily Volume