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What is SelfKey (KEY)?

SelfKey basic info

Name:SelfKey
Ticker:
Introduction:

What Is SelfKey?

SelfKey is a blockchain-based self-sovereign identity platform that empowers individuals and organizations to take full control of their digital identities. In an era where data breaches and identity theft are rampant, SelfKey offers a robust solution, enabling users to securely manage their personal information away from third-party interference. Launched in 2017 as an affiliate of KYC Chain and founded by Edmond Lowell, SelfKey has quickly established itself as a revolutionary platform in the digital identity space.

SelfKey is designed to combat the growing threats of internet fraud, identity theft, and data exploitation. By leveraging blockchain technology, it provides a decentralized and secure environment where personal data is beyond the reach of unauthorized entities. This platform not only ensures the utmost privacy and security for its users but also simplifies the process of identity verification across various platforms, making digital interactions safer and more efficient.

Resources

Whitepaper: https://selfkey.org/whitepaper/

Official Website: https://selfkey.org/

How Does SelfKey Work?

SelfKey operates by allowing users to store and manage their digital identity on a secure, decentralized platform. This system uses public/private key cryptography, similar to Bitcoin, ensuring that personal data is accessible only when the user grants permission. The platform's claims protocol allows for the sharing of only necessary information with third parties, thereby minimizing the risk of data leaks and identity theft.

The SelfKey ecosystem comprises two main components: the SelfKey Wallet and the SelfKey Marketplace. The SelfKey Wallet is a non-custodial solution that enables users to store their identity documents and manage cryptocurrency portfolios securely. It ensures that users retain ownership of their private keys and have complete control over their personal information. The SelfKey Marketplace, accessible through the wallet, offers a variety of services related to finance, cryptocurrencies, and immigration, among others.

What Is KEY Token?

KEY is the main token of the SelfKey Network, serving multiple essential functions. It has a max supply of 6,000,000,000 tokens. KEY facilitates transactions within the platform, allowing users to access services in the SelfKey Marketplace. This token enables users to perform identity verifications and purchase services efficiently within the ecosystem.

What Determines SelfKey’s Price?

The price of SelfKey, like any cryptocurrency, is influenced by a combination of market demand, investor sentiment, and broader economic factors within the blockchain and cryptocurrency sectors. Key factors include its adoption rate, technological advancements within the SelfKey ecosystem, and partnerships that expand its use cases. The historical price movements of SelfKey also play a crucial role, as investors often look at past trends to predict future performance. For instance, the initial coin offering (ICO) of SelfKey in January 2018 and subsequent listings on major exchanges significantly impacted its market value. Additionally, the utility and demand for the KEY token within the SelfKey ecosystem directly affect its price. As the platform evolves, offering more services and enhanced security for digital identity management, the intrinsic value of KEY is expected to grow, potentially influencing its market price.

Furthermore, external factors such as regulatory changes in the cryptocurrency landscape, market sentiment towards blockchain technology, and competition from other identity management platforms also shape SelfKey's price. Predictions about the price of KEY often consider the growing importance of digital identity verification in various sectors, including finance, healthcare, and government services. The increasing need for secure and decentralized identity solutions in the era of Web3 and the Metaverse could drive demand for SelfKey's services, potentially boosting the value of KEY. However, like all cryptocurrencies, KEY is subject to market volatility, and investors are advised to conduct thorough research and consider market trends and technological developments within the SelfKey ecosystem before making investment decisions.

For those interested in investing or trading SelfKey, one might wonder: Where to buy KEY? You can purchase KEY on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

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Current price:
All-time high:$0.09031
All-time low:$0.0005466

KEY supply and tokenomics

Circulating supply:6,000,000,000 KEY
Total supply:5,999,999,954.46 KEY
Max supply:6,000,000,000 KEY
Market cap:$21.69M
Fully diluted market cap:$21.69M

Links

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What is the development prospect and future value of KEY?

The market value of KEY currently stands at $21.69M, and its market ranking is #831. The value of KEY is not widely recognized by the market. When the bull market comes, the market value of KEY may have great growth potential.

As a new type of currency with innovative technology and unique use cases, KEY has broad market potential and significant room for development. The distinctiveness and appeal of KEY may attract the interest of specific groups, thereby driving up its market value.

What will the price of KEY be in 2025?
Based on KEY's historical price performance prediction model, the price of KEY is projected to reach $0.005345 in 2025.
What will the price of KEY be in 2030?
In 2030, the KEY price is expected to change by -7.00%. By the end of 2030, the KEY price is projected to reach $0.01240, with a cumulative ROI of +279.25%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of KEY and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is KEY worth investing or holding? How to buy KEY from a crypto exchange?

If you want to buy KEY, the following information may be helpful for your investment decisions:
In the last seven days, the price of KEY has risen by 14.04%, leading to positive returns for most KEY investors. The market is currently optimistic about the price trend of KEY.
It is important to note that the current price of KEY has retreated by -96.00% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether KEY is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in KEY or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of KEY, if you want to buy or sell KEY, you can consider Bitget for your trading needs. The best place to buy KEY is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in SelfKey has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy SelfKey. Here's a step-by-step guide on how to buy SelfKey on Bitget.

How to get SelfKey through other methods?

Using cash to buy SelfKey is not the only way to obtain SelfKey. If you have the time to spare, you can get SelfKey for free.
Learn how to earn SelfKey for free through the Learn2Earn promotion.
Earn free SelfKey by inviting friends to join Bitget's Assist2Earn promotion.
Receive free SelfKey airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to SelfKey through Bitget Convert, Bitget Swap, or spot trading.

What is SelfKey used for and how to use SelfKey?

The use case of SelfKey may expand as the crypto market and the project itself develop. Currently, you can use KEY to achieve the following goals:
Arbitrage by trading KEY: Since KEY is a frequently traded cryptocurrency, the price of KEY is always fluctuating. Earn more KEY by buying low and selling high on the exchange. Bitget spot market provides a variety of KEY trading pairs to fully meet your needs.
Earn by staking KEY: You can also generate income through financial management methods such as staking KEY or lending KEY. Bitget Earn offers a variety of financial products designed to help you earn more income from your KEY.
Send or pay KEY: If you want to give KEY to your friends, a charity, or a fundraiser, or you want to pay someone with KEY, you can quickly and easily send KEY to the recipient through their payment address.
You can also go to the official website of the SelfKey project to learn more about the use cases of KEY. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

SelfKey Wiki

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