Key price is $0.00015690
Currently, the price of Key (KEY) is $ 0.00015690.
Key (KEY) is the utility token associated with both, the Bihu ID system and the Bihu community. This two-fold platform is based on blockchain technology and decentralized storage. The purpose of Bihu is multifaceted. On one front, as the Bihu ID, it works as a self-sovereign identity system, known as the "KEY to Digital Liberty". It aims to safeguard user wealth, data, and privacy in the Web3.0 landscape. From another perspective, the Bihu community serves as a platform where crypto investors can share and gain information concerning token investments. As an ERC20 token on the Ethereum blockchain, KEY incentivizes content production within the Bihu Community.
Unfortunately, the names of individuals or organizations responsible for the creation of Key (KEY) are not provided. Despite this, the token is intrinsically linked to the Bihu ID system and the Bihu community which are established on the Ethereum blockchain.
Key (KEY) performs several roles within the Bihu platform. In the Bihu community, it incentivizes content generation and acts as the prime method of uncovering valuable content. Furthermore, it serves as a medium of value exchange within the community, through activities like user tipping.
The Bihu ID allows users to pay network fees (also known as gas) with KEY tokens. Additionally, KEY performs the function of a universal payment method within the Bihu ID system, which includes uses like recovering lost IDs.
Key (KEY) boasts several distinctive features due to its integration within dual platforms; the Bihu ID system and the Bihu community. This token incentivizes content generation, fosters good content discovery, and facilitates tipping between users. Additionally, it is anticipated that users will be able to utilize KEY to pay for general network fees and other services within the Bihu ID system.
Currently, the circulating supply of Key (KEY) is at while the total supply is capped at 100.0B.
Key (KEY) is accessible for purchase on several cryptocurrency exchanges including AEX, Bibox, Binance.
When storing or transacting with Key (KEY), it's important to use a secure cryptocurrency wallet that is compatible with ERC20 tokens. As with all cryptocurrencies, users should be careful about sharing sensitive information and should look to enable all possible security measures such as two-factor authentication to ensure the safety of their digital assets.
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