Question 1

What is the current price of SelfKey (KEY)?

Accepted Answer

The current price of SelfKey (KEY) is XRP 0.00009454. In the last 24 hours, the price has decreased by -3.10%.

Question 2

What is SelfKey (KEY)?

Accepted Answer

SelfKey is a blockchain-based, self-sovereign identity system that puts users in control of their own digital identities. SelfKey empowers both individuals and organizations by providing them full authority over their digital identity. In addition to this, users can use SelfKey to manage a crypto portfolio securely and to onboard various services such as immigration, cryptocurrency, and financial services, in an instant.

Question 3

Who created SelfKey?

Accepted Answer

SelfKey was founded by Edmund Lowell, an entrepreneur specialized at the intersection of finance, technology, and law/regulation. Edmund has been involved in multiple other projects related to blockchains, distributed ledgers, personal data protection, and self-sovereign digital identity systems. Other key members of the team include product manager Terry Lin and crypto domain expert Ari Propis.

Question 4

How does SelfKey work?

Accepted Answer

SelfKey works as an all-in-one identity solution for self-sovereignty. One of its unique features is the self-hosted data storage, providing a secure solution for storing identity documents and assets locally, thereby reducing the risk of major data breaches. SelfKey also eases the KYC process by allowing qualified certifiers to provide reusable identity authentication. Users can then share this authentication with various service providers, bypassing the repetitive and tedious traditional KYC onboarding process. With its blockchain-based verifiable claims protocol, users can prove their ID attributes required for a specific service or product without needing to share the identity document in full.

Question 5

What makes SelfKey unique?

Accepted Answer

SelfKey stands out for its innovative approach towards identity management. Unlike centralized identity management systems, SelfKey provides a blockchain-based solution that puts control back in the hands of the user. Notably, it simplifies the KYC process by enabling reusable identity authentication, saving users from the hassle of undergoing multiple onboarding processes. It also minimizes data sharing by allowing users to prove the required attributes without exposing their full identification document. Further, SelfKey users can securely manage their cryptocurrency assets like ETH, KEY, and other ERC-20 tokens.

Question 6

How much SelfKey (KEY) is in circulation?

Accepted Answer

The circulating supply of SelfKey (KEY) is 6.0B, while its total supply is 6.0B.

Question 7

What is the current market cap for SelfKey (KEY)?

Accepted Answer

The current market cap for SelfKey (KEY) is XRP 0.6M.

Question 8

Where can you buy SelfKey (KEY)?

Accepted Answer

SelfKey (KEY) can be purchased on the following exchanges: Kraken, Probit, Gate.io, CoinEx, BitMart.

Question 9

How do I keep my SelfKey safe?

Accepted Answer

To keep your SelfKey safe, it is advised to keep it in a secure wallet, preferably a hardware wallet or a wallet where you control your private keys. As the general rule of thumb in the crypto space, do not share your private keys with anyone and always make sure to double-check wallet addresses before transferring funds.

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