The SelfKey Token Sale is officially closed. We have reached the Public Sale Maximum Cap ($5,940,000) in 11 minutes! The Total Amount sold is $21,780,000.
The participation, support and feedback has been spectacular. On behalf of the entire SelfKey team, I would like to give you our sincere thanks for all the support shown since we publicly announced the project in early September 2017.
BEWARE OF SCAMS — THE TOKEN SALE IS OFFICIALLY CLOSED
DON’T BELIEVE ANYBODY CLAIMING TO BE FROM SELFKEY ASKING TO SEND FUNDS TO AN ETH ADDRESS TO BUY KEY TOKENSSelfKey Token Sale
Identity Wallet and Marketplace to access Token Sales with one click, buy a new passport, set up a company, exchange cryptocurrencies, manage your ETH or ERC-20 tokens and much more…
The SelfKey ecosystem is a blockchain based identity management system that puts identity owners in control of their digital identity and allows them to request document certifications. After the user is verified, they can instantly and securely access products and services avoiding any repetitive and burdensome KYC process. Relying parties, certifiers and identity owners can transact in a secure, private, decentralized manner to exchange identity claims.
SelfKey runs on smart contracts with economic incentives powered by SelfKey tokens (KEY) and smart contracts run on the Ethereum Virtual Machine (EVM) and Ethereum Blockchain.
The SelfKey Network mainly consists in the Identity Wallet, the Marketplace and the KEY token — all of which are open source and fully auditable:
SelfKey Identity WalletThe SelfKey Identity Wallet, an open-source digital identity wallet through with which identity owners can securely access and manage their identity attributes and documents, such as passports, stored on their personal device. This removes the need to have that sensitive personal data held by a third party on a vulnerable centralised database or in the blockchain.
In addition to access and share ID documents, the Identity Wallet is capable to store, send and receive ETH, KEY and any ERC-20 Token.
Through the SelfKey Identity Wallet and your cryptographic key pairing (private and public), users will be able to digitally sign documents, request identity checks and document certification from certifiers, such as eNotary services, and authenticate at multiple platforms.
These certified identity attributes and documents can be shared with relying parties offering services in the SelfKey marketplace in order to access to their products and services.
SelfKey enables automated processes that re-uses KYC data, allowing for a quicker KYC onboarding process and to save time to complete applications that are currently tedious.
The Corporate Identity Wallet will allow for linked identities that can provide multi level verification, ideal for organizations to easily and quickly have their documents notarized and open bank accounts or establish subsidiaries painlessly.
The SelfKey MarketplaceThe Marketplace allows users to compare and apply for products and services without having to go through the manual and paper-intensive KYC processing that service providers would require outside the SelfKey network. A pre-alpha version of the SelfKey marketplace is available at
alpha.selfkey.org.
These products and services include but are not limited to: citizenship and residency by investment, company incorporation, bank accounts, fintech products, insurance, real estate, precious metals purchase and storage, among others.
In addition, the Identity Wallet will allow for an instant Exchanges account sign up and verification.
As the Identity Wallet is capable to store ETH and any ERC-20 Token, it enables instant onboarding to Token Sales. Being possible to whitelist an address sending KYC documents and transfer ETH to Token Sales, within the same App.
In fact, SelfKey has already powered/is powering several Token Sales KYC processes such as Airswap, Gatcoin, Polymath, AiX, Aditus and others.
SelfKey has already established partnerships with financial service providers, corporate services providers, registered agents, lawyers, consulting firms, notaries, exchanges to offer the aforementioned products and services.
Partnerships officially announced and not under NDAs include but are not limited to:
Blockchain space:
- Gatecoin, a Hong Kong based exchange
- Lykke: B2C Wallet
- Polymath: B2B2C Securities Token platform
- Zilla: B2B2C — Fundraising platform for various ICO’s
- Kommerce — a trade finance blockchain venture for frontier markets
- Malabar AI — B2B & B2C Roboadvisory
Further details:
The Growing SelfKey Ecosystem: The 10+ companies building on SelfKey Tech.
Non-Blockchain space:
- NTL Trust, one of the world’s leading Citizenship and Residency by Investment authorized agent
- Harvey Law Group and Global Advisory Group, Immigration Services
- Flag Theory/Far Horizon Capital Inc, Incorporation and Immigration Services
- Levera Limited: Grenada government approved CBI real estate developer
- DollarSmart: p2p money transfer services
- TNG Hong Kong: eWallet covering 8 Asian countries
- Titan FX: foreign exchange (forex), metal and commodities broker
- ECI Developments — Real estate developer in Nicaragua
- Varnavas Law firm — Greece Residency by investment provider
- International Insurance — Insurance Broker
- VoiceIt — Cloud based voice biometric services
Check out the SelfKey Marketplace Demo.
KEY TokenThe native token KEY, an ERC-20 token used as access rights and payment unit within the network.
The SelfKey network will require participants to stake a certain amount of KEY tokens to access the network. This prevents spam, decreases the total amount of float, and encourages people to buy and hold KEY, and act in accordance with the trust framework (legal agreement) so that relying parties don’t for instance, misuse identity data — because if they do, they will lose their stake.
Participants will need to hold a certain amount of KEY to unlock marketplaces also. We call this, proof of reputational stake and bonded notaries.
Bonded notaries will work exactly how notaries work in the real world, except on chain. The notaries will need to stake a certain amount of KEY in order to become a notary — in the same way as it currently happens, where a notary has to post a surety bond with the government.
KEY will be also used as a payment unit for document notarization and for products and services offered by relying parties in the SelfKey marketplace. Marketplace listings will be either wholly or partially priced in KEY.
Each member of the ecosystem will have a valuable role to play utilizing KEY, enabling a feasible transactional economy between the parties.
Token SaleThe KEY Token Sale will be the only KEY token generation event. A total supply of 6,000,000,000 KEY will be generated and will be allocated in the following way:
- 1,980,000,000 KEY (33%) to the Token Sale Purchasers
- 1,980,000,000 KEY (33%) held in a pool to incentivize, support and build the SelfKey Network. This pool will be used at early stages to stake tokens required by Relying Parties and Certifiers, so they can participate in the network at no cost and therefore incentivize the maximum functionality and utility of the platform at its launch. These tokens will be staked in escrow.
- 990,000,000 KEY (16.5%) to to the founding team, vesting over a 1-year period.
- 990,000,000 KEY (16.5%) as a reserve and for expenses of establishing and maintaining the Foundation longer term (accounting, legal, marketing, advisors, development and reserve).
- 60,000,000 KEY (1%) to cover legal costs of the Token Sale.
Token Sale Details
Total Supply of Tokens 6,000,000,000 KEY*
Token Sale Hard Cap US$ 21,780,000
Token Sale Soft Cap US$ 2,500,000
Pre-Public Sale Sold US$ 15,840,000
Public Sale Dates January 15th to February 1st
Public Sale Cap US$ 5,940,000
Token Price US$ 0.015
Minimum Purchase US$ 100
Maximum Purchase 14th Jan $3,000
Maximum Purchase 15th-31st Jan US$18,000**
Currencies Accepted ETH
ETH/USD Conversion Rate TBD***
*Any tokens not sold will be burned.
**A maximum of 1,200,000 KEY tokens ($18,000 at Public Sale price) may be purchased by each participant. Any purchase amount from the Pre-Public Sale shall count towards this limit.
***The ETH/USD conversion rate will be determined by the average market rate 24 hours (14/01) prior to the Public Sale Start.
U.S., China and New Zealand residents are not eligible to participate in the Sale.
Token Distribution and Use of FundsRoad MapThe TeamThe SelfKey team currently consists in +40 members, distributed in 3 macro areas:
Growth (Product, Business Development and Marketing depts.): 14 members
Legal and compliance: 12 members
Design & development: 22 members
The team is lead by Edmund Lowell, who is an expert on identity and blockchain, having consulted with various governments including at the prime minister level.
Edmund Lowell – Vision and Founder
Edmund John Lowell is a serial entrepreneur living in Asia since 2011 innovating at the crossroads of finance, technology and legal fields.
Edmund is also the founder of FlagTheory, which helps individuals and businesses create more freedom, privacy and wealth through strategic internationalization. Edmund has built a number of Fintech and RegTech products including jurisdictional comparison applications such as Incorporations.io, residencies.io, passports.io, and a blockchain based KYC onboarding software, KYC-Chain.
As a CEO of KYC-Chain Ltd, he has been a pioneer on building a blockchain solution to improve the current tedious and inefficient KYC processes.
KYC-Chain has worked with renamed financial institutions such as Standard Chartered, as well as with ambitious startups of the fintech space.
As a CEO of KYC-Chain Ltd, he has been a pioneer on building a blockchain solution to improve the current tedious and inefficient KYC processes. In addition, Edmund has set up hundreds of companies for entrepreneurs and has a proven track record of fighting for personal freedoms, liberty and free markets at FlagTheory.com.
AdvisorsThe SelfKey team is assisted by 20+ advisors which includes some of the most brilliant minds of the Blockchain, Legal and Finance Industry such as:
• Virgil Griffith, Ethereum Research
• Trevor Roverko, Polymath Founder
• Chris Skinner, Top five influential person in Fintech and Information security space
• Tim Frost, Taurus Vision founder, Everex and Agrello advisor
• Olivier Roucloux, Finance Expert, former SWIFT
• Janos Barbieris, founder of Supercharger Fintech Accelerator
• Brian Elders, Amicorp and Irish Chamber of Commerce (HK)
PartnersUseful Links•
SelfKey Whitepaper•
SelfKey Token Sale Presentation•
KEY Token Sale Terms and Conditions•
Privacy Policy•
KYC policy•
SelfKey Official Website•
SelfKey Pre-Sale Whitelist Sign Up
Official Website | Facebook | Twitter | Blog | Reddit | LinkedIn | Telegram | YoutubePurchasing SelfKey, a Self Sovereign Identity Token (known as “KEY”), should not be considered an investment, and it should not be purchased for speculative reasons.
The KEY token does not give its holder any right to profits, and it does not represent any ownership interest. It confers no ability to vote or manage. KEY is a digital asset that has value and utility solely within the SelfKey Ecosystem for the exchange of goods or services.
This document contains statements relating to future events and intentions, beliefs, expectations, and predictions for the future. Words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “we believe, we expect, estimate, project, may,” “will,” “intend,” “plan,” “believe,” “target,” “forecast,” “would” or “could” (including the negative variations thereof) or similar terminology used in connection with any discussion of future plans, actions or events generally identify forward-looking statements within the meaning of the laws of some jurisdictions. These statements are based on current expectations. However, there are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this document.
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