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Market

Market stats

Market cap

$3.0M

Volume (24h)

$356,048.08

Circulating supply

181.6M SKEY

All time high

$0.55

Price change (1h)

+0.03%

Price change (24h)

+0.34%

Price change (7d)

-8.88%

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Skey Network is on the decline this week.

The price of Skey Network has fallen by 8.88% in the past 7 days. The price increased by 0.34% in the last 24 hours. In just the past hour, the price grew by 0.03%. The current price is $0.0163 per SKEY. Skey Network is 97.04% below the all time high of $0.55.

The current circulating supply is 181,631,354 SKEY.

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About

What Is SmartKey (SKEY)?

Skey Network (SKEY) is a platform that connects physical assets with decentralized finance (DeFi) projects operating on the Ethereum blockchain. According to the whitepaper, Skey Network seeks to maximize the opportunities offered by DeFi. The network intends to let users create new business models around traditional car rental, carsharing, and home rental services. Further, Skey network claims to utilize BIoT (Blockchain Internet of Things) technology to create a unique smart contract in the form of an NFT token. Internet of Things is the concept of linking any device to the Internet and other connected devices.

As per the whitepaper, an NFT access token is a mixture of three technologies. The first is BIoT, which connects an IoT device’s unique IT record to the Blockchain. The users can install the devices in cars, gates, homes, etc. The second technology Skey Network utilizes is Oracle II, used to verify elements that impact the value, such as weather conditions or seasonality. It can also be used to verify information about the user, such as a credit record, which is especially important when creating smart contracts to rent an apartment or a car. The third technology utilized to make the access token is the smart contract conditions. The conditions can be decided by the person issuing the contract with various levels of customization. These conditions contain contract expiration time, access time, price, user verification rules, deposit amount, and others. Combining these three technologies creates a smart contract in an NFT token called the Skey Network.

The Skey Network intends to solve the problem of the transactions between physical and digital assets that often require multiple stages, such as, converting one digital asset to another and then converting a digital asset into the traditional currency. A value is lost at every stage of this transaction via intermediates that charge fees or commissions. Skey Network solves this problem by acting as a single bridge between physical and digital assets, significantly reducing the network fees accrued by asset holders.

SKEY is the native token of the Skey Network. The total supply of the SKEY token is 1,000,000,000 SKEY. Of all the tokens 30% is distributed to the BoTGlobal company, 20% is allocated to the team, and 10% to the marketing team. Further, 10% each were distributed to the Pre-sale Stage A, Stage B, and UniSwap. Apart from this, 5% each was distributed among the Exchange and reserve.

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Reading List

News

Unchained • Sep 21, 23

a16z Backs $33M Raise for Blockchain Game Studio Proof of Play

Proof of Play, a decentralized game studio and blockchain technology company, has raised $33 million in a seed round co-led by Andreessen Horowitz (a16z) general partner Chis Dixon and Greenoaks founder and managing partner Neil Mehta, according to a press release provided to Unchained. The funds will help Proof to ... The post a16z Backs $33M Raise for Blockchain Game Studio Proof of Play appeared first on Unchained Crypto.

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TechCrunch • Sep 21, 23

Former a16z execs launch Bastion

Bastion launched a suite of products so companies can integrate web3 infrastructure into their existing enterprise technologies.

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Fortune • Sep 21, 23

Google Cloud to provide developers access to data on 11 more blockchains, including Polygon, Tron, and Arbitrum

The cloud provider will also add data on Ordinals, non-fungible tokens minted on the Bitcoin blockchain, to its available datasets. The cloud provider will also add data on Ordinals, non-fungible tokens minted on the Bitcoin blockchain, to its available datasets.

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The Block • Sep 21, 23

Polygon Labs proposes facilitating Celo’s migration to Ethereum Layer 2 with CDK

Polygon Labs offered the Celo community a proposal to integrate its Chain Development Kit for the transition to Ethereum Layer 2.

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The Block • Sep 21, 23

Friend.Tech rival Post.Tech activity picks up with $1.8 million in daily volume

Crypto social media sites offering gated channels are gaining popularity — with a new version on Arbitrum taking off.

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Decrypt • Sep 21, 23

Bitcoin Pioneer Hal Finney Explains ZK Proofs in Rediscovered Footage

A video has resurfaced showing the late software developer and Bitcoin pioneer Hal Finney explaining zero-knowledge protocols in the 1990s.

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FAQ

What is the current price of Skey Network?

We update our Skey Network to USD currency in real-time. Get the live price of Skey Network on Coinbase.

What is the market cap of Skey Network?

The current market cap of Skey Network is $2.96M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Skey Network?

The all-time high of Skey Network is $0.55. This all-time high is highest price paid for Skey Network since it was launched.

What is the 24 hour trading volume of Skey Network?

Over the last 24 hours, the trading volume of Skey Network is $356.05K.

What other assets are similar to Skey Network?

Assets that have a similar market cap to Skey Network include Monavale, AXIS Token, VIXCO, and many others. To see a full list, see our comparable market cap assets.

How many Skey Network are there?

The current circulating supply of Skey Network is 182 million.

Can I buy Skey Network on Coinbase?

Yes, Skey Network is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Skey Network guide.