Skey Network

What is Skey Network?

Skey Network (SKEY) is a platform that bridges the gap between tangible assets and decentralized finance (DeFi) initiatives running on the Ethereum blockchain. As detailed in its whitepaper, Skey Network aims to harness the full potential of DeFi. The network empowers users to establish innovative business models for conventional car rentals, carsharing, and home rental services. Moreover, Skey Network employs Blockchain Internet of Things (BIoT) technology to craft a distinctive smart contract in the form of an NFT token. The Internet of Things (IoT) concept pertains to the interconnection of various devices with the internet and other interconnected devices.

According to the whitepaper, an NFT access token is an amalgamation of three distinct technologies. Firstly, it incorporates BIoT, which links the unique IT record of an Internet of Things (IoT) device to the Blockchain. These devices can be installed in various settings such as cars, gates, and homes. The second technology harnessed by Skey Network is Oracle II, employed to validate factors that influence value, such as weather conditions or seasonality. It can also be used to verify user-related information, including credit records, a critical aspect when creating smart contracts for renting apartments or cars. The third technology essential in crafting the access token is the smart contract conditions. These conditions can be tailored by the contract issuer with varying levels of customization, encompassing contract expiration time, access periods, pricing, user verification criteria, deposit amounts, and other parameters. The amalgamation of these three technologies gives rise to a smart contract embodied within an NFT token known as the Skey Network.

Skey Network's primary objective is to address the challenges associated with transactions involving physical and digital assets, which often entail multiple steps, including converting one digital asset into another and then converting it into traditional currency. Each step in this process, facilitated by intermediaries charging fees or commissions, results in a loss of value. Skey Network resolves this issue by serving as a unified bridge between physical and digital assets, thereby significantly reducing the network fees incurred by asset holders.

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Recent Video Interview

Main points of the interview:

• Dubai's role in Skey's global strategy.
• Discusses motorsport sponsorship and future implementations.
• Assures scaling plans, including Caruma's role and global partnerships.
• Token purchase plans discussed, suggesting Herman for technical details.

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What is SkeyTix?

SkeyTix is an integrated tool that leverages the power of NFTs to bring your products into the blockchain realm, offering the capability to create unique events. This technology not only provides robust anti-counterfeit protection but also grants access to monitoring tools.

Explore the numerous advantages of SkeyTix for your venture:

• Innovative and Secure Ticketing System.
• Real-time Ticket Status Updates.
• Streamlines Traffic at Entry Gates.
• Allows for Customized NFT Ticket Design.
• Safeguards Personal Information, maintaining privacy during use and verification.
• Enhances Ticket Verification Efficiency with a transparent system.
• Facilitates the Creation of Statistics.
• User-Friendly and Convenient.
• Ensures Anonymity and Security for Sensitive Data.

Skey Network Team Background and Partnerships

Radoslaw Kryzcki, the CEO of Skey Network, is also the founder of Go2NFT platform (offering comprehensive assistance throughout the entire digitization process, encompassing everything from formulating a strategy to executing and delivering the final products in digital NFT format).

Herman Sadik is the CTO of the network. He is a seasoned full-stack developer and team leader with over 15 years of experience with a track record of creating numerous projects in diverse industries, including aviation, electromobility, pharmaceuticals, and logistics. Notably, he led the pioneering implementation of blockchain technology in public administration in Poland.

Some of Skey Network's most notable partners are Chainlink, Go2NFT, Ferrum Network, Teltonika, Caruma, and Kleiberit.

Skey Network Project Development

Skey Network's SkeyBox is a user-friendly blockchain-as-a-service solution designed for businesses. It offers a "turn-key" approach, making it accessible to users without specialized knowledge and allowing easy integration with existing IT systems. The platform helps optimize processes, reduce costs, and improve collaboration with partners.

SkeyBox, originally utilized in the banking sector, ensures the immutability of documents, providing customers with access to unaltered records at all stages of their interactions with the bank. One of its modules, "File Security," protects important documents, guaranteeing that their content remains unchanged over time.

Utilizing File Security not only improves document management but also reduces costs and environmental impact by eliminating the need for physical document printing and distribution.

Skey Network is continually developing SkeyBox, with plans for modules that will secure products using NFT tokens, enhance digital identity protection, and give users greater control over their data and assets.

Skey Network Price Analysis

As of November 25 2024 Skey Network has a marketcap of $39M. This is {{percentagefromath}} from its all time high of $0.55817. In terms of its tokenomics, there's a total supply of 1B with 72% currently outstanding. Keep in mind Skey Network has a fully diluted value of $54M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.