Buy Skey Network (SKEY)
What is Skey Network?
Skey Network is a blockchain platform that combines decentralized finance (DeFi) with the Internet of Things (IoT), forming what is known as the 'Blockchain of Things' (BoT). It is designed to tokenise real-world assets on the blockchain, enabling each object to possess a unique NFT token. This innovation transforms ownership and asset management in the digital realm, providing a robust infrastructure for smart cities and IoT applications.
How does Skey Network work?
Skey Network operates on the Ethereum blockchain, leveraging its scalability and security. It integrates BIoT (Blockchain Internet of Things) technology, which links physical devices to the blockchain, permitting real-time data collection and verification through oracle systems. Smart contracts within Skey Network generate access tokens based on the data from IoT devices and oracles, facilitating secure and automated peer-to-peer transactions.
What are the potential use cases for Skey Network?
Skey Network enables numerous use cases, such as:
- Access Control Systems: Managing secure access to IoT devices, useful in properties and vehicle access.
- Smart Cities: Optimising urban infrastructure and traffic systems using blockchain.
- DeFi Applications: Including agricultural lending and logistics, where real-time data helps in risk assessment and tracking.
- Sharing Economy: Platforms like car-sharing use Skey Network for secure transfer of access keys.
What is the history of Skey Network?
Skey Network was founded by Herman Sadik, Radosław Krzycki, and Szymon Fiedorowicz with the goal of creating a scalable blockchain alternative by combining IoT devices and blockchain technologies. Since its inception on December 15, 2020, it has achieved several milestones, including integration with brands and a broadening of its product offerings. As a utility token, SKEY fuels the network, facilitating peer-to-peer transactions and forming the backbone for various sharing economy platforms.
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Frequently Asked Questions (FAQs)
What is the current price of Skey Network (SKEY)?
The Skey Network price is $0.14913572 AUD, representing a -1.08% from the day prior.
Where is the best place to buy Skey Network (SKEY) in Australia?
The best place to buy Skey Network (SKEY) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Skey Network (SKEY) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Skey Network (SKEY)?
The trading volume of Skey Network (SKEY) is $556.9K AUD in the last 24hrs, representing a -1.08% from the day prior.
How can I buy Skey Network (SKEY)?
Skey Network (SKEY) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Skey Network (SKEY)?
The current market cap of Skey Network (SKEY) is $105.7M AUD.
Can I convert Skey Network (SKEY) to cash?
Yes - With Coinstash you can convert your Skey Network (SKEY) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Skey Network (SKEY) are there?
The current circulating supply of Skey Network (SKEY) is 720.4M.
Is Coinstash a safe place to buy Skey Network (SKEY) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Skey Network (SKEY) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.