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.
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.
Skey Network enables numerous use cases, such as:
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.
The Skey Network price is $0.14913572 AUD, representing a -1.08% from the day prior.
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The trading volume of Skey Network (SKEY) is $556.9K AUD in the last 24hrs, representing a -1.08% from the day prior.
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.
The current market cap of Skey Network (SKEY) is $105.7M AUD.
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The current circulating supply of Skey Network (SKEY) is 720.4M.
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