This platform is an identity verification tool that leverages blockchain technology. THEKEY is among a very few projects that are actually making efforts to align decentralized technology with traditional systems such as banks and government institutions.
While these have indeed been the most controversial entities to most decentralized web applications, this project is trying to see how it can integrate national PII data grid to blockchain and create a reliable and robust identification and verification system.
THEKEY investment is Chinese-based and started out as an asset built on NEO blockchain and so far has achieved some important milestones towards building a smart economy out of IDV. A couple of copyrights, patents and a test-run of their platform as a service covering some cities where it is being used for social insurance payments are indeed steps in the right direction.How to buy?
THEKEY has about 5 markets on just 3 exchanges where it is currently being traded and it goes without saying that it limits the flexibility of choice especially when the exchanges are not the most popular. This means that major cryptocurrency traders would have to add one extra exchange market to their list.
The coin is traded with BTC, ETH, NEO and USDT, quite the top coins of the crypto market. So it should be pretty easy to buy THEKEY, as most traders usually have at least one of those alts in their portfolio. However, if you don’t have these at the time you want to buy, you may need to purchase using your credit card on an exchange that accepts trading with USD.
You can buy TKY and leave it on the exchange, quite risky though; but then a safer means of storage would be to transfer to an external wallet service provider such as the NEO wallet.