Blockchain based identity firm SelfKey has shared that its Pre-Public Sale hit its cap of $15.84 million four days before the scheduled closing date. The public initial coin offering (ICO), is scheduled to kick off on January 14th at 12AM UTC. If you are are interested, you need to submit your info to the whitelist in advance to receive approval to invest. Only KYCed investors will be allowed into the offer. The sale is expected to last two weeks or less and will close on January 31st or before.
SelfKey says this will be the only crowdfunding round for a public sale of tokens. SelfKey has set aside $5,940,000 worth of KEY tokens for the public sale. The Token price is $0.015 and there is no bonus schedule. The minimum individual purchase cap has been reduced to $100 so smaller investors may participate. For the first day the maximum purchase will be $3,000 and after that the cap will jump to $18,000
The KEY tokens will be automatically credited ERC-20 compatible wallets after funds have been successfully sent to the SelfKey contract address and the KYC is approved. These tokens will be locked until the end of the crowdsale.
If you are based in the US, New Zealand and China, you may not participate in the offer. Sorry.
Hop on their Telegram to have additional questions answered.
Founded by Edmund Lowell, SelfKey’s tech stack is in use now to help in the KYC process. SelfKey was built with the help of Standard Chartered Bank and has facilitated KYC for token sales such as Airswap, Aditus, Gatcoin, AiX, and Hotoken.
SelfKey was also used by startups like Polymath, Kommerce, ZILLA, Malabar.ai, TitanFx, DollarSmart, and the Hong Kong based exchange, Gatecoin.
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