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SELFKEYS E L F S O V E R E I G N B L O C K C H A I N I D E N T I T Y
V E R . 1 6 N O V E M B E R , 2 0 1 7
SelfKey is a blockchain based digital identity system that allows individuals
and companies to truly own, control and manage their digital identity, and
instantly and securely access Citizenship and Residency by Investment,
Fintech Products, Financial Services, Company Incorporation, Coin
Exchanges, Token Sales and much more...
SelfKey
Partners
Legal / Audit / Compliance FirmsSmart Contract Audit App Security Audit
TeamLegal & Compliance Growth Design & Development Advisory
ROGER LIMChina AdvisorNotable Crypto Investor
Executive Summary
✔ Enables Self-Sovereign ID, the concept of putting users at the center of the identity management process
✔ Enables the SelfKey Ecosystem, including a marketplace using the native token “KEY” to transfer value
SelfKey is a decentralized identity system that includes:• the not-for-profit SelfKey Foundation
• a technology stack with a free and open source identity wallet for the identity owner
• a marketplace, available at launch with real products and services
• a protocol and API built with modular microservices for KYC
• a native token (KEY), a crypto asset (utility token) that enables the SelfKey Ecosystem to interact in an efficient, digital manner.
KEY is critical to enable interactions, and is used to fuel the SelfKey
Ecosystem.
You
Self-Sovereign Identity (SSID)
SelfKey enables SSID – you can truly own and control your data. Store identity data on your personal
device and share it securely without a central repository.
Your data is stored on your device and NOT in a database. Only the hash is stored on the blockchain
What Standard Chartered Bank says about SelfKey Tech:“Documents that identify us in the physical world... will [someday] no longer be necessary. A business trip or vacation would be a seamless experience, where passport control may no longer be required, and banking services such as overseas transfers and the opening of accounts will be a breeze because of more robust and trustworthy ‘know your customer’ (KYC) processes…"
"We have started a project with fintech firm KYC Chain [Founder of
the SelfKey Foundation], to improve our client onboarding process. The project... can recognise and verify identities of clients in a reliable and fuss-free way”.
Michael GorrizStandard Chartered Group Chief Information Officer
How you could use SelfKey TechSharing your identity with third parties – like banks – when registering for a new product could be:
• faster,• more hassle-free,• more private,• more secure.
SelfKey Technology could reduce your exposure to identity theft risk.
The Market
SelfKey is focused on the Asian market: a digitally-inclined consumer base that uses fintech products.
This market is ripe for introducing our universal digital identity product.
Asia is a large, yet growing market
• 3 of the 4 largest markets for Ether are in Asia (Korea, Japan, China).
• High mobile phone penetration makes Asia ready for mass scaling of digital services.
• Hundreds of millions unbanked Asian consumers lack access to traditional means of banking and fintech products.
• Asia is slowest major region in the world to sign up for a bank account (28 days on average).
Asia is fintech centric
• Asia has surpassed US and the UK for total Fintech
investment ($1.2B USD in Q3 2016).• Asia leads the world in average financial services
products per person (Compare: Taiwan average is 13.7, UK is 6.5).
• Asia's large emerging market segments means greater opportunity for new finance-centric customer acquisition
(19 percent greater acquisition on average for emerging markets compared to mature markets.
The KEY Economy
The SelfKey Ecosystem is
a digital end-to-end
identity network, powered
by the native token KEY.
Participants will have to
purchase & stake KEY for
actions within the network
Identity Owner
Relying Party Certifier
Using KEY Tokens
Using KEY, opening an account in the jurisdiction of your choosing will be simple:
1. Create Your Digital IDDownload the SelfKey identity wallet application, and upload relevant ID attributes
3. Browse and Select Marketplace ProductsBrowse the marketplace for the checking account of your choosing in the jurisdiction you prefer
5. Finalize OnboardingConfirm applications details and submit to the provider of your choosing
2. Verify Your IdentityRequest verification of your ID attributes within our ID ecosystem using a KEY token
4. Auto-Complete Digital ApplicationComplete online application using verified ID attributes in your Wallet
Using KEY Tokens:
You will be able to upload Identity Attributes to the SelfKey Identity Wallet application, and
share those attributes with providers on the SelfKey Ecosystem
Identity Wallet
Identity Owners:Store and Verify Identity AttributesUpload traditional ID attributes, like passports or birth certificates, or digital attributes, such as social media profiles to your Identity Wallet. Your Identity is private, and is shared only with consent. You will need KEY to pay to verify your ID.
Securely Share Your IdentityShare your ID attributes with third parties when you apply for products and services. Minimize or eliminate paperwork. You will need KEY to securely send your Identity
Companies:Management & GovernanceThe SelfKey Network will offer services to aid company management, such as stock transfer ledger services. Management may also complete bank account applications, and efficiently set up new subsidiaries. "One click incorporation." You need KEY for these company management services..
Demo: alpha.selfkey.org
Using KEY Tokens:
The Identity Wallet will have cross compatibility with MyEtherWallet, being able to store ETH, KEY and any other
ERC-20 token.
Identity Wallet
Demo: alpha.selfkey.org
Using KEY Tokens:
The SelfKey marketplace connects individuals to immigration, financial, digital assets and
other services, without sacrificing privacy. You need KEY to utilize the marketplace.
Marketplace
Identity Owners:Access products and servicesGet access to services related to: Passports, Residency, Bank Accounts, E-Wallets, P2P Loans, Gold or Precious Metals, Money Transfer Services, Coin Exchanges, Incorporation of Companies, LLC’s, Foundations, Trusts, Insurance, & more
Evaluate your options and payCompare competing offers from providers, view the details of their offers, and review community feedback. Seamlessly pay with KEY.
Relying Parties:List productsList product offerings and share promotions and incentives. Service providers will need to “stake” KEY to be listed in the marketplace.
Demo: alpha.selfkey.org/marketplace
Using KEY Tokens: Marketplace
Demo: alpha.selfkey.org/marketplace
Using Key Tokens:Network Benefits
๏ Time-consuming client onboarding due to regulatory requirements
๏ Poor and disjointed customer experience
๏ Unable to import client data
๏ Extremely expensive
๏ High cost to be internationally compliant
๏ Inefficient and complex paper-based and manual processes
✓ Quickly onboard Identity Owners
✓ Excellent customer experience✓ Quickly and easily request additional customer details
✓ Leverage economies of scale✓ Internationally compliant
✓ Automated processes that re-uses KYC data
๏ Do not monetize certifications (i.e. – Utility Companies)
๏ Unable to revoke claims
๏ Unable to quickly grant claims
✓ Can now monetize certifications
✓ Revoke certifications✓ Quickly grant certifications that are time bound and verifiable
๏ Do not own or control identity
๏ Repeatedly perform same manual onboarding processes
๏ Multiple authentication devices
๏ Hard to share information
๏ Overshare information
✓ Transparent identity management✓ Maintain full consent and control
✓ Authenticate multiple services with one key✓ Share minimum information to avoid oversharing
Existing ID Management SelfKeyGroup
RelyingParties
Certifiers
IdentityOwners
SelfKey is powering the identity and KYC processes for Token Distribution Events (TDEs).
Using KEY Tokens:One Click Token Sale
SelfKey Users• Convenient KYC processing• One-time application for multiple TDEs• Desktop identity wallet will be capable to store ETH
and any ERC-20 Token, enabing one-click onboarding to Token Sales.
SelfKey Partners• Scalable KYC compliance for token sales• Give users option for SelfKey single sign-on• Simple validation of user data, checks against various
industry watch lists *current partners with signed contracts
KYC + Payment
TimelineFrustrated by redundancy in KYC of Corporate Services Businesses2012
2013 Work beings on KYC/ Digital ID Whitepaper
2014 Self-funded research and development begins
2016 Accenture FinTech Lab, SuperCharger Accelerator and angel round for KYC-Chain
2017 Public Announcement of work with Standard Chartered
KYC-Chain donates B2C wallet code to SelfKey Foundation, releases White Paper and opens to
public.2017
Nov 2017Private
Sale Dec 2017Private Sale
Ends15 Dec 2017Public Pre-Sale
Starts24 Dec 2017Public Pre-Sale
Ends
15 Jan 2018Public Token Sale
Starts
1 Feb 2018Public Token Sale
Ends
Roadmap2018
Q1• SelfKey Desktop App Alpha
Launch
• Token Sale and Crypto Exchange marketplace launch
• KEY used for notarization and access the network
• Select claims issuer partners onboarding
• KEY staked by notaries to be eligible to issue claims
Q2• Support cryptocurrency
transactions
• Fully electronic claims by Claims Issuers
• Integration work begins with select crypto asset product provider partners
• Support re-use of select KYC components for Relying Parties
Q3• Alpha Launch of SelfKey
mobile app
• Alpha Launch of SelfKey Corporate Identity Wallet desktop app
• Partnership work with governments and utility providers begins
• Launch Trusts, Foundations, Companies, Residencies, and Passport verticals in SelfKey desktop app
Q4• Fiat and alternative
cryptocurrency payment support for select services
• Roll out dedicated functionality for utility providers as Claims Issuers
• Beta launch of SelfKey desktop app
• Release of SelfKey SDK
Roadmap2019
Q1• Self-service marketplace
listing sign-up for Relying Parties within select verticals
• Self-service sign up for notary listing for pre-screened Claims Issuers
• Launch precious metals vertical in SelfKey apps
• Backup via other storage layer & Key recovery via Uport
Q2• Work begins on POI proof of
concept
• Launch digital wallets and money transmission verticals in SelfKey apps
• Beta launch of SelfKey Corporate Identity Wallet, including multi-user support functionality
Q3• Introduction of the SelfKey
Reputation system, allowing identity owners to receive a reputation score based on signatures from notaries or other certifying bodies within the SelfKey ecosystem
• Allow Token Sales and Crypto Exchange Relying Parties to stake KEY in exchange for immediate SelfKey marketplace listing
Q4• Alpha Launch of POI proof of
concept
• Functionality allowing Identity Owners to pay KEY for reputation issuance
Token Sale Details
Purchases shall be made in ETH. Conversation Rate will be determined by the average market rate 24 hours prior to the sale start. Any tokens not sold will be burned.
Total Supply of Tokens 6,000,000,000 KEY
Token Sale Hard Cap US$21,780,000
Token Sale Soft Cap US $2,500,000
Token Price US$0.015
Individual Cap US$18,000
Token Distribution End of Public Sale
Key Dates
15 December ‘17 | Public Pre-Sale Starts
24 December ‘17 | Public Pre-Sale Ends
14 January ‘18 | Public Token Sale
31 January ‘18 | Public Token Sale Ends
Public Token Sale
• No Bonus
• Min. Purchase: $100
Public Pre-Sale
• 30% Bonus
• Min. Purchase: $1,000
Private Pre-Sale
• 70% bonus (50% locked for
6 months)
min. Purchase $150,000.
• 50% (no lockup)
min. Purchase $10,000.
Token Sale Distribution
1% to the Token Sale legal costs.
16.5% to the founding team, vesting over a 1-year period.
33% to the Token Sale.
33% to the community, held in a pool to incentive use, support
and build the SelfKey Network. Includes 1% Token Sale Bounty
16.5% to expenses (accounting, legal, marketing, advisors,
development and reserve.
Token Sale Use of Funds
90% Growth Grants
5% Ongoing governance and legal support.
5% Operational Expenses
• Technical Grants | Complete buildout of mobile identity wallet.
• Singapore Hub | Dedicated Singapore team to expand SelfKey to Southeast Asia’s #2 financial hub.
• Asian Expansion | Expand on current footprint in Asia most major countries.
• POI Research | Proof of Individuality for users to digitally prove individual uniqueness through biometric reverse turing tests (anti sybil mechanisms).
• PAO Research | Participatory Autonomous Organization. Research and development for SelfKey users to participate in the operations and development of the SelfKey network.
• Usage Grants | Incentivize use of the network by bootstrapping and getting past the ‘chicken and egg’ problem.
• Management Grants | Grants to manage, maintain, improve, and iterate the core technology.
• Software Licensing | License software from external firms.
• Marketing and Education | Grants to educate the market on SelfKey.
• Regulatory outreach | Educate and inform regulators worldwide.
• European Growth | Expand footprint in Europe. SelfKey has potential to help with PSD, GDPR requirements.
• African Expansion | When the fintech market is mature, head to the emerging market economies of Africa.
• Data Grants | Fintech, product and KYC information including sanctions lists, KYC laws, credit checks, adverse news, and other information useful to relying parties.
• Government integration | The SelfKey Foundation has already applied for regulatory Sandbox License in Mauritius to be able to monetize identity claims issued by CBRD (companies registry) of Mauritius.
• Ambassador Payments | The SelfKey Foundation will invest in growth through affiliates called ambassadors.
2. Agree to Terms 3. Submit KYC 4. Receive Key
• Navigate to token.selfkey.org and
register your email address.
• You will receive a confirmation email
to complete registration.
• Read and accept the terms of the
token sale• Share your whitelisted ETH address
and requisite KYC documents and
answers
• Your KYC application will be
processed internally by the SelfKey
team, and you will receive a
notification when your application
has been approved, your KEY will be
unlocked after the sale.
• Send ETH only to the address
listed this page. Only this address
is official.
ID Wallet ChecklistIf you’re not ready, you can do this later.
Full Name
Email Address
Phone Number
4 Passport
5 National ID
6 Utility Bill
SelfKeyKEY
$951.44 USD
852.62781
1. Create Account
SELFKEYB L O C K C H A I N I D E N T I T Y W A L L E T
CREATE NEW WALLET
EXISTING WALLET
Token.SelfKey.org
ParticipateSend ETH to only the address posted after you complete KYC.
Do NOT send from a cryptocurrency exchange
Pay attention to the domain address token.selfkey.org is the only official site for token sale information - We will
ONLY share our address to send ETH in our KYC application when a process is finished.
Token.SelfKey.org
ParticipateKYC DETAILS: See Full List at: https://selfkey.org/kyc-policy
Individuals will share: A) A clear and legible copy of the front pages of your ID, B) A clear and legible copy of a recent rates or utility
bill or bank reference letter or bank statement or cell phone bill, or government document showing your name and residential
address.
Corporates will share: A) Certificate of Incorporation, B) Memorandum and Articles of Association, C) Register of Directors, D) Copy
of any shareholder nominee agreement, E) Copy of any power of attorney granted, F) List of all shareholders (any whom own more
than 10% of the company must submit the following) and directors (at least 2)
Notices
This communication is confidential and proprietary to the SelfKey Issuer LLC and may not be disseminated without prior express written
permission. No person has been authorized to give any information or to make any representations other than those contained herein.
This communication does not constitute an offer to sell or a solicitation of an offer to buy in any jurisdiction or to any person to whom it
is unlawful to make such offer or solicitation in such jurisdiction. Except as otherwise indicated, this communication speaks strictly as of
the date indicated on the front page, and any lack of an update is not an indication that there have been no changes since such date.
This communication does not purport to be all inclusive or to contain all the information that a prospective purchaser may desire.
See the Terms of Token Sale, Whitepaper, and KYC Policy for more information.
This communication contains and incorporates by reference certain statements relating to future events, intentions, beliefs,
expectations, and predictions for the future. Words or phrases such as “will likely result,” “are expected to,” “will continue,” “is
anticipated,” “we believe, we expect, estimate, project, may,” “will,” “intend,” “plan,” “believe,” “target,” “forecast,” “would” or
“could” (including the negative variations thereof) or similar terminology are based on the current expectations of the SelfKey
Foundation. There are a number of risks and uncertainties that could cause actual results to differ materially from these forward-looking
statements.
