After a brief system upgrade and scheduled maintenance run, Binance is back up and running by wasting no time in adding another altcoin to the mix: SELFKEY (KEY Token).
The world's fourth most active crypto exchange by trading volume (although some are questioning this) is starting with two trading pairs KEY/BTC and KEY/ETH will be ready by June 27, 2018 at 6AM UTC.
— Binance (@binance) June 27, 2018
Here is our review of SelfKey:
And just a few days ago “SelfKey Identity Wallet App Launched Beta Version for Blockchain Self ID Project” was announced and now they are going to gain access to many more cryptocurrency traders, investors and users on the Binance platform. We know the values of freedom, privacy and wealth are at the top of SelfKey's goals with their identity wallet.
Many coins will experience the “Binance Effect” when getting added to the exchange as the price will spike and then usually settle after a few hours or days depending on the coin and the momentum of the markets typically.
Currently the market cap is sitting at $244 Billion while SelfKey's is 16.8 Million with a price of $.008344 that is up nearly 19% in the last 24 hours according to CoinMarketCap (this is the Binance Effect).
What do you guys think of Binance's decision to add SelfKey (KEY Coin) to the platform? Do you think the blockchain powered self-sovereign ID system for full user data ownership of their digital identity is going to be one of the tokens to make it through the rough 2018 bear markets?