Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Blockchain Ecosystem Project TrustKeys Raises $4 Million From Strategic Investments

CryptocurrencyOct 14, 2021 04:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Blockchain Ecosystem Project TrustKeys Raises $4 Million From Strategic Investments

Decentralized Ecosystem Project TrustKeys is currently providing new use-cases with new features to DeFi users. With the number of DeFi users skyrocketing, the downloads of non-custodial wallets is on the rise at the moment. TrustKeys is an upcoming project with a decentralized non-custodial wallet managed by its parent company TKBlockchain which is based in the British Virgin Islands. The project has so far managed to raise $4 million from investors as it ramps up towards its full release. So far almost two rounds of fundraising have been completed with capital coming in from long-term strategic investors.

The presale is scheduled to end around the 27th of October and the public sale is expected to begin shortly after. As it stands the public sale should account for 8% of the total token distribution with the presale before it accounting for a lesser 5% total. The majority of the tokens-about 28%- will go to burning and marketing and the next largest portion at 20% will go to the team.

The token on offer is the project’s token TRUSTK. The total circulating supply from launch will be maintained at 1,000,000,000 tokens at any given time with 55% of the token being locked for the first five years. The TRUSTK token is a BEP-20 token for the Binance Smart Chain but when the Trustkeys Chain launches, it will be compatible with multiple chains.

A SuperApp And Ecosystem

TrustKeys is a blockchain-based solution to fragmented services on blockchain. By leveraging its ‘SuperApp’, the project aims to create a platform that amalgamates all the services you would ordinarily have to search for on multiple platforms. This begins with its wallet. Unlike traditional exchanges, the wallet based on TrustKeys is a non-custodial wallet. This means that it is secured by and belongs entirely to you. The wallet is secured with a 24-words key phrase, unlike traditional 12-word keys. According to its promotional video, if half of your seed was to be leaked, it would still take trillions of years to hack the rest(barring unnatural luck). The TrustKeys crypto wallet is available on the Play Store and Appstore for users to download and experience its use-cases.

Although the wallet only has crypto support, for now, there are plans in motion to implement NFT support native to the wallet. With NFTs currently being the hot topic in crypto, an NFT wallet that also supports multiple tokens and chains could be a huge selling point for the project.

Crypto-centric Social Media Platform And Hybrid Exchange

The platform will also have a social media and messaging platform. This most likely will never take the place of more popular social media in your life but it will serve to slowly become an aggregator of crypto news and like minds. The messaging platform will support disappearing messages and will be encrypted. Here the seed also comes into play. The messages will be encrypted on one end and can only be decrypted using the receiver’s key.

Finally, there will be a hybrid exchange native to the platform. A hybrid exchange is a middle ground between a centralized exchange and a decentralized exchange. Thus it will have many of the features native to both platforms. To begin with, the exchange will have spot trading on its platform and users will be able to trade a plethora of cryptocurrencies. However, it will not require KYC and extensive personal information like other exchanges.

Currently, the team is in the Q4 2021 section of its roadmap and if it is dependable, the IDO should be going live soon. The NFT marketplace is also scheduled for the first quarter of next year.

Continue reading on BTC Peers

Blockchain Ecosystem Project TrustKeys Raises $4 Million From Strategic Investments
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email