SELF tokens Archives - ESelfKey https://selfkey.org/tag/self-tokens/ Self-Sovereign Identity for more Freedom and Privacy Tue, 28 May 2024 13:20:18 +0000 en-US hourly 1 https://selfkey.org/wp-content/uploads/2023/03/cropped-Selfkey-favicon-32x32.png SELF tokens Archives - ESelfKey https://selfkey.org/tag/self-tokens/ 32 32 ESelfKey ID Onboarding Guide https://selfkey.org/selfkey-id-onboarding-guide/ Mon, 20 May 2024 11:03:23 +0000 https://selfkey.org/?p=4990 In this guide, we will lead you through the process of obtaining your own ESelfKey iD, outlining the incredible benefits that await you upon successful completion. 

Highlights

  • How to Obtain a ESelfKey iD
  • ESelfKey iD Benefits
  • Conclusions

How to Obtain a ESelfKey iD

Prerequisites

Obtaining your very own ESelfKey iD is a simple process. You will need:

  1. A passport or a government-issued iD.
  2. A valid email address.
  3. A Laptop/PC with a webcam to successfully take a selfie. 
  4. Metamask wallet browser extension set up. For important details, please open the following link.
  5. MATIC in the wallet - instructions on how to obtain MATIC will be provided within the wallet.

These are crucial to verify your identity and ensure that you are indeed the individual you claim to be.

Please note that certain steps may take varying amounts of time to complete, ranging from a few seconds to several minutes. Your patience is appreciated as the process unfolds.

Step One: Getting started

The first step is to access ESelfKey DAO’s official website and connect your wallet. After your wallet connects, simply press the Metamask button to start your journey.

Step Two: Input Email Address and agree with Terms

Once you’ve completed the first step, you will be required to initiate the verification process. You must enter a valid email address and you must make sure to acknowledge ESelfKey DAO’s Privacy Policy by checking the box below.

Step Three: Invitation to join KYC Application

After completing the second step, you will receive an email from verification@kycs.ai, with the title “Invitation to join KYC Application”. 

Please make sure to also double check your spam folder if the email did not arrive. If you accidentally introduced a typo in the email address, you can try to send the invitation again.

The email should open to the following:

After clicking on the “Start the KYC application” button, you will be redirected to the application page, where you will begin the KYC (know your customer) verification process. 

The purpose of KYC in ESelfKey DAO is to verify the authenticity and uniqueness of each individual and confirm their claimed identity. This measure prevents users owning more than one ESelfKey iD and ensures that the ESelfKey DAO and its partners are sybil or bot-free.

Step Four: Connecting Wallet and Signing

Before beginning your KYC verification process, you'll be prompted to connect your digital wallet and provide a signature.

You're now starting the onboarding process. Please read each instruction thoroughly to successfully complete each step.

Step Five: ID Document verification

Before proceeding, it's essential to read and agree to the KYCS.AI Privacy Policy & Terms of Service. Make sure to scroll through the entire document for the next button to activate.

While verification via other devices is possible using a QR code, it's advisable to continue on a desktop or laptop.

A brief guide will be provided to demonstrate how to position your ID or passport for the desktop or laptop camera to capture a photo. Alternatively, you can upload the document directly from your computer.

It's crucial that the document is clear, fully visible, not tilted, and not cropped. If the upload fails, please make sure the guidelines are followed and attempt the upload again.

Step Six: Selfie Check

The next, and one of the most crucial steps in the process, is the selfie check. Given that the number of attempts is limited to only three, you must be extra cautious to respect the following guidelines before pressing the photo button: 

  1. Make sure that you are facing the camera directly.
  2. You must be in good light, so that all your features are visible.
  3. Position your face close enough to the camera to fit within the oval guide provided.

Step Seven: Details and Information

After passing the selfie check, you will be required to confirm the following: 

Please make sure that the fields are filled in correctly before continuing to the next step.

Following this, you will need to confirm additional details, such as your date of birth, nationality, and country of residence. These fields must be completed before proceeding to the next step.

The final step will be to review the information you've submitted for accuracy. Once you submit the form, you won't be able to make any further changes.

Step Eight: Verification and Onboarding

The verification process can take a few minutes up to a few hours but if all is well, your application will be approved. If you’ve successfully completed the KYC process, you will receive an email redirecting you to selfkey.app.org.

Make sure you thoroughly read, understand, and agree with the terms of service before proceeding.

Step Nine: Claiming your ESelfKey iD SBT

Once you've finished the preceding step, you'll be able to claim your ESelfKey iD. This involves an additional selfie check as an added security measure. 

Please make sure that the additional selfie matches the one taken during onboarding and that you check the agreement box before proceeding. 

With this final step, you’ve completed your onboarding.

If you’re experiencing any issues during or after obtaining your ESelfKey iD, please make sure to open a support ticket. ESelfKey DAO is here to provide assistance every step of the way, as promptly as possible.

ESelfKey iD Benefits

Congratulations on obtaining your very own ESelfKey iD SBT! Now that you’re a valued member of ESelfKey DAO, it is vital to take note of all the perks and benefits you can enjoy as a proud ESelfKey iD user.

Claiming SELF tokens

Upon completing onboarding, each new ESelfKey iD user has the opportunity to claim a generous 50 SELF tokens to ignite their journey. This gesture serves as a token of appreciation and a heartfelt welcome from ESelfKey DAO. 

However, the initial 50 SELF tokens must be manually claimed by the user, ensuring active participation in the process. 

Redeeming Invite Code

Each ESelfKey iD holder receives a unique invite code, which remains usable indefinitely. This code offers one of the simplest means to accumulate SELF tokens while also fostering the growth and expansion of the DAO.

To benefit, users merely need to distribute their code among friends, family, and acquaintances. For each eligible member successfully onboarded into ESelfKey DAO using this code, both the user and the referred individual stand to potentially qualify for SELF tokens.

With the invite code's indefinite usability, it presents an exceptional chance for active members to consistently build their SELF holdings over time.

Credential Locking

Within the ESelfKey iD framework, Credential Locking serves as an added layer of security for online identity verification. This process typically involves the following steps:

  1. Users must provide a selfie as part of the initial KYC (Know Your Customer) procedure.
  2. For continued access to ESelfKey DAO, users undergo additional selfie checks.
  3. Upon successful check, users receive a credential that can be locked using KEY. This verification procedure ensures the authentication of users' identities, potentially enhancing their digital security.

By securing KEY on their credentials, users actively contribute to fortifying the security of the ESelfKey DAO ecosystem and may have the opportunity to mint SELF tokens themselves.

Conclusions

Through the development of cutting-edge digital solutions, ESelfKey DAO aims to erect barriers against cyber threats that could result in identity theft. One such solution could be ESelfKey iD.

Leveraging the remarkable capabilities of artificial intelligence, ESelfKey iD stands ready to counter the risks posed by data breaches and identity theft. Moreover, it offers unique advantages and presents opportunities for active members of the ESelfKey DAO community.

If you're prepared to enhance your digital identity management, seize the opportunity to acquire your very own ESelfKey iD today!

Stay up to date with ESelfKey on Discord, Telegram, and Subscribe to the official ESelfKey 

Newsletter to receive new information!

Note:

We believe the information is correct as of the date stated, but we cannot guarantee its accuracy or completeness. We reserve the right not to update or modify it in the future. Please verify all information independently.

This communication is for informational purposes only. It is not legal or investment advice or service. We do not intend to offer, solicit, or recommend investment advisory services or buy, sell, or hold digital assets. We do not solicit or offer to buy or sell any financial instrument. 

SELF and KEY tokens, SBTs, and NFTs associated with the ESelfKey ecosystem have no monetary value or utility outside of the ESelfKey ecosystem, are not ascribed any price or conversion ratio by ESelfKey and its affiliates, and do not represent ownership interests or confer any rights to profits or revenues. 

These tokens should not be purchased for speculative reasons or considered investments. By engaging with ESelfKey, you acknowledge and agree to the applicable terms and any associated risks. We recommend consulting with legal and financial professionals before participating in the ESelfKey ecosystem and related transactions.

This document may contain statements regarding future events based on current expectations. However, some risks and uncertainties could cause results to differ. The views expressed here were based on the information that may change if new information becomes available.

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The ESelfKey DAO Marketing POD https://selfkey.org/the-selfkey-dao-marketing-pod/ Thu, 04 Jan 2024 13:54:10 +0000 https://selfkey.org/?p=4959 Summary

ESelfKey DAO is on a mission to revolutionize the world of digital identity management and it needs your help to spread the word. 

As part of its community-driven approach, ESelfKey DAO has introduced the Marketing POD—a dynamic initiative that empowers volunteers to play a vital role in spreading excitement about the project.

In this article, we will delve into the details of the Marketing POD, token generation for social activities, essential guidelines, legal requirements, and the significance of SELF tokens. 

Let's embark on this journey to understand how you can contribute to ESelfKey DAO's mission and claim SELF tokens while doing so.

The Marketing POD: An Introduction

The Marketing POD is an exciting new initiative within ESelfKey DAO, designed to harness the power of the community in promoting the project's goals and values. 

As a Marketing POD volunteer, you'll have the opportunity to make a significant impact by sharing your enthusiasm for ESelfKey DAO with the world. But how exactly can you get involved? Let's explore the steps to kickstart your journey.

Token Generation for Social Activities

One of the core features of the Marketing POD is the ability for participants to claim SELF tokens for specific social media activities. SELF tokens are an essential component of the ESelfKey DAO ecosystem, and by participating in the Marketing POD, you may claim them while contributing to the project's success. Here's how it works:

Have a ESelfKey.iD

To get started, you must have a SelfKey.iD, which serves as your gateway to participation. If you don't have one yet, you can easily obtain it by following this link.

Spread Excitement

Your primary role as a Marketing POD volunteer is to share your excitement about ESelfKey DAO with the world through social media. You can create posts on platforms such as Twitter, Facebook, or Instagram to promote ESelfKey DAO and its mission.

Eligibility for SELF Tokens

Your efforts won't go unnoticed! Depending on the impact of your social media activities, you may be eligible to claim SELF tokens as a sign of appreciation for your dedication.

Accumulating SELF Tokens

Now let's talk about how you may claim your SELF tokens. By posting about ESelfKey DAO on social media (platforms like Twitter, Facebook, or Instagram), you have the opportunity to accumulate SELF tokens. Here's how it works:

Initial Post

Create an original post about ESelfKey DAO, present it to ESelfKey DAO via a support ticket, and if the post is according to the guidelines, you may claim one SELF token. You can post as many posts as you want, if they are within the guidelines (see below), they might be accepted. Please note that your social media posts must contain the following link "app.selfkey.org".

One-Week Check-In

Return after one week, provide proof that your initial post is still visible, and you may accumulate one more SELF token.

Engagement Bonus

You may claim an additional 0.1 SELF token for every one point of engagement on your post. Engagement includes views, likes, shares, or comments.

Please note that the actual number of SELF tokens you can accumulate is at the sole discretion of ESelfKey DAO. It's essential to understand that the Marketing POD is an experimental initiative. Therefore, the results mentioned here may be subject to change.

Additionally, there are other ways you can participate in initiatives opened by ESelfKey DAO to accumulate SELF tokens. If you’d like to learn more, please follow this link.

Conclusion

The Marketing POD of ESelfKey DAO presents an exciting opportunity for you to actively contribute to the project's success, all while accumulating SELF tokens as a sign of appreciation for your efforts. 

By following the guidelines and legal requirements, you can play a crucial role in spreading the word about ESelfKey DAO and its mission.

Remember, participation in the Marketing POD is about creativity, engagement, and adherence to the principles outlined in the ESelfKey DAO Legal Documents and Marketing POD Guidelines. Make sure to stay updated with any changes and always act responsibly and ethically when representing ESelfKey DAO in your social media activities. 

Your commitment can make a significant difference in advancing the world of digital identity management.

Join the Marketing POD today and be a part of the ESelfKey DAO community-driven revolution. Together, we can shape the future of digital identity management!

Stay up to date with ESelfKey on Discord, Telegram, and Subscribe to the official ESelfKey 

Newsletter to receive new information!

Note:

We believe the information is correct as of the date stated, but we cannot guarantee its accuracy or completeness. We reserve the right not to update or modify it in the future. Please verify all information independently.

This communication is for informational purposes only. It is not legal or investment advice or service. We do not intend to offer, solicit, or recommend investment advisory services or buy, sell, or hold digital assets. We do not solicit or offer to buy or sell any financial instrument. 

SELF and KEY tokens, SBTs, and NFTs associated with the ESelfKey ecosystem have no monetary value or utility outside of the ESelfKey ecosystem, are not ascribed any price or conversion ratio by ESelfKey and its affiliates, and do not represent ownership interests or confer any rights to profits or revenues. 

These tokens should not be purchased for speculative reasons or considered investments. By engaging with ESelfKey, you acknowledge and agree to the applicable terms and any associated risks. We recommend consulting with legal and financial professionals before participating in the ESelfKey ecosystem and related transactions.

This document may contain statements regarding future events based on current expectations. However, some risks and uncertainties could cause results to differ. The views expressed here were based on the information that may change if new information becomes available.

]]>
How to Qualify for SELF - ESelfKey DAO's Bug Bounty https://selfkey.org/how-to-qualify-for-self-selfkey-dao-bug-bounty/ Mon, 02 Oct 2023 13:58:28 +0000 https://selfkey.org/?p=4894 Summary

ESelfKey DAO aims to be an active, balanced and positive environment with the goal to facilitate secure interactions between its members. 

Because active participation is what makes a DAO thrive, ESelfKey DAO has opened an opportunity for its participants to qualify for SELF tokens. Members may achieve this by helping to identify technical glitches and errors that hinder the optimal use of ESelfKey DAO products.

In this article, we’ll walk through all the steps you need to take in order to take part in this exclusive “bug hunt”. Additionally, we’ll discuss how you may qualify for SELF tokens through your consistent and active participation in the ESelfKey DAO. 

Highlights

  • The ESelfKey DAO - Benefits and How to Become a Member
  • The Bug Bounty 
  • Other Ways To Qualify For SELF Tokens
  • Conclusions

The ESelfKey DAO - Benefits and How to Become a Member

Introduction to the ESelfKey DAO

With a focus on digital identity security and Self-Sovereign Identity (SSID), ESelfKey DAO’s vision is to become a network of individuals with the common goal to contribute to a more secure decentralized future. 

As opposed to some centralized systems, which rely on a single authority to control and manage the private data of all individuals which take part of it, ESelfKey DAO strives to have no centralized authority. The aim is to maintain fairness, transparency and equality among its members, by encouraging every individual to participate in the governance process. 

Additionally, ESelfKey DAO is focused on minimizing private data exposure during engagement between individuals online. The intent is to enhance digital identity security and mitigate the risks associated with data breaches and identity theft. 

For a more in-depth presentation of the ESelfKey DAO, please visit the following link.

How to become a member of the ESelfKey DAO

In order to become a valued member of the ESelfKey DAO you must fulfill certain requirements. For instance, you must be of legal adulthood in your respective country. 

Additionally, you must own a ESelfKey iD, which you can obtain simply by visiting this link and connecting your digital wallet. 

Please note that in order to obtain a ESelfKey iD, you must provide legal, authentic documents and a selfie as proof of individuality. The purpose of this is to preserve digital security within the DAO.

What is a ESelfKey iD?

A ESelfKey iD is a revolutionary method of digital identity management aimed at enhancing your digital security through the minimization of data sharing, or through the use of zero-knowledge filters. 

With a ESelfKey iD, you may participate in the ESelfKey DAO and enjoy the benefits which come with owning and using one, such as the possibility to vote the unlocking of the SELF token.

Additionally, ESelfKey iD owners may qualify for and mint SELF tokens by participating in certain actions aimed at enhancing the security, well-being and overall balance of the DAO.

What makes a DAO thrive is consistent, active participation from its valued members. Therefore, ESelfKey DAO provides this opportunity to its esteemed members to qualify for more SELF by taking part in the Bug Bounty.

The Bug Bounty 

What’s the Bug Bounty?

ESelfKey DAO presents the Bug Bounty initiative, inviting members to actively spot and report technical glitches, errors, or bugs within ESelfKey DAO products. 

This endeavor seeks to foster community involvement, ensuring ESelfKey DAO’s tools function optimally. It may not only enhance product reliability, but participants also stand a chance to qualify for additional SELF tokens.

In the Bug Bounty, members can submit errors they stumble upon while using ESelfKey DAO products.

Who can submit bugs?

This opportunity is exclusively available only to eligible members of the ESelfKey DAO. 

Please note that in order to benefit from this engagement proposal, you must be a ESelfKey iD owner, otherwise you will not qualify for SELF tokens.

How to submit bugs?

At the moment, active members can only submit bugs via the official ESelfKey DAO discord group. If you aren’t part of it, you are welcomed to join by clicking on the following link.

There is a dedicated channel on discord where you can submit errors or bugs and in which you can open a ticket.

 

Please take note of the following requirements before submitting a bug report:

  • Make sure that the bug isn't already listed in the known-bugs channel. Support will not take duplicates into consideration.
  • Provide a detailed step-by-step walkthrough and screenshots for bug reproduction. The report needs to be clear and contain precise information on the error.
  • Please include essential technical details, such as OS and browser versions, with your report.
  • Only bugs found on app.selfkey.org and selfkey.org web apps will be accepted at the moment.

How will support handle the bug reports?

After you’ve made sure you have correctly submitted a bug report, please wait patiently for support to handle the process. If your submission respects the requirements listed above, you will be informed. 

Support will check and determine if you qualify for SELF tokens, including the amount of SELF you may be eligible for if your submission is accepted. The severity* of the bug you’ve reported will have a huge influence on determining how much SELF you may qualify for:

  • For one minor bug - 1 SELF
  • For one medium bug - 3 SELF
  • For one critical bug - 10 SELF

*Please note that support will determine the severity of the bug.

Be aware that the quantity of SELF tokens you may be eligible for bug report submissions may vary over time. Stay updated and continue contributing to ensure you benefit from this initiative.

Additionally, if support determines you qualify for SELF, you will see the respective tokens in the DApp.

Other Ways To Qualify For SELF Tokens

Given that decentralization is against having a single authority control and manage the whole system, ESelfKey DAO values participation from all members. The purpose is to include members by inviting them to contribute to the development of the DAO. 

Therefore, ESelfKey DAO has opened another opportunity for participants to qualify for SELF tokens. 

As stated above, you must be a ESelfKey iD owner in order to participate in the ESelfKey DAO and benefit from the privileges it offers. By introducing an eligible member to the ESelfKey DAO, you may qualify for more SELF. 

It is indeed as effortless as that - simply invite another eligible member to become part of the thriving ESelfKey DAO, and you may be eligible for SELF tokens yourself.

Conclusions

DAOs may also provide numerous benefits for its active participants, including the ability to vote for changes in the benefit of the whole community, and have their voice heard. 

In turn, active participation and consistent engagement from members are vital for a DAO to function properly and to thrive over time. 

If you want to participate in the ESelfKey DAO, get your very own ESelfKey iD and join a community of like-minded individuals!

Stay up to date with ESelfKey on Discord, Telegram, and Subscribe to the official ESelfKey 

Newsletter to receive new information!

Note:

We believe the information is correct as of the date stated, but we cannot guarantee its accuracy or completeness. We reserve the right not to update or modify it in the future. Please verify all information independently.

This communication is for informational purposes only. It is not legal or investment advice or service. We do not intend to offer, solicit, or recommend investment advisory services or buy, sell, or hold digital assets. We do not solicit or offer to buy or sell any financial instrument. 

SELF and KEY tokens, SBTs, and NFTs associated with the ESelfKey ecosystem have no monetary value or utility outside of the ESelfKey ecosystem, are not ascribed any price or conversion ratio by ESelfKey and its affiliates, and do not represent ownership interests or confer any rights to profits or revenues. 

These tokens should not be purchased for speculative reasons or considered investments. By engaging with ESelfKey, you acknowledge and agree to the applicable terms and any associated risks. We recommend consulting with legal and financial professionals before participating in the ESelfKey ecosystem and related transactions.

This document may contain statements regarding future events based on current expectations. However, some risks and uncertainties could cause results to differ. The views expressed here were based on the information that may change if new information becomes available.

]]>
ESelfKey iD Credential Locking https://selfkey.org/selfkey-id-credential-locking/ Fri, 12 May 2023 12:05:24 +0000 https://selfkey.org/?p=4427 Summary

The concept of digital identity has been adopted worldwide as a means for people to present themselves and operate in the online space. 

Whether it’s for work, studying, or simply communicating, individuals are able to engage with one another from any corner of the world. But, because of the elusive nature of the internet, it’s difficult to tell whether an individual is who they claim to be. 

This could make engaging with others in the online space rather challenging, even if they are verified. Users may unintentionally share their private information with bad players who could use them for personal gain. Malicious individuals may get access to services or carry out illegal activities in the victim’s name. 

Even more, identity fraud or fake, AI-generated digital identities could influence polls and the decision-making process of a system. All of this could lead to devastating consequences for those whose digital identity has been compromised. 

To prevent this, ESelfKey proposes the following online identity verification solutions: ESelfKey iD and Credential Locking, or proof of humanity locking

ESelfKey iD is an innovative online identity verification method which may provide several benefits compared to traditional KYC checks. The process may be less costly, safer and more secure, so that every individual can benefit from its advantages.

This article will be focusing on how ESelfKey iD and credential locking may provide a more accessible means for individuals to authenticate themselves online from all over the world. Through this method, and with privacy and security in mind, ESelfKey is aiming to contribute to the development of a safer, decentralized future. 

Highlights

  • The Importance of Digital Identity Security
  • SelfKey’s Proposed Online Identity Verification Solutions
  • ESelfKey iD and Credential Locking: How it works
  • The Benefits of ESelfKey iD and Credential Locking
  • Conclusions 

The Importance of Digital Identity Security

Why the safety of digital identity is crucial

Similar to our physical identities, our digital identities encompass all the information that describe us as individuals, such as: name, birth dates, full addresses, social security numbers, personally identifiable information (PII), or personal health information (PHI). 

Nowadays, digital identities have become an integral part of our lives. From social media accounts to online banking, we rely on digital identities to conduct our daily activities. Thanks to the speed and efficiency of the internet, we are able to do these activities at a much faster pace. 

However, with the convenience of digital identities comes the risk of identity theft, which can have severe consequences for individuals and organizations alike. Digital identities can be compromised at any moment, either by: 

  • cyberattacks which lead to data breaches, or
  • accidentally clicking on a link messaged by a friend or family.

Browsing the internet from the comfort of our own homes may give us the illusion of safety. However, the theft of our digital identities is as alarming as having our physical wallets, with all of our personal documents inside, stolen.

Let us explore some of the negative impacts identity theft can leave us with.

The consequences of identity theft

Identity theft occurs when someone steals another person's personal information, such as their name, address, social security number, or financial details, with the intention of using it for fraudulent purposes. 

The consequences of identity theft can be devastating for the victim, including financial losses, damaged credit scores, and reputational harm.

Moreover, bad players can use stolen digital identities for a wide range of criminal activities. For instance: accessing sensitive information, opening fraudulent bank accounts, and committing tax fraud. These activities can have severe outcomes for the victim and even lead to legal consequences for the perpetrator.

The dangers of sharing private information online

Sharing private information with unknown individuals is also a significant danger when it comes to digital identities. 

Cybercriminals often use social engineering tactics to trick individuals into sharing their personal information. Some methods include phishing emails or fake websites. Once they obtain this information, they can use it to commit identity theft or other fraudulent activities.

This leads us to a serious concern that individuals all around the world are facing nowadays: a lack of proper security measures

What can be done, then?

Identity theft and fraud are becoming more common in the digital world, and many individuals struggle to confidently operate online. 

Despite privacy and security being fundamental human rights, most centralized systems still lack adequate security measures. Ideally, a decentralized environment where individuals can exercise their Self Sovereign Identity rights would help prevent data theft. By giving individuals ownership of their private information, cyberattacks would be less likely to succeed.

Given this, SelfKey recognizes the importance of developing decentralized solutions that may allow individuals to operate safely in the digital world. Below, we will thoroughly touch upon ESelfKey’s proposed solutions.

SelfKey’s Proposed Online Identity Verification Solutions

ESelfKey iD is an innovative and cost-effective online identity verification method designed to be more accessible than traditional KYC checks. The lack of recurring fees makes it accessible to every individual who wishes to authenticate themselves online. 

ESelfKey iD uses the power of artificial intelligence (AI) in its online verification process, providing an extra layer of security. In addition to AI-powered verification, ESelfKey iD offers credential locking as a possible solution that may prevent identity fraud and access by fake, AI-generated digital identities. 

All in all, with its focus on security, accessibility, and innovation, ESelfKey iD may become a leading solution for online identity verification.

ESelfKey iD and Credential Locking: How it works

ESelfKey aims to develop a simple and quick online identity verification method. That is why ESelfKey ID is meant to be not only cost-effective, but also user-friendly. This way, individuals may find it more accessible and easy to use.

Credential Locking, or proof of humanity, is a digital identity verification method used to establish that an individual is unique and real. It is used as part of the online identity verification process to confirm that an individual is not a bot, a fake account, or an identity thief.

The process

In the context of ESelfKey iD, Credential Locking may be used as an additional security measure for online identity verification. The following steps may be required:

  1. Users must provide a selfie during the initial KYC process. 
  2. To access ESelfKey services, users are required to go through additional selfie checks. Their selfies will be compared to the original one taken during the KYC process. 
  3. If the selfies match, users will be granted a Credential that can be locked with KEY. This verification process ensures that users' identities are authenticated and that they have a secure digital identity

By locking KEY on their Credential, users contribute to the security of the ESelfKey ecosystem. 

How will this provide security on the web?

SelfKey's Credential Locking method may not only provide a secure identity verification process but it may also offer several additional benefits to users. For instance:

  • By locking their credentials, users may access exclusive features and services within the ESelfKey ecosystem. This means that users who have locked their credentials may have a higher level of trust and reputation within the network. This may allow them to benefit from additional functionalities that are not available to all users.
  • Moreover, locking credentials may also allow users to accrue SELF tokens as a sign of their reputation within the ESelfKey ecosystem. Users can mint SELF tokens only if they can prove their identity by providing a matching selfie during the verification process. This will maintain the security of users’ digital identity and ensure that the ESelfKey ecosystem remains robust and secure.
  • Furthermore, users can only withdraw their original KEY tokens if they can provide a matching selfie during the withdrawal process. This may provide an additional layer of security and ensure that unauthorized users cannot access a user's tokens. 

Why provide selfies?

The purpose of providing selfies for the actions stated above is to ensure the users’ digital safety by verifying that they truly are who they claim to be. KEY and SELF tokens can thus be withdrawn or minted only after the user will have been able to successfully verify their identity

The goal is to create a system in which users won’t have to worry about identity thieves or fake, AI-generated images being used to compromise their digital assets. By providing selfies, users may ensure that their accounts are secure and their privacy is not violated. ESelfKey’s AI-powered proof of individuality method may be the ideal solution in achieving this goal. 

The Credential Locking method, therefore, may provide a secure and reliable system for identity verification, which benefits both users and the ESelfKey ecosystem as a whole. By locking their credentials, users may:

  • protect their digital identity.
  • access exclusive features.
  • contribute to the security of the ESelfKey network.

The part AI plays

To enhance security in its online identity verification solutions, ESelfKey uses AI-Powered Proof of Individuality to facilitate the selfie matching process. 

AI may prove to be particularly advantageous in this context, as its precision allows for the detection of several crucial factors:

  • an individual's liveness.
  • identity forgery.
  • fake, AI-generated images.

This ensures that the identity verification process is secure and reliable. And that's because AI technology is capable of detecting any fraudulent attempts to game the system. Additionally, it can make sure that the selfies provided during the verification process are authentic

By using AI-Powered Proof of Individuality, ESelfKey may be able to provide a trustworthy and robust system for digital identity verification, which is critical in today's digital world.

The Benefits of ESelfKey iD Credential Locking

As stated above, digital identities have become a target for malicious players that seek to exploit others for personal gain. And, with the weak security in some centralized systems, it’s crucial that we look for alternatives. 

Given this, ESelfKey's credential locking method may provide a robust, reliable, and decentralized method for identity verification. It may offer the level of security and privacy that is critical in today’s digital world. Individuals may benefit from peace of mind and ensure that their digital identities are protected from fraudulent activities.

Even more, unlawful access to one’s personal accounts may become very challenging due to the extra layer of protection added by AI. Simply providing a true, authentic selfie can achieve all of this.

Conclusions

The rise of data breaches and identity theft has highlighted the need for a trustless and secure environment for online interactions. Individuals need to have confidence in the systems they use to protect their personal information to ensure the security of their digital identities. 

Unfortunately, centralized systems may fail to provide proper security measures, which often lead to data breaches involving identity theft.

With the use of ESelfKey iD Credential Locking, a much safer network may be available in the future. By locking their credentials, users may prevent identity theft and fraud. Not only that, but they may gain access to exclusive features and services within the ESelfKey ecosystem. 

SelfKey's goal is to develop a secure and trustless environment for online interactions. And that is highly important nowadays, as we become more and more accustomed to operating in the digital world.

Stay up to date with ESelfKey on Discord, Telegram, and Subscribe to the official ESelfKey Newsletter to receive new information!

Note:

We believe the information is correct as of the date stated, but we cannot guarantee its accuracy or completeness. We reserve the right not to update or modify it in the future. Please verify all information independently.

We use the "KYC" term here for general information purposes, without reference to particular legislation. Please check the laws relevant to you and contact us for the details. The term "staking" is used solely as it is described here and does not mean any investment or similar activities.

SELF and KEY tokens, SBTs, and NFTs associated with the ESelfKey ecosystem have no monetary value or utility outside of the ESelfKey ecosystem, are not ascribed any price or conversion ratio by ESelfKey and its affiliates, and do not represent ownership interests or confer any rights to profits or revenues. These tokens should not be purchased for speculative reasons or considered investments. 

By engaging with ESelfKey, you acknowledge and agree to the applicable terms and any associated risks. We recommend consulting with legal and financial professionals before participating in the ESelfKey ecosystem and related transactions.

This communication is for informational purposes only. It is not legal or investment advice or service. We do not intend to offer, solicit, or recommend investment advisory services or buy, sell, or hold digital assets. We do not solicit or offer to buy or sell any financial instrument. 

This document may contain statements regarding future events based on current expectations. However, some risks and uncertainties could cause results to differ. The views expressed here were based on the information that may change if new information becomes available.

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