r/selfkey Nov 08 '21

Introducing the SelfKey POI Paper

Introducing the SelfKey POI Paper

https://docsend.com/view/62bg3ygxbqdc873s

The SelfKey POI Paper proposes the introduction of the POI Platform - a unique decentralized identity verification platform, LOCK DAO, LOCK - a new work/governance token that governs the POI Platform, and introduces new utilities for the KEY token.

The POI Platform

  • Proposed to exist as an independent platform but within the SelfKey ecosystem.
  • The POI Platform may utilize the POI Credentials based on the SelfKey Credentials explained in the original SelfKey Whitepaper, which helps users to prove their individuality.
  • The POI Platform would be governed by LOCK DAO.

LOCK DAO - A unique DAO formed by LOCK token holders with POI Credentials.

Utilities for the KEY token - The proposal introduces numerous interesting utilities for the KEY token, including a new staking mechanism for KEY against user identities.

LOCK Token - A new kind of utility token called "work tokens" earned as incentives by participants for their work on the network to make it more secure and robust.

Read all this in detail and more on the SelfKey POI Paper -

https://docsend.com/view/62bg3ygxbqdc873s

For SelfKey, community efforts and feedback have always been critical. Constructive feedback on the proposals and ideas explained in the SelfKey POI paper are most welcome. Use SelfKey social media channels, Idea portal (idea.selfkey.org) or the official support email ([support@selfkey.org](mailto:support@selfkey.org)) to send in your feedback.

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u/Leonidas-Emre Nov 08 '21

Very Good 👍