Crypto Currency News & Gist

📈 2Key Network In-Depth Review & Rating is online!

▶️ Read the full review at the following link: https://cryptocalibur.com/2key-network-review/

The team at 2key have created a social economy supported by blockchain technology that provides a new economic model for online sharing and rewards the various participants involved in the dispersion of online content and link sharing. 2key uses multi-step tracking technology that makes it possible to track and record each person involved in a link-sharing chain. The protocol also acts as a Layer 2 scaling solution for Ethereum and incorporates Action Referral Contracts (ARCs) which are novel, patent pending solutions which see 2key’s multi-step tracking technology being natively integrated into the blockchain infrastructure. Each Contract run on the network issues its own batch of ARCs, which act as a native web 3.0 multi-step referral and conversion tracking mechanism, which can also be viewed and interfaced with by using any ERC20-compliant client. As a result, ARCs can perform self- tracking and play out 2key smart-contracts as they are distributed online using any web3.0 wallet which supports ERC20 tokens. Read more

✅ Review Rating ✅

Product | 85%
Use of Blockchain | 90%
Documentation | 85%
Development Roadmap | 80%
Business Model | 80%
Company & Team | 85%
Final Rating | 84% (🔥 2# on Top 10 List)

2key Network is another intriguing project with a solid use case and the team are setting out to disrupt the online advertising and referral marketing sectors that have become entirely dependent on large centralized operators. The technology that supports the network is impressive and represents the innovative use of blockchain technology and smart contracts in our opinion. The ability to embed smart contracts into regular HTTP links greatly simplifies the revenue sharing model with regards to referral marketing and does away with the need for any intermediaries.

The project also contains a number of team members with specific industry experience and founders eiTan LaVi and Erez Ben-Kiki have significant experience in online marketing and the more complex aspects of administering and tracking online content. The project also incorporates a comprehensive token model with 2key tokens being used to pay for fees on the network, and engage in staking, and the team have also committed to locking up tokens long term which should prove to be beneficial.

Despite these positives, there are still areas of concern and some points to consider. Firstly, although 2key may be able to benefit from “first mover” advantage and gain serious traction, it may prove harder than expected to consistently attract users and draw people away from modern day giants such as Google and Facebook. Furthermore, while the digital marketing sector continues to grow at a fast pace and generate large amounts of revenue, blockchain projects operating in that niche are still trying to establish themselves with possibly only Steem and Basic Attention Token being seen as standout successes.
As a result, we are still unsure just how much value can flow into the network within its early stages, and with investors in the project only being given access to 15% of the token supply via tokensales, a significant amount of tokens are expected to be held by network participants. Furthermore, 40% of tokens will be held in reserve by the team and will require sensible management in order to guarantee the stability of the token economy. The project’s early success may very much depend on the team’s initial marketing strategies and partnerships which are still to be revealed, and the right campaigns will capture the crucial early adopters amongst the crypto and digital marketing communities. A successful tokensale will also give the team more of a runway, and allow the development of a “war chest” for taking on the established players. As a result, 2key Network is one to keep an eye on, and the project may become even more interesting as the team begin to detail their go to market strategy and plans for securing adoption.

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