SelfKey Progress Report for July 2021

SelfKey Wallet Updates

The SelfKey mobile Wallet v0.5.6 and the desktop Wallet v1.9.8 were released in July. 

Mobile Wallet v0.5.6

The latest version of the SelfKey mobile Wallet includes bug fixes and performance improvements. Here is the list of the major updates on this release:

• Made improvements to Passports and Residences Marketplace to create a smoother user experience.
• Fixed the app closing issue on some devices when trying to apply using the Passports & Residences Marketplaces.
• Fixed the BSC chain toggle issue that showed incorrect balances on some devices.
• Other minor UI and performance improvements.

Desktop Wallet v1.9.8

The latest version of the SelfKey desktop Wallet also includes some minor bug fixes and performance improvements. 

• Fixed the issue of ETH Gas price override when using WalletConnect.
• Improved KEYFI application check.
• Fixed the issue of export wallet error on a missing Keystore file.
• Other minor UI fixes and improvements.

Download the latest SelfKey Wallet now.

Distribution of KEY & KEYFI Airdrop for KEY Token HODLers on Binance Completed

After the successful completion of all the five snapshots concerning the KEY and KEYFI double airdrop, the distribution of the airdrop happened on 13th July through Binance.

In February, we announced eligible KEY hodlers on Binance would receive not one but two airdrops – KEYFI & KEY tokens.

Both the airdrops were planned with five snapshots, with the KEYFI token one happening on the 28th of each month starting from 28th February 2021, and the KEY token one happening on the 8th of each month starting from 8th March 2021.

The airdrop design was in such a way that the average holding of the user over the five snapshots was to be used for the airdrop distribution. Such a design primarily ensured that users could maximize their holdings over these five months. Moreover, it also helped users who missed a snapshot to participate in the airdrop by holding enough tokens that would make up for the missed snapshot.

We like to thank the SelfKey & KeyFi community for their active participation in both the airdrops and making these airdrops programs an immense success for SelfKey and KeyFi.

Read more about the distribution here.

Fresh content

Bridging Fiat and DeFi with the SelfKey Wallet

The latest version of the SelfKey Wallet allows users to purchase KEY tokens using their credit/debit cards. The integration with MoonPay thus allows SelfKey users to easily convert their fiat currencies to crypto, resolving a primary obstacle for an average user seeking to enter the DeFi space.

Read the full article here.

EIP-1559 – All You Need to Know

EIP-1559 is a core proposal to improve the efficiency of the transactions through the Ethereum network. Once implemented, the proposal will modify the ETH transaction process to a two-fee mechanism – A base fee amount, adjusted up and down by the Ethereum protocol, based on the congestion of the Ethereum network. A priority fee amount, used to compensate miners.

Read the full article here.

That’s all for this month. Stay safe, and Thanks for reading.