Skey Network
SKEY
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Skey Network (SKEY) receives an overall score of 3.25/10, reflecting a severely dormant project with low liquidity and minimal active engagement, despite a baseline smart contract audit and absence of reported exploits. Active Development (2.0/10) shows a project with historical traction (mainnet launch in 2021) that has since stalled, with no verifiable updates or releases in 2024–2025. Community Support (1.0/10) is practically non-existent, evidenced by near-zero social discussion and a ~99.6% drawdown from its all-time high. Tokenomics (4.5/10) incorporates a deflationary utility model, though critical supply metrics, vesting schedules, and allocation distributions are undocumented in the sources. Market and Use Case (2.5/10) highlights micro-cap status (~$1M to $1.6M) and constrained trading volume, with no measurable adoption in IoT infrastructure. Team and Governance (3.5/10) indicates centralized control under Estonia-based BoTGlobal OÜ with minimal verifiable executive profiles and no DAO governance. Security and Audit History (6.0/10) remains the strongest component due to a clean 2021 Red4Sec audit of the core ERC-20 contract and no documented security incidents or regulatory actions, although newer ecosystem components remain unaudited. No qualifying red-flag cap applies.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Skey Network (SKEY)
Skey Network (SKEY) is a blockchain ecosystem project designed to integrate decentralized networks with Internet of Things (IoT) devices, physical assets, and smart infrastructure. Developed by BoTGlobal OÜ, an entity based in Tallinn, Estonia, the project deployed its primary token contract as an ERC-20 token on the Ethereum blockchain and launched an independent mainnet in November 2021. Within its ecosystem, SKEY is structured to facilitate technical functions such as generating NFT access keys, paying for node and account registrations, and supporting an AutoSwap mechanism where service providers purchase and lock SKEY to acquire technical settlement units.
Governance and technical management remain centralized under the operating company, with no token-holder voting mechanisms or decentralized autonomous organization (DAO) in place. The core ERC-20 smart contract underwent a security audit by Red4Sec in 2021, which reported no critical or high-severity vulnerabilities; however, subsequent ecosystem components and software products lack evidence of independent third-party audits or recognized continuous security ratings.
Skey Network faces several operational and market challenges. The token has experienced a severe price crash, dropping approximately 99.6% from its all-time high of $0.5535. It operates as a micro-cap asset with constrained trading liquidity, an inactive social community, and an absence of documented protocol upgrades, releases, or developer milestones throughout 2024 and 2025. Additionally, comprehensive supply distribution schedules and complete circulating supply figures are not formally documented in available disclosures.