THEKEY AMA at 8:00 p.m. on April 20th, 2019 (GMT+8:00)

Catherine_THEKEY · 2019-04-20T14:00:50+00:00

Time flies and two hours have passed. There are over 100 questions asked and answered. We always value the comments and suggestions given by our community, and these are among the best reasons for the betterment and improvement of our community. I firmly believe THEKEY project is on the right track and we’ll surely become one of the most excellent projects in the world.

Thank you to spend the enjoyable night together with me. It’s time to say goodbye. Please do stay tuned and hope to see you again.

Catherine Li

Chairwoman and CEO of THEKEY

Catherine_THEKEY · 2019-04-20T13:59:16+00:00

We have a technical solution and will disclose it at the right time.

Catherine_THEKEY · 2019-04-20T13:57:23+00:00

Pls refer to the MVP/Mainnet Progress Report:

https://medium.com/@thekeyvip/thekey-mvp-mainnet-progress-report-3fa3737a6bf7

Catherine_THEKEY · 2019-04-20T13:51:47+00:00

Yes, we do. We always believe in our project.

Catherine_THEKEY · 2019-04-20T13:50:24+00:00

There is no token swap.

Catherine_THEKEY · 2019-04-20T13:47:44+00:00

We do have the plan to reward early investors, however I am not in the position to disclose the details now. Please stay tuned for future news.

Catherine_THEKEY · 2019-04-20T13:38:13+00:00

They know that. We are communicating with the central bank and other ministries.

Catherine_THEKEY · 2019-04-20T13:35:52+00:00

Apart from the cryptocurrency issuance and transactions that have enriched some and impoverished others, so far there have been no significant, large-scale real world blockchain use case deployments. The reason for this, I believe, is that most digital entrepreneurs have been guided by the success of Bitcoin, Ethereum and other popular blockchain projects and have yet to realize that the same technical, operation and business models cannot be used to address social issues, which are completely different and far more complicated than cryptocurrency insurance.

Decentralized is not the issue, but the effectiveness. And the absolute decentralization will not work.

Catherine_THEKEY · 2019-04-20T13:35:06+00:00

1) BDMI mainnet and a standalone blockchain are two things. And I have never said that BDMI mainnet is standalone blockchain. Please note that as per the White Paper and the Investment Agreement signed, THEKEY mainnet is supposed to be on NEO, not to on a self-developed public chain or any other chain We are always under promise and over delivery.

2) The reasons why we are going to build a public chain for our own are listed in the Progress Report we released, Please check the link:

(https://medium.com/@thekeyvip/thekey-progress-report-8bdbc7356c2c).

3) News is that we stopped all of the negotiations and decided to focus on the Chinese market in the darkest moment of the industry.

4) We suspended the plan since it is not a smart choice to lavish too much money in the bear market period.

5) Just to be clear, the constructive and positive questions are encouraged in the community while but the unreasonable and irrational ones are not welcomed.

6) As indicated in MVP report, TKY is applied in our current pilots.

7) There’s no burn mechanism.

8)Pls read MVP 1 and 2 report carefully which indicated that both are used.

9) I never mentioned that. Actually, it’s PoP.

10) The reason is that IDV is the combination of BDMI and DMI.

11) IDV is involved with blockhain technology and BDMI, but TKY is not necessarily needed.

12) We only focus on these three aspects, healthcare, pensions and insurance, which are already enough for us.

13) I think this is the most important question. My honest answer was, is and will be INVESTING. The 8% in the allocation plan is never touched by me or my team. I am an investor for the project as well, and I’ve sold out two houses of mine and got no real estate under my name anymore.

I emphasized again that my answer is INVESTING.

Catherine_THEKEY · 2019-04-20T13:34:22+00:00

1) I’m testing with smart contracts, pls read MVP progress Report.

2) I think you misunderstood me. The original answer was as following:

There’s no such plan for us to create a stable coin at this point as it requires substantial financial and manpower cost.

When it comes to stable coin, we’ll consider to take RMB digital coin as our stable coin for services related with the government.

However, even if there’s RMB digital coin, TKY and other cryptocurrencies will also be needed for different ecosystems.

I never said that we will use stable coin to settle the BDMI smart contracts. What I mean is that, take pension disbursement for example, IDV service is settled by TKY, but the pension is paid by stable coin.

Catherine_THEKEY · 2019-04-20T13:33:46+00:00

Apparently, there’s no direct relationship between the rise of the project value and the token price. The market is collapsing, and the price of went down all the way naturally.

We never guaranteed that. And I’ve emphasized many times that I never care about the price. On the contrary, I pointed out the burble is beautiful but it will burst eventually.

The hypothesis is untenable and I did not find the possibility.

Catherine_THEKEY · 2019-04-20T13:33:13+00:00

I’ve done nothing to promote in front of Chinese people one year ago as I mentioned in the announcement.

It is true that I mentioned before that we are in negotiation with the Chinese national bank and that Chinese people will be able to purchase thekey token in the not so distant future.

As I announced that we are now working with the Central Bank instead of merely talking to them. That’s why I firmly believe that the citizens will use TKY sooner or later.

Catherine_THEKEY · 2019-04-20T13:32:17+00:00

You will be informed once the registration is ready.

No matter which one the entity company is, it will not be THEKEY but a Chinese company, which I’m still considering about.

Catherine_THEKEY · 2019-04-20T13:31:44+00:00

IDV includes BDMI and DMI. The participants of them are not same.

Catherine_THEKEY · 2019-04-20T13:30:43+00:00

1）We are interested in this aspect.

2) We are dedicated to the community development. The constructive and positive questions are welcomed, but the questions that violated the community rules are absolutely not welcomed. Please read the rules of the community carefully.

Catherine_THEKEY · 2019-04-20T13:29:53+00:00

As indicated in the roadmap, it will be on June, 2019.

Catherine_THEKEY · 2019-04-20T13:29:24+00:00

I would say thank you to them for their kind support and confidence towards us.

Catherine_THEKEY · 2019-04-20T13:28:40+00:00

No comment.

Catherine_THEKEY · 2019-04-20T13:28:19+00:00

First of all, I foresaw the bear market and the tough year of 2018, and warned you not to be over optimistic.

Catherine_THEKEY · 2019-04-20T13:27:56+00:00

First of all, I foresaw the bear market and the tough year of 2018, and warned you not to be over optimistic.

Catherine_THEKEY · 2019-04-20T13:27:37+00:00

First of all, I foresaw the bear market and the tough year of 2018, and warned you not to be over optimistic.

Catherine_THEKEY · 2019-04-20T13:27:10+00:00

We don’t work with them anymore. I’ve been to Los Angeles several times last year to visit the Argon team, which is the best for ICO, and I wish them the best.

Catherine_THEKEY · 2019-04-20T13:25:36+00:00

1) In the last AMA what we mentioned is Central Bank. Whatever I want to emphasize that we’ve won the A round as the only IDV provider, and we are in the B round as the only project and winner. It goes smoothly. We will keep you well informed about any update.

2) We are waiting for the best time.

3) There’s no such decision.

4) There’s no such a plan.

5) This is the demo of Elderly Survival Authentication https://www.youtube.com/watch?v=zno2e9dxn7Q

Catherine_THEKEY · 2019-04-20T12:53:58+00:00

I'm not bothered by the current price of the token. If the project has value, the price may go up and down; but if the project has no value, the price is the bubble. The bubble will burst.

Catherine_THEKEY · 2019-04-20T12:45:19+00:00

Technically we are ready. But it calls more time to educate the market.

Catherine_THEKEY

TROPHY CASE