ProBit Exchange has successfully closed out an $800,000 IEO for DeFi connector platform Smartkey. The full allocation of 30,000,000 SKEY sold out within a week, prompting the team to consider the launch of a Round 2 with a shortened duration before listing.
A flurry of IEO sold out campaigns was a primary catalyst for ProBit Exchange’s meteoric rise during the surging IEO sector and has remained a significant calling card for the 600+ clientele already onboarded.
More significantly, the SmartKey IEO was the only to feature on the token fundraising platform without ProBit’s staple quote currency bonuses aside from a 5% bonus chance for qualified participants meeting requisite purchasing criteria.
Smartkey is a blockchain project that aims to bridge the gap between DeFi and physical value with their core technology revolving around an API connector capable of bridging physical IoT devices as well as a DeFi connector tailored towards smart contract integration for Ethereum and Waves.
SmartKey has already bolstered their IoT use case with its partnership with top oracle platform Chainlink to equip emergency response teams with automated IoT services via real-world data feeds provided by oracles. Through the Blockchain of Things (BoT) space, this opens up smart-contract controlled activation of critical sensors and infrastructure during emergencies through the data feeds provided by the Chainlink Network and executed by SmartKey functionalities.
SmartKey also has a rapidly growing presence in the heavy crypto demographic in South Korea through a Kia partnership to capitalize on smart contracts to deliver features including car-sharing through blockchain-based digital car key storage and transfer.
SmartKey DeFi connector is a 2nd generation Blockchain Of Things “BoT” technology to manage access to physical services such as car rentals or Airbnb services with settlement by Ethereum or Waves Smart contracts.
SmartKey will be the main connector to the Ethereum blockchain world for communication with the company’s devices and will support the largest number of BoT integrations in the world by June 2021 with API support for over 12 million devices.
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