Decentralize Early. Build Trust. Move Fast.
KeyRing empowers Web3 companies to establish transparent governance from day one—without slowing down development or breaking the bank.
Why Trust is the Real Problem
Despite billions invested, the Web3 ecosystem continues to suffer from trust deficits that hold back adoption and innovation.
Many security standards, such as SSL certificates, were needed to move web1.0 into web2.0. We still lack adequate trust layers to fully transition from web2.0 into web3.0.
The result? $3.5 billion lost in rug pulls in 2024 alone.
No Standards or Verifications
Without a standardized way to verify legitimacy, users are forced to trust every new project, token, or coin at face value. Many of these projects feature anonymous teams that could be hiding bad actors.
Centralized Admin Enables Scammers
Single operators of contracts create a point of centralization that allow for the vast majority of rug pulls, scams, and fraud in web3.
Even well intentioned-projects deviate from roadmaps and promises without accountability, leaving communities feeling betrayed.
Current Solutions Still Fall Short
Options like multi-sigs and DAOs are a step forward, but don't provide enough transparency into signers or provide ways to hold members, many anonymous, accountable.
These options also slow down decision making and are expensive to set up, particularly for early stage companies that need them most.
How KeyRing Changes Everything
KeyRing combines transparent oversight, reputation systems, and economic incentives to allow early teams to create real accountability—without sacrificing speed or breaking the bank.
Platform for Trust
Projects augment their smart contracts with KeyRing to set up a verified list or multi-signature structure on-chain. Anyone can verify this at any time, thereby shifting the need to trust in someone's word to trust in someone's code.
This standard and transparent approach allows projects to prove their commitment to users and build trust from day one.
Verifiable Accountability
Every signer is identity-verified through KeyRing first but can stay anonymous within the platform. Signers can be given incentives to speed up review, and all their actions are tracked on-chain in their reputation history.
This structure provides public accountability and reputation verification for all actions between signers and projects on the platform.
For Early Projects
Instead of slowly earning trust in the community and prove their track record, or setting up an expensive and sometimes cumbersome DAO, young teams and projects can now focus on building.
As trust becomes built-in, users, investors, and businesses feel safe to participate, unlocking Web3's full potential.
How KeyRing Works
Our token model aligns incentives between projects seeking transparency and key holders providing accountability services.
Projects Maintain Threshold Lists
Projects generate a list of signers on KeyRing to replace their centralized admin account and rewards these signers in KYRNG tokens for reviewing and approving project changes.- Projects get fast, decentralized approval of their changes and can demonstrate their accountability to their community.
- Projects deposit KYRNG, KeyRing's incentive token, to deploy a threshold list, and select signers to replace their centralized admin account.
- Each change a project wants to make needs to be approved by signers and paid for in KYRNG.
Signers Oversee and Earn Rewards
Verified signers review transactions, enforce rules, and maintain accountability for projects that add them to a threshold list.- Signers independently approve or reject a proposal by a project based on on-chain and contract analysis.
- Signers are rewarded with KYRNG that projects deposited for each verified activity, creating a transparent, community-owned ecosystem.
- Every good decision increases a signer's on-chain reputation score, leading to more opportunities and higher rewards.
Community Token Ownership
Token supply dynamically expands and contrasts through Boost Projects to respond to network demand and activity levels.
Circulating Supply
Majority of the token should be in the hands of the community, rewarding signers and decentralizing projects decision-making.
Treasury Reserve
Hold deposits from projects to systematically pay signers, burn tokens as needed, or sell to liquidity pools.
Team Allocation
Allows the team to bootstrap the ecosystem and fund Boost Projects - test projects to drive activity and release tokens to early signers.
