Skey Network is a legitimate 'Blockchain of Things' (BIoT) infrastructure project launched in 2021, but it currently struggles with minimal adoption and market value ($1.1M market cap, down ~99% from ATH). The submission contains grossly exaggerated claims (e.g., audience is 'everyone', 'most people have used my product'), which contradicts verifiable data showing <500 monthly web visitors and a niche user base. While the underlying technology of connecting physical assets (IoT) with blockchain access keys is technically sound, the project falls into the 'Minimal Traction' category due to lack of growth and poor response integrity.
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