Paris, France – May 16, 2025 – In the sometimes tumultuous world of the crypto, the stories of community resilience force admiration. This is the case of Archethic, whose blockchain, after the dissolution of initial development entities, not only survives, but is transformed, propelled by a more determined community than ever. This new chapter is accompanied by a major announcement: the launch of the Byokey project and an opportunity for UCO tokens holders to convert their assets into shares of a future company aimed at securing digital identity in the era of the web3.
Community revenge: archethic in decentralized governance mode
Where many would have thrown in the towel, the Archethic community took its destiny in hand. Now ensuring the maintenance and evolution of blockchain, it proves once again that true decentralization lies in the strength of its active members. A particular tribute is paid to Philippe, a key craftsman of this transition. It is no longer just a project, it is an ecosystem that fights and builds its future, placing digital sovereignty in the foreground.
Byokey: the anti-user weapon and headache of the seed phrases
At the heart of this Renaissance, there is Byokey. This future secure digital identity solution tackles problems that any user of Crypto knows too well: the haunt of losing their seed phrase and the vulnerability of passwords. Byokey aims to eliminate these major friction and failure points thanks to new generation biometric safety technology.
Concretely, Byokey will offer biometric authentication (digital imprint + PIN in V1) coupled with a hardware device incorporating an Element NXP SE050E ELECTION (EAL 6+ and FIPS certified). The real innovation lies in the generation of “on the fly” cryptographic keys: no gross biometric data or private key is stored persistently after use. They are dynamically reconstructed with each authentication, a guarantee of security and confidentiality “Privacy-ST” in accordance with the GDPR.
Protected by five international patents (FR, US, China, India), Byokey technology does not stop there. It provides for a management of decentralized identities (DID) via its own network, byokey.net, designed to be complementary to the Archethic infrastructure. Compatible with the Fido2 CTAP2 standard, Byokey aims for fluid integration both in web2 and web3 ecosystems for individuals and for businesses. The objective: a really self-souveraine, simple and inviolable digital identity.
Token Uco: from utility to shareholding, a strategic conversion
For “Hodlers” and longtime Archethic contributors, this transition offers an attractive perspective. A conversion of the UCO tokens into actions of the future company byokey is on track. The idea? “Rebalance the initial conditions by valuing those who have actively contributed,” explain the project leaders. Collectively, UCO Converts will give rise to 20% of the capital of Byokey.
The main lines of this tokenomic and governance operation
Active bonus: 1% to 2% of the 20% envelope will be reserved for the most significant contributors. Ethics and eligibility: mainly for natural persons, with the signing of a commitment charter (respect, non-no-new). Exclusion of profiles having worked in the fall of previous structures. UCO burn: a massive “burn” of UCO is planned to clean up the offer and potentially revitalize the value of the assets. Ceiling: UCOs from mining are eligible up to 5% of the total envelope. Global conversion should not exceed 200 million UCO.
The road to follow and the expected transparency
UCO holders are invited to secure their tokens on Polygon or Ethereum. A mailing list and the archethic.net / byokey.com sites will serve as privileged information channels. What if Byokey (the company) was not seeing the light of day? In the event of the sale of patents, 20% of the net product would return to subscribers.
Archethic and Byokey are starting a new era. It is a demonstration of community force and a promise of tangible innovation in the critical sector of decentralized digital identity. A project to follow closely for anyone interested in the future of security and individual sovereignty in the web3.
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