KeyRing: Solving Web3’s Trust Problem

With cryptocurrency fraud causing $5.8 billion in losses in 2024 alone, according to the FBI’s 2024 Internet Crime Report, it is no surprise that Pew Research found most Americans have little or no confidence that cryptocurrencies are reliable and safe.

The trust problems facing web3 today are not new. Early internet users faced the same issues before SSL certificates became standard. Before secure transactions were routine, fraud was common, trust was low, and ideas like online banking or e-commerce were often dismissed. Once secure transactions became the norm, trust followed, and adoption accelerated. Today, web3 still faces that same trust gap.

To help solve this, we built KeyRing.

KeyRing helps projects decentralize earlier by removing one of the biggest barriers to adoption: trust without verification. New projects often cannot support a DAO because they do not yet have a large community. They also struggle to use traditional multisignature processes, because established community members are unlikely to vouch for a project they do not know. That gap creates an opening for bad actors, and users are the ones who pay the price.

KeyRing removes that excuse. Projects can immediately use KeyRing’s Hedera-based multisignature process to begin decentralizing from day one. To make review easier, our agentic signers generate clear summaries of the proposed changes being submitted, so non-technical signers can quickly understand what they are reviewing.

Behind the scenes, KeyRing separates records from actions. When information needs to be stored in a way that can be searched and referenced by other parts of the system, we use HCS-2 indexed. When the goal is simply to notify an agent or kick off a workflow, we use HCS-2 non-indexed. This helps us keep important records easy to find while allowing agent-driven tasks to move quickly and efficiently.

That is where you come in.

We need multisignature signers to help review project updates moving through the KeyRing process. In return, signers can earn KeyRing and LYNX while helping projects decentralize in a safer and more transparent way.

From the 13th to the 17th, signups are open for users who want to become multisignature signers. Users can get started through open signup by interacting with our Boost Lists, our project’s version of airdrops. Users who want to begin earning LYNX, backed by BTC, ETH, HBAR, and more, can complete KYC through Sumsub.

From the 17th to the 20th, the LYNX contract will be available for review and signing. During this period, users can earn even more LYNX and KeyRing while helping Lynxify take another step toward decentralization.

Join now: keyring.lynxify.xyz/signers