Key distribution isn't really something we're doing. Each user just keeps their own list of verified identities.
We're using the same system we inherited from TextSecure for encrypted SMS: Trust keys implicitly on first use, while encouraging users to verify them out of band.
The verification is handled by providing a screen that has your identity and what you think the recipient's identity is. If the recipient's identity matches what your app says and vice-versa, then you know you're talking to the right person.
Ideally, the verification would be done in-person or via another secure means of communication. Currently you can verify identities by just reading them out, or via QR code.