Keep3rV1’s KP3R token was one of the few altcoins that escaped the crypto market’s dismal trend this week.
While many digital assets fell as Bitcoin (BTC) retreated after setting a new all-time high last week, KP3R gained 31.60 percent versus the dollar and 44.17 percent against BTC between November 12 and November 19.
Let’s look at what fueled the stellar performance and what variables helped the cryptocurrency stand out in the face of the market’s dismal dynamics.
About Keep3rV1
Keep3r Network ($KP3R) is a “job matching” network for job postings searching for “Keepers” to help them with duties, as well as an incentive mechanism for all parties involved.
Keep3r Network began as a Medium piece and later a Twitter post by its author, Andre Cronje. Because of Cronje’s good name in the space (his first project, YFI, grew from zero to $300 in market capitalization in just two months, spawning the current DeFi wave), many people believe that whatever he touches turns to gold, so they “aped” in by purchasing the KP3R token as soon as it was listed on Uniswap. KP3R costs increased at a pace of roughly USD$1 per minute almost immediately after debut. As a consequence, information spread quickly on social media, and more individuals opted to participate since they didn’t want to lose out on this chance.
What is Keep3rV1 [KP3R]?
Keep3rV1 is a decentralized platform that makes it easier for projects who need to outsource development operations to coordinate with people who can supply those services. Essentially, the project is a job board that allows job posters, such as decentralized financial protocols, and job executors, known as Keepers, to communicate with one other. Keepers’ responsibilities include anything from submitting and calling transactions on-chain to conduct sophisticated off-chain processes. Keep3rV1 is governed by an ERC-20 token called KP3R, which is used to reward Keepers.
On October 22, 2020, the project was originally revealed. On October 28, 2020, it became live in beta on the Ethereum mainnet.
Who Are the Founders of Keep3rV1 [KP3R]?
Keep3rV1 was established by Andre Cronje, a blockchain technologist and app developer who gained notoriety with the introduction of DeFi project yearn.finance and the 1,300-fold rise in the value of its administration token, YFI, in its first two months of existence in 2020.
Cronje formerly worked at the Fusion Foundation, the organization behind the Fusion protocol, as the head of innovation and technology, where he oversaw decentralized apps, technological collaborations, and implementations. In addition to participating in blockchain technology development roles for BitDiem, Cryptocurve, and Lemniscap, he served as a chief code reviewer and contributor at Crypto Briefing, head of technology at fintech business Freedom, and head of technology at Shoprite Group.
Despite the phenomenal success of yearn.finance and YFI, Cronje has indicated that his objective in establishing new platforms is to empower developers rather than speculators by giving easy-to-use solutions and design templates.
What Makes Keep3rV1 Unique?
Keep3rV1 is a blockchain-based initiative that aims to lessen the maintenance burden for projects that use a large number of smart contracts to run more sophisticated systems. Keep3rV1 is a decentralized ecosystem that allows projects and developers to collaborate more effectively.
Keepers, who supply smart contracts, bots, or scripts that may perform transactions or trigger events, are essential to the network. A project must submit a smart contract that is examined and authorized by a bonded Keeper, who has received and locked KP3R in the platform. Projects can specify criteria by which Keepers are allowed to accept a task, such as a minimum bonded stake of KP3R or a particular number of previously completed projects. Keepers are compensated for completing work in KP3R, however, a project can submit Ether (ETH) in return for KP3R credits.
Keep3rV1 also allows for the construction of DApps that would otherwise be impossible, according to Cronje, such as MetaWallet, a smart-contract wallet that doesn’t need transactions or gas costs, and Unihedge, an impermanent loss mitigation system.
Where Can You Buy Keep3rV1 [KP3R]?
KP3R is mostly traded on Uniswap (V2), where it can be swapped for WETH (WETH) and USD Coin (USDC). It may also be purchased on Bilaxy, Binance, and MXC.COM, where it can be exchanged against Ether, Binance Coin (BNB), and Tether (USDT) on marketplaces.
Frequently Asked Questions
What Security Measures Does the Keep3rV1 Network Take?
Keep3rV1 is an Ethereum-based platform that uses the KP3R governance token (ERC-20). This implies that any on-chain KP3R transactions are validated using the Ethereum blockchain. Ethereum utilizes a proof-of-work consensus process, in which miners contend with one another to add new blocks to the blockchain, and a record must be confirmed by a plurality of the nodes in the network before it can be published.
Are there any quick ways to buy Keep3rV1 [KP3R] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of Keep3rV1 [KP3R] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact Keep3rV1 price and market cap.
Keep3rV1 Official website – https://keep3r.network/
Keep3rV1 Medium – https://andrecronje.medium.com/keep3r-network-v1-beta-20ab98c9e91a
Keep3rV1 Twitter – https://twitter.com/thekeep3r