Keep Network
Crypto Overview
Project Overview
Keep Network is a privacy-focused infrastructure project launched in 2020 that enables private data storage and computation on public blockchains. The KEEP token serves as the network's primary utility token, used for staking, governance, and compensating node operators.
Intended Utility
The primary purpose of Keep Network is to provide privacy-preserving infrastructure for decentralized applications. It allows sensitive data to remain private while still being usable on public blockchains through a technology called 'keeps' - off-chain containers for private data. The KEEP token is designed to incentivize network participants who operate these nodes and maintain the infrastructure.
Actual Utility & Adoption
Keep Network has merged with NuCypher to form the Threshold Network (T), which focuses on threshold cryptography services. The KEEP token continues to have utility through a token swap mechanism to T tokens at a fixed ratio. The project maintains active development and has established partnerships with notable projects in the DeFi space.
Token Distribution & Governance
The initial token distribution allocated 25% to the team and advisors with a 4-year vesting period, 20% for ecosystem grants, and 55% for public sale and network operations. The vesting schedule and lock-up periods appear reasonable and designed to align long-term incentives.
Technical Implementation
The project demonstrates substantial technical development with regular GitHub activity. The core technology focuses on threshold cryptography and privacy-preserving computation, showing legitimate technological innovation rather than mere speculation.
Crypto Impact
To assign a comfort level investing in Keep Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Keep Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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You can change your vote if you change your mind.