Keep3rV1

Halal Rating :
Questionable
Last Price $27.85 Last updated:
Rank 1136
1D Change 5.75 %
Market Cap $11.84m
Circulating supply 425,178
Maximum supply None

Crypto Overview

Categories
  • DeFi
  • Yearn Partnerships
  • Fantom Ecosystem
  • Olympus Pro Ecosystem

Overview

Keep3rV1 (KP3R) is a decentralized job coordination platform launched in 2020 by Andre Cronje, a prominent figure in the DeFi space. The platform aims to connect projects that need external development operations (jobs) with technical professionals (Keepers) who can perform these tasks.

Intended Utility

The primary purpose of KP3R is to serve as a job marketplace and coordination token within the Keep3r Network. Projects can post jobs that need to be completed, and Keepers can bond KP3R tokens to become eligible to perform these jobs. Upon successful completion of tasks, Keepers receive rewards in KP3R tokens or other cryptocurrencies.

Actual Utility

The platform is actively used within the DeFi ecosystem, particularly for automating various tasks such as harvesting yields, executing limit orders, and maintaining protocol operations. Notable projects using Keep3r Network include Yearn Finance, Cream Finance, and other DeFi protocols.

Token Distribution and Governance

The token distribution of KP3R was conducted through a fair launch mechanism with no pre-mine for the founders. The token supply is inflationary, with new tokens being minted as rewards for Keepers performing jobs. The project demonstrates strong governance mechanisms where KP3R holders can participate in decision-making regarding protocol updates and job specifications.

Development Activity

The project maintains active development with regular updates to the protocol. The GitHub repository shows consistent contributions, and the team continues to implement improvements and new features to enhance the network's functionality.

Crypto Impact

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