About Keep3rV1 Defi Coin
Keep3rV1 Defi Coin is a decentralized platform designed to facilitate the coordination between projects that need to source outside development operations and those who can provide those required services. Essentially, the project serves as a job board that facilitates the interaction between job posters, such as decentralized finance protocols, and job executors, known as Keepers.
The tasks performed by Keepers range from submitting and calling transactions on-chain to completing complex operations off-chain. Keep3rV1 uses an ERC-20 token, KP3R, for governance and to provide rewards to Keepers. The project was first announced on Oct. 22, 2020. It launched on the Ethereum mainnet in beta mode on Oct. 28, 2020.
Quick Fact About Keep3rV1 Defi Coin
|DEFI Coin Name||Keep3rV1 Defi Coin|
|Circulating Supply||200,001 KP3R|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To Visit|
|Twitter Group||Click Here To Visit Twitter Group|
|Documentation||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
What Makes Keep3rV1 Unique?
Keep3rV1 seeks to reduce the upkeep faced by blockchain-based projects that utilize large numbers of smart contracts to power increasingly complex systems. These projects often require external actors to complete tasks, and Keep3rV1 is designed to be a decentralized ecosystem for projects and developers to more efficiently work together.
The network relies on Keepers, who provide smart contracts, bots or scripts that are able to execute transactions or trigger events. To use the platform, a project submits a smart contract that is reviewed and approved by a bonded Keeper — one that has received and locked KP3R in the platform. Projects can set rules regarding which Keepers may take a job, such as requiring a minimum bonded stake of KP3R or a certain number of already completed jobs. Keepers are rewarded in KP3R for completing jobs, although a project may submit Ether (ETH) in exchange for KP3R-equivalent credits.
Cronje has said that Keep3rV1 has the added benefit of allowing for the development of DApps that would otherwise not be possible, including MetaWallet — a smart-contract wallet that does not require transactions or gas fees — and Unihedge — an impermanent loss mitigation system.
$KP3R actually launched at around USD$1 per token. However, due to speculators rushing in after hearing of a new Andre Cronje project, prices for the token shot up by 27x within 40 minutes- at around the rate of USD$1 per minute. As word quickly spread about KP3R, more people bought in for fear of missing out, resulting in prices skyrocketing even higher.
Prices reached an all-time high of USD$366.51 at around 6:00pm on 29th October 2020. Though as at the time of writing prices for the token have dipped a bit during this initial price discovery stage.
$Keep3rV1 Defi Coin is the local token for the Keep3r Network and having greater KP3R represents a better “reputation” withinside the Network. As an example, say a Job calls for a person to gather a harvest from the YFI contract. This undertaking ought to effect the expenses of various cryptocurrencies and cause humans the front running. So you need the character finishing this undertaking to behave withinside the pastimes of all people and now no longer be selfish.
This is in which the KP3R token comes in. Those who entire duties are rewarded with KP3R, this can be equal to the fueloline spent at the transaction plus a premium, the quantity of which relies upon at the complexity of the Job. The greater KP3R tokens you have, the better your “reputation” withinside the area and as a end result you may tackle better-give up jobs. It is likewise really well worth noting that there’s a mechanism for slashing your bonded KP3R in case you are discovered to be a malicious actor.
How Is the Keep3rV1 Network Secured?
Keep3rV1 Defi Coin is an Ethereum-based platform that utilizes KP3R, an ERC-20 governance token. This means that it relies on the Ethereum blockchain to validate any on-chain KP3R transactions. Ethereum uses a proof-of-work consensus algorithm in which miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted.
Within the Keep3rV1 platform itself, bonded Keepers are responsible for managing and approving jobs and for managing Keepers — including settling disputes and blacklisting bad actors, if necessary.
The project’s smart contracts were audited at the end of October 2020 by PeckShield, a blockchain security company, before it went live. The audit found that Keep3rV1 was “well-designed and engineered” and uncovered no critical security flaws, but it did identify some potential medium- to high-severity risks, which Croje stated have been logged and updated.
Where Can You Buy Keep3rV1 (KP3R)?
KP3R is primarily exchanged on Uniswap (V2), where it can be traded against WETH (WETH) and USD Coin (USDC). It is also available for purchase on Bilaxy, Binance and MXC.COM, where it can be traded on spot markets against Ether, Binance Coin (BNB) and Tether (USDT), respectively.
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