How Keep3r Network Fits Every Business’ Technical Needs?

The Keep3r network is a registry designed to match organizations and other entities with technical professionals known as Keepers who can perform common tasks such as collecting agricultural produce. Specifically, the maintainer refers to an outsider, robot, and/or team performing a typically independent task, also known as a “job.” A task can be as simple as calling a transaction or as complex as it requires extensive off-chain logic. The domain of Keep3r Network is not the management of these businesses but the provision of matching services. Each Keeper sets up its own development and infrastructure and sets its own rules based on what it wants to do. To become a Keeper and receive KP3R rewards for completing tasks, a Keeper must “link” to a job. If a guard is selected for a job, he will receive a reward after successfully completing the job.

You can also read: Why Kava Is a Game-Changing Technology for Crypto Investors

What is Keep3rV1 (KP3R)?

Keep3rV1 is a decentralized platform designed to facilitate coordination between projects that require a source of external development operations and those that can provide the services they need. Basically, the project serves as a job board that facilitates interaction between job posters, such as decentralized financial protocols, and executives, known as Keepers. Keepers’ tasks range from sending and calling chain transactions to complete complex off-chain operations. Keep3rV1 uses an ERC-20 code, KP3R, to manage and reward Keepers.

What are Keep3rV1 (KP3R) tokens?

KP3R is the main token for the Keep3r network, and having more KP3R indicates a higher “reputation” on the network. For example, a job requires a person to collect products from a YFI contract. This can affect the price of various digital currencies and lead to people fleeing. So you want the person who does this to work for everyone and not be selfish.

This is where the KP3R token comes in. Those who perform tasks are rewarded with KP3R, the equivalent of gas spent on a transaction plus a premium, the amount of which depends on the complexity of the task. The more KP3R tokens you have, the more “famous” you are in space, and as a result, you can do higher-level tasks. It is also worth noting that there is a mechanism to disconnect your connected KP3R, if it turns out that you are a malicious actor. By default, this is connected as a KP3R, but you can detach it to make it a normal KP3R.

Advantages and disadvantages of keeping KP3R band

Benefits of keeping KP3R connected include:

• Higher bonds increase the types of jobs that custodians are eligible to pursue.
• Only KP3R bandwidth gives the government the right to vote.
• KP3R is not an exploitable link. This is the case if a Job introduces an exploit.

However, the downside of keeping KP3R linked is that you cannot immediately recoup ETH for Keeper transactions. This meant that Keepers had to keep the amount of ETH afloat on non-bond days. One solution for this is MetaKeep3r.

Who are the founders of Keep3rV1 (KP3R)?

Keep3rV1 was founded by Andre Kronje, a blockchain engineer and application developer who recently rose to fame after launching the DeFi yearn.finance project and the explosive growth of its governance token, YFI, which saw a 1,300-fold increase in value in its first period. Two months of existence in 2020.

Kronge previously served as head of innovation and technology at the Fusion Foundation, the organization behind the Fusion Protocol, where he spearheaded initiatives on decentralized programming, technology partnerships, and implementation. He has also served as Code Review Manager and contributor to Crypto Briefing, Chief Technology Officer at Fintech Freedom, and Chief Technology Officer at Shoprite Group, in addition to serving on Blockchain technology development plans for BitDiem, Cryptocurve, and Lemniscap.

Despite the incredible growth of yearn.finance and YFI, Kronge has stated that his goal in launching new platforms is to empower developers, not speculators, by providing easy-to-use design products and templates.

What makes Keep3rV1 (KP3R) unique?

Keep3rV1 seeks to reduce the maintenance of blockchain-based projects that use large numbers of smart contracts to power more 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 work together more efficiently.

The network relies on Keepers, which provide smart contracts, bots or scripts that can execute transactions or trigger events. To use this platform, a project submits an intelligent contract that is reviewed and approved by a Keeper who received the KP3R and locked it on the platform. Projects can set rules about whether guards may choose a job, such as the need for a minimum KP3R stock or a certain amount of work already done. Guardians in KP3R are rewarded for completing tasks, although a project may send ETH in exchange for KP3R-equivalent credits.

Kronge says Keep3rV1 has the added benefit of allowing it to develop applications that would not otherwise be possible, including MetaWallet – a smart contract wallet that requires no transaction or gas charges – and Unihedge – a loss reduction system. Permanent.

How many Keep3rV1 (KP3R) coins are in circulation?

Keep3rV1 has no pre-determined token offerings, and the project did not undergo an initial coin offering or token production event. Instead, KP3R is extracted when liquidity is provided to the platform through Uniswap. At the time of launch, Keep3rV1 was reported to have $5.5 million in cash. On the first day, that amount had already reached $9.8 million, with a production cost of $384,197.

The project treasury is maintained by the relevant guards who are responsible for the government. For each non-KP3R transaction on the platform, a fee of 0.3% is charged, which is distributed to the Treasury. If the platform government decides to produce and distribute them, the guards who complete their jobs will be rewarded with KP3R, after which they can participate in the shares to participate in the government or receive dividends.

In conclusion

Keep3rV1 seeks to reduce the maintenance of blockchain-based projects that use large numbers of smart contracts to power more 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 work together more efficiently.

The network relies on Keepers, which provide smart contracts, bots, or scripts that can execute transactions or trigger events. To use this platform, a project submits an intelligent contract that is reviewed and approved by a Keeper who received the KP3R and locked it on the platform. Projects can set rules about whether guards may choose a job, such as the need for a minimum KP3R stock or a certain amount of work already done. Guardians in KP3R are rewarded for completing tasks, although a project may send ETH in exchange for KP3R-equivalent credits.