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What is Keep3rV1 (KP3R)?
Keep3rV1 basic info
What is Keep3rV1 (KP3R)?
Keep3rV1 is a platform that aims to simplify the interaction between projects that require external development operations and those who can provide these services. It functions as a job board, connecting job posters, such as decentralized finance protocols, and job executors, known as Keepers. The tasks performed by Keepers can range from simple on-chain transactions to complex off-chain operations. Keep3rV1 utilizes an ERC-20 token, KP3R, for governance and to reward Keepers for their services. The platform is designed to alleviate the maintenance burden faced by blockchain-based projects that use numerous smart contracts to power complex systems.
How does Keep3rV1 (KP3R) Work?
Keep3rV1 is a decentralized platform that connects projects with external actors, known as Keepers, who can provide smart contracts, bots, or scripts to execute transactions or trigger events. To submit a job, a project must have its smart contract reviewed and approved by a bonded Keeper who has locked KP3R in the platform. Projects can set rules for job selection, such as requiring a minimum bonded stake of KP3R or a certain number of completed jobs. Keepers are rewarded in KP3R for completing jobs. Keep3rV1 also enables the development of DApps that might not otherwise be possible, expanding the potential use cases for decentralized applications.
How is the Keep3rV1 Network Secured?
Keep3rV1 is a platform that operates on the Ethereum blockchain and uses KP3R, an ERC-20 governance token, for on-chain transactions. The platform relies on a proof-of-work consensus algorithm, where miners compete to add new blocks to the blockchain, and a majority of nodes must confirm a record for it to be posted. Bonded Keepers are responsible for managing and approving jobs, as well as managing other Keepers and settling disputes if necessary. The project's smart contracts were audited by PeckShield, a blockchain security company, before going live, and the audit found no critical security flaws but identified some potential risks, which have been logged and updated.
KP3R supply and tokenomics
Uniqueness
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.
Token utility
Keep3rV1 is a project that 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.
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What is the development prospect and future value of KP3R?
The market value of KP3R currently stands at $11.83M, and its market ranking is #1130. The value of KP3R is not widely recognized by the market. When the bull market comes, the market value of KP3R may have great growth potential.
As a new type of currency with innovative technology and unique use cases, KP3R has broad market potential and significant room for development. The distinctiveness and appeal of KP3R may attract the interest of specific groups, thereby driving up its market value.