What Is the Keep Network (KEEP)?
KEEP is the native token of the Keep network. It powers the network and secures it from malicious attacks. Thus, it keeps the network permissionless and censorship-resistant. If you’re interested in the Keep Network price, check out the graph above.
Corbin Pon and Matt Luongo developed the Keep crypto project in 2017. They are also the founders of Fold, which is a Bitcoin rewarding application. In essence, Keep is a privacy layer. It allows users to store their private information on a public blockchain safely.
Besides, it provides developers with the possibility of creating fully decentralized projects. tBTC is one of the most popular projects created on Keep. tBTC is an ERC-20 token. However, it’s backed by BTC and pegged to its price. Therefore, it’s an Ethereum-compatible version of Bitcoin.
The Usage of KEEP tokens
First and foremost, KEEP tokens are important for anyone who wants to join the Keep network. You have to own Keep network tokens to become a member. The members of the network can earn rewards by completing various tasks. However, to be able to do that they have to delegate their KEEP tokens as collateral.
Though note that the Keep Network price tends to fluctuate due to various factors influencing the market. Thus, you should monitor these fluctuations to stay as informed as possible.
There are various tools that help with price monitoring, such as the chart above. It will help you keep an eye on the KEEP price and provide you with other details.
Besides that, Keep network coins can be staked. Though there are a few ways to stake them:
- Staking KEEP on the Threshold. You can upgrade your tokens into T tokens to stake them on the Threshold. Though you can also stake them on the Threshold in their original form;
- Staking KEEP in liquidity pools. You can provide liquidity by staking KEEP in various liquidity pools this way generating staking rewards;
- Staking KEEP in the coverage pool. By depositing your KEEP into the coverage pool, you’ll be able to secure the network and generate additional rewards.
Also, the Keep network has a few useful tools for KEEP tokens – Keep Token Dashboard and Keep Stats. The dashboard allows users to manage and stake their tokens, whereas the stats tool provides a summarized version of the KEEP price and the tBTC price statistics.
Besides, apart from earning KEEP by staking tokens in the Keep network, you can also participate in a gaming-like platform launched by the network called Playing for Keeps. Basically, users have to stake their tokens, and this way they can earn rewards.
