What is Keep3rV1?
KP3R is the native token of Keep3rV1, which is a decentralized protocol that operates like an employment website. The platform allows projects to outsource development from users offering the required expertise. Teams or individuals can sign up to find jobs while others seek the services. Simply put, Keep3rV1 allows those seeking and providing services to interact without going through an intermediary.
Find out the current KP3R price on the Keep3rV1 price chart featured above.
Keep3rV1 is powered through smart contracts that allow participants to register as keepers (those who can complete a job or a task). The contracts enable process automation and allow keepers to operate more flexibly. For instance, a keeper can indicate when they are available or occupied with a task.
In essence, Keep3rV1 works just like a job board. People who offer services can find available jobs, while those looking to outsource expertise can find teams or individuals providing such services.
The protocol’s decentralized nature empowers the community members to participate in securing the platform. Thus, keepers are incentivized to offer the best services despite being allowed to create their own rules. This decentralized model also ensures the community can access the performance history of keepers and select the most appropriate keepers for their tasks.
The bare minimum for getting a job on Keep3rV1 is registration on the protocol. For every task completed, keepers receive rewards in ETH or KP3R tokens. Besides, just like keepers can configure their services, those seeking for the services can customize their requirements for keepers.
Additionally, note that some tasks on Keep3rV1 may require keepers to have a certain amount of KP3R tokens bonded, a certain amount of fees earned, or a certain work period on the protocol. Keepers who have worked on the platform for a long time are able to gain more earnings, rank higher, and get selected for well-paying verified projects more often.
Who Founded Keep3rV1?
The Keep3rV1 crypto project was launched in October 2020. It's the brainchild of blockchain engineer and developer Andre Cronje. Cronje has an extensive experience with the development of dApps. He is famous for working with yearn.finance, a popular DeFi project. Besides that, he has previously worked at Fusion Foundation, BitDiem, and Crypto Briefing.
What Can You Do With KP3R Tokens?
Primarily, KP3R serves as the utility token of the Keep3rV1 network. Firstly, keepers can bond their KP3R tokens to enhance trustworthiness among those seeking for their services. Bonding is similar to token lock-up. Another use case for Keep3rV1 coins is to cover fees for jobs done by keepers. In addition to that, KP3R also serves as the network’s governance token, which allows holders to participate in the decision-making process considering the further development of the Keep3rV1 crypto project.
KP3R Tokenomics
KP3R is based on Ethereum's ERC-20 token standard. The token is supplied gradually via Ethereum’s largest DEX called Uniswap. It has no supply limit and it was not pre-mined.
Transactions on the protocol using KP3R do not incur fees. Non-KP3R transactions, on the other hand, incur a 0.3% fee, which is deployed for the protocol's governance. Clearly, KP3R is not deflationary. The project's primary aim is to enhance productivity and streamline interactions between job seekers and providers, rather than rising the KP3R price.
