Keep Network PriceVote (0)
Keep Network (KEEP) price has increased today.
The price of Keep Network (KEEP) is $0.114965 today with a 24-hour trading volume of $88,665.72. This represents a 0.10% price increase in the last 24 hours and a 1.90% price increase in the past 7 days. With a circulating supply of 550 Million KEEP, Keep Network is valued at a market cap of $63,179,046.
What is Keep Network?
The Keep Network functions as a privacy layer for public blockchains by building bridges between public blockchains and private data. Their products include tBTC, which allows users to deposit Bitcoin and redeem an ERC-20 compatible version that can be used for DeFi protocols.
What are KEEP tokens?
The KEEP token is the network’s native token which will be used to power the network and support all future applications that will be built on it.
KEEP tokens are required to become a member of the network where members get to earn rewards for performing tasks. These tasks include the computation required to select and read associated off-chain data.
In order to be eligible to perform work, KEEP token holders must delegate KEEP tokens as collateral. Work opportunities are awarded randomly, but this will slowly move towards a system where more tokens delegated will result in more work opportunities. KEEP tokens holders will earn rewards that are proportional to the amount of tokens delegated.
On a general level, KEEP tokens provide a form of cash flow as users can receive fees for all activities that take place on the Keep Network.
How does the Keep Network function?
To act as a viable bridge between private and public data, Keep Network uses keeps, which are small off-chain containers for storing and securing data. Using this technology, Keep is able to offer a high level of interactivity with private data. By allowing dApps access to private data, Keep makes it possible to build even more innovative products on top of its network.
One of the first products that the Keep Network team have launched is tBTC, an ERC-20 compatible version of BItcoin on the Ethereum network. Users can mint tBTC by depositing Bitcoin into a deposit address. The network will accept the Bitcoin and call upon a selected group of signers from the pool of users that have delegated KEEP in order to verify and hold the deposited BTC. Once this is completed, users will receive tBTC on a 1:1 ratio. The minting process is reversible and users can convert their tBTC back into Bitcoin.
How do I get KEEP tokens?
Alternatively, users can earn more KEEP through fees collected by participating in the network and performing tasks.
Users can also join the ‘Play for Keeps’ program, by staking KEEP tokens and contributing as a community member to the Keep Network. Every month, a panel of community judges will recognize contributions that are eligible to receive KEEP tokens. The amount of tokens received are at the discretion of the judges and can range from 100 to 100,000 KEEP.
Where can you buy Keep Network?
KEEP tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Keep Network is Paribu, where the most active trading pair KEEP/TRY has a trading volume of $84,609.36 in the last 24 hours. Other popular options include Kraken and CEX.IO.
What is the daily trading volume of Keep Network (KEEP)?
The trading volume of Keep Network (KEEP) is $88,679.52 in the last 24 hours, representing a -45.90% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Keep Network (KEEP)?
The highest price paid for Keep Network (KEEP) is $6.10, which was recorded on May 15, 2020 (about 3 years). Comparatively, the current price is -98.10% lower than the all-time high price.
What is the all-time low for Keep Network (KEEP)?
The lowest price paid for Keep Network (KEEP) is $0.064431314166, which was recorded on Feb 28, 2023 (5 months). Comparatively, the current price is 78.40% higher than the all-time low price.
What is the market cap of Keep Network (KEEP)?
Market capitalization of Keep Network (KEEP) is $63,179,046 and is ranked #363 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of KEEP tokens (550 Million tokens are tradable on the market today).
What is the fully diluted valuation of Keep Network (KEEP)?
The fully diluted valuation (FDV) of Keep Network (KEEP) is $114,930,276. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion KEEP tokens are in circulation today. Depending on how the emission schedule of KEEP tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Keep Network compare against its peers?
With a price increase of 1.90% in the last 7 days, Keep Network (KEEP) is outperforming the global cryptocurrency market which is down -0.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of Keep Network today?
The community is bearish as more than 50% of users are feeling bad about Keep Network (KEEP) today.
How to add Keep Network (KEEP) to MetaMask?
Adding Keep Network (KEEP) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import KEEP as a token. You can copy KEEP’s contract address (0x85eee30c52b0b379b046fb0f85f4f3dc3009afec) and import it manually, or if you've installed MetaMask's chrome extension, add KEEP to MetaMask with one click on CoinGecko.
Add KEEP to MetaMask.