The Block • Sep 25, 23
Solana DePIN projects aim to take gig economy to next level
DePINs provide a revenue-generating opportunity analogous to today’s gig economy, according to Solana Foundation DePIN lead Kuleen Nimkar.
Keep Network can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Keep Network has fallen by 2.38% in the past 7 days. The price declined by 1.56% in the last 24 hours. In just the past hour, the price grew by 0.12%. The current price is $0.0858 per KEEP. Keep Network is 99.97% below the all time high of $296.45.
The current circulating supply is 949,135,001.28 KEEP.
KEEP is an Ethereum token that powers the Keep Network, a platform that aims to bridge public blockchains and private data. One of Keep Network’s first products is an Ethereum token that represents 1 Bitcoin, called tBTC. Keep Network enables users to deposit Bitcoin and redeem tokenized tBTC, which can then be used in the Ethereum ecosystem without centralized intermediaries.
Keep Network claims to be the future of privacy. As per the , the Keep network allows “private data to be used on public protocols without sacrificing confidentiality.” The claims that the Keep network makes marketplaces for digital goods like video and audio files, direct. Without Keep, online marketplace exchanges require complex protocols. The Keep network solves the mismatch between transparency of public blockchains and autonomous for private data. In simple words, it is an off-chain container for personal data. The network enables the usage of private data without exposing the contracts to the public blockchain. Thereby, confidentiality is maintained in the Keep solution, as it is a genuinely decentralized protocol.
The network was formulated from the Fold app, a . Eventually, the Keep team realized the need to securely store private data like credit scoring, health records, etc. on Ethereum, thus bringing privacy to the blockchain. There is an inherent third-party risk in such a network since private data is secretly managed in a black box. As a solution to this third-party risk, the Keep network uses secure multi-party computation (sMPC). sMPC is a system that enables secure computation on distributed data without exposing it.
is powered by the KEEP . The token is required to become a member of the network. The KEEP is a work token that grants the right to perform critical functions in the network by delegating collateral of the token. The utility of the token is such that it is proportional to the amount delegated, taking into account the user's commitment to the network. Initially, the minimum stake will be high and then decrease overtime. The Keep ecosystem has an autonomous incentive design and is not behavioral. It means that the Keep members must approve any app for work in the ecosystem depending upon the parameters and requirements. Work is the availability and computation of a node required to select, pull, and read associated data in the Keep network. To sum up, the ecosystem ensures that the Keep system cannot be exploited by opting out or decoding the private data in the protocol by the users.
The Keep network was founded by and Corbin Pon in 2017. Luongo is the CEO of Thesis, the crypto venture production studio of Keep. The head of the product is Doug von Kohorn, who has been an entrepreneur for over a decade.
The KEEP token can be purchased from or by earning a reward by providing liquidity to a pool. The Keep network for consensus as in . Instead, it uses for work selection, relying on a host chain like Ethereum for consensus. Consequently, rewards are earned by staking KEEP to participate in the KEEP ecosystem. The nodes can be operated by self or by delegating the KEEP to a staking provider. The token's utility is based on the user's commitment to the network. In other words, those with more "skin in the game" earn greater rewards.
There are three streams of in the Keep dashboard. They are earning, staking rewards, and liquidity rewards. Earning is the ETH received as a reward when it is bonded with the KEEP staking delegation. As a result, more is earned when more ETH is bonded. On the other hand, staking rewards are earned when more KEEPs are staked. Apart from earning and staking, the third category of revenue is earned by providing liquidity to certain pools outside the Ethereum space.
There is a total supply of 999,848,781 KEEP tokens.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Keep Network is $81.45M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Keep Network is $296.45. This all-time high is highest price paid for Keep Network since it was launched.
Over the last 24 hours, the trading volume of Keep Network is $72.31K.
The current circulating supply of Keep Network is 949 million.
The median time that Coinbase customers hold Keep Network before selling it or sending it to another account or address is 7 days.
Keep Network ranks 108 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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