Get up to $200 in crypto for getting started³ →
Coinbase Logo
Sign in
Keep Network logo

Keep Network price

(KEEP / USD)

Market stats

$142.4M

$637,470.09

-72.03%

793.5M KEEP

79% of total supply

17 days

53% buy
47% sell

#75

$296.45

+0.62%

+0.76%

-18.91%

Get crypto for getting started

Jump start your portfolio with free crypto after you sign up. Terms apply.

freeBtc

About Keep Network

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.

What Is the Keep Network (KEEP)?

Keep Network claims to be the future of blockchain privacy. As per the official website, the Keep network allows “private data to be used on public protocols without sacrificing confidentiality.” The whitepaper 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 smart contracts 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 decentralized gift card exchange. 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 cryptographic system that enables secure computation on distributed data without exposing it.

Keep's network is powered by the KEEP token. 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.

What Is the History of Keep (KEEP)?

The Keep network was founded by Matt Luongo 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 team introduced the network on 28 Sep 2017. The whitepaper was released on 27 Nov 2018. Coinbase Ventures is one of the investing organizations in the network.

How Are New Tokens Created in Keep (KEEP)?

The KEEP token can be purchased from exchanges or by earning a reward by providing liquidity to a pool. The Keep network does not stake for consensus as in proof of stake (PoS). Instead, it uses staking 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 revenue mechanisms 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 DeFi space.

How Many KEEP Tokens (KEEP) Are There in the Market?

There is a total supply of 999,848,781 KEEP tokens.

How to Buy the KEEP Token (KEEP)

The KEEP token is available for trading on Coinbase.com and Coinbase Android/iOS apps. Additionally, the tokens are supported on Coinbase Pro as well.

Keep Network is on the decline this week.

The price of Keep Network has fallen by 18.91% in the past 7 days. The price increased by 0.76% in the last 24 hours. In just the past hour, the price grew by 0.62%. The current price is $0.17935 per KEEP. Keep Network is 99.94% below the all time high of $296.45.

The current circulating supply is 793,457,834.679 KEEP.

Keep Network on social media.

Keep Network was mentioned in 80 out of 1,548,727 social media posts on Twitter and Reddit on Jul 02, 2022. 69 unique individuals are talking about Keep Network and it is ranked #562 in most mentions and activity from collected posts.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Keep Network in market cap.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Coinbase Bytes article