What is Keep Network? Keep Network (KEEP) is a privacy-focused blockchain project that allows users to create decentralized applications (dApps). In this article, you can find answers to frequently asked questions such as what is the Keep Network, what it offers, how it works, how to get KEEP coin, what is it used for. As Kriptokoin.com, we have compiled it for you.
What is Keep Network? What does KEEP offer?
Keep Network is a blockchain network that provides privacy-focused DeFi and dApp services. The native cryptocurrency of the network is the KEEP coin. The project aims to create a computer network that stores private user data on public blockchains using smart contracts. Besides, it allows developers to create dApps through the platform. The first dApp built on the network is tBTC, which acts as a bridge between Bitcoin and Ethereum. tBTC is the tokenized version of Bitcoin, the largest cryptocurrency.
The platform encrypts and stores private user data. On public blockchains like Ethereum, private user data is required to create a decentralized application (dApp). Keep Network does not store private data on the blockchain, but instead in off-chain storages called “keeps”. In this way, users can transact to create dApps without transferring their private data to blockchains.
Additionally, the platform combines Betting games and DeFi. Users can get Keep coin rewards by participating in betting games. Currently, the Project is working to integrate into Ethereum 2.0, a major milestone in Ethereum’s roadmap. In this way, it will be able to offer faster and more secure smart contracts to its user base.
What is KEEP coin? What is it used for?
KEEP coin is the native cryptocurrency of the Keep Network network. The maximum supply of the token is set at 1 billion, giving holders the opportunity to stake. The token acts as a payment method for encryption and storage of user data. KEEP coin is also required to transact via smart contracts on the network. In addition, crypto money has a staking feature. Users can obtain token rewards at maturity by locking their KEEP holdings for a certain period of time.
At the time of writing, the asset was the 151st largest cryptocurrency with a market cap of $425.7 million. In addition, 653 million KEEPs are in circulation, corresponding to 65% of the total supply. Crypto.com, which is among the exchanges with high trading volume, recently started to list KEEP. This could cause the price of the cryptocurrency to rise.
How to get KEEP coin?
Keep Network continues to evolve in protecting user data with its privacy-oriented structure and services. KEEP coin is backed by secure exchanges with large trading volume. Exchanges listing the token include Binance, Coinbase, and Kraken. Interested investors can purchase KEEP by signing up for one of these exchanges and depositing money.