Keep3rV1 priceKP3R

What is Keep3rV1 (KP3R)?

Keep3rV1 is a platform that aims to simplify the interaction between projects that require external development operations and those who can provide these services. It functions as a job board, connecting job posters, such as decentralized finance protocols, and job executors, known as Keepers. The tasks performed by Keepers can range from simple on-chain transactions to complex off-chain operations. Keep3rV1 utilizes an ERC-20 token, KP3R, for governance and to reward Keepers for their services. The platform is designed to alleviate the maintenance burden faced by blockchain-based projects that use numerous smart contracts to power complex systems.

How does Keep3rV1 (KP3R) Work?

Keep3rV1 is a decentralized platform that connects projects with external actors, known as Keepers, who can provide smart contracts, bots, or scripts to execute transactions or trigger events. To submit a job, a project must have its smart contract reviewed and approved by a bonded Keeper who has locked KP3R in the platform. Projects can set rules for job selection, such as requiring a minimum bonded stake of KP3R or a certain number of completed jobs. Keepers are rewarded in KP3R for completing jobs. Keep3rV1 also enables the development of DApps that might not otherwise be possible, expanding the potential use cases for decentralized applications.

How is the Keep3rV1 Network Secured?

Keep3rV1 is a platform that operates on the Ethereum blockchain and uses KP3R, an ERC-20 governance token, for on-chain transactions. The platform relies on a proof-of-work consensus algorithm, where miners compete to add new blocks to the blockchain, and a majority of nodes must confirm a record for it to be posted. Bonded Keepers are responsible for managing and approving jobs, as well as managing other Keepers and settling disputes if necessary. The project's smart contracts were audited by PeckShield, a blockchain security company, before going live, and the audit found no critical security flaws but identified some potential risks, which have been logged and updated.