The latest token offering by Andre Cronje has surged 2000% within hours of launch
Founder of Yearn finance Andre Cronje is back with yet another thrilling Defi token KP3R. The Keep3r Network launched on October 28, was built to solve the current problems with complex systems of smart contracts.
KP3R Token skyrockets 2,000% within hours
Within a few hours of the launch, the KP3R token is soaring high and over the last 24-hours, the protocol’s native KP3R token has surged by 2200% over the last 24-hours.
Initially, KPR started trading with $10 on Uniswap Exchange. Further, within 3 hours the price exploded to $200. The digital asset reached a $35 million market capitalization ranking in the top 200 coins by market cap.
- Keep3rV1 Price : $285.36
- Market Cap : $57,075,906
- Trading Volume : $497,676,628
- Market Cap Dominance : 0.01%
- Market Cap Rank #136
- circulating supply: 200,001 KP3R coins
KP3R Listed on Uniswap Exchange
Keep3r Network was added to Uniswap after the announcement made by Cronje. Here, a decentralized liquidity pool was created for the project’s own token, KP3R.
Here, investors can trade with KP3R / ETH trading pair. however, it can also include KP3R-SNX, KP3R-AAVE, KP3R-LINK, KP3R-YFI, KP3R-CRV, etc in the future. Current data show that the KP3R token is sold for almost $ 280.
Uniswap data shows that the KP3R / ETH trading pair achieved 30 million dollars liquidity and 4 million dollars volume in 24 hours. More than 30,000 KP3R tokens and more than 6000 ETH tokens have been transferred to the pool so far.
About Keep3r Network
In the official blogpost, Cronje pointed out that smart contract usage is increasingly common, resulting in complex problems.
One of the problems is that these smart contracts need an external trigger. External intervention is required in order to activate a coded transaction in these contracts. Projects like Aave, Synthetix, Yearn to try to solve this in their own way.
According to Cronje’s Github, Keep3r Network is essentially a decentralized marketplace where projects can post jobs and where users can search for jobs.
“This can be as simplistic as calling a transaction, or as complex as requiring extensive off-chain logic. The scope of Keep3r network is not to manage these jobs themselves, but to allow contracts to register as jobs for keepers, and keepers to register themselves as available to perform jobs. It is up to the individual keeper to set up their devops and infrastructure and create their own rules based on what transactions they deem profitable.”
About Andre Cronje
Andre Cronje is the founder of yEarn.finance(YFI), a yield farming aggregator that has been building synergistic tools throughout the DeFi (Decentralized Finance) space. YFI’s market capitalization surpassed $1.1 Billion just one and a half months after its launch in July 2020.