About Keep Network

The Keep Network price is $0.11186, a change of 1.63% over the past 24 hours as of 5:22 p.m. The recent price action in Keep Network left the tokens market capitalization at $61,489,331.53. So far this year, Keep Network has a change of 45.21%. Keep Network is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).

Keep is the native cryptocurrency of the Keep Network, a blockchain designed to allow users to send data over public blockchains privately and securely. Keep’s flagship product is tBTC, a decentralized version of bitcoin created for use on the Ethereum blockchain.

KEEP price

All 1 billion keep tokens were released during the project’s launch in 2020, meaning it is not an inflationary asset. Ten percent of keep was set aside for the founding team, 5% for early advisers and 25% for the developing entity behind the Keep Network (formerly Keep SEZC, now Thesis). Keep also provided 5% to reward tBTC liquidity providers for participating in the ecosystem. The remaining 55% was distributed in private token sales and a “stake drop.”

Keep was first sold in two separate simple agreements for future token (SAFT) sales in 2018 and 2020 that made up 35% of the token’s supply. In June 2020, Keep held a public stake drop in collaboration with token staking provider Bison Trails to release 20% of the total supply of keep to users who stake ETH for a period of at least six months, which would be distributed to users gradually over the course of two years.

Keep reached its all-time high of $6.10 in May 2020, just before the public stake drop of the token. Just a few months after the tokens began being distributed to the public, keep reached its all-time low of about $0.40 in November 2020. Following an announcement in October 2021 that Keep would be merging with NuCypher, keep spiked over 585% to a peak of $0.75.

How does Keep work?

The Keep Network is an open-source, decentralized management system that lets users securely store assets on the Keep Network with full encryption and access, while securely trading a synthetic version of that asset on the Ethereum blockchain. The Keep Network uses private, off-chain sections of its blockchain known as “keeps” to protect user privacy through encryption and private data storage. Additional privacy is created by keeps through their distribution across the Keep Network, which keeps the data decentralized and inaccessible to any singular entity. For tBTC, Keeps stores the private keys to the actual bitcoin in keeps, allowing the keys to remain secure from the public Ethereum blockchain.

Key events and management

Keep Network was developed in 2017 by co-founders Matt Luongo and Corbin Pon and continues to be maintained by Luongo and Pon’s company, Thesis. Prior to becoming a part of Thesis, Keep Network was spun out of the bitcoin rewards app, Fold – another crypto venture developed by Luongo and Pon.

In 2018, Keep Network held its first private token sale, raising over $20 million from Andreessen Horowitz, Draper Associates, Polychain Capital and others. In April 2020, Keep developer Thesis raised another $7.7 million in a keep token sale round that was led by Paradigm Capital and that included Collaborative Fund, Fenbushi Capital and others. The funds were raised to launch the tBTC mainnet alongside interoperability software provider Summa.

As of January 2022, Keep and NuCypher were completing their merger into the Threshold Network. The project has been given the code name KEaNU from community members to track its progress. Once the deal is completed, the Threshold Network will provide several threshold cryptography primitives for NuCypher and Keep, including proxy re-encryption, threshold signatures, distributed key generation and random beacons.

Read less...
Sponsor LogoBuy crypto on a secure, trusted platform.
Cryptoassets are highlCryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don’t invest unless you’re prepared to lose all the money you invest.

Latest About Keep Network

View All
(Renuagra/Pixabay)
Cosmos Founder Calls for Chain Split; ATOM Down 3%

Cosmos Hub is an intermediary among all independent blockchains created within the Cosmos network. ATOM powers the Cosmos ecosystem of blockchains programmed to scale and inte...

(Renuagra/Pixabay)
Vitalik Buterin hails the return of Plasma (CoinDesk)
OMG Token Surges 16% as Vitalik Buterin Hails the 'Return of Plasma'

Buterin wrote that he believes Plasma, an Ethereum scaling technology that has been ousted by rollups, has the potential to reduce transaction fees.

Vitalik Buterin hails the return of Plasma (CoinDesk)
Bonk Inu developers say they want to showcase Solana's capabilities. And that's worked so far. (Bonk Inu)
Solana Tokens Sees Risky Bets Increase After End of Sam Bankman-Fried Trial

Bonk took center stage in the Solana ecosystem in January as sentiment around the blockchain network took a hit in the aftermath of the Sam Bankman-Fried and FTX exchange deba...

Bonk Inu developers say they want to showcase Solana's capabilities. And that's worked so far. (Bonk Inu)
Ethereum (Unsplash)
Ether Could Hit $3,000 as Soaring Network Activity Turns Token Deflationary

The Ethereum blockchain settled $250 billion of transactions last week, the highest since mid-March, underpinning ether's bullish outlook.

Ethereum (Unsplash)

Keep Network Market Stats

Market Cap

$61.49M

24H Volume

N/A

Max Supply

1.00B

Total Supply

1.00B

24H Value Transacted

N/A

30D Volatility

0.74875800

24H Transaction Count

N/A

24H Average Transaction Fee

N/A

'Broken Money' author Lyn Alden joins CoinDesk TV to discuss the evolution of money, along with how the latest U.S Read more...

CoinDesk Indices

View All
Top Indices including Keep Network
Logo
Index nameTickerWeight24H

Bitcoin Calculator

Last Updated on 11/30/23 5:22 PM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy.Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.

Market Analysis
Social Analysis