Keep Network
Name
Keep Network
Summary
KEEP is a privacy layer for Ethereum. It is an off-chain container for private data. Keeps help contracts harness the full power of the public blockchain by enabling deep interactivity with private data.
Keep Network was founded in 2017 by Matt Luongo and Corbin Pon, who both previously started Fold, a bitcoin shopping app.
Their products include tBTC, which allows users to deposit Bitcoin and redeem an ERC-20 compatible version that can be used for DeFi protocols.
Rating
Symbol
KEEP
Overview
Keep is an incentivized network for storing and encrypting private data on the public blockchain. The network randomly assigns keeps to a system of participants, called signers, that help store and manage these data containers.
Keep's core application, the Random Beacon, provides this source of randomness and aims to ensure an individual signer cannot decode the information stored in the network. Each participant stakes KEEP tokens to act as a signer in exchange for a service fee.
Historical Price Movement (in INR)
Technology
The Keep Network features off-chain containers for private data called keeps that allow smart contracts to interact with this data while aiming to maintain transparency and transaction auditability. Keeps encrypt private data and keep it protected through multi-party computation (sMPC).
tBTC, a Bitcoin bridge on Ethereum, is the first application built on top of the Keep network. It is an open-source project supported by groups including Keep, Summa and the Cross-Chain Group. tBTC is a fully Bitcoin-backed ERC-20 token pegged to the price of Bitcoin. It facilitates Bitcoin holders acting on the Ethereum blockchain, accessing the DeFi ecosystem, and earning with their Bitcoin.
Use of Native tokens in the ecosystem:
KEEP is the network’s native work token with dividends and a slashing model. It provides the sybil resistance that allows the Keep network to be censorship resistant and permissionless.
Stakers are rewarded in both ETH and KEEP for staking on the Keep network, relative to how much KEEP they stake and ETH they bond. Rewards right now can be up to 200% APY for Keep stakers.
Private sale
35%
Early team
10%
Advisors
5%
Keep SEZC
25%
Staking & Protocol Incentives
25%
Volume ( as of 17th april 2022)
$1,497,915
Total Supply
1,000,000,000 KEEP
Circulating Supply
549,716,300 KEEP
Crowd Sales
03/04/2020 - ICO - $8.7M
Funding
2018- Private sale - $20M
Country
CAYMAN ISLANDS
Name of Organisation
Keep SEZC
Year Incorporated
2020
Registered Address
FLOOR 4, WILLOW HOUSE CRICKET SQUARE GRAND CAYMAN E9 KY1-9010
Dispute Resolution and Governing Law
CAYMAN ISLANDS
Country Risk Assessment
B2
Founding Team
| Name | Designation | Education | Experience |
| Matt Luongo | CEO | Georgia Institute of Technology: B.Sc Computer Science | 13 yrs |
| Corbin Pon | Co-Founder | Georgia Institute of Technology: B.Sc Computer Science | 13 yrs |
