KP3R

Overview of KP3R

KP3R, also known as Keep3rV1, is a type of cryptocurrency that was founded in 2020 by Andre Cronje. Just like many other cryptocurrencies, it operates on a blockchain. KP3R is different from other cryptocurrencies given its unique architecture aimed at facilitating what is referred to as “keep3rs” or outside participants to execute jobs. This cryptocurrency supports exchanges on platforms such as Uniswap, Sushiswap, 1inch, and Balancer. Some commonly used storage wallets for KP3R are Metamask and Trust Wallet.

Pros and Cons

What Makes KP3R Unique？

KP3R, or Keep3rV1, notably introduces a different operational concept compared to many other cryptocurrencies. The primary innovation lies in its design that facilitates job executions by external participants, referred to as “keepers”. Rather than having a centralized system or network-defined roles for maintaining and validating the blockchain, KP3R leverages these “keepers” - autonomous, external actors that execute available jobs.

This unique architecture turns the keepers into a somewhat decentralized workforce, where the network's participants can contribute to its upkeep. In this model, jobs can be generated by anyone and can be executed by keepers, provided they meet specific bonding and job requirements.

How Does KP3R Work？

KP3R is the native token of the Keep3r Network, a decentralized job marketplace that connects projects with skilled professionals known as “Keepers.” Keepers are responsible for executing smart contracts on behalf of projects, such as rebalancing liquidity pools, liquidating collateralized loans, and updating oracles.

KP3R works as a token by serving as a payment medium for Keepers, a collateralization requirement for participating in the network, and a governance token. Additionally, KP3R is used in a number of other ways on the Keep3r Network, such as through redeemable KP3R (rKP3R) and vested KP3R (vKP3R).

Exchanges to Buy KP3R

Here is a list of some cryptocurrency exchanges that both support trading of KP3R and the common supported currency/token pairs:

1. Uniswap: Uniswap is a decentralized exchange built on the Ethereum blockchain that allows for direct wallet-to-wallet trading of any two tokens. The KP3R/ETH pair is commonly supported here.

2. SushiSwap: Another decentralized exchange built on Ethereum, SushiSwap supports the KP3R/ETH pair for direct wallet-to-wallet swaps.

3. 1inch: 1inch is a decentralized exchange aggregator providing the best possible trading rates by splitting orders among multiple DEXs. 1inch typically supports the KP3R/ETH and KP3R/USDT pairs.

4. Balancer: This is an automated portfolio manager, liquidity provider, and price sensor on the Ethereum blockchain, which also supports trading of KP3R, typically paired with ETH.

5. Binance: The worlds largest crypto exchange by volume, Binance supports the trading of KP3R with major cryptocurrencies such as BTC, ETH, and BNB.

How to Store KP3R？

Storing KP3R, like most cryptocurrencies, requires using a digital wallet that supports Ethereum-based tokens, since KP3R is an ERC-20 token. These wallets come in various forms such as desktop, mobile, web, and hardware wallets. Here are some wallet options where KP3R can be stored:

1. Metamask: A desktop and mobile wallet, Metamask is typically used as a browser extension for Chrome, Firefox, and Brave browsers, but it also has a mobile app. It allows users to store and manage any ERC-20 tokens, including KP3R.

2. Trust Wallet: This is a secure, multi-coin wallet for both mobile and desktop that allows users to store a wide range of cryptocurrencies including ERC-20 tokens like KP3R.

3. MyEtherWallet (MEW): A free and open-source client-side interface, MEW allows you to interact directly with the Ethereum blockchain while remaining in control of your private keys.

Should You Buy KP3R？

Cryptocurrencies like KP3R are generally suitable for individuals who have:

1. Knowledge of cryptocurrency: Understanding how cryptocurrency and blockchain technology works is crucial to informed investing. Those understanding the risks involved, the technology behind these currencies and how market forces impact their value are more suitable for investing in KP3R.

2. Interest in decentralized finance: Given that KP3R is part of the decentralized finance (DeFi) ecosystem, those with an interest in DeFi's potential to disrupt traditional financial systems might find KP3R a fitting investment.

3. Technical skills: Since KP3R's ecosystem involves 'jobs' and 'keepers', those with technical skills or interest in participating more actively in blockchain networks — maybe even executing jobs as keepers in KP3R's ecosystem — might find this token appealing.