User:Ildidetka/Keep Network

Keep Network is a self-contained and private container for safe and secure data. Container storage helps to fully exploit the potential of public blockchain smart contracts by enabling interactions with sensitive data. The Keep network acts as a storage for tBTC using KEEP tokens.

KEEP token
The project has its own KEEP token. It is required to maintain power to a network and to maintain applications that run on that network. The token also allows you to be a member of the Keep Network. This allows you to receive rewards in the process of performing work on the project (support for the work of a node, staking). Node support refers to the computation and availability required to select and “keep” off the network, and to read associated data. Signers are randomly selected to coordinate the distributed key generation protocol, resulting in a public ECDSA key for the group, which is used to generate a wallet address that will then be written to the blockchain.

By its idea, the KEEP token is the main driving force that stimulates constructive behavior and promotes efficiency and trust in the network, as well as contributes to the growth of the Keep Network. The presence of a token enables the user to perform the basic functions of the network. Holders must delegate a minimum amount of KEEP as collateral in order to participate in the work.

Economy of token
KEEP has a limited amount of coins - 1,000,000,000.

All tokens of team members have a 2-year schedule for unlocking their funds with subsequent restrictions for 2-4 years. The restrictions apply to token sales. In addition to legal agreements, employee assets are released through grants on the network, which allows for the traceability of all assets. The grant structure allows holders to stake their tokens 3 months before the planned unlock.

Structure of grants implies linear unblocking. While this schedule is similar to the concept of a transfer of rights, it does not give grant holders the right to sell their tokens - they are still limited in use for the duration of the grant.

Individual investors have the same restrictions. All purchases made prior to the network's main launch included usage restrictions for 6, 12 or 24 months from the network launch date. Tokens were distributed through grants. According to the rules, buyers were required to place bids and actively participate in the management of the network, and many of them already use Random Beacon on the main network.

These restrictions and the structure of public distribution mean that within 2-4 years the token will not circulate in full.

To summarize, the KEEP tokenomics are relatively simple. At its most basic level, Keep receives commissions for all actions that take place in the applications it supports. The number of KEEPs is limited, so regardless of the future cost of the network, we know exactly how many parts it is divided into. All other things being equal, wider use should be expected to increase demand. KEEP is designed in such a way that the more applications on the network, the more opportunities to earn on the token. This should lead to more people delegating KEEP to participate in these applications, thus creating more value for the entire ecosystem.

tBTC
tBTC is an ERC-20 fully supported bitcoin token. This token allows users to safely use their bitcoins on the Ethereum network. Moreover, by combining the strengths of both blockchains, tBTC offers an easy and secure way to become part of the growing DeFi ecosystem.

The main goal in developing the token was to get rid of the uncertainty and secrecy of bitcoin, which repelled some users from this token. In turn, tBTC is open source and the safety of your savings. This is why the token that was developed in collaboration with Keep and Summa has the highest cryptography standards and, as mentioned above, is completely open. It uses a signature algorithm called t-ECDSA, which is also used by Binance today. (Zcash and Gnosis also work with similar concepts.) It is a safer multisignature alternative and requires less space on the chain — which in turn translates into price.

TBTC's developers have worked to develop a solution that makes the best use of the respective strengths of bitcoin and ether to deliver a new product that can help take bitcoin to the next level. The developers' solutions are based on sophisticated and advanced cryptography, but the key point for users is that tBTC allows Bitcoin to be used securely and openly to work with Ethereum blockchain.

Staking
Keep Network uses an internal KEEP token, which is delegated by the user to maintain the operation of the Random Beacon - to select random nodes that will act as signers. As the nodes go live, they receive a commission to ensure secure computing on the Ethereum network.

The benefit for KEEP token holders depends on the amount of the delegated stake and therefore on the commitment of the network user. Those who have invested more in the project will receive more rewards for their work.

KEEP token holders can stake their KEEP tokens and receive rewards through the Keep token dashboard. There are currently two ways to participate as a staker. You can place a KEEP token bet and run the Random Beacon client, or you can place a KEEP bet and link ETH to a tBTC client. You can choose 2 options at once if funds allow.

Opportunities for work are awarded at random, but over time, the amount of work a user participates in is proportional to the number of delegated tokens. For example, there are 2 delegates. One of them delegated 100 KEEP, other - 200 KEEP. Over time, you can expect that the second user will be selected 2 times more often for work, therefore he will receive 2 times more rewards since he completed more work.

Stakers
The largest stakers of this project are companies such as:

Paradigm - Founded in 2018, the company is a venture capital firm based in San Francisco, California. The firm is committed to investing in crypto assets and businesses.

Polychain Capital is a hedge fund company that invests in a diversified portfolio of blockchain tokens. Blockchain tokens are emerging that add a layer of monetary incentive to p2p protocols and facilitate stock crowdfunding that anyone in the world can participate in. This means that for the first time, open source software developers can monetize their networks at the protocol level, and network users are the owners of the network. In this model, disproportionate profits go to token holders rather than investors in private protocol-based companies.

Fenbushi Capital is the first Chinese venture capital fund to support companies developing innovative blockchain solutions. Fenbushi Capital was founded in October 2015 with $ 50 million in funding from the Chinese auto parts company Wanxiang Group. The company is headquartered in the Asia-Pacific region.

Andreessen Horowitz is a privately held American venture capital firm founded in 2009 by Mark Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California.

Drapper Associates is an early stage venture capital firm investing in companies that are transforming the industry.

Fabric Ventures is a venture capital firm that invests in scalable decentralized networks.

Distributed Capital Partners company manages a portfolio of early stage blockchain and distributed software companies.

Links

 * keep.network/ - official website Keep Network
 * tbtc.network/ - official website tBTC
 * github.com/keep-network/ - GitHub
 * blog.keep.network/ - blog
 * keep.network/press - news
 * twitter.com/keep_project - Twitter
 * t.me/KeepNetworkOfficial/ - Telegram channel
 * reddit.com/r/KeepNetwork/ - Reddit page
 * discordapp.com/invite/wYezN7v - Discord channel