Binance Decided to List KEEP Token on its Platform

Binance announced that it would list Keep Network’ token on its platform today. The exchange will also open trading for KEEP/BTC, KEEP/BUSD, KEEP/USDT, and KEEP/BNB trading pairs.

Keep Network is also available for trading on the other top exchanges, including HitBTC, Kraken, Coinbase Exchange, MXC.COM, and Hoo. Currently, there are circulating 529,421,356 KEEP coins on the market. However, the total supply is 1,000,000,000 KEEPs.

Keep network is incentivized for encrypting and storing private data on the public blockchain. They created the Network of off-chain containers for private data called keeps. According to the company, the KEEP work token would enable the platform to be completely permissionless.

Furthermore, Keep aims to solve the main problem holding back broader blockchain adoption: data on public blockchains are public. But with Keep, developers will finally be able to build fully decentralized apps.

The first application built on the Keep network is tBTC. It is a Bitcoin bridge on Ethereum. This open-source project has the support of various groups, including Keep, the Cross-Chain Group, and Summa. tBTC is a Bitcoin-backed ERC-20 token, facilitating BTC holders acting on the Ethereum blockchain and earning their Bitcoin.

Meanwhile, KEEP is the Network’s native utility token with a slashing model and dividends. It provides sybil resistance, which enables the Keep network to become censorship-resistant and permissionless.

How Can Investors Use KEEP Tokens?

Users can avail themselves of various advantages if they decide to buy KEEP tokens. They can secure tBTC via staking and become part of the Keep network; run the random beacon and ECDSA nodes on the Network; run tBTC like a full node. According to the company, KEEP stakers can play a larger role as tBTC signers by bonding ETH. They will also be able to earn fees for providing work on the Network.

Keep Network features off-chain containers for private data without compromising transparency or audibility, which makes it unique. Besides, tBTC is censorship-resistant as it uses KEEPs to store data. Each TBTC token is fully backed and matched by at least 1 BTC held in reserve.