The latest token offering by Yearn Finance founder Cronje has surged within hours of launch.
A newly launched token by Yearn Finance founder Andre Cronje has skyrocketed within hours of launch as degen farmers load up.
The new token called KP3R is for Cronje's latest project called Keep3r Network which is a decentralized gig-style, smart contract powered marketplace for technical jobs.
Within hours of the token launch, traders and degen farmers had 'aped' into it causing prices to surge, topping out at over $180 a couple of hours ago according to Uniswap.
Trading on Uniswap started as low as $10 per token, but the momentum soon picked up sending it surging almost 2000% within hours.
According to Coingecko, the new token already has a market capitalization of $35 million.
At the time of writing, the KP3R token was trading at $175, a monumental gain since launch, though would be investors should note it is a highly speculative bet which could result in a dump as has occurred with so many new token launches this year.
With the release of the Keep3r Network v1 contracts a few hours ago, the project is now live.
The concept involves 'Keepers,' which are external persons and/or teams that execute a job, and 'Jobs' which is the term used to refer to smart contracts set up to get an external entity to perform an action.
The network will be powered by the new KP3R tokens which will be issued as rewards for job completion.
Andre Cronje's new KP3R token surges 2000% in hours
pubblicato su Oct 29, 2020
by Cointele | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.