A new token launched by Yearn Finance founder Andre Cronje exploded within hours of its launch while the sword peasants are loaded.
The new token called KP3R is for the newest Cronje project called Keep3r Network. This is a decentralized market for technical contract jobs.
Within a few hours of its introduction, traders and sword farmers had “imitated” it.According to Uniswap.info, prices rose, which hit more than $ 180 a few hours ago.
Uniswap started trading at $ 10 per token, but the momentum soon picked up, rising nearly 2000% in a matter of hours. According to Coingecko, the new token already has a market capitalization of $ 35 million.
At the time of this writing The KP3R token traded at $ 175, a monumental gain since its inception, although investors should note that it is a highly speculative bet that could result in lossesas happened with so many new token launches this year.
The move was watched by various members of the crypto community, including Ethhub founder Anthony Sassano;
Andre Cronje: Start a new project with a token
Literally every crypto trader:
(Yes it’s the 5 minute chart) pic.twitter.com/P1ro3A3fw1
– Anthony Sassano | sassal.eth ⛽ (@ sassal0x) October 28, 2020
Some suggested that a quick departure from Cronje could bring him tremendous benefit, but he has repeatedly claimed that his intentions are more constructive, previously said: “I do not build for speculators.”
“I build for developers. My main goal is the tool that will allow other developers to easily use / inherit the templates I have designed and create products from them. “
With the release of the Keep3r Network v1 contracts a few hours ago The project is already available. It is designed to coordinate crypto projects with technical experts. The concept includes “keepers”, who are external people and / or teams that perform a job, and “jobs,” the term used for smart contracts that have been set up around an external entity to execute an action to move.
The network is operated with the new KP3R tokens which is issued as a reward for completing the work.
It was developed largely clandestinely to avoid yet another case of the Eminence fiasco This resulted in the loss of $ 15 million in funds when Epee farmers prematurely invested capital in experimental MNE contracts that were subsequently hacked.
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