Good morning to all of us here on Crypto space! This is your Mr. Decentralized again giving you the hottest and freshest news and project reviews and insights that are of high-quality projects only. I do research and the underlying project potential and technology behind the projects. Today, I would like to talk about KEEP token and their product of their version of ERC-20 Tokenized Bitcoin named tBTC or True Bitcoin.
I will talk and discuss the aspects of the tBTC network and how KEEP network make this possible for all. I will be explaining the different features of KEEP and tBTC as to why it is the next big thing of earning from your Bitcoin safely using the KEEP network.
KEEP Network token
---> This is the blockchain network of the KEEP community and its native token. With the KEEP network token, people can be able to stake and earn rewards through staking it in the KEEP network staking system. This can be found here: https://dashboard.keep.network/
Aside from the staking and the blockchain of KEEP, let us talk about how the KEEP network works in a nutshell. The KEEP native token acts as the work token incentive in the KEEP network for workers that do stake their KEEP tokens to be assigned for work in the KEEP network. Wherefore, the more KEEP tokens you delegate to the network, the more chances you are about to get selected for the Dapps running in the KEEP network and earn KEEP. By the way, the word KEEP, if you may ask is the center of the castle wherein it is recognized as should be the most protected part of the castle. If you do play Battle Realms, you would know that a Keep is where the heroes of the clan are and are most honored. That is what KEEP network is running to as well.
The beauty of KEEP network is within its community. Because the KEEP network token is like the autonomy for getting work within the network. For example, there will be a new Dapp that will be integrating within the KEEP network, there will be a fee wherein the delegators of that app will be split among them and for the users of the app as well. Therefore, the work economy for the KEEP network is within the voting of the community members as well.
At the time of this writing ladies and gentlemen, the KEEP token is already listed on different centralized and decentralized exchanges so it is easy to buy KEEP tokens and start staking. Kraken is one of the exchanges where they are having to KEEP tokens for trade. Speaking of staking, that will be my next topic for this day.
Staking KEEP Token
---> Staking as we know is one of the best things that happened in the blockchain space. With the power of KEEP tokens staking mechanism, we are able to protect and secure the KEEP network by having decentralized stakers in the global aspect of things. You may stake the KEEP tokens for delegations or grants here respectively:
https://dashboard.keep.network/delegations/wallet
https://dashboard.keep.network/delegations/granted
Featuring tBTC (True Bitcoin) The safe way to earn with your Bitcoin.
---> This is going to be my main focus in this discussion guys because this is the pioneer product of the KEEP network team. Alright. So, as we all know because of DEFI, there are a lot has been happening in the yield farming and minting of different tokens and assets in the crypto space. And that includes Bitcoins that are being deployed in the Ethereum with the use of different contracts and wrapping techniques. Because of the difference in how the Bitcoin and Ethereum blockchain works, you do have options as to how earn using your Bitcoin using the Ethereum network and that is what we called deploying the Bitcoin in the Ethereum network with a backed BTC in a decentralized manner. To give you a quick recap and how tBTC is the best-wrapped Bitcoin in Ethereum, watch this video by Finematics:
Why tBTC?
---> As you have seen in the video, there are decentralized signers that are randomly chosen and they do have staked ETH that is over-collateralized so that they will always do the work correctly and with integrity. This makes the autonomy and KEEP tBTC secured and decentralized. What I liked with tBTC is that it has no custodian of whatsoever and is not such an overcollateralized one compared to sBTC of Synthetix which is not good in my opinion. Aside from that, the tBTC do have features that are built-in to the protocol because it is audited already with well-known code auditors. And as simple as 1,2,3, you can mint tBTC and back your BTC quite easily because the smart contracts are far way faster than the BTC network. Then just lend those tBTC to other defi protocols so you can earn.
To mint your tBTC, you may go here: https://dapp.tbtc.network/
Integrations
tBTC are being integrated and running on different platforms and interfaces such as here:
KEEP TEAM
Stakers/Investors
Thank you so much guys for checking out this project and its empowerment to DEFI ecosystem. I do have tBTC as well because I liked it how it was being minted and it has no custodian of your BTC. It is kept in a decentralized way. You may check KEEP network's website and social media channels here:
Website: https://keep.network/
Documentations: https://staking.keep.network/
Twitter: https://twitter.com/keep_project
Telegram: https://t.me/KeepNetworkOfficial/
Reddit: https://www.reddit.com/r/KeepNetwork/
Medium: https://blog.keep.network/
Discord: https://discord.com/invite/wYezN7v
Github: https://github.com/keep-network/
tBTC dapp: https://dapp.tbtc.network/
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