New Keep3r (KP3R) Token of Andre Cronje Experiences 2000% Surge In Price
Andre Cronje appears to have the Midas touch within the crypto space as his latest token Keep3r (KP3R) has experienced rapid growth in the last 24 hours. The KP3R token was launched on Uniswap on October 28 at a base price of $10.
However within the space of six hours, the price pumped to $150 after which it suffered a retracement before surging to over $300. This represented an increase of 2000% in the space of 24 hours.
A decentralized Market Place
This is similar to the Yearn Finance token initially launched by Andre Cronje which hit record heights some months back. KP3R token is a different form of token as it is associated with the Keep3r Network which is a gig-economy based platform powered by smart contracts.
It is essentially the Fiverr form of freelance workspace built on the Ethereum blockchain. The platform has Keepers which are blockchain project teams or workers that complete a job for rewards that are issued using the KP3R token.
Cronje best sums up the new project:
Keep3r Network is a decentralized keeper network for projects that need external devops and for external teams to find keeper jobs.
As expected the crypto community has anticipated the impending arrival of the project despite efforts to keep it secret. Cronje revealed in a blog post that the Keep3r Network contracts had undergone extensive auditing and reviews, but didn’t rule out the potential presence of bugs. CryptoWhale warned his followers yesterday about fake audits.
Andre Cronje’s last project was hacked one month ago due to a bug. Users lost over 15 million dollars of funds.
The current pump in its price shows that the Decentralized Finance boom is not over and promising projects can still experience massive acquisition after launch. Although it should be pointed out that the presence of Cronje in the project was a massive reason for the interest and pump in price.