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PRESS RELEASE. The last decade has seen a revolution in traditional finance driven by the use of blockchain technology. Blockchain technology has shown more use cases since the development of the main Bitcoin currency.
It has been used in various sectors of the world economy, including health, agriculture, supply management, finance, and many others. However, one sector that needs blockchain application is the online market industry.
Self-employment has become popular with more skilled workers who prefer the flexibility of freelance jobs over the restrictive nature of traditional office jobs. This has led to a unique industry where people work remotely and get paid for their services. The traditional freelance marketplace like Upwork, Fiverr and Freelancer.com allows workers around the world in a supportive environment.
However, these platforms are not perfect and have major flaws. They typically charge workers high commissions with Fiverr and Upwork up to 20%, and they also implement a waiting period before funds are received.
Keep2r Network tries to change this by using blockchain technology to create a platform that guarantees workers the ability to connect with job opportunities.
What is Keep2r Network?
Keep2r Network is a decentralized platform inspired by Andre Cronje’s Keeper Network. Cronje is a famous cryptocurrency developer behind the successful YFI defi and Keeper Network protocol.
Keep2r Network is a successful fork of the Keeper network and implements the core features of a decentralized platform. It is a decentralized platform for projects that need external developers and for development teams to find work. This essentially makes it a job matching platform.
A single platform for developers
The Keep2r network ensures that developers who perform jobs are rewarded promptly and that everything is done on the blockchain. The main components of the Keep2r network are Keeper.
A Keeper is a term used to describe a person or team that performs work available on the Keep2r network. These jobs can be as simple as running a transaction or complex off-chain programming jobs.
What makes the Keep2r network unique is that it allows contracts to register as a job for custodians who then register to pick up available jobs. Additionally, each custodian can set their own rules and infrastructure based on the transactions they deem profitable.
Jobs in the platform take the form of a smart contract that requires action from the custodians. These contracts are designed to be executed properly and once registered they can be used by custodians.
Fully decentralized
Keep2r is fully decentralized and members are involved in creating and executing smart contracts (jobs). All that is required for a worker is to register as a keeper. The process can run without KPR tokens and users can join with a bond.
The process then begins a bonding period that lasts 3 days after which you can activate yourself as a keeper. Once this process is complete, a timestamp is recorded on the Keep2r blockchain network.
Meanwhile, job creation is flexible and guarantees an incentive mechanism for all parties involved. This is achieved by using two different approaches, the first is through governance where a proposal is made to include the contract as a job. If governance is approved, it is recorded as a job.
The second way is to register a job through the Keep2r contract. However, using this method is complex and will create a pending governance vote for the job specified by the address in the function arguments. It also has a limit for one job application every 14 days using the address.
Payments are made through three mechanisms, including payment via the native KP2R token, using Ethereum and tokens provided by liquidity.
KP2R Token
Keep2r Network is powered by its native KP2R token which is used to initiate smart contracts and also for the payment of rewards on the platform. KP2R is an erc-20 token built on the Ethereum blockchain network.
Apart from this, the token can also be wagered for rewards and can also be traded on popular exchanges including Uniswap.
In conclusion, Keep2r Network is an ideal platform for decentralized platform lovers with its innovative ideas. You can learn more about the token on CoinMarketCap and read its applications on its website.
This is a press release. Readers should perform their own due diligence before taking any action related to the promoted company or its affiliates or services. Bitcoin.com is not liable, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image credits: Shutterstock, Pixabay, Wiki Commons
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