{"id":100022,"date":"2020-10-29T04:42:33","date_gmt":"2020-10-29T01:42:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/andre-cronjes-new-kp3r-token-surges-2000-in-hours\/"},"modified":"2020-10-29T04:42:33","modified_gmt":"2020-10-29T01:42:33","slug":"andre-cronjes-new-kp3r-token-surges-2000-in-hours","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/andre-cronjes-new-kp3r-token-surges-2000-in-hours\/","title":{"rendered":"# Andre Cronje’s new KP3R token surges 2000% in hours"},"content":{"rendered":"

“# Andre Cronje’s new KP3R token surges 2000% in hours <\/strong>”<\/p>\n

A newly launched token by Yearn Finance founder Andre Cronje has skyrocketed within hours of launch as degen farmers load up.<\/p>\n

The new token called KP3R is for Cronje\u2019s latest project called Keep3r Network which is a decentralized gig-style, smart contract powered marketplace for technical jobs.<\/p>\n

Within hours of the token launch, traders and degen farmers had \u2018aped\u2019 into it causing prices to surge, topping out at over $180 a couple of hours ago according to Uniswap.info<\/a>.<\/p>\n

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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.<\/p>\n

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.<\/p>\n

The move was noted by several crypto community members including Ethhub founder Anthony Sassano;<\/p>\n

\n

Andre Cronje: launches new project with a token<\/p>\n

Literally every degen trader in crypto: <\/p>\n

(yes, that is the 5 minute chart) pic.twitter.com\/P1ro3A3fw1<\/a><\/p>\n

\u2014 Anthony Sassano | sassal.eth \u26fd (@sassal0x) October 28, 2020<\/a><\/p><\/blockquote>\n

Some suggested that a rapid exit by Cronje could net him a monumental profit but he has repeatedly maintained that his intentions are more constructive, previously stating<\/a>: “I don\u2019t build for speculators.”<\/p>\n

\u201cI build for developers. My core goal is tooling, to enable other developers to easily be able to use\/inherit templates I design and create products out of that.\u201d<\/p><\/blockquote>\n

With the release of the Keep3r Network v1 contracts a few hours ago, the project is now live. It’s\u00a0 designed to marry crypto projects with technical experts . The concept involves \u2018Keepers,\u2019 which are external persons and\/or teams that execute a job, and \u2018Jobs\u2019 which is the term used to refer to smart contracts set up to get an external entity to perform an action.<\/p>\n

The network will be powered by the new KP3R tokens which will be issued as rewards for job completion.<\/p>\n

It was largely developed stealthily to prevent another rehash of the Eminence fiasco that resulted in $15 million in funds lost as degen farmers prematurely poured capital into experimental EMN contracts which were subsequently hacked.<\/p>\n<\/div>\n