Keep Network
KEEP
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Keep Network (KEEP) is a legacy asset that merged with NuCypher to form the Threshold Network, with protocol development, governance, and user activity migrating to the successor token (T). Data gaps were recorded across Active Development (-1.0), Community Support (-1.0), and Security and Audit History (-1.0) due to the cessation of standalone KEEP development and tangential search sources. Among the evaluable sections, Tokenomics scored 3.5 due to static token dynamics, insider-heavy initial distribution (~75%), and severe value erosion, despite being 100% unlocked. Market and Use Case scored 4.0, reflecting sub-$20M market cap liquidity and displacement by the Threshold Network. Team and Governance scored 6.0, acknowledging a reputable founding team led by Matt Luongo with no history of exploits, though governance is now effectively legacy. Proportional redistribution of weights among the three active sections results in an overall score of 4.4. Under the Deprecated/Migrated Token Rule, holders and prospective investors are advised to avoid KEEP in favor of the Threshold Network (T) ecosystem.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Keep Network (KEEP)
Keep Network (KEEP) is a deprecated token that migrated to the Threshold Network (T) following a protocol merger with NuCypher. Operating on Ethereum, Keep Network was designed as a privacy-focused layer and infrastructure provider for tBTC, a trust-minimized Bitcoin-to-Ethereum bridge. The project was incubated within the venture studio Thesis and led by Matt Luongo, featuring a public team of contributors and advisors.
The KEEP token has a fixed total supply of approximately 1 billion tokens, which is fully circulating with no remaining vesting overhang. The initial token distribution was heavily weighted toward insiders, with private sales, the core team, and the treasury accounting for roughly 75% of the total allocation. Incentive pools have been exhausted, and the protocol maintains no ongoing emissions schedule, deflationary mechanisms, or buyback initiatives.
Standalone development and governance on the Keep Network have ceased, with all protocol updates, community channels, and core products like tBTC transitioning to the Threshold Network. KEEP token holders are directed to upgrade their holdings to the successor T token. The token has experienced severe historical value erosion, diminished market liquidity, and static holder activity. Independent smart contract audits for the network were conducted in 2020 by Consensys Diligence, Trail of Bits, and Sergi Delgado, with no recorded history of major hacks or exploits.