Kerane was a prospector who sought the riches of the Hoth asteroid field's untapped mineral resources. After once supposedly discovering an asteroid of nearly pure platinum, Kerane exited the field with a sample to ensure that he had in fact discovered the highly valuable metal. When he returned to seize his treasure, he found he could not relocate the platinum asteroid. He searched the Hoth asteroid field for the rest of his life without success, driving him mad. The rumored platinum asteroid went down in lore as "Kerane's Folly."