Learn about wrapped Bitcoin (WBTC) and how it’s useful for you.
Wrapped Bitcoin is the most liquid ERC20 token pledge with Bitcoin. One WBTC is equal to one BTC. Wrapped Bitcoin (WBTC) is very useful for decentralized exchanges and dApps that operate on the Ethereum blockchain. Being completely transparent, WBTC is a 100% community-led digital asset.
This article explains how WBTC works and what advantages it brings to traders, Ethereum-powered tools, and other cryptocurrency service providers.
Advantages of WBTC
WBTC gives greater liquidity to the Ethereum ecosystem including decentralized exchanges (DEXs) and financial applications. A great example is Uniswap that supports WBTC/ETH market pair. That pair attracts around $1 billion liquidity. Nowadays, centralized exchanges generate most of the trading volume with Bitcoin. However, WBTC changes that, re-allocating Bitcoin’s liquidity to Ethereum blockchain and ERC-20 tokens.
WBTC standardizes Bitcoin (BTC) to the ERC20 format. It allows to create smart contracts for Bitcoin and integrate BTC transfers.
Therefore, instead of maintaining various nodes for different transaction types, exchanges, wallets, and Dapps only need to support an Ethereum node.
Benefits for Traders, Institutions, and Dapps
Traders, Institutions, and decentralized applications (Dapps) are the main counterparties that win by using WBTC.
Exchanges, wallets, payment services
Handling multiple cryptocurrencies across different nodes and transaction formats is a hard task for exchanges, wallets, and payment services. But, WBTC provides the benefits of Ethereum and Bitcoin nodes, making it easy to handle the wrapped cryptocurrency with only the Ethereum node.
Decentralized applications (Dapps)
In addition, decentralized applications can now leverage Bitcoin payments in smart contracts for lending protocols, funds, prediction markets, and token sales.
Also, Wrapped BTC (WBTC) allows users to experience increased liquidity and participation. The Ethereum network processes transactions faster and cheaper than the Bitcoin network. As a result, Bitcoin holders don’t have to wait anymore. Thanks to WBTC, moving Bitcoin between exchanges via the Ethereum blockchain is much cost-efficient.
To get WBTC, a user requests tokens from a merchant. After that, a merchant performs a swap. During a swap, a user provides the merchant with Bitcoin, while Merchant, in turn, transfers WBTC to the user.
Minting is the process of creating new wrapped tokens (WBTC). A merchant initialized such minting. You can find proof of assets by clicking on these BTC wallets.
Burning is the process of redeeming BTC for WBTC tokens. Only a merchant can do this. The amount is deducted from the merchant’s WBTC balance (on-chain) and the supply of WBTC is then reduced.
Find the ultimate guide on how to add your token to the list of coins supported by Trezor.
Do you want to make your ERC20 token more attractive for buyers, traders, and holders? If the answer is yes, then read the guide below. You will know how to add your ERC20 token to the List of all coins & tokens supported by Trezor. Moreover, it’s free of charge.
How to add a token to the List of coins & tokens supported by Trezor?
Follow eight simple steps to add your Ethereum token to the Trezor List.
Step 1. Get a token address in ERC-55 format
Use this application to convert your token’s smart contract address to the ERC-55 format. To pass Trezor verification you should use the ERC-55 address format in the steps described below.
Click on the Add file button. Then press on ‘Create new file’.
Step 4. Enter the name
Enter the name of your file. It should be your ERC20 token’s smart contract address but in ERC-55 format. Example: 0x3D371413dd5489F3A04C07c0C2CE369c20986ceb.json Don’t forget to add a .json extension into the file name.
Step 5. Write the code
The simplest way to write a code for your token is to copy the example below. Just copy-paste the code below and edit by entering your token parameters. Replace YOUC with your token symbol, enter your token smart contract address, decimals, and so on.
decimals: The decimals of the token. As Number and not String.
Optional parameters are the following:
logo: An optional logo of your token. Must be a square (recommended: 128×128) PNG w/ transparent background.
support: A support email, support URL, or other way people can get assistance regarding the token.
website: the link to your project website, and
other links to your project’s social accounts.
We suggest you include as much as possible parameters.
Step 6. Check and confirm
After you entered the file name and code (as on the picture above), scroll down and click on ‘Propose new file’
Step 7. Create a pull request
Confirm your submission two times as shown below. Also, you can add a comment like “Add [your token name] token”. As the result, you create a Pull Request.
Step 8. Wait for checking
If you successfully created the file (without any errors) then you see the status of your Pull request as verified (colored green on the picture below).
Note that your request will require additional checking. It will be done by Trezor’s authorized team. Your need just wait for passing it.
Also, you can check the status of your request in this folder. Gray color means that the request is under checking. A green checkmark means that Pull Request has successfully passed Trezor checking.
Trezor team will review your issue and give feedback. They will confirm if they would like to add your token in the firmware. Otherwise, they will decline. Please note that they can not merge each and every token.
When your Pull Request successfully passes all checking, you see it in this section. It means that Pull Requests merged into the Master. After that, just wait for the next Trezor firmware update to see your token in the List.
I can’t pass Trezor verification. What to do?
If you can not pass the verification then review your code, fix errors, and create a file again as described in 1-7 Steps above. If it doesn’t help, contact us via telegram, we will help.
What’s the Trezor?
Trezor is a hardware wallet. Many thousands of people use it to safely store their coins and tokens. Trezor is a small device. A simple connection to your computer with a USB cable allows you to make all operations with your cryptocurrencies.
Moreover, Trezor allows making secure payments without exposing your private keys to a potentially compromised computer.
Nowadays, many online exchanges and wallet providers can be hacked or just disappear. So, a hardware wallet like a Trezor is the safest way to manage cryptocurrencies.
What’s the List of coins & tokens supported by Trezor?
The list of coins and tokens supported by Trezor is a list of cryptocurrencies. There are more than 1631 coins and tokens on the list right now.
If a crypto asset is on that list then Trezor’s users can search it by using name and symbol. If your token is not in the list, then Trezor’s users have to use a smart contract address to find your token.
Fortunately, your token doesn’t have to be a Top 30 cryptocurrency to be added to the list. Also, you don’t have to pay to be added.
What are the benefits of being on Trezor’s List?
The first benefit that you get is a promotion. After adding your token to the Trezor list of coins, you can publish great news. That achievement can inspire your project’s community.
The second benefit is the growth of trust among the holders of your token. Especially it’s might be important for new big buyers of your tokens.
Finally, all Trezor’s users could easily search your token inside the wallet by using just your token’s name or symbol. Also, users could see the logo of your token inside the Trezor interface.
So what’re you waiting for! Add your ERC20 token into the List of coins & tokens supported by Trezor for free. It’ll make your token a much more reliable and attractive asset for all existing and potential token-holders.
Find the best way to Trade TKP with $100k liquidity on Uniswap. Also, learn how to join the pool to earn returns everyday!
That’s the mega-great news fellows. TOKPIE (TKP) token is now on Uniswap – a unique decentralized exchange, admired by thousands of people. But the most exciting news is that the size of the liquidity pool is $100k at that moment!
So, you can now easily swap (trade) TKP on Uniswap. Moreover, anyone can join the TKP pool to earn money every day! Yeah dear friends, welcome to the DeFi world!
How to trade TKP on Uniswap?
Trading TKP on Uniswap is so easy. You don’t need to register anywhere and pass KYC. All that you need is just to have a MetaMask installed on your Chrome browser or smartphone. Follow three simple steps to perform a trade:
Open Uniswap swap page and connect it to your wallet where TKP tokens are stored.
Enter the amount of TKP you want to swap out (sell) or swap in (buy)
Note: To trade on Uniswap you must have some ETH on your wallet for gas fee payment. Also, note that you can use not only MetaMask. Uniswap connects with many wallets’ providers such as Trust Wallet, Coinbase, Formatic, Rainbow, Argent, imToken, Pillar, Safe, and Math.
How to join TKP pool and earn money on Uniswap?
To join the TKP liquidity pool and start earning money (learn how much) you need to perform the following steps.
Open the ‘Add Liquidity’ page and input the amounts of assets you want to deposit into the pool.
Connect your wallet (for example via MetaMask)
Confirm the transaction.
Learn what is a pool from Uniswap’s manual. Note that you need to have some ETH for the gas fee. Also, you must have TKP and YOUC tokens to add them to the pool. If you don’t have TKP, buy it here. If you don’t have YOUC then buy it on any of these exchanges.
How much can I earn?
You will start earning a 0.3% fee from the pool contract on every transaction. This fee is divided between all liquidity providers proportionally to their share. For example, if you provide 40% of the pool’s liquidity, you earn 40% of the collected fee. The higher your share in the pool the more returns you get. Learn more about returns here.
Note that you need to have some ETH for the gas fee. Also, you shall have TKP and YOUC tokens to deposit them into the pool.
What is Uniswap?
The Uniswap is a TOP #1 decentralized exchange. It’s so popular because of an open-source automated liquidity protocol that operates on Ethereum. It has a 60% market share among all other DEXs. The exchange has around $350M daily volume and more than 70,000 active users from all over the world. The number of users is growing every day.
Currently, the Uniswap exchange works as Uniswap V2. The second release supports fantastic features. They are ERC20 to ERC20 token swaps, time-weighted average pricing, and the ability to borrow tokens from the pools.
YOU can find more information about the TKP token price on CMC and CoinGecko.
TKP token-holders get a 500% discount on fees, access to the bounty stakes depositing, and regular airdrops. Also, TOKPIE tokens allow to take P2P loans with 90% LTV and earn on TKP token staking. Learn more about the TKP utility value here.
What is YOUcash (YOUC) token?
YOUC token is also Ethereum based token issued by the YOUengine platform. The YOUengine is a decentralized, tokenized advertising platform where over 200 million advertisers connect with 4 billion users who get paid to watch ads. Many top exchanges like BitForex and CoinBene have already listed YOUC token.
The utility value of YOUC consists of direct, fast, and cheap cross-border transactions between advertisers and YOUapp users.
Open NTER/ETH order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
Withdraw ETH to your personal Ethereum wallet or hold them on your account.
How to deposit NTER tokens?
To deposit NTER tokens on your Tokpie account follow this guide. Make sure that you are going to deposit NTER tokens that relate to the smart contract address: 0x462Edaa6c1339F98Bcb59582Af782326603DF5f2. If you deposit wrong tokens, your transfer will not be identified by the Tokpie exchange.
NOTE: Tokpie doesn’t charge any fees for depositing!
How to withdraw NTER tokens?
To withdraw NTER tokens from your Tokpie account, use this instruction. You must have an eth compatible wallet address to be able to withdraw tokens. The minimal withdrawal amount is 2010 NTER. The withdrawal commission is 2000 NTER.
Please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance or successful fundraising.
At that moment, when you make a withdrawal, the transaction gets a ‘processing’ status.
Moreover, the system now processes all deposits automatically. That process usually takes up to 2 hours.
Bounty Analyzer update
Tokpie website visitors can now hide finished bounties on the Bounty Analyzer tool. By default, the checkbox “Hide finished” is turned on. However, if you need you can click on it to turn off. Also, we updated the description of how the analyzer works.
Road map update
You can now see the main Tokpie’s plan for the year 2020. However, because of the rapid market changes, some additional goals and achievements might be added.
Integration with DAI
Thanks to the cooperation with the MakerDAO, Tokpie has become a custodial exchange for the DAI stablecoin. The next step will allow users to lend and borrow DAI in a peer-to-peer way on Tokpie.
Lend and Borrow stats improvement
To simplify the lending and borrowing, you can now watch all Annual Percentage Rates (APR) in real-time. By clicking on any line (screen below), a lender or borrower opens the related promissory note’s order book.
Aiming to get Tokpie exchange listed on CMC, we added one of the five API methods. Now the full order book for any trading pair is available. Example. Moreover, we made a public API more resistant to the DDoS attacks. Additional API methods are coming.
Bank cards integration
Because of the partnering with Simplex, anyone can now buy bitcoin with a credit card. Furthermore, users can purchase popular crypto with debit, credit, MasterCard, and Visa cards.
Discover how to buy Bitcoin and other popular crypto with bank card just in few minutes.
Great news! Tokpie partnered with Simplex, the most reliable payment processor that has the EU license. So now, you can buy Bitcoin or any other popular crypto with a credit card on the Tokpie exchange.
Buy Bitcoin (BTC), Ethereum (ETH), DAI Stablecoin (DAI), Litecoin (LTC), and other fifteen coins in your local fiat currency with either a VISA or MasterCard (credit or debit card).
Also, We are happy to announce extended coverage of Simplex’s services within the U.S. to enable more users to purchase crypto assets easily and risk-free.
As of today, in addition to all of the other regions it serves, Simplex supports the purchase of cryptocurrency from users in Nevada (NV), Washington (WA), New Mexico (NM), Vermont (VT), Alaska (AK), and Louisiana (LA). The supported cryptocurrencies in these territories will be Bitcoin (BTC), Bitcoin Cash (BCH), Etherium (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT).
Find below a step-by-step guide to buying crypto with a bank card on Tokpie.
1. Select a cryptocurrency that you want to buy here.
2. For example, enter the amount of BTC to purchase or the amount of EUR you are willing to spend. A result, the system automatically calculates the best rate for you.
Note: The amount shall be between $50 and $20,000 US dollars equivalent.
Enter wallet address
3. Enter your wallet address. If you don’t have a one, then create it here.
4. After selecting crypto and entering amounts, press the ‘continue’ button to confirm the purchase.
Note that the residents of some countries cannot buy crypto with bank cards.
Fill your billing information
5. Then, enter billing information and verify it through mobile phone and email.
6. Upload any one of your identity documents and fill the details.
Check the status
7. Congratulations! You have completed the payment. Track the status here.
This is the list of all popular crypto that you can buy with a credit or debit card (Visa or MasterCard).
Discover the first video tutorial showing how to deposit and trade crypto bounty stakes!
Watch the easiest way to receive ETH, USDC long before any bounty distribution. Learn how to deposit and trade bounty stakes. Get a $10 bonus!
This guide is all about the simple way to get Ethereum (ETH), USDC, or TKP by selling bounty stakes.
In the beginning we explain an important concept you need to understand about bounty stakes trading. Everyone who has an internet connection can join the listed bounty campaigns to earn some bounty stakes. Moreover, you don’t need to wait 3-6 months for bounty distribution. Instead, sell the bounty stakes long before tokens distribution to get Ethereum or USDC immediately.
In the first section, we walk through steps to deposit bounty stakes. You can do it even if you don’t have enough TKP for the collateral!
In the second part of this video guide, we walk through the process of actually trading bounty stakes and getting Ethereum.
In the final step, we walk through getting the collateral back to your account.
If you have any additional questions about how to sell and buy bounty stakes, feel free to contact us through Telegram.
Thank you for taking the time to check out our video guide. It will help many beginners to get ETH by selling bounty stakes.
Know how to deposit bounty stakes
Watch part one to know how to top up your Tokpie account with Bounty stakes.
00:13 – Important things to understand about bounty stakes trading
Know how to win rewards just by trading the BPT tokens.
Congratulations to all the participants! The competition has successfully finished. Find relusts in the table below.
The following winners have received prize BPT on their accounts:
BPT prize ?
Thanks for your participation! This competition was a great chance to get a share in the 100 000 Bitpayer Token (BPT) prize pool.
100,000 BPT will be allocated among participants as follow:
?25,000 BPT for the first place
?15,000 BPT for the second place
?10,000 BPT for the third place
50,000 BPT will be allocated to the 4th-20th places due to trade volumes.
How to join BPT trading competition
Buy or sell Bitpayer token here ? BPT/ETH, to become a participant automatically. Learn what is BPT token and how to trade it here.
Your trade volumes are counted and considered for the distribution of the prize pool.
BPT trading competition period: May 10, 2020, 14:00 UTC – May 30, 2020, 14:00 UTC.
Trading Ranking List
Updated May 30 at 14:00 UTC.
Tokpie updates trading volumes regularly. If you have just joined (made any trade with BPT) then you appear in the table within the next 48 hours.
BPT Trading competition rules
?Winners are determined by the total amount of generated trading volume for the period from May 10 to May 30; ?You can buy and sell BPT ?Look at your progress in the table; updated every 24h. ?Tokpie reserves the right to disqualify trades that are deemed to be wash trades or display attributes of market manipulation ?Tokpie reserves the right to cancel or amend the Competition or Competition Rules at our sole discretion.
What is Bitpayer Token (BPT)
Bitpayer is a new decentralized exchange that supports the Ethereum type of tokens.
Join YOUengine airdrop. A new project supports by John McAfee.
Earn ETH, USDC, YOUC, TKP by participating in YOUengine bounty.
Twitter: follow account, like and retweet a pinned tweet (20 YOUC)
Facebook: follow page, like and share a pinned post (15 YOUC)
AirDrop bonus tasks:
YouTube: Subscribe on the channel, watch and like 5 videos +50 YOUC
Instagram: follow account, like & share most recent post +20 YOUC
LinkedIn: Follow the page, like and share a pinned post +10 YOUC
Reddit: follow and upvote the pinned post +10 YOUC
Medium: follow the account, give 1 clap to most recent post +5 YOUC
IN TOTAL, AIRDROP PARTICIPANT CAN EARN 150 YOUC tokens worth $15. To earn much more YOUC tokens, join YOUengine Bounty.
To earn much more YOUC tokens, join YOUengine Bounty.
DO NOT MENTION AIRDROP/BOUNTY ON TELEGRAM CHAT. ONLY DISCUSS THE PROJECT DETAILS. OTHERWISE, YOU WILL BE BANNED.
Stay a subscriber until you get YOUC tokens on your wallet.
You must leave at least one joining message in the telegram group to get tokens. It must be a constructive message, we don’t count such messages as “Hi”, “Good project”, “Joined”, and so on. Repeating old comments is prohibited.
Send the link on your joining message to the bounty manager via Telegram before submitting the form. Don’t wait for a reply, just send it.
Joining with multiple accounts is not allowed. Users found to be using multi accounts, will be disqualified
Your telegram account must be active until December 31, 2020. “YOU” team will contact you at any time before token distribution to check that you are a real person.
Starts on May 03, 2020 Ends on September 15, 2020
After September 15, 2020, the airdrop registration form will be closed.
Airdrop participants will receive YOUC tokens in their personal eth addresses from Nov 05 to Dec 31, 2020.
NOTE: The distribution will be made in the first-done, first-served principle. So, those participants who complete tasks first will be the first who receive tokens.
Airdrop participants will not have to pass KYC!
When any of the following limits is reached, the airdrop stops.