The Partnership with Tokpie will drive DocTailor’s bounty and DOCT token sales.
DocTailor (DOCT) is a platform that allows creating and distribution of self-customized smart legal documents on the blockchain. Any DocTailor user without developing skills can implement a smart contract to save time and money. DOCT token will be used for paying a subscription fee and escrow service on the Doctailor platform.
Thanks to the partnership with Tokpie, all bounty hunters participating in the Doctailor bounty campaign could sell 50 percent of their bounty stakes for Ethereum (ETH) on Tokpie exchange at any moment until distribution.
“We are delighted to support our growing community by allowing them bounty stakes selling on the Tokpie exchange,” says Doctailor CEO Sam Enrico Williams. “Thanks to Tokpie, our bounty participants could get money immediately while the bounty campaign is running”.
Tokpie is the first cryptocurrency exchange platform with Bounty Stakes Trading service where people could earn, trade, and invest as never before.
Tokpie CEO, Vasilii Silin said: ‘’Doctailor is going to operate in a very promising market. There are over 100,000 businesses worldwide that could be highly interested in simple, fast, and automated implementation of legal smart contracts. This is why Tokpie users might be interested in obtaining DOCT tokens through buying Doctailor bounty stakes”.
The creation and implementation of smart legal documents is a problem for many organizations and individuals because it requires developer experience, time, and money. The aim of DocTailor is to solve that problem in a simple, cheap, and time-saving way.
DocTailor (DOCT) is an Ethereum based utility token applied on the DocTailor platform.
Total distribution is 500,000,000,000 DOCT only!
What is the DocTailor platform?
Starting from September 2019, the DocTailor platform will allow Accountants, Lawyers, brokers, insurance, bankers, other professionals, and individuals to create Smart Legal Contracts & Agreements with Escrows on Leading Blockchains. The main advantage is that creating and deploying smart legal contracts and agreements will not require developer experience.
The demand for DOCT token will be supported by the need to pay for a subscription fee due to the price plan chosen and pay for escrows as well. DocTailor team expects that over 100,000 businesses worldwide will be using the platform when launched in full.
Bounty hunters represent the key element of any bounty campaign, but what do we know about them?
Not a secret that a token sale (ICO) without bounty hunters is like a car without gas. So, before the starting your bounty campaign it’s important to know a typical hunter’s profile and patterns of behavior.
The average age of bounty hunters
Young people under the age of 18-34 constituted 76.8 percent of those who participate in bounties, most of them are male.
The level of bounty hunters activity
88.7 percent of bounty hunters simultaneously participate in more than one bounty campaigns. Without taking into account extreme values the average number of different bounty campaigns served by a one hunter simultaneously is around 10. That’s why you can see so many different projects promoted by a typical hunter in his e.g. FB profile.
Bounty hunters incomes
Most of ICOs and their bounty campaigns are failed. But even successful bounty campaigns attract so many bounty hunters that the resulting income for every participant may be very low. Moreover, a token reward granted to a hunter usually depreciates in value by 10 times when token goes on exchanges. That’s why a realized annual income of a typical bounty hunter was $1084 on average for the period from July 2018 to June 2019. That’s around $90 per month.
The level of bounty hunters experience
Only 44.7 percent of bounty hunters have more than a one-year level of experience. Looking deeper we can notice that 21.8 percent of hunters have just a 1-3 months experience of participation in bounties.
Bounty hunters expectations about Bitcoin price
It’is not a surprise that bounty hunters are the most crypto-optimistic and crypto-passionate people in the world. Otherwise, they would not participate in bounty campaigns. Due to the poll results made on June 2019, 92 percent of bounty hunters expect bitcoin price above $2000 during Q3 2019 – Q3 2021.
Top cryptocurrency news sources used by bounty hunters
What cryptocurrency media are the main sources of information for bounty hunters will be revealed soon.
Top cryptocurrency exchanges used by bounty hunters
What cryptocurrency exchanges are the main trade platforms for bounty hunters will be revealed soon.
When the possibility to earn passive income from token staking is closed, the temptation to sell this token grows.
Another problem is that a person having TKP or ETH can face an urgent need for money.
To deposit and sell bounty stakes under Bounty Stakes Trading 2.0, hunters will have to pledge TKP tokens as collateral. But what if TKP price is too high and a bounty hunter doesn’t want to buy it.
To solve all the above problems simultaneously, Tokpie introduces a p2p lending solution. It will allow TKP holders to earn income through TKP lending to other people, which need money quickly.
P2P Lending Solution
Any holder of any TKP amounts could lend them and start earning income.
Any person could borrow TKP tokens, use them or sell immediately to withdraw ETH, USDC or any other listed cryptocurrency.
Lenders and borrowers will be able to negotiate any interest rate by bargaining on price in the related Order Book. The result, fair-market lending interest rates will be defined by people (Figure 2 below).
P2P lending will be based on the same mechanics which are used for collateralizing and asset trading on Tokpie.
Users who want to borrow shall deposit (issue) a Promissory Note by providing TKP or ETH as collateral (Figure 1 below).
The following sale of Promissory Note to lenders gives money to a borrower.
To help borrowers and lenders to make the right decisions, an Annual Interest Rate will be automatically displayed before trade order submission (Figure 2 below). Annual Interest Rate will be calculated due to the formula: (((1-matched price)/matched price)/days until the promissory note expiration)*365*100%
Users who want to lend and earn interest income shall buy a Promissory Note with a discount.
By buying Promissory Note lenders earn incomes due to the formula: (1-matched price)*amount of Promisory notes bought. So the lower a purchase (matched) price the higher income will be earned. Annual Interest Rate is calculated in the same way as stated in clause 5.2 above.
One Promissory Note (PN) is a digital title that confirms the issuer’s promise to pay 1 (one) TKP to Tokpie at a specified date. Tokpie, in turn, will guaranty to pay 1 (one) TKP to any holder of one Promissory Note at a specified date.
Promissory notes in circulation will have different times of repayment. For example, a day of repayment (execution) for Promissory Note title [TKP_PN_15APR2020] will be April 15, 2020.
People could deposit (issue) any quantity of Promissory Notes depending on the amount of collateral pledged.
Promissory Notes could not be withdrawn, but they could be issued, sold, bought, settled (repaid) or held on balance until execution day.
Examples of use case
Alice wants to borrow 95 TKP on January 15, 2020, and willing to pay back 100 TKP in three months.
She deposits (issue) 100 Promisorry notes [TKP_PN_15APR2020] by providing 300 TKP as collateral. See an example in Figure 1 below.
She opens the related order book [TKP_PN_15APR2020] / [ TKP ] and submits a trade order to sell 100 [TKP_PN_15APR2020] for the price she wants. Let’s assume that she wants to sell 100 promissory notes for the price of 0.95 TKP per one. See an example in Figure 2 below.
If any lender e.g. Bob submits a purchase order for the same price (95 TKP), then Alice receives 95 TKP (0.95 x 100) on her balance. At the same time, Bob receives 100 promissory notes. See an example in Figure 2 below.
If Alice doesn’t settle her obligation earlier, then Tokpie will deduct 100 TKP from Allice’s balance on April 15, 2020, to auto-settle her obligation and release her 300 TKP frozen as collateral.
One of the greatest features is that Allice can buy back Promissory notes [TKP_PN_15APR2020] to settle her obligation and release collateral at any time before April 15, 2020. Moreover, she can even try to buy them for a much lower price than she sold before to decrease expenses.
Bob has 95 TKP on January 15, 2020. He wants to earn 5 TKP in interest income for the next three months.
Bob opens the related order book [TKP_PN_15APR2020 / TKP ] and submits a trade order to buy 100 [TKP_PN_15APR2020]. He can set any price he wants! Let’s assume that he buys 100 promissory notes for the price of 0.95 TKP per each. See an example in Figure 2 below.
The result, Bob receives 100 promissory notes and pay 95 TKP for that.
If Bob doesn’t sell the promissory notes earlier then Tokpie will automatically top-up his balance with 100 TKP on April 15, 2020, and deduct 100 Promissory notes.
The result of that trade Bob will earn 5 TKP or 21.34 annual income as shown in Figure 2 below.
Moreover, Bob can sell the Promissory notes for any market price (e.g. higher than 95 TKP ) at any time before April 15, 2020.
Know how to craft, post and manage an effective bounty campaign to increase crypto project awareness.
The moment you decide to launch a token sale campaign (ICO, STO, IEO, etc) you need to start thinking about a bounty campaign. But, why bounty is so important? How to create an effective bounty campaign? How to run and finish bounty? How to decrease a token price dump caused by bounty participants? All these questions and more will be answered in the series of posts, containing the best tips and practices for conducting a successful bounty campaign.