Meet Psyche stable coin and learn how to trade it on Tokpie exchange.
The popularity of stable coins is not going down. After the first USDT (Tether), USDC, and DAI, many new tokens tied to US dollars came to the crypto market. Today, we are introducing the Psyche (USD1) token. This article shortly explains what is USD1 stablecoin and how to trade it on the Tokpie exchange.
What is Psyche (USD1) token?
The Psyche (USD1) is an Ethereum based (ERC20) token issued by the Psyche project. The primary usage of the USD1 is to make zero-fee transactions inside the Psyche app. The Crypto community and businesses will appreciate the option to make transactions at no cost, especially if one USD1 value equals 1 USD. For example, companies could broadcast small payments to counterparties without any transactional expenses. But, please be cautious because the price can deviate from 1:1 ratio.
Open USD1/USDT order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
Withdraw USDT to your personal Ethereum wallet or hold them on your account.
How to deposit USD1 tokens?
To deposit USD1 tokens on your Tokpie account follow this guide. Make sure that you are going to deposit USD1 tokens that relate to the smart contract address: 0xf6c0aA7eBFE9992200C67E5388E4F42da49E1783. If you deposit the wrong tokens, Tokpie could not identify your transfer.
Note: Tokpie doesn’t charge any fees for depositing.
Learn more about BMC token and how to trade it on Tokpie exchange.
If you’re a bounty hunter, small retail investor, or an owner of a crypto project, you should definitely use the BountyMarketCap tools. It looks like CMC, but the idea behind is completely different. In this article, you will know what’s BountyMarketCap (BMC) token and how to trade it on the Tokpie exchange.
What is the BMC token?
The BMC is an Ethereum based (ERC20) token issued by the BountyMarketCap. BountyMarketCap (BMC) token allows paying for BountyMarketCap ad services with a 30% discount. Moreover, the holding of BMC tokens allows you to get a transparent revenue share from all sales generated by BountyMarketCap.
To deposit BMC tokens on your Tokpie account follow this guide. Make sure that you are going to deposit BMC tokens that relate to the smart contract address: 0xd945d2031b4c63c0e363304fb771f709b502dc0a. If you deposit the wrong tokens, Tokpie could not identify your transfer.
Note: Tokpie doesn’t charge any fees for depositing.
Check out the details about MYID token sale (IEO) on Tokpie.
Great news! The MYID IEO has started. Learn what is My Identity Coin (MYID) token and how to obtain it. Also, find the MYID IEO conditions below.
What is the MYID token?
The MYID token allows to completely eliminate the losses caused by crypto thefts. How? Thanks to the tagging identity to blockchain packets, the My Identity Coin (MYID) proves the ownership and protects your funds. Moreover, many other high-quality exchanges are going to list the MYID token.
The MYID IEO starts on 27th December 2020, 09:00 AM Singapore Time. It will be lasting until 25th February 2020, 09:00 AM Singapore Time
MYID IEO price
During the Initial Exchange Offering, the 50M MYID tokens will be offered to the public on Tokpie at the following prices:
MYID/USDT: 0.00127 USDT
MYID/WBTC: 0.0000000481 WBTC
MYID/ETH: 0.000002 ETH
Also, NOTE that the prices may vary due to the crypto market fluctuations.
Please be informed that Users from Iran, North Korea, and the United States are not able to participate in token sales (IEO).
In addition, be aware that cryptocurrency investment is subject to high market risk. Please make your investments cautiously.
Finally, please be aware that Tokpie charges a fee for the IEO and listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance or successful fundraising.
Learn more about MDZA token and how to trade it on Tokpie exchange.
If you’re dreaming about getting paid for using an app like Instagram, then look at Medooza. It’s a fast-growing startup from Israel. These guys have just launched Medooza Social App. So, you can download it and start earning MDZA tokens for every engagement. From this article, you will know what is MDZA token and how to trade it on the Tokpie cryptocurrency exchange.
What is MDZA token?
The MDZA is an Ethereum based (ERC20) token issued by the Medooza project. The primary usage of the token is to reward Medooza’s users for the time, effort, and content they’re creating. Amazing, isn’t it?
To deposit MDZA tokens on your Tokpie account follow this guide. Make sure that you are going to deposit MDZA tokens that relate to the smart contract address: 0x0ecdd783dc7bf820614044b51862ed29714d2ba5. If you deposit the wrong tokens, your transfer will not be identified by the Tokpie exchange.
NOTE: Tokpie doesn’t charge any fees for depositing!
No need to wait for KCH tokens distribution. Instead, get paid with TKP, ETH, USDC for work immediately.
If you participate in the Keep Calm bounty program, then you have a great option to trade your KCH bounty stakes. You can get ETH, USDC, and TKP long before KCH token distribution. To get money, simply sell KCH bounty stakes on Tokpie exchange in three steps.
Step 1. Deposit KCH bounty stakes
You can deposit any number of KCH Bounty stakes on your Tokpie account balance as explained here. Moreover, you can do it even before earning bounty stakes (before they appear in the bounty spreadsheet table). Watch a video example.
The option to deposit KCH Bounty stakes will end at March 19, 2021.
Step 2. Sell KCH bounty stakes to get TKP, ETH, UDSC
After you deposited bounty stakes, you can sell them to get TKP. This option is available only until March 19, 2021, when KCH bounty distribution starts.
To get ETH or USDC, just sell (if want) TKP on the TKP/ETH and TKP/USDC markets.
Also, You can purchase KCH bounty stakes to get more KCH tokens after bounty distribution.
Check all bounty stakes prices and catch the right moment to trade with the Bounty Analyzer.
In case you sold KCH bounty stakes, you must settle them. It means you must provide Tokpie with the related amount of KCH tokens within 48h after bounty distribution is over as described here. After you settle your obligation, Tokpie unlocks your collateral. You can watch a video example for better understanding.
The total reward pool for the bounty campaign is 500,000,000 KCH tokens. This reward will be allocated among eligible participants in accordance with the number of bounty stakes they will earn due to March 18, 2021.
Reward in ETH, USDC, TKP
Fortunately, there is no need to wait for March 2021 to receive the bounty reward! Every participant can instantly get Etherum (ETH), USDC, and TKP by selling any amount of bounty stakes. Also, any Tokpie user can buy bounty stakes from hunters until distribution. Learn how to trade KCH bounty stakes here.
Distribution of Keep Calm bounty
The distribution of the KCH tokens, in accordance with the number of bounty stakes earned, will start on March 19, 2021. It will be finished on March 23, 2021.
Because of the high gas fee on the Ethereeum blockchain, the distribution will be done to the accounts of bounty participants created on the Tokpie exchange.
The participants of Keep Calm bounty don’t have to pass KYC!
To deposit KCH tokens on your Tokpie account follow this guide. Make sure that you are going to deposit KCH tokens that relate to the smart contract address: 0xdB80734b094a3F964DEdfD10e8946753aE0AC04c. If you deposit the wrong tokens, your transfer will not be identified by the Tokpie exchange.
NOTE: Tokpie doesn’t charge any fees for depositing!
In the previous article, you have learned how to add your token to the list of assets on Trezor. But we’re sure, you want to make your ERC20 token even more reliable for buyers and holders. Moreover, you want to make it at no cost. That’s not a problem – read the guide below. You’ll learn how to make your ERC-20 token a permanent default token on MEW (MyEtherWallet).
Also, learn how to add your token to the Ledger wallet for free.
What is a Permanent default list on MEW?
As you know, Myetherwallet (MEW) supports all ERC20 tokens. Some of these tokens MEW includes in its permanent default list, which means tokens’ balances show up automatically on the side of the interface. But, there are many thousands of tokens that are not included. So, users have to add them as custom tokens manually. Custom tokens are only saved locally. Therefore if a user clears the cache, tokens disappear and need to be re-added. However, if you add your token as a default asset via Github, then MEW puts it in the permanent default list.
Moreover, after adding your token to the permanent list, the MEW wallet app starts uploading a token logo from its database.
How to add a token to the Permanent default list on MEW?
Follow the six simple steps to add your ERC20 token to the Permanent default list on the MEW wallet. But before you start, check your token – might be it’s already in the default token list on MEW.
Click on the ‘Add file’ and then, on the ‘Create new file’ button as shown on the screen below.
Step 3. Enter a file name
The name of your file must be in the format <YourTokenAddress>.json For example, 0x3d371413dd5489f3a04c07c0c2ce369c20986ceb.json You can get your token’s smart contract address from Etherscan.
Step 4. Enter the code
Write and enter the code into your file like in the example below. Of course, after copy-pasting the code below you should edit it. Edit by entering the specifications of your token. Replace YOUC with your token symbol, enter your token smart contract address, decimals, etc.
Note that the easiest way to get a link to your token’s logo is to grab it from Etherscan. Go to your token page on Etherscan. Then, switch to “developer” mode (every browser allows it) and find a link to the logo.
Step 5. Propose new file
Once you have entered a code, click ‘Propose New File’ as shown below.
Step 6. Create a Pull Request
Review what you’ve just made, then press ‘Create Pull Request’ twice.
Click on ‘Create Pull Request’.
Then, click on ‘Create Pull Request’ again.
That’s it! Now, MEW will review and pull it in. Note that the MEW team may also ask you some questions if something is confusing or some information is missed.
How to check the approval status?
To check the status of your request, find it here. If you did everything correctly, then a line with your request will get a green mark. Also, you will get an email notification from Github like on the screenshot below.
At the same time, you will see a message of approval in your Pull Request thread.
However, if you see a grey mark then it means that your request is under review.
Pull Request merging
After your Pull Request was approved, the MEW team will merge it as shown below.
So, your final goal is to see that MEW emerged your request like that one. As a result, your token will be updated with the MEW’s next release. It can take from 3 to 8 weeks. Check the results as explained here from time to time. If not added, contact us via telegram, and we’ll try to help.
What is MyEtherWallet (MEW)?
MyEtherWallet (MEW) is more than just a cryptocurrency wallet. It’s an open-source, client-side interface that allows users to interact directly with the Ethereum blockchain. Users don’t have to join any centralized exchange.
MEW users can perform the following actions:
Create a personal Ethereum wallet with many addresses.
Receive and send not only ETH but also any other Ethereum based tokens.
Use different versions of the MEW wallet. These versions consist of web, mobile app, browser extension MEW CX, MetaMask Chrome extension, and partnering hardware wallets like Ledger and Trezor.
Swap most popular cryptocurrencies such as ERC20 tokens, ETH, ETC, BTC, etc.
Explore MyEtherWallet’s DApp store. It’s a place where users can open a vault with MakerDAO, or register and manage ENS domains.
Send funds in offline mode.
Deploy and interact with smart contracts.
What are the advantages of being on MEW as a permanent default token?
It’s hard to overestimate the benefits that a crypto project gets after its cryptocurrency appears on the MEW as a default permanent token.
First, your project’s token immediately stands out from thousands of no-name & no-logo cryptocurrencies. Second, any token-holder can see the tokens’ USD price, balance, and logo permanently and automatically on their MEW interface.
Therefore, your token becomes more attractive and reliable for its current and future holders.
How to check Permanent Default Tokens on MEW?
To easily check any token availability on the MEW’s permanent default token list, download the MEW wallet to your smartphone. Then, open the ‘Market’ section and enter a token name into the search field.
For example, on the screenshots below you can see that the YOUcash token is not yet added to the permanent default token list on MEW. On the other hand, the TOKPIE token is already there.
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.