Check out the most recent Tokpie’s updates and improvements.
Crypto Bounty Analyzer improvements
We had optimized Bounty Analyzer for the search engines. In addition, we have added the description of the main terms that help users to understand how the Analyzer works. Thanks to that, the Bounty Analyzer is now featured on top of Google’s organic results in a box as a featured snippet. Being featured means getting additional Tokpie brand exposure in search results.
Capitalization of projects and its bounty stakes on Google!
Bounty stakes depositing update
Bounty stakes depositing rules have slightly changed. The system as usual locks some amount of TKP on a user’s account as collateral. Previously, the amount of TKP collateral was based on the current best bid price due to the formula: Best bid price x Quantity x Collateral rate.
However, starting from now, the collateral amount is based on a base price that is set by Tokpie. So, the new formula is Base price x Quantity x Collateral rate. Check the updated Rules here.
The search field on the balance page
To allow Tokie users to easily find a required cryptocurrency or bounty stake title, we have added the search field on the balance page. Simply start typing a project name of a crypto-asset symbol to find it instantly.
Search for cryptocurrency fast
“Lend” in the toolbar
We added the “Lend” element into the left toolbar. It will increase awareness about Tokpie’s P2P lending tool. So, more people could lend their cryptocurrencies and earn returns.
Know how to trade and earn Dai stablecoin that gives you a financial freedom with no volatility. Discover all its other advantages.
Due to the most recent Coingecko research, the rise of Decentralized Finance (DeFi) projects will be one of the main trends in the future. Nowadays, one of the most popular DeFi projects is MakerDAO that designed DAI cryptocurrency.
Total USD value locked in DeFi
What is DAI
DAI is a completely decentralized stablecoin pegged to the US dollar. 1 Dai stablcoin = 1 USD. This is the first unbiased stablecoin in the World being soft-pegged to the US Dollar.
DAI advantages
The main advantages are:
Safety and stability
Anyone can issue
Growing adoption
What makes it safe and stable
Most popular stablecoins such as USDT and USDC are centralized and govern by its issuing companies. So, there are high risks that government authorities and banks will suddenly arrest and lock issuing companies’ assets on accounts. It could lead to the inability to exchange USDC or USDT to fiat USD or any other valuable cryptocurrencies. On the other hand, DAI is governed by Ethereum based smart contracts. These smart contracts collect collaterals (ETH, BAT, and other valuable cryptocurrencies, which the community chooses) from users who want to issue DAI. Therefore, it doesn’t depend on banks’ tight rules and crypto-negative politicians’ decisions because of being based on smart contracts. In addition, the usage of different assets pledged as collateral makes it more stable.
How to issue
Instead of simply buying DAI on exchanges, anyone can issue (create) it, in the five steps:
The result, you will lock your crypto assets (ETH or BAT) as collateral to generate DAI.
IMPORTANT: the issuance of Dai is like borrowing that will have a cost called ‘stability fee’. Such a fee may vary. At the moment of writing the article, the fee is 8.00%.
Connect your wallet to Oasis app
Start generating stablecoin
Select collateral and continue the process
What is the adoption rate
One of the most objective ways to check the adoption rate for any Ethereum based cryptocurrency is to look at a smart contract. The analysis of its smart contact shows a strong uptrend in the number of unique senders. (users).
The number of unique senders
What is DAI used for
Dai Stablecoin can be used for the following:
hold value without a bank account
protect a value if you leave in economies suffering high inflation rates
make mass payments to people in a borderless and the cheapest way
Regardless of bank holidays and other factors, you always have access to your value stored in DAI. You can easily transfer it to anyone and anywhere in seconds and with several cents as a transaction fee. Hence, this is a great alternative to any bank operations nominated in US Dollars.
What is MakerDAO
MakerDAO (Maker) is a decentralized organization aiming to stabilize the crypto economy. To reach this goal the Maker unlocks the power of decentralized finance (DeFi) for everyone by creating an inclusive platform for economic empowerment; enabling everyone with equal access to the global financial marketplace. Moreover, eligible members of the MakerDAO community govern, maintain and manage DAI token.
HOW to buy DAI with Bank Card
You can now buy DAI with a credit card or debit card. The minimal amount starts from $50 Maximum is $50,000 You can use Visa and MasterCard.
How to trade DAI
To trade DAI with the best spreads, click on the related button below.
Depositing fee: 0 Trading fee: 0.02% – 0.10% (depend on plan) Withdrawing fee: 1 DAI No KYC for withdrawals below: $2500/day Spread: 0.01-0.1%
In addition, thanks to the growing adoption, you can buy and sell it on many other markets. Due to the CoinMarketCap stats, you can trade it on more than 64 markets supported by +22 exchanges. Also, you can easily find a pair you need by using CoinGecko. To trade, simply click on a Pair in the lists provided by CMC or CoinGecko.
Note that by generating DAI instead of purchasing, you can catch the potential upside of your crypto.
How to earn DAI
The best way to earn DAI is to lend it and get a return. There are two ways how to do it. First, you can use the Oasis platform to save it. Oasis allows you to earn the Savings Rate set by the Maker community.
Connect your wallet to earn stablecoin
Second, you can lend any amount of DAI for the most competitive rates in a P2P mode on Tokpie exchange. This feature will appear soon. The main difference between Oasis and Tokpie is in the way how interest rates are defined. Maker Comunity defines saving rates on Oasis, while only lenders and borrowers set interest rates on Tokpie.
Learn how to make Initial Exchange Offerings, boost project popularity and get you token listed free of charge.
Get free IEO and more on Tokpie exchange.
Have you tired of unreasonably high IEO prices charged by crypto exchanges? Have your crypto project faced a lack of awareness? If yes, then this article will help you to get an Initial Exchange Offering without upfront payment and increase community. Let’s dive in.
How to get Free IEO
The biggest problem that crypto start-up faces when trying to make an Initial Exchange Offering is the high cost of that service. Exchanges charge projects with an unreasonably large IEO setup fee. Moreover, projects must pay that fee in advance. The most common case is when an ICO start-up first pays 1-2 BTC for IEO and then receives just 0-$1000 as raised funds. This practice leads to the failure of many promising startups.
Tokpie solves that problem by providing crypto projects with Initial Exchange Offering (IEO) without upfront payment!
Thanks to the Tokpie launchpad, people can purchase a crypto start-up’s tokens using ETH, USDC, and TKP. After an IEO has ended, Tokpie lists the project’s token making its price trackable on Etherscan and Coingecko.
How to boost crypto project awareness
Every month hundreds of new ICOs and bounty campaigns appear on the crypto market. Therefore, it’s very hard to stand out newly launched project from all others.
Thanks to the Tokpie Bounty Analyzer solution, more than 10,000 crypto-passionate users will know about your project. Some of them become new investors, advocates, and supporters of your startup. Moreover, the solution helps to avoid the token price dump by allowing hunters to sell their bounty stakes before distribution.
Add a crypto project
To get Initial Exchange Offering free of charge and boost project awareness, please fill out the form. The result, your startup appears in the Shortlist. Projects which are already on the shortlist have a priority in getting listed on the Tokpie (IEO) launchpad and Bounty Analyzer.
Click on any button above to open the related market. Then use this instruction to know how to sell or buy TLS on Tokpie. The minimum trade order amount is 0.10 TLS. At the same time, a minimum step amount is 0.01 TLS.
What is TLS?
The TLS is an ERC20 token issued by TLS Group. TLS Group claims to share its profits from green mining with TLS token holders.
The TLS Group is going to build a data center to connect it with immersion cooling and mining equipment with 2-10 Megawatts capacity. Having technology for processing solar energy, the TLS Group is aiming to mine different cryptocurrencies and distributing 40% revenue share to TLS token holders.
The TLS Group’s team has a right to lock any amount of tokens in case of suspicious activity. So be aware of that and investigate smart contract details by yourself.
Token total emission
The total token emission is limited to 20,000,000 TLS.
How to deposit TLS tokens?
To deposit TLS tokens to your Tokpie account follow this guide. Make sure that you are going to deposit TLS related to that smart contract address: 0x4afadb32b8fdb334cf9f20afb476a06c1f5b111a (new address after token swap). Otherwise, your transfer will not be identified by Tokpie. The Tokpie exchange doesn’t charge fees for depositing.
How to withdraw TLS tokens?
To withdraw TLS tokens from your Tokpie account follow this guide. You must have an eth compatible address to be able to withdraw TLS. The minimal withdrawal amount is 10 TLS. Withdrawal commission is 5 TLS.
Tokpie beta 2.0 released. Check out the new features aiming to improve cryptocurrency trading, staking, borrowing and more.
Learn about the recent Tokpie cryptocurrency exchange platform updates and improvements.
Collateralize Asset tool
Collateralize Asset tool allows Tokpie users to do the following:
deposit bounty stakes of supported cryptocurrency projects in seconds
settle previously deposited bounty stakes in seconds
Thanks to the collateralization users can deposit bounty stakes even if they have not yet earned them! Collateralization means using TKP tokens as collateral. In other words, the Collateralize Asset tool is the core element of Bounty Stakes Trading 2.0.
Borrow tool is the main feature of the Tokpie’s P2P Lending solution. It allows Tokpie users to do the following:
issue promissory notes to get a loan
settle previously issued promissory notes to unlock collateral
issue promissory notes to get a loan
As a result, Tokpiee users can borrow money: stable coins or any other cryptocurrencies. Moreover, a borrower can use TKP and other popular altcoins as collateral with up to 90% LTV ratio. Learn how it works for TKP token now.
The Borrow section is located on the left toolbar (screenshot above).
Crypto Bounty Analyzer
The Bounty Analyzer has no analogy on the crypto market. It not only saves time but also helps to determine:
what bounty is worth for joining
which bounty stakes are overbought and oversold
what are the forecasted market capitalizations of all listed projects based on their bounty stakes prices (BIDs)
Best bounties and prices of their stakes
Tokpie has located the Bounty Analyzer on a separate page. Many updates of that tool will be made soon. Besides, this is a fundamental premise for the new product that Tokpie will release in Q1, 2020.
Usability updates
Tokpie devs made two useful updates to improve order book functionality.
Base cryptocurrency description
Every order book now contains a link to the description of the base cryptocurrency (screenshot below).
Asset description and balances
Balances of base and quote cryptocurrencies
In addition, every user can now see his available balances of base and quote cryptocurrencies. For example, for a CRAD/USDC pair, a base cryptocurrency is CRAD token and quote cryptocurrency is USDC.
Lend and borrow TKP token at fair-market rates, enjoy early repayments without penalties. No KYC and credit checks. Lend and take returns at any time, no minimum deposit, no lockups. Welcome to the new era of cryptocurrency lending based on promissory notes trading!
P2P lending on Tokpie. The new way of token staking.
P2P cryptocurrency lending on Tokpie exchange built on promissory notes trading. Applying to TKP token lending, a borrower issues a TKP promissory note pledged by collateral and sells it on the free market to get a crypto loan. On the other side, a lender buys the promissory notes at a discounted price to get a full principal amount of TKP later and make a profit. In addition, peers can use many other profitable strategies and tactics. Welcome to the new era of token staking!
Being based on Promissory notes trading, TKP lending is like token staking but better. Although token staking rewards might be more predictable, TKP lenders can set any interest rates, receive profits and take funds back at any moment. All other benefits are described in the next section.
Advantages
Peer-to-peer TKP token lending built on promissory notes trading, provides lenders and borrowers with the following unique advantages:
Fair-market interest rates
TKP lenders and borrowers negotiate interest rates through bargaining on promissory notes prices. As a result, peers are always defining fair-market interest rates.
Cancelation at any time without penalties
A lender can cancel a deal at any moment by selling promissory notes that he has previously bought. Besides, a borrower can cancel (settle) his loan at any moment without penalty by buying back a promissory note initially issued and traded.
No minimal deposits and lockups
TKP token staking through lending and borrowing is possible starting from just 1 TKP token. Moreover, there is no need to lockup funds. If a lender urgently needs the money he can just sell promissory notes.
No KYC and credit checks
Tokpie exchange’s users don’t have to pass through the KYC procedure for making crypto withdrawals below $2,500.00/day threshold. Also, borrowers don’t have to prove their incomes and credibility.
The TOKPIE (TKP) is an ERC20 token of Tokpie exchange. Token total issuance is 100,000,000 TKP. The utility value and benefits of having TKP tokens are the following:
500% trade fees discount
Almost 200% discount on withdrawal commissions
Receiving airdrops in altcoins of all listed projects every week
Up to 70% referral bonus
Accepted as means of payment on Tokpie IEO Launchpad
Used as collateral for bounty stakes depositing
Accepted for P2P lending and borrowing ?
Ability to increase LTV (loan-to-value) ratio up to 90% for P2P borrowing. ?
What is a Promissory Note?
Applying to TKP token, a one TKP Promissory Note is a digital title that confirms the issuer’s promise to pay 1 (one) TKP to Tokpie at the specified maturity date. Tokpie, in turn, will guaranty to pay 1 (one) TKP to any holder of one Promissory Note at the specified maturity date.
A user can issue and sell (to get a loan), buy (to lend), settle before the maturity date or hold until repayment TKP promissory notes. Because of internal circulation, users can not withdraw Promissory Notes from the Tokpie exchange.
How to lend TKP tokens?
To lend TKP tokens and earn competitive returns you need to become a holder of TKP promissory notes. In other words, TKP token lending is the same as purchasing TKP promissory notes as described below:
Make sure that you have TKP tokens on your Tokpie account balance. If you don’t have TKP tokens you can deposit them from outside or buy on Tokpie TKP/ETH and TKP/USDC markets.
Maturity refers to the date when a Promissory note principal amount is repaid. For example, a TKP_PN_15_Mar_2020 note will mature on March 15, 2020; the holder will receive the principal amount on that date
After that, click on [BUY], enter quantity, price, and press [SUBMIT ORDER] button.
Lend TKP by buying promissory notes
Example
To make a profit a lender needs to purchase TKP Promissory Notes from other users at a discounted price. As shown in the figure above, a lender is going to purchase 100 Promissory notes at a price of 0.95 TKP per note. The cost of the deal will be 95 TKP (100 x 0.95).
Therefore, the lender will get 100 TKP (1 TKP principle amount x 100 notes) on March 15, 2020, maturity date. The profit will be 5 TKP (100-95); that equals 20.44% APR (Annual interest rate) if the lender holds the promissory notes until March 15, 2020.
In addition, if promissory notes’ prices go up, a lender could sell them in seconds at any time before the maturity date and also make a profit!
TIP: Lenders can set any BID price and bargain in the Order Book trying to purchase at a lower price. It will increase the so-called token staking reward. In other words, the lower purchase price the higher profit a lender will get!
Profit explanation: A lender’s income is calculated as (1- price) x quantity of Promissory notes bought. So, the lower a purchase (matched) price the higher income will be earned. Lend APR explanation: Annual Interest Rate is calculated as (1-price) / price / number of days until the promissory note maturity date x 365 x 100%. Therefore, to maximize returns, the lender should try to purchase a Promissory note with the earliest maturity date and at the lowest price.
How to borrow TKP tokens?
To get a loan in TKP tokens you need to issue and sell TKP promissory notes as described below.
How to Issue TKP promissory notes?
To issue TKP promissory notes perform the following steps:
Make sure that you have funds (ETH, USDC or TKP tokens) for collateral on your Tokpie account balance. If you don’t have any of collateral cryptocurrencies, deposit them from outside.
Select a Promissory Note title. For example, a title TKP_PN_15_Mar_2020 means a TKP token Promissory Note with March 15, 2020 maturity date.
Enter how many Promissory Notes you want to issue. The issue of 1 promissory note is like a creation of a new digital asset that gives its holder a right to get 1 TKP token in the future (future is maturity date e.g. on March 15, 2020). NOTE: You don’t make any loan when issuing promissory notes. Because only you’re the holder of promissory notes which have been just issued.
After that, select collateral cryptocurrency. You can choose ETH, USDC, or TKP tokens. In the next grey colored fields, you could see the required collateral amount and how much of them available on your balance.
To complete the Promissory notes issue, check a box and press ‘Collateralize & Deposit’ green button.
If you have enough collateral amount, TKP Promissory Notes appear on your Tokpie account and you can sell themto get a loan. You can trade promissory notes all at once or partially as any other crypto asset for competitive prices.
TIP: After a successful Promissory notes issuance you also see them in your Collateralized Assets table, click on the hummer icon (as shown in the picture above) to open the related order book and sell.
What is a collateral cryptocurrency?
A collateral cryptocurrency is an asset that can be used as “collateral” for promissory note issuance. Currently, Ethereum (ETH), USDC, and TKP can be used as collateral currency when issuing TKP promissory notes.
What is the collateral amount?
A user sees the required amount of collateral cryptocurrency before promissory notes issuance. The platform calculates it automatically due to the formula: (Quantity x Price / LTV) x 100, where Price is a USD equivalent of the current highest BID of the promissory note that is going to be issued. Quantity is the number of promissory notes which are going to be issued LTV is a Loan-to-Value ratio. LTV ratio varies from 70% to 90% depending on a user’s subscription plan.
How to increase LTV (Loan-to-Value) ratio?
All Tokpie users get Trial status with a 70% LTV ratio when register. To increase LTV ratio up to 90% a user shall upgrade his subscription plan from Trial to the Light, Standard, Premium or Enterprise plan. It will require a specified amount of TKP tokens to be locked on a user’s Tokpie account balance. Check all plans and their advantages here.
How to settle promissory notes before the maturity date?
Open the Borrow section, and click on the settle button in the related line as shown in the picture below. The result, the system unlocks collateral in a few seconds. Moreover, you do not pay any penalty or fees for the settlement made before the maturity date. Important: To settle, you must have the same amount of the same Promissory Note title available on your account balance.
Settle to Unlock collateral before the maturity date.
Open a related order book. Every Promissory note has one related Order Book (market) where peers can trade it until maturity date: TKP_PN_15_Dec_2020 (Maturity date: 15-DEC-2020) TKP_PN_15_Mar_2021 (Maturity date: 15-MAR-2021) TKP_PN_15_Jun_2021 (Maturity date: 15-JUN-2021) TKP_PN_15_Sep_2021 (Maturity date: 15-SEP-2021)
Sell TKP Promissory Notes: click on [SELL], enter quantity, price, and press the [SUBMIT ORDER] button.
Get a loan by selling promissory notes
Example
As shown in the figure above, a borrower is going to sell 100 Promissory notes to lenders at a price of 0.94 TKP per one note.
After clicking on the Submit Order button, a borrower gets 94 TKP (0.94 TKP price x 100 notes) IMMEDIATELY. The potential Borrow APR (Annual interest rate) of that deal could be 24.78% if a borrower waits for a maturity date and repay principal amount 100 TKP on March 15, 2020.
However, a borrower has a great option to settle the Promissory Notes before maturity date at any time and unlock collateral! No, any penalties or fees will be charged for such settlement (early repayment). An early repayment makes sense when a borrower urgently needs to withdraw collateral or when promissory note price goes down. If the price goes down a borrower can purchase the same amount of the same promissory note title and click settle as shown here. The profit will be the difference between the sale and the purchase prices.
TIP: A borrower can set any ASK price and bargain in the Order Book trying to sell at a higher price. In other words, the higher the selling price the lower the borrow APR (cost of a loan)!
How to repay Promissory notes and unlock collateral?
There are two options. The first one is to settle before the maturity date. The second option is to wait for the maturity date. During the Promissory note maturity day, the system will deduct the note’s principal amount from the issuer balance automatically. For example, if a user issued 100 [TKP_PN_15_Mar_2020] then 100 TKP will be deducted from his balance between March 15, 2020, 00:01 UTC and March 15, 2020, 23:59 UTC.
What happens if the Promissory notes are not paid?
If on the maturity date, a borrower doesn’t have enough quantity of TKP tokens to pay the promissory notes which he had issued, the system will liquidate collateral.
How to get ETH by borrowing TKP
To get Ethereum (ETH) by borrowing TKP do the following:
APR (Annual Percentage Rate) is the annual rate showing the ‘cost’ of borrowing or ‘profit’ earned through lending. The APR formula is (1-price) / price / number of days until the promissory note maturity date x 365 x 100%. Borrow APR is expressed as a percentage that represents the potential yearly cost of crypto funds if a borrower repays a promissory note on its maturity date. It’s called potential cost because a borrower can settle a promissory note at any time before maturity. Lend APR, equals to borrow APR, but represents the potential yearly income of crypto funds if a lender buys and holds a promissory note until its maturity date. It’s called potential income because a lender can sell a promissory note at any time before maturity. Example: When a borrower receives 0.9 TKP on Dec 15, 2019, by selling a promissory note, that will mature on Mar 15, 2020, he will have to repay 1 TKP in 90 days. The cost of that loan is 0.1 TKP (1-0.9) for 90 days. APR = 0.1 / 0.9 / 90 x 365 x 100% = 45.06%
Fees
Small trading fees are applied depending on a user’s subscription plan.
Profitable strategies for TKP lending and borrowing
Promissory notes trading strategy
Take a profit by buying TKP Promissory notes at a low price to sell them at a higher price and vice versa.
TIP: The growing price of promissory notes and plenty of BIDs in the order book is a good sign that the token’s spot price will grow soon on ordinary exchanges.
DeFi strategies to escalate incomes
Additional ways to increase income is to utilize two decentralized-finance arbitrage strategies.
Cross-cryptocurrencies arbitrage
Follow the simple strategy borrow at Low Rate and Lend at a High Rate. Institutional traders utilize that approach for decades in classic fiat markets when for example they borrow EUR at a low rate and lend USD at a higher rate because of ECB and FED different interest rates. Therefore, you can catch an option to lend USDC, ETH, or any other crypto at a higher APR than a borrowing rate for TKP token on a moment. In that case, TKP will be a funding currency. On the other hand, sometime TKP token lending rates can higher than borrow APR of other cryptocurrencies on any other platforms. In that case, it makes sense to get a loan in another crypto and invest in TKP token lending.
Cross-markets arbitrage
Another option is to make arbitrage by selling (borrowing) Promissory notes in one market with low APR and simultaneously buying (lending) a Promissory note of the same currency with another maturity day on another market at a higher lend APR.
Passive income strategies
Above all, users can use simple passive income strategies without funds locking and minimal deposits. Lending TKP is like token staking but better because getting token staking yields always requires locking of funds.
Purchase TKP promissory notes when TKP token lending rates are high.
TKP token lending is especially profitable when TKP price is going to grow
When TKP token is oversold, buy long-duration TKP promissory notes
Regularly lend if you have TKP surplus
Hedging strategies
Due to constant market fluctuations borrowing strategies could allow you to earn profit and hedge the risks of the TKP token price dump:
Get a TKP loan when borrow APR is low
Borrow TKP if urgently need TKP, USDC or ETH
Sell TKP promissory notes (borrow) if TKP price is going down
When TKP overbought (price is too high) it’s better to borrow it then purchase directly from the market.
In case you face a TKP shortage, but can not find enough liquidity, try to borrow TKP instead of pumping the price.
Summary
TKP is becoming one of the best staking coins thanks to the unique P2P lending solution based on Promissory Notes trading. Borrowers can get instant loans from peers with fair-market rates, trade them or repay at any time without penalties. They also don’t have to pass through KYC and credit checks. Moreover, the ability to take funds with returns at any time and the absence of minimum deposit makes TKP lending better than any other token staking.
Who knows how to make the most powerful decentralized exchange? John McAfee does know it 100%.
The latest John McAfee’s blockchain venture, McAfeeDEX is a mega-hyped decentralized exchange. Moreover, it is offering a free listing for Eethereum-based tokens. These facts could make this exchange a Forkdelta killer in the near future.
Besides, McAfeeDEX has already passed the CoinMarketCap phase #1 exchange listing process. It means that all ERC20 altcoins listed on McAfeeDEX will automatically gain traction on CMC sooner or later.
Hence, the Tokpie team has decided to list the TOKPIE (TKP) token on McAfeeDEXwithout hesitation. The following pairs are available:
Read below to know how to list your token too.
TOKPIE (TKP) token on McAfeeDEX
How to list cryptocurrency on McAfeeDEX
Anyone can list any ethereum based token on McAfee’s for free in few steps:
Activate your Metamask
Open McAfee DEX
Click on ‘Add Token’
Enter your token smart contract’s address, ticker (symbol), and decimals in the next window
Click on Confirm
Click on ‘Add Token’ in the upper menu bar.
Enter your token smart contract’s address, ticker (symbol), and decimals
Additional trading pairs on McAfeeDEX
It is possible to trade ERC20 tokens against Ethereum (ETH) and other additional stable coins. Currently, the following quote currencies (stable coins) are available:
DAI
DAI is a decentralized stable coin based on the Ethereum ERC20 standard. Every DAI is pegged to $1 USD.
WBTC
WBTC is an ERC20 token wrapped by Bitcoin. This is the first Eethereum based backed 1:1 with Bitcoin.
BUSD
BUSD is an invention of the Binance exchange and Paxos Trust Company. One BUSD represents one US dollar-backed stable coin.
TUSD
TUSD is a symbol for TrueUSD token, a price-stable cryptocurrency pledged by US Dollars. The TrustToken, a platform issued TUSD, is aiming to tokenize real-world currencies (USD, Yen) and valuable assets (real estate, art, and IP).
Additional markets (quote currencies) are available
What is TKP
TKP is a token of Tokpie exchange. It’s a first-ever cryptocurrency exchange that provides Bounty Stakes Trading service. Tokpie users can trade, earn and invest as never before. Moreover, holders of TKP can benefit through 500% trade fees discount, regular airdrops, and many other perks and bonuses.
What is McAfeeDEX
McAfeeDEX is a decentralized exchange. It’s based on Ethereum blockchain and backed by John McAfee. To make trade deals you can be a resident of any country. Traders don’t need to provide any documents and emails. The exchange works in a completely decentralized way. The Takers pay 0.25% transaction fees. At the same time, Makers don’t pay anything.
Please note that at the moment of writing this article, McAfee’s exchange is on beta testing. Therefore, some functions e.g. price chat displaying or balance updating may work weirdly. In addition, Coingecko currently doesn’t support McAfee exchange.
Get back TKP collateral at any moment before bounty distribution or 48h after.
To get back TKP collateral tied during PGPAY bounty stakes depositing, use one of the following options:
Get collateral back BEFORE bounty distribution
It’s possible to return PGPAY bounty stakes, which you had previously deposited at any time before PGPAY tokens distribution to bounty hunters.
How to do that? 1. Open Collaterelize Asset page 2. Find the line with the bounty stakes which you want to settle 3. Click on [settle] button as shown in the screenshot below.
Settling of deposited bounty stakes.
The result, the same amount of previously collateralized and deposited bounty stakes will be deducted from your Tokpie account balance. At the same time, the tied TKP tokens will be released.
IMPORTANT: Make sure that you have the same stakes available on your balance in the same amount. If you don’t have, then close all opened orders or buy these stakes in the related market.
Get collateral back AFTER bounty distribution
If you don’t do as described in the 1st option above, then Tokpie sends you an email notification containing the following information:
amount of PGPAY tokens that you must send to Tokpie. It’s calculated as stakes-to-token conversion rate x the number of unsettled bounty stakes;
a wallet address to which you must transfer this amount of PGPAY tokens.
NOTE: – Tokpie sends such email notification only after PGPAY tokens are distributed to all bounty hunters. After getting email notice, you will have 48 hours to send PGPAY tokens; – After a successful transfer, you will get back TKP tokens previously tied as collateral and your obligation will be settled automatically;
What if bounty campaign fails
If PGPay bounty doesn’t distribute PGPAY tokens to bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user who has collateralized and deposited PGPAY bounty stakes, due to the formula:
TKP pledged as collateral - TKP tokens already obtained by a user from selling the related bounty stakes
NOTE: – By clicking on the links above you can sell/buy at any price you want, check the market depth, view current bids, asks, last matched prices and price charts; – You may sell and buy PGPAY bounty stakes only until PGPAY token distribution event that is planned on February 21, 2020; – You can check all bounty stakes prices at any time without registration; – The following trade fees are applied.
Get Ethereum (ETH) and USDC.
You can get ETH or USDC at any moment by selling (if want) TKP in the following order books:
Congratulation! You have monetized your bounty work long before PGPAY tokens distribution. All that you will need to do is to settle your obligation on time.
Get bounty stakes on your Tokpie account balance in three steps.
Open collateralization page
After signing up or logging Tokpie, Open Collateralize Asset page, and select bounty stake type that you want to deposit.
PGPAY bounty stakes depositing
The following PGPAY Bounty stakes are available for collateralization and depositing:
PGPAY_CA_Stake_Signature
PGPAY_CA_Stake_Facebook
PGPAY_CA_Stake_Twitter
PGPAY_CA_Stake_Medium
PGPAY_CA_Stake_Telegram
Enter how many bounty stakes you want to deposit.
You can deposit any quantity of bounty stakes starting from 0.01 stakes. It doesn’t matter whether you have earned bounty stakes or not! In the grey fields, you can see how much TKP tokens are required for collateral and how much TKP you have on your Tokpie account balance. Important: if bounty fails Tokpie returns collateral to you!
Click on the [Collateralize & Deposit] button
Congratulations! You have just deposited PGPAY bounty stakes on your Tokpie account balance and can sell them at any price you want.
