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.
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.
“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.
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
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.
Crypto Bounty Stakes Trading allows to get ETH, USDC for bounty work immediately and upfront. No need to wait many months before receiving unpredictable reward.
Help to sell and buy bounty stakes.
Forget about hard manual work aiming to find out how much money you could earn by participating in crypto bounties, selling and buying bounty stakes. Introducing, Crypto Bounty Analyzer – an automated and free bounty analysis tool.
Сatch the best moments to sell and buy bounty stakes. Find the most profitable crypto bounties to join. Save your time every day!
The tool analyzes all bounty stakes listed on Tokpie exchange to provide the following:
The related project name and website link
Bounty stakes title as it used on Tokpie exchange
The market where the bounty stake is traded
Bounty pool allocation percentage applied to a bounty campaign and to each bounty category
The number of a listed project’s tokens allocated to a bounty campaign and to each bounty category
The number of bounty stakes which have been already earned by all participants due to related bounty spreadsheets
The forecasted number of bounty stakes that would be probably earned by all participants at the end of a campaign
The forecasted number of tokens which would be probably given for 1 bounty stake in the future
The current highest bid price of 1 bounty stake
The forecasted market capitalization of a project and every related bounty stake. This is the main parameter that allows you to find the most undervalued or overvalued bounties for joining them, buying or selling stakes
Automated recommendation to buy or sell
Links allowing to earn, deposit and trade the related bounty stakes
The approximate day when the trading will be stopped
Problems it solves
The Crypto Bounty Analyzer is an absolutely unique solution. Being filled with dozens of different projects’ bounties, it solves the core problems of bounty hunters, traders, investors, and crypto projects.
Bounty hunters problems
It’s hard to know what is the best bounty to join;
It’s hard to decide: keep bounty stakes and get the related tokens later or sell them now to get Ethereum, USDC, and TKP.
It’s impossible to know what is the transparent (market valued) capitalization (a token price) of a project on early stages;
it’s hard to stand out a project from hundreds of others and promote its token sale
It’s hard to avoid token price dump caused by bounty hunters selling tokens after distribution at any (low) prices.
Learn how crypto projects can boost token sales and avoid price dump thanks to the Bounty Stakes Listing.
Crypto Bounty Analyzer provides up-to-the-minute updates for all market data found on the Tokpie exchange. Every three minutes, all order books where bounty stakes traded are queried for their most recent market data. Here is a detailed description of how each metric is calculated.
Many new hunters will join your campaign. They will be attracted by the possibility to exchange bounty stakes for ETH, USDC, TKP upfront and immediately. This option will stand out your project from hundreds of others.
Tokpie promotes your project through all its media channels and direct emails targeting 10,000 Tokpie’s users.
Get listed on Bounty Analyzer to find out your forecasted market cap (and token price)
Avoid token price dump when goes to exchanges
Bounty Stakes Listing 2.0 decreases the risk of price dump by 90% because impatient hunters are allowed to sell their bounty stakes during the campaign, before token distribution.
Get promoted in the most simple and fastest way
Just one mutual crosslinked announcement shall be made, no any additional integration work from project side is needed.
Ability to get service at the earliest possible stage (minimal requirements to project quality).
Get your token listed for FREE
When bounty campaign of a project is over, Tokpie lists a project’s token on TKP market for free. The result a project token automatically appears on CoinGecko and Coinpaprika (and on Coinmarketcap soon). Note: TKP is the token of Tokpie exchange, like BNB for Binance.
HOW IT WORKS
Tokpie and a project publish acrosslinked announcement;
Tokpie lists a project’s bounty stakes in TKP market. For example, [ABC_stake_facebook / TKP], [ABC_stake_siganture / TKP], and so on, where ABC is the name of a project.
After that, any person can sell and buy these bounty stakes for TKP tokens. People can exchange TKP tokens for ETH and USDC on Tokpie in seconds, at any moment!
When a bounty is over, those people who were selling bounty stakes of ABC project shall deliver the related amount of ABC tokens to Tokpie. The Tokpie, in turn, delivers these ABC token to those who were buying ABC bounty stakes.
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.
Tokpie devs released the first version of a Collateralize Asset section. Through this section, Tokpie users could deposit bounty stakes pledged by TKP collateral. It will allow making stakes depositing in seconds and in advance! Know more.
This is a good practice to refer to the publications where Tokpie is mentioned. This is why you can see now the Press section on our main page. Besides, the more people know about bounty stakes trading, the better trade volumes Tokpie will get.
The following improvements are now available on Tokpie cryptocurrency exchange platform:
1. Searching tools for asset selection
Now users can easily select a required asset on the dashboard (image 1) and on any order book (image 2). An asset might be a bounty stake title [stakes] or a coin/altcoin, which are tradable on Tokpie.
2. UI improvements
Thanks to the iconusers can now easily recognize a tradable asset in the Balance Details page (image 3)
Also, an asset selector contains different icons: for bounty stakes and for coins/altcoins.
3. Total order value in the quote currency
Users can see now how much quote currency is required to submit a trading order [price x quantity] in order submission page (image 4).
1. The new section ‘USDC Markets’ was added to Tokpie website. It displays market data (obtained via API) of all pairs traded against USDC (USD stablecoin) on Tokpie.
The first pair we have added into that market was ETH / USDC with USDC as a quote currency. To open this new section, go to Market Statistics then click on USDC Markets tap (Figure 1).
2. The ability to edit trade orders has been removed. So now to change a trading order price, a user has to delete a trade order in My orders section and submit a new one.
3. Other fixings were made to decrease order books uploading time.
The upcoming updates will be related to:
An asset searching tool will be added to the platform to simplify the process of asset selection;