Tether USD on the Ethereum Blockchain: the most tradable ERC20 token!

Learn all about the USDT (ERC20) and its advantages.

After being enabled on 5th January 2018, Tether USD on the Ethereum blockchain has become the TOP #1 ERC20 token by market cap, trade volume, and the number of token-holders. Learn what is USDT, why Eethereum is a preferable layer to transport Tether, how to trade it and more.

Top ERC20 tokens
USDT is a top-rated ERC20 token

What is Tether USD on the Ethereum Blockchain

Tether USD on the Ethereum Blockchain is an ERC20 token issued on the basis of smart contract: 0xdac17f958d2ee523a2206206994597c13d831ec7.
Token name: Tether USD
Token symbol: USDT

By issuing USDT on Etherum blockchain, the Tether Operations Limited claimed that every tether token is always 100% backed by company reserves. Such reserves may consist of the traditional US Dollars, cash equivalents, and other assets and receivables from loans made by Tether to third parties, which may include affiliated entities. The Tether company is always ready to convert every 1 USDT to 1 US dollar.

T letter logo means Tether
The Tether logo

What is Tether USD market cap

Due to the CMC, the total Tether USD market cap is $4,647,908,834 (Rank 5). This amount includes all transport layers where Tether USD circulates. However, the highest impact (around 58.5%) on the market cap comes from the Ethereum blockchain. It makes Tether (ERC20) be the most preferable way of keeping Tether USD among all other layers.

What is Tether USD trade volume

Tether’s USD daily trade volume is around $43M on March 05, 2020. This is the top volume among all other +245,392 ERC20 tokens. Moreover, the 2nd most traded token has just $0.3M (by 143 times lower) daily trade volume. So huge trade volume means great liquidity. So, if you have USDT on Ethereum blockchain you can always sell it easily.

How many people use USDT

The current number of USDT token-holders can be around +882k.

USDT smart contract
882k addresses hold USDT

However, because one person may have many wallets, you should look at the number of unique USDT senders. As you can see below, more and more people on different exchanges are starting to use Tether on the ERC20 layer. This is because Ethereum blockchain provides the most user-friendly way to accept and send US Dollars value that Tether USDT contains.

Unique USDT senders chart line
The uptrend in the number of unique USDT token senders

What are the transport layers for Tether USD

There are five layers enabled for Tether USD which you can use to transfer (transport) your USDT. If you want to deposit and withdraw Tether USD or use it for buying and selling cryptocurrencies, always double-check what transport layer is going to be used by an exchange. According to the Tether website, the Ethereum blockchain is the most usable layer for USDT. It supports 56% of the total Tether USD circulation.

list of blockchains used to transfer USDT
Ethereum blockchain is the most usable layer for Tether USD

Tether USD: ERC20 vs Omni

Omnilayer is the second popular layer for Tether transferring. The Omnilayer (Omni) is a decentralized asset platform based on the Bitcoin blockchain. Tether enabled on Omnilayer works like Ethereum and its tokens. However, you get four advantages when using Tether USD on Ethereum instead of Omnilayer:

  • Better compatibility with user-friendly wallets
  • Acceptability on most of the exchanges
  • Reduced network fees to transfer Tether
  • Faster withdrawing because of the short (15 seconds) Ethereum block confirmations.

How to sell and buy USDT (ERC20)

To buy and sell USDT (ERC20) for USDC with the best spread, click on the related button below.

Depositing fee: 0
Trading fee: 0.02% – 0.10% (depend on plan)
Withdrawing fee: 1 USDT

No KYC for withdrawals below: $2500/day
Spread: 0.01-0.1%

Moreover, because of the growing adoption, you can trade Tether against many other cryptocurrencies. Find all available markets on CoinMarketCap and CoinGecko.

Useful links

DAI Сryptocurrency in the Ocean of Stablecoins

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.

shows DeFi trend chart
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:

  1. Connect your wallet to Oasis app.
  2. Click on Get Started
  3. Select collateral (currently ETH or BAT)
  4. Walkthrough the vault management
  5. Generate it and confirm

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 a wallet
Connect your wallet to Oasis app
Start the process of genration
Start generating stablecoin
choose collateral
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).

growing number of token senders
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 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.

Oasis platform allows to save DAI
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.

Useful links

TLS Token Listed on Tokpie

Learn how to trade TLS token, what is TLS and other useful links

Tokpie cryptocurrency exchange platform has listed TLS Token (TLS). Know how to deposit, trade and withdraw TLS.

TLS trading pairs

Tokpie users can trade TLS against Ethreum (ETH), USDC and TKP.
Click on the following buttons to open the related Order book.

How to trade?

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.

Useful links

Market statistics on Tokpie
Coingecko
TLS on Etherscan (new token after swap)
TLS Group website

Stay always in touch with Tokpie to Earn, Trade and Invest as never before.

How to Sell PGPAY Bounty Stakes and Get ETH, USDC or TKP

Selling bounty stakes before distribution is now possible in few seconds.

Open order book

After bounty stakes depositing, open the following order books to sell the stakes for TKP.

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:

Check aggregated TKP price here.

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.

Useful Links

How to Get ETH, USDC, and TKP by Selling TLS Bounty Stakes

After depositing TLS bounty stakes on your Tokpie account balance you can exchange them on TKP, ETH, USDC in seconds as explained below.

1. Sell TLS bounty stakes for TKP at any price you want.

The following markets available:

NOTE:
– By clicking on the links above you can submit a trade order at any price you want, check the market depth, view current bids, asks, last matched prices and price charts;
– You may sell and buy TLS bounty stakes only until TLS token distribution event;
– You can check all bounty stakes prices at any time without registration;
– The following trade fees are applied.

2. Get Ethereum (ETH) and USDC.

Also, you can exchange TKP tokens on ETH or USDC at any moment in the following markets:

Check aggregated TKP price here.

Congratulation! You got the money for hard bounty working long before TLS tokens distribution. All that you need now is to settle your obligation on time to get collateral back.

Useful Links

Sell Refine Medium Bounty Stakes to Get Etheum, USDC, and TKP

How to receive ETH, USDC, and TKP by selling Refine Medium (XRM) bounty stakes before token distribution.

1. After bounty stakes depositing, open the following order books to sell the stakes for TKP at any price you want:

NOTE:
– By clicking on the links above you can submit a trade order at any price you want, check the market depth, view current bids, asks, last matched prices and price charts;
– You may sell and buy XRM bounty stakes only until XRM token distribution event;
– You can check all bounty stakes prices at any time without registration;
– The following trade fees are applied.

2. Get Ethereum (ETH) and USDC.

You can get ETH or USDC at any moment by selling (if want) TKP in the following markets:

Check aggregated TKP price here.

Congratulation! You have monetized your bounty work long before XRM tokens distribution. All that you need now is to settle your obligation on time.

Useful Links

How to Get ETH, USDC, and TKP for Refine Medium Bounty Stakes Immediately

Know how to get Ethreum (ETH), USDC and TKP immediately and upfront by selling Refine Medium bounty stakes.

Any participant of Refine Medium bounty and any Tokpie user can get ETH, USDC or TKP by selling XRM bounty stakes in three simple steps.

Deposit bounty stakes.

You can deposit any amount of Refine Medium bounty stakes even if you have not earned them, as explained here.

Sell bounty stakes.

Sell the deposited bounty stakes for any price you want to get Ethereum (ETH), USDC and TKP as shown here. You can also purchase XRM bounty stakes to get the XRM tokens after distribution.

Settle your obligation.

Settle your obligation at any time or soon after XRM tokens distribution as described here.

FAQ

Q: Shall I pay for trading bounty stakes?
A: Yes, small trade fees and withdrawal commissions are applied.

Q: May I see some feedbacks for how it works?
A: Sure, Tokpie exchange provides its services since September 2018. Read all feedbacks in the ANN thread dedicated to the Bounty Stakes Trading 

Q: What is the Tokpie?
A: Tokpie is the first cryptocurrency exchange that provides a unique Bounty Stake Trading service to hunters, cryptocurrency traders & investors.

Useful Links

How to Sell FRED Bounty Stakes to Get Ethereum, USDC, and TKP

After depositing FRED bounty stakes on your Tokpie account balance you can exchange them on TKP, ETH, USDC in seconds as explained below.

1. Sell bounty stakes for TKP at any price you want.

The following markets available:

NOTE:
– By clicking on the links above you can submit a trade order at any price you want, check the market depth, view current bids, asks, last matched prices and price charts;
– You may sell and buy FRED bounty stakes only until FRED token distribution event;
– You can check all bounty stakes prices at any time without registration;
– The following trade fees are applied.

2. Get Ethereum (ETH) and USDC.

If want you can exchange TKP tokens on ETH or USDC at any moment in the following markets:

Check aggregated TKP price here.

Congratulation! You have monetized your bounty work long before FRED tokens distribution. All that you need now is to settle your obligation on time.

Useful Links

Get Ethreum (ETH), USDC and TKP for EFT Round 4 Bounty Stakes

Know how to exchange deposited bounty stakes on TKP, ETH, USDC.

1. Check prices and Sell bounty stakes for TKP in the following markets for any price you want:

NOTE:
– By clicking on the links above you can submit a trade order at any price you want, check the market depth, view current bids, asks, last matched prices and price charts;
– You may sell and buy EFT bounty stakes (rounds 4) only until EFT token distribution event;
– You can check all bounty stakes prices at any time without registration;
– The following trade fees are applied.

2. Get Ethereum (ETH) and USDC.

You can keep TKP to get many bonuses or exchange TKP tokens on ETH or USDC at any moment in the following markets:

Check aggregated TKP price here.

Congratulation! You have monetized your bounty work long before EFT tokens distribution. All that you need now is to settle your obligation on time.

Useful Links