Asset Collateralization Rules

The process of asset collateralization allows Tokpie users to deposit bounty stakes in seconds and in advance.

To understand the process of collateralization, read the following rules.

Abbreviation

  • Asset: is any digital asset that could represent specified bounty stakes of a particular project which are listed on Tokpie exchange and available for trading
  • Bounty campaign: is a marketing program aiming to promote a specified project where hunters can earn a project’s tokens.
  • Bounty stakes: are the points which are used as the means of evaluation of bounty hunter’s performance during a project’s bounty campaign. Every bounty stake represents the right to receive a project’s tokens in the future when stakes-to-token conversion rates are being defined.
  • Bounty Stakes Trading 2.0: is an alternative way to deposit and trade bounty stakes on Tokpie exchange.
  • Collateral: is the specified amount of TKP tokens pledged as security for obligation settlement. If a hunter fails to settle his obligation then he loses the corresponding collateral.
  • Collateralization: is the process of depositing bounty stakes on a user account balance and locking the corresponding amount of TKP tokens as collateral.
  • Collateralize: is an action leading to the depositing of particular bounty stakes on a user account balance after locking the corresponding amount of TKP tokens as collateral.
  • Depositing: is a process resulting in appearing bounty stakes on a user account balance.
  • Hunter: is a bounty hunter or bounty participant who is engaged in a Project’s bounty.
  • Obligation Settlement: is the process of unlocking TKP collateral that was initially used for the asset (bounty stakes) depositing.
  • Project: is a cryptocurrency startup, ICO, STO or a company that runs its bounty campaign and whose bounty stakes are listed on Tokpie.
  • Project’s tokens: any altcoin (token or coin) issued by a Project and used to reward bounty hunters who participate in Project’s bounty campaign.
  • Settle: is an action leading to the withdrawing of particular bounty stakes from a user account balance and unlocking the corresponding amount of TKP tokens initially pledged as collateral.
  • Stakes-to-token conversion rate: is a rate that defines how many tokens are to be distributed to a bounty hunter for the number of stakes earned in a specified bounty campaign.
  • TKP: is an ERC-20 token issued by Tokpie exchange that provides its holders with the following benefits.
  • Tokpie: is a cryptocurrency exchange that provides its users with the unique bounty stakes trading service.
  • User: A person who has registered Tokpie exchange.

1. Collateralization and Depositing

  1. A user has an option to deposit bounty stakes, which are listed on Tokpie exchange under Bounty Stakes Trading 2.0 solution. To make such depositing a user shall provide collateral in TKP tokens. The size of the TKP collateral is calculated due to the formula:

    Stake price x Quantity x Collateral rate

    Where,
    Stake price is the best BID price from the related order book,
    Quantity is how many stakes you want to collateralize and deposit,
    Collateral rate is a number from 1.4 to 3.0 that depends on your price plan.
    The following collateral rates are applied:
    Trial plan: 3,
    Light plan: 2.5,
    Standard plan: 2,
    Premium plan: 1.8,
    Enterprise plan: 1.4.
    It means that a user having Enterprise status gets the lowest 71.4% LTV (Loan-to-Value Ratio).
  2. Tokpie freezes TKP tokens pledged as collateral on a user account balance automatically when a user clicks on [Collaterilize & Deposit ] button here. At the same time, Tokpie depositing the corresponding amount of bounty stakes on a user account balance.
  3. To get back TKP tokens pledged as collateral, a user shall settle his obligation as described below.

2. Obligation Settlement

  1. Settlement before a project’s token distribution. A user has an option to return bounty stakes, which he had initially collateralized and deposited at any time before the token distribution event. If a user had already sold these bounty stakes, then he can buy the required amount in the related market here before the project’s token distribution to the bounty hunters.
  2. Settlement after a project’s token distribution. Alternatively, a user has an option to settle his obligation regarding the initially collateralized & deposited bounty stakes by providing Tokpie with the related project’s tokens. The number of a project’s tokens to be provided is defined in accordance with the formula (unless otherwise stipulated by the rules):

    stakes-to-token conversion rate x the number of unsettled bounty stakes

    After a project’s token distribution event, Tokpie sends an email message to all users who still have unsettled obligations. After receiving such email, a user shall send a project’s tokens to Tokpie withing 48 hours.
  3. After a user performs any of the above options to settle his obligation, Tokpie returns the corresponding TKP collateral to a user.

Bounty fails

If a user had collateralized and deposited bounty stakes of a project that is not going to distribute its tokens to all bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user due to the formula:

TKP pledged as collateral - TKP tokens already obtained by a user from selling the related bounty stakes

For any questions, you can contact us at https://t.me/tokpie


TKP Token Holding Value and Price-Tracking Announcement

While the overall crypto-market is still going down, the TOKPIE allows everyone to easily earn Ethereum (ETH). Know how to increase your earning by holding TKP token even more.

A brief outline of this announcement:

  • What is TKP token holding value
  • Holding TKP’s value example
  • TKP token price-tracking on Coinpaprika

What is TKP token holding value

TOKPIE exchange platform by default charges a 0.1% trade fee every time a user makes a trade and 0.009 ETH withdrawal commission.

A user can hold TKP in order to reduce the above platform fees.

By holding TKP, users are able to reduce:

  • trade fees to 0.08%, 0.06%, 0.04% and 0.02% 
  • ETH withdrawal fees to 0.008 ETH, 0.007 ETH, 0.006 ETH and 0.02 ETH.

Holding 20,000 TKP reduces trade fees to 0.08% and withdrawal fee to 0.008 ETH
Holding 25,000 TKP reduces trade fees to 0.06% and withdrawal fee to 0.007 ETH
Holding 35,000 TKP reduces trade fees to 0.04% and withdrawal fee to 0.006 ETH
Holding 50,000 TKP reduces trade fees to 0.02% and withdrawal fee to 0.005 ETH

This functionality is especially useful for very active bounty hunters, see below for an example.

Also, many other bonuses are available for holding TKP tokens.

Holding TKP value example

  • A bounty hunter earns $10 in bounties per day. At a 0.1% trade fee, 0.009 ETH withdrawal commission and ETH/USD price $300, this means that he would be missing out on $2.7+ in profits every day since they go away in platform fees.
  • This same bounty hunter can now hold 50,000 TKP, valued at approximately $35 at the time of writing, reducing his fees to just $1.5/day.
  • That means that by holding 50,000 TKP, this hunter will now be making $36 more per month.
  • Actually, TKP holding is extremely attractive for active bounty hunters.

To start holding TKP token, simply buy TKP here then click on [Upgrade].

Change your status
Upgrade Your Plan on Tokpie

TKP token price-tracking on Coinpaprika

Existing and potential TOKPIE (TKP) token holders can now easily track TKP price, the volume, live Price Chart, ROI and other token related details on Coinpaprika. In addition, it’s now possible to compare TKP to similar tokens and use TKP price-tracking widget.

Want to grow with us? Stay in touch with TOKPIE.

Get Ethereum Immediately for different Bounty Stakes

Did you ever dream to get Ethereum (ETH) immediately for bounty work?

If โ€œyesโ€ then follow the links below to earn some stakes of thoroughly selected projects and trade part of them instantly on Tokpie exchange platform. Alternatively, ๐Ÿ‘‰ get Ethereum and USDC upfront for bounty work using our new solution for hunters.

  • Active project: Easy Feedbackย (ROUND 1)
    How to engage: step by step guide
    Available for trading until October 22, 2019 [23:59 UTC]
    Because Round 1 is over, it’s impossible to earn these stakes
Earn StakesCheck prices and trade
TelegramSell for ETH
TwitterSell for ETH
YouTubeSell for ETH
FacebookSell for ETH
SignatureSell for ETH
BlogSell for ETH
TranslationSell for ETH

Note: Click on the links above to earn stakes, check the market depth, current bids, asks, last matched prices and price charts. After stakes depositing, you may sell them instantly or just hold until automatic conversion to tokens of the related projects.

All Finished Bounty Stakes Listings and Token Distribution Statuses

How Bounty Stakes Trading Works?

BOUNTY HUNTERS PROBLEMS
  • High risk of a Token Sale fail and getting zero rewards;
  • Have to wait about 4-7 months or more to get cash for hard-working;
  • Inability to receive a reward as soon as the work is done/evaluated.
bounty stakes trading
What problems does Bounty Stakes Trading solve
SOLUTION
  1. TOKPIE lists the related bounty stakes titles, after partnering with a Startup (ICO).
  2. All hunters participating in a Startup (ICO) bounty campaign receive the ability to deposit part of the stakes immediately as they earned on their Tokpie accounts balances.
  3. Bounty hunters and investors get the ability to trade deposited stakes for ETH or keep them until execution.
  4. TOKPIE converts bounty stakes to related tokens when bounty campaign is over. The result, every stakeholder gets tokens on his/her Tokpie account balance.
How Bounty Stakes Trading works
How Bounty Stakes Trading works
ADVANTAGES
  • Trade stakes for Ethereum (ETH) during the campaign
  • No need to wait 4-7 months or longer to be rewarded
  • Get both: ETH instantly for 50% of stakes earned/sold and related tokens later for another 50% of bounty stakes.
Pros of Bounty Stakes Trading
Benefits from Bounty Stakes Trading

FAQ

  • Q: May I see some feedbacks for how it works?
  • A: Sure, this is not our first “Get ETH for stakes Immediately” campaign. Check the list of all previous campaigns and find many feedbacks on Tokpie ANN and subthread on Bitcointalk.
  • Q: Can I try Bounty Stakes Trading right now?
  • A: Yes, click on links on the above tables to earn some bounty stakes and trade them in seconds.
  • Q: What is TOKPIE?
  • A: TOKPIE is the new crypto exchange platform that penetrates the market by providing a unique Bounty Stake Trading service to hunters and early investors.
  • Q: I have questions. Where can I ask them?
  • A: You can post your questions here or ask them on TOKPIE telegram group.

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