How to Deposit Bounty Stakes Before you have Earned Them

To get money in advance for the bounty work you can deposit and sell bounty stakes, which you are planning to earn in the future.

Follow the instruction below to deposit Easy Feedback (EFT) Round 2 Bounty stakes on your Tokpie account balance:

1. Sign up or login Tokpie to open Collateralize Asset page and select bounty stakes title that you wish to deposit.

The following bounty stakes of Easy Feedback (EFT) Round 2 Bounty are available for collateralization and depositing:
– EFT_CA_Stake_R2_Telegram
– EFT_CA_Stake_R2_Twitter
– EFT_CA_Stake_R2_YouTube
– EFT_CA_Stake_R2_Facebook
– EFT_CA_Stake_R2_Blog
– EFT_CA_Stake_R2_Signature
– EFT_CA_Stake_R2_Translation
– EFT_CA_Stake_R2_LinkedIn
– EFT_CA_Stake_R2_Reddit
– EFT_CA_Stake_R2_YoutubeEngnt

For example, select [EFT_CA_Stake_R2_Twitter] as shown in Figure 1, if you have a Twitter account and could earn EFT Twitter bounty stakes in the future.

cryptocurrency collateralization
Figure 1. Bounty Stakes collateralization and depositing

2. Enter how many stakes you want to deposit.

You can enter any amount of bounty stakes depending on how many TKP tokens you have for collateral.

For example, if you’re able to earn 20 stakes per week in the Twitter category, then enter 80 (20 x 4 weeks) as shown in Figure 1.

3. Click on the [Collateralize & Deposit] green button.

The result, a new line appears in the Collateralized Asset table as shown in the Figure 2 example.
It means that the collateralized amount of bounty stakes were deposited on your Tokpie account balance and you can sell them to get TKP, ETH or USDC.

Figure 2. The list of collateralized Assets

Useful Links

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