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


Boost Token Sale: Bounty Stakes Listing 2.0

Increase your token sales, avoid price dump and get listed for FREE through Bounty Stakes Listing 2.0

Stand out your project from many hundreds of others by simply filling Bounty Stakes Listing 2.0 application form.

ADVANTAGES

Boost your bounty, community, and token sale
  • 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.
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

  1. Tokpie and a project publish a crosslinked announcement;
  2. 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.
  3. 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!
  4. 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.
bounty stakes trading 2.0
Bounty Stakes Trading 2.0 solves three main problems.
List your bounty stakes
Bounty Stakes Listing 2.0 is the simplest solution to boost any bounty campaign.
Bounty Stakes Listing 2.0 advantages
Bounty Stakes Listing 2.0 provides all parties with the win-win-win advantages.

Want to grow with us? Stay in touch with Tokpie exchange.

Boost Your Token Sale: Bounty Stakes Listing

Hundreds of crypto startups launch bounty campaigns every month to promote their Token Sale. But how to stand out from many bounties and get maximum attention from investors.

This is where TOKPIE exchange comes in

TOKPIE exchange platform offers the unique opportunity for a crypto start-up running a token sale (ICO), IEO, security token sale (STO) and bounty campaign to list its bounty stakes.

The result? Early investors and bounty hunters could trade the stakes, attracting new advocates for the start-up and creating a huge buzz about the project leading to a successful token sale.

ADVANTAGES

  • Boost Token Sale
    Token Sale will be promoted better because many new hunters will join the campaign attracted by the possibility of selling 50% bounty stakes earned for ETH on TOKPIE exchange;
  • Grow Community
    TOKPIE provides mutual social media announcements and airdrops to attract additional investors and grow your community;
  • Token Listing
    TOKPIE exchange may list your token (altcoin) automatically after tokens distribution by converting stakes to tokens. Moreover, the huge growth of the number of bounty hunters, caused by Bounty Stake Trading, allows a start-up getting an enormous amount of token-holders, that in turn make its token much more demanded by any exchange in the future.
  • Avoid price dump when exchange
    Thanks to the Bounty Stakes Trading the risk of price dump caused by hunters will be decreased by 50% because impatient hunters sell part of their bounty stakes before token distribution.

HOW IT WORKS
Check how Bounty Stake Trading works in real-life.

bounty stakes trading
What problems does Bounty Stakes Trading solve

How Bounty Stakes Trading works
How Bounty Stakes Trading works

Pros of Bounty Stakes Trading
Benefits from Bounty Stakes Trading

TOKPIE exchange makes a thorough audit of every project before listing its bounty stakes so we recommend applying in advance.

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