Update 2.2

Find the description of the most recent Tokpie’s updates and improvements.

Learn about the Tokpie updates and improvements made during March-June 2020.

Server response time improvement

To improve the exchange performance, Tokpie upgraded its servers. So, now users can enjoy a two times quicker response time, fast routing, and database queries.

YouTube channel launch

After many users’ requests, we have finally launched the Tokpie YouTube channel.

Tokpie on YouTube
Tokpie YouTube channel

Deposit and Withdrawal improvement

At that moment, when you make a withdrawal, the transaction gets a ‘processing’ status.

processing of withdrawal on tokpie
Instant withdrawal processing status

Moreover, the system now processes all deposits automatically. That process usually takes up to 2 hours.

Bounty Analyzer update

Tokpie website visitors can now hide finished bounties on the Bounty Analyzer tool. By default, the checkbox “Hide finished” is turned on. However, if you need you can click on it to turn off. Also, we updated the description of how the analyzer works.

Hide finished bounties
Bounty Analyzer improvement

Road map update

You can now see the main Tokpie’s plan for the year 2020. However, because of the rapid market changes, some additional goals and achievements might be added.

Integration with DAI

Thanks to the cooperation with the MakerDAO, Tokpie has become a custodial exchange for the DAI stablecoin. The next step will allow users to lend and borrow DAI in a peer-to-peer way on Tokpie.

Lend and Borrow stats improvement

To simplify the lending and borrowing, you can now watch all Annual Percentage Rates (APR) in real-time. By clicking on any line (screen below), a lender or borrower opens the related promissory note’s order book.

APR for promissory notes
Lend and Borrow crypto

API improvements

Aiming to get Tokpie exchange listed on CMC, we added one of the five API methods. Now the full order book for any trading pair is available. Example. Moreover, we made a public API more resistant to the DDoS attacks. Additional API methods are coming.

Bank cards integration

Because of the partnering with Simplex, anyone can now buy bitcoin with a credit card. Furthermore, users can purchase popular crypto with debit, credit, MasterCard, and Visa cards.

buy bitcoin with credit card
Buy crypto with credit card

Mentions in crypto media

Discover the two new mentions about Tokpie in popular crypto media.

Completed and upcoming updates

Find the list of all finished and upcoming updates.

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

How To Deposit PGPAY Bounty Stakes

Get bounty stakes on your Tokpie account balance in three steps.

Open collateralization page

After signing up or logging Tokpie, Open Collateralize Asset page, and select bounty stake type that you want to deposit.

how to deposit pgpay bounty stakes
PGPAY bounty stakes depositing

The following PGPAY Bounty stakes are available for collateralization and depositing:

  • PGPAY_CA_Stake_Signature
  • PGPAY_CA_Stake_Facebook
  • PGPAY_CA_Stake_Twitter
  • PGPAY_CA_Stake_Medium
  • PGPAY_CA_Stake_Telegram

Enter how many bounty stakes you want to deposit.

You can deposit any quantity of bounty stakes starting from 0.01 stakes. It doesn’t matter whether you have earned bounty stakes or not! In the grey fields, you can see how much TKP tokens are required for collateral and how much TKP you have on your Tokpie account balance.
Important: if bounty fails Tokpie returns collateral to you!

Click on the [Collateralize & Deposit] button

Congratulations! You have just deposited PGPAY bounty stakes on your Tokpie account balance and can sell them at any price you want.

Also, learn how to get your collateral back.

Useful Links

How To Deposit Refine Medium Bounty Stakes

1. After signing up or logging Tokpie, Open Collateralize Asset page, and select bounty stakes title that you want to deposit.

Deposit Refine Medium Bounty stakes
Refine Medium bounty stakes depositing

The following Refine Medium (XRM) Bounty stakes are available for collateralization and depositing:

  • XRM_CA_Stake_Signature
  • XRM_CA_Stake_Facebook
  • XRM_CA_Stake_Twitter
  • XRM_CA_Stake_Reddit
  • XRM_CA_Stake_ArticleBlog
  • XRM_CA_Stake_Medium
  • XRM_CA_Stake_YouTube
  • XRM_CA_Stake_Telegram
  • XRM_CA_Stake_LinkedIn
  • XRM_CA_Stake_Translation
  • XRM_CA_Stake_Instagram

2. Enter how many bounty stakes you want to deposit.

Note: You can deposit any quantity of bounty stakes starting from 0.00000001 stakes. It doesn’t matter whether you have earned bounty stakes or not! In the grey fields, you can see how much TKP tokens are required for collateral and how much TKP you have available on your Tokpie account balance.
Important: if bounty fails Tokpie returns collateral to you!

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

Congratulations! You have just deposited some bounty stakes on your Tokpie account balance and can sell them for any price you want.

Also, learn how to get your collateral back.

Useful Links

Asset Collateralization Rules

Asset collateralization allows Tokpie users to deposit bounty stakes in seconds and upfront.

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
  • Base price is an Asset price set by Tokpie and used in calculations of collaterals.
  • 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 are any altcoins (tokens or coins) 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.
  • Ban of a user can happen if a user(s) make wash trading.

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:

    Base price x Quantity x Collateral rate

    Where,
    Base price is the price of a stake set by Tokpie,
    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.

3. Risks of default

There are two risks associated with bounty stakes selling: a user default and a bounty fail.

If the value of unsettled bounty stakes, which were already sold, exceeds 100000 TKP, Tokpie has the power to unilaterally settle user’s obligations.  

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