Meet the Swaap stable coin – SAP. Learn how to trade it on Tokpie.
Although Tether remains the most usable stablecoin, many new tokens pledged by USD are arising. And that’s good because it allows people to diversify their assets and avoid risks. Today you will learn what Swaap (SAP) token is and how to trade it on Tokpie.
The Swaap is the issuing platform for SAP tokens (stablecoin). There are three advantages that we found studying the platform:
Swaap interconnected with Nova bank. So, users could easily use fiat currency to obtain SAP and exchange tokens back to cash.
The easiness of conversion. Users and businesses don’t have to pass KYC to mint SAP stablecoins.
The platform has a good User Interface (UI).
Thanks to partnering with a bank, Swaap can gain reliability and trust. As we know, the users’ confidence is essential when you want to compete with Tether.
What’s the SAP token?
So, the SAP is an ERC-20 token that pledged as 1:1 to the US dollar. People can use that token to make and receive payments from all over the world. Besides, users can make transactions 24/7/365. Also, users can smoothly convert it to USD or USDT.
Open SAP/USDT order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
Withdraw USDT to your personal Ethereum wallet or hold them on your account.
How to deposit SAP tokens?
To deposit SAP tokens on your Tokpie account follow this guide. Make sure that you are going to deposit SAP tokens that relate to the smart contract address: 0xa12a00E73E4E7174AcC50A1c073e36Aa0c9cb305. If you deposit the wrong tokens, Tokpie could not identify your transfer.
Note: Tokpie doesn’t charge any fees for depositing.
Meet a token for the fan. Learn about DogeToken and how to trade it on Tokpie.
Bet every one of you plaid that game in childhood, 20-30 years ago 😄. You cut paper and drawn numbers on it with your friends. Then you started exchanging different useless kids-staff for this craft-made money just for the fan. Today, thanks to the Ethereum smart contracts, you don’t need cut paper to play such exchanging games. Find below more information about DogeToken and its DGT token.
What is Doge Token (DGT)?
DogeToken (DGT) is an ERC-20 token. It’s a community-driven cryptocurrency. Moreover, it was created just for the fan. So, it doesn’t have any utility value.
Open DGT/USDT order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
Withdraw USDT to your personal Ethereum wallet or hold them on the account.
How to deposit DogeToken?
To deposit DogeToken on your Tokpie account, follow this guide. Also, make sure that you are going to deposit tokens that relate to this smart contract address: 0x1090f3e41da628496939389de356da012212ef4d (there are many DogeTokens on the web!). If you deposit the wrong tokens, Tokpie could not identify your transfer.
Note: Tokpie doesn’t charge any fees for depositing.
Find a full guide on how to add your token to the MEW.
In the previous article, you have learned how to add your token to the list of assets on Trezor. But we’re sure, you want to make your ERC20 token even more reliable for buyers and holders. Moreover, you want to make it at no cost. That’s not a problem – read the guide below. You’ll learn how to make your ERC-20 token a permanent default token on MEW (MyEtherWallet).
Also, make your cryptocurrency more attractive by:
As you know, Myetherwallet (MEW) supports all ERC20 tokens. Some of these tokens MEW includes in its permanent default list, which means tokens’ balances show up automatically on the side of the interface. But, there are many thousands of tokens that are not included. So, users have to add them as custom tokens manually. Custom tokens are only saved locally. Therefore if a user clears the cache, tokens disappear and need to be re-added. However, if you add your token as a default asset via Github, then MEW puts it in the permanent default list.
Moreover, after adding your token to the permanent list, the MEW wallet app starts uploading a token logo from its database.
How to add a token to the Permanent default list on MEW?
Follow the six simple steps to add your ERC20 token to the Permanent default list on the MEW wallet. But before you start, check your token – might be it’s already in the default token list on MEW.
Click on the ‘Add file’ and then, on the ‘Create new file’ button as shown on the screen below.
Step 3. Enter a file name
The name of your file must be in the format <YourTokenAddress>.json For example, 0x3d371413dd5489f3a04c07c0c2ce369c20986ceb.json You can get your token’s smart contract address from Etherscan.
Step 4. Enter the code
Write and enter the code into your file like in the example below. Of course, after copy-pasting the code below you should edit it. Edit by entering the specifications of your token. Replace YOUC with your token symbol, enter your token smart contract address, decimals, etc.
Note that the easiest way to get a link to your token’s logo is to grab it from Etherscan. Go to your token page on Etherscan. Then, switch to “developer” mode (every browser allows it) and find a link to the logo.
Step 5. Propose new file
Once you have entered a code, click ‘Propose New File’ as shown below.
Step 6. Create a Pull Request
Review what you’ve just made, then press ‘Create Pull Request’ twice.
Click on ‘Create Pull Request’.
Then, click on ‘Create Pull Request’ again.
That’s it! Now, MEW will review and pull it in. Note that the MEW team may also ask you some questions if something is confusing or some information is missed.
How to check the approval status?
To check the status of your request, find it here. If you did everything correctly, then a line with your request will get a green mark. Also, you will get an email notification from Github like on the screenshot below.
At the same time, you will see a message of approval in your Pull Request thread.
However, if you see a grey mark then it means that your request is under review.
Pull Request merging
After your Pull Request was approved, the MEW team will merge it as shown below.
So, your final goal is to see that MEW emerged your request like that one. As a result, your token will be updated with the MEW’s next release. It can take from 3 to 8 weeks. Check the results as explained here from time to time. If not added, contact us via telegram, and we’ll try to help.
What is MyEtherWallet (MEW)?
MyEtherWallet (MEW) is more than just a cryptocurrency wallet. It’s an open-source, client-side interface that allows users to interact directly with the Ethereum blockchain. Users don’t have to join any centralized exchange.
MEW users can perform the following actions:
Create a personal Ethereum wallet with many addresses.
Receive and send not only ETH but also any other Ethereum based tokens.
Use different versions of the MEW wallet. These versions consist of web, mobile app, browser extension MEW CX, MetaMask Chrome extension, and partnering hardware wallets like Ledger and Trezor.
Swap most popular cryptocurrencies such as ERC20 tokens, ETH, ETC, BTC, etc.
Explore MyEtherWallet’s DApp store. It’s a place where users can open a vault with MakerDAO, or register and manage ENS domains.
Send funds in offline mode.
Deploy and interact with smart contracts.
What are the advantages of being on MEW as a permanent default token?
It’s hard to overestimate the benefits that a crypto project gets after its cryptocurrency appears on the MEW as a default permanent token.
First, your project’s token immediately stands out from thousands of no-name & no-logo cryptocurrencies. Second, any token-holder can see the tokens’ USD price, balance, and logo permanently and automatically on their MEW interface.
Therefore, your token becomes more attractive and reliable for its current and future holders.
How to check Permanent Default Tokens on MEW?
To easily check any token availability on the MEW’s permanent default token list, download the MEW wallet to your smartphone. Then, open the ‘Market’ section and enter a token name into the search field.
For example, on the screenshots below you can see that the YOUcash token is not yet added to the permanent default token list on MEW. On the other hand, the TOKPIE token is already there.
Learn about wrapped Bitcoin (WBTC) and how it’s useful for you.
Wrapped Bitcoin is the most liquid ERC20 token pledge with Bitcoin. One WBTC is equal to one BTC. Wrapped Bitcoin (WBTC) is very useful for decentralized exchanges and dApps that operate on the Ethereum blockchain. Being completely transparent, WBTC is a 100% community-led digital asset.
This article explains how WBTC works and what advantages it brings to traders, Ethereum-powered tools, and other cryptocurrency service providers.
Advantages of WBTC
WBTC gives greater liquidity to the Ethereum ecosystem including decentralized exchanges (DEXs) and financial applications. A great example is Uniswap that supports WBTC/ETH market pair. That pair attracts around $1 billion liquidity. Nowadays, centralized exchanges generate most of the trading volume with Bitcoin. However, WBTC changes that, re-allocating Bitcoin’s liquidity to Ethereum blockchain and ERC-20 tokens.
WBTC standardizes Bitcoin (BTC) to the ERC20 format. It allows to create smart contracts for Bitcoin and integrate BTC transfers.
Therefore, instead of maintaining various nodes for different transaction types, exchanges, wallets, and Dapps only need to support an Ethereum node.
Benefits for Traders, Institutions, and Dapps
Traders, Institutions, and decentralized applications (Dapps) are the main counterparties that win by using WBTC.
Exchanges, wallets, payment services
Handling multiple cryptocurrencies across different nodes and transaction formats is a hard task for exchanges, wallets, and payment services. But, WBTC provides the benefits of Ethereum and Bitcoin nodes, making it easy to handle the wrapped cryptocurrency with only the Ethereum node.
Decentralized applications (Dapps)
In addition, decentralized applications can now leverage Bitcoin payments in smart contracts for lending protocols, funds, prediction markets, and token sales.
Also, Wrapped BTC (WBTC) allows users to experience increased liquidity and participation. The Ethereum network is processing transactions faster and cheaper than the Bitcoin network. As a result, Bitcoin holders don’t have to wait anymore. Thanks to WBTC, moving Bitcoin between exchanges via the Ethereum blockchain is much cost-efficient.
To get WBTC, a user requests tokens from a merchant. After that, a merchant performs a swap. During a swap, a user provides the merchant with Bitcoin, while Merchant, in turn, transfers WBTC to the user.
Minting is the process of creating new wrapped tokens (WBTC). A merchant initialized such minting. You can find proof of assets by clicking on these BTC wallets.
Burning is the process of redeeming BTC for WBTC tokens. Only a merchant can do this. The amount is deducted from the merchant’s WBTC balance (on-chain) and the supply of WBTC is then reduced.
How to buy WBTC?
You can purchase Wrapped Bitcoin (WBTC) for USDT or ETH in three simple steps: