Tag: FRED Bounty

Get ETH, USDC, and TKP Immediately by Selling FRED Bounty Stakes

Update: The trading of FRED bounty stakes has been finished on January 10, 2020.

Everyone who holds FRED bounty stakes on his Tokpie account balance after JAN-10-2020 will receive FRED tokens on JAN-12-2020 in accordance with the Conversion Rates stated below:

  • One FRED_CA_Stake_Facebook = 39 FRED
  • One FRED_CA_Stake_Twitter = 102 FRED
  • One FRED_CA_Stake_Signature = 8847 FRED
  • One FRED_CA_Stake_Telegram = 201 FRED
  • One FRED_CA_Stake_YouTube = 412 FRED
  • One FRED_CA_Stake_BlogArticle = 19 FRED
  • One FRED_CA_Stake_Medium = 814 FRED
  • One FRED_CA_Stake_Translation = 1346 FRED

Any participant of FRED Energy Bounty had the ability to get TKP, ETH, TKP by selling FRED bounty stakes following three simple steps.

Deposit bounty stakes.

You can deposit any amount of FRED Bounty stakes on your Tokpie account balance as explained here.

Sell bounty stakes.

Sell the deposited bounty stakes for any price you want to get Ethereum (ETH), USDC and TKP as shown here. You may also buy FRED bounty stakes to get more FRED tokens after distribution.

Settle your obligation.

Settle your obligation at any time or soon after FRED tokens distribution as described here.

FAQ

Q: Shall I pay for trading bounty stakes?
A: Yes, small trade fees and withdrawal commissions are applied.

Q: May I see some feedbacks for how it works?
A: Sure, Tokpie exchange provides its services since September 2018. Read all feedbacks in the ANN thread dedicated to the Bounty Stakes Trading 

Q: What is the Tokpie?
A: Tokpie is the first cryptocurrency exchange that provides a unique Bounty Stake Trading service to hunters, cryptocurrency traders & investors.

Useful Links

How To Return Collateral Pledged for Depositing FRED Bounty Stakes

To get back the TKP collateral tied during FRED bounty stakes depositing use one of the two options described below.

1. Settlement BEFORE the distribution of FRED tokens to bounty participants.

You can settle your obligation at any time, before FRED tokens distribution to bounty hunters, by simply giving back the FRED bounty stakes, which you had previously deposited.

How to do that?
1. Open Collaterelize Asset page
2. Find the line with the bounty stakes which you want to settle
3. Click on [settle] button as shown in the example below.

Releasing TKP collateral BEFORE distribution of FRED tokens

The result, the same amount of previously collateralized and deposited bounty stakes will be deducted from your Tokpie account balance. At the same time, the tied TKP tokens will be unlocked.

IMPORTANT: Before settlement, make sure that you have these bounty stakes on your Tokpie account balance. If you don’t have, then delete all opened orders here or buy these stakes in the related market.

2. Settlement AFTER the distribution of FRED tokens to bounty participants.

If you have not yet fulfilled your obligation as described in the 1st option above, then Tokpie sends you an email notification containing the following information:

  • amount of FRED tokens that you must send to Tokpie. It’s calculated as stakes-to-token conversion rate x the number of unsettled bounty stakes;
  • a wallet address to which you must transfer FRED tokens.

NOTE:
– Tokpie sends this email notification only after FRED tokens are distributed to all eligible bounty hunters. Then, you will have 48 hours to transfer FRED tokens;
– After a successful transfer, you will get back TKP tokens previously tied as collateral automatically.

What if bounty campaign fails

If Fred Energy project doesn’t distribute FRED tokens to bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user who has collateralized and deposited FRED bounty stakes, due to the formula: 

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

Useful Links