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

Any participant of FRED Energy Bounty can get TKP, ETH, TKP by selling FRED bounty stakes following three simple steps.

1. Deposit bounty stakes.

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

2. 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.

3. 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.

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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

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How To Deposit FRED ENERGY Bounty Stakes

Top up your Tokpie account balance with FRED bounty stakes in three simple steps.

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

select bounty stakes
Select FRED bounty stakes for depositing

The following FRED Energy (FRED) Bounty stakes are available for collateralization and depositing:
– FRED_CA_Stake_Facebook
– FRED_CA_Stake_Twitter
– FRED_CA_Stake_Signature
– FRED_CA_Stake_Telegram
– FRED_CA_Stake_YouTube
– FRED_CA_Stake_BlogArticle
– FRED_CA_Stake_Medium
– FRED_CA_Stake_Translation

2. Enter the number of bounty stakes you want to deposit.

You can deposit any quantity of FRED bounty stakes.

Enter the number of bounty stakes
FRED bounty stakes depositing

Note: In the grey fields you can see how much TKP tokens are required for collateral and how much TKP available on your Tokpie account balance.
Important: if bounty fails Tokpie returns collateral to you!

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

After pressing on the green button, a new line appears in the Collateralized Assets table as shown in the figure below.

Collateralize and deposit
Deposit bounty stakes

Congratulations! You have just deposited bounty stakes on your Tokpie account balance and can trade them by clicking on the ‘hummer’ icon.

Also, learn how to get TKP, ETH, USDC by selling bounty stakes and how then to get your collateral back.

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