Bounty campaign is limited in time public offer that contains rules, reward conditions, and bounty tasks aiming to promote a specified crypto project.
Any person can join a bounty campaign to become a bounty hunter and perform bounty tasks for a reward.
The reward is usually nominated in a project’s tokens or coins. Every project states its bounty pool size that will be allocated to all participants after the end of a bounty campaign. The size of the individual reward depends on the number of stakes, which a bounty hunter earns during the campaign by performing bounty tasks.
Every bounty campaign has its own rules describing in details what tasks should be done by participants, how to report and how much bounty stakes will be given.
The aim of bounty tasks is to promote a specified crypto project on different media channels. For example, one of the simplest task may require a participant to like and share a project’s post through his/her personal Facebook account.
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.
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
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, Collateralrate 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).
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.
To get back TKP tokens pledged as collateral, a user shall settle his obligation as described below.
2. Obligation Settlement
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.
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.
After a user performs any of the above options to settle his obligation, Tokpie returns the corresponding TKP collateral to a user.
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
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
Tokpie and a project publish acrosslinked announcement;
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.
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!
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.
Know how to craft, post and manage an effective bounty campaign to increase crypto project awareness.
The moment you decide to launch a token sale campaign (ICO, STO, IEO, etc) you need to start thinking about a bounty campaign. But, why bounty is so important? How to create an effective bounty campaign? How to run and finish bounty? How to decrease a token price dump caused by bounty participants? All these questions and more will be answered in the series of posts, containing the best tips and practices for conducting a successful bounty campaign.
We’re happy to introduce a preliminary concept of Bounty Stakes Trading 2.0 that Tokpie exchange is going to launch soon.
Bounty Stakes Trading 2.0
What is that?
Bounty Stakes Trading 2.0 is an alternative way to deposit and trade bounty stakes that Tokpie exchange is going to launch soon.
What problem it solves
Original Bounty Stakes Trading concept is working well now and will also continue to be provided by Tokpie. However, that concept has some drawbacks:
High eligibility requirements are preventing many projects’ bounty stakes from being listed on Tokpie.
The result hunters cannot earn more money by offering its full capacity in participating in many projects.
Consequently, investors cannot diversify their portfolios in full by purchasing bounty stakes of many different projects.
The limit on the selling of only 50% earned bounty stakes decreases hunters’ profits by two times.
The process of stakes depositing is quite complex and time consuming for both sides: hunters and Tokpie’s team.
To solve the above drawbacks Tokpie is going to do the following.
Collateral system will be used to deposit bounty stakes. The result:
Hunters could deposit bounty stakes instantly. Moreover, hunters could deposit as many stakes as they want in advance without any limits like 50% of earned stakes.
Hunters will be highly motivated to fulfill their obligations and deliver stakes-related altcoins, so no complex checking procedures will be required.
Tokpie will be listing bounty stakes of about 40% projects selected from the whole market, which satisfy at least minimal requirements. The result, Tokpie users (bounty stakes buyers and sellers) will be able to trade much more stakes and continue defining what projects are better or worse after our initial selection.
How it works
First, Tokpie lists bounty stakes of all projects which meet minimal reliability standards but could not be listed under original bounty stakes trading solution.
All these stakes will be tradable on TKP So, order books will be of [stake/TKP] type.
IMPORTANT: Users could exchange TKP for ETH and USDC at any moment on Tokpie.
Anyone (Investor) places an order to buy. The result of a BID price appears in an order book.
* IMPORTANT: Hunter cannot deposit a stake if its order book does not contain at least one purchase order (BID). Simply saying: if there is no demand then the supply will be restricted.
Anyone (Hunter) deposits bounty stakes on Tokpie by using TKP tokens on its balance as collateral.
The best BID price from related order book will be used for calculating the required amount of TKP in collateral. For example, if the best BID price is 10 TKP per 1 stake on the moment of depositing than a hunter must use 150 TKP as collateral (15x).
The level of collateral will be between 15x-10x depending on the user’s status. For example, a trial user will be required to provide 15x TKP collateral while Enterprise users could benefit from 10x.
Hunter could get his collateral back in full (or partly) at any moment by giving back the same number of stakes (or part), which were initially deposited. It will help if a hunter could not sell his stakes for the desired price and in other cases.
If a collateral level is going to be exceeded as a result of trade order execution then hunter could not place such a trade order.
No any KYC (documents uploading) for withdrawals below $2500/day and $20000/month.
IMPORTANT: Hunters could even deposit bounty stakes which have not been earned yet!
Anyone (hunters and investors) can trade deposited bounty stakes until the start of related bounty distribution.
Hunter who had initially deposited bounty stakes must transfer related project’s altcoins (due to stake-to-token conversion rates) to Tokpie within 24 hours after bounty distribution has come to the end (or after bounty reward unlocking if such bounty condition exists). Otherwise, a hunter will lose its collateral.
* NOTE: If a bounty campaign is successful, but a hunter cannot (for any reason) deliver related altcoins to Tokpie then that hunter lose his collateral. Fortunately, there will be some options to avoid collateral lost by buying back stakes of a related project or its altcoins to settle own obligation.
* IMPORTANT: If bounty campaign had failed then hunter will get his collateral back less TKP already received from the related stakes sold.
Tokpie is 100% responsible to deposits projects’ altcoins on accounts of holders (buyers) of the related bounty stakes within 48 hours after bounty distribution has come to the end.
* If bounty campaign had failed then stakes holders will get nothing like all other hunters.
MORE PROFITS & DIVERSITY
Bounty stakes of Approximately 3 new projects will be listed every week. This will lead to 120-200 bounty stakes from 40 different projects listed simultaneously on Tokpie when Bounty Stakes Trading 2.0 works in full power.
PROS for Hunters: Thanks to many different stakes & projects listed, hunters could earn much more money.
PROSS for Investors: investors could benefit from the great diversity of projects and its bounty stakes by ‘putting all their eggs in many baskets’
SPEED and SIMPLICITY
Hunter doesn’t need to make deposit requests, write texts, upload screen-shots, etc.
Hunter may plan how much stakes he could earn on bounty campaign to deposit all of them at once and sell! Then convert TKP to ETH and USDC in seconds!
The table below shows the differences between original Bounty Stakes Trading solution that Tokpie exchange will continue provides and Bounty Stakes Trading 2.0.
Comparative analysis table
Additional long-term advantages
Thanks to many different stakes & projects listed, Tokpie will have a reason to launch a unique Bounty Analysis tool for automatic calculation of all bounties capitalization in real-time. It will help hunters/investors to track and select the most profitable/promising projects in seconds. Also, projects with the best caps and volumes might be listed for free.
Bounty Stakes Trading 2.0 will accelerate TKP turnover and create a demand for the next solution that will allow users to lend/borrow TKP with market-defined interest rates.
TOKPIE cryptocurrency exchange is now listed on Coinpaprika!
This listing provides our community with one more website where they can track their favorite tokens being traded on TOKPIE exchange platform.
Moreover, eligible projects can now list their tokens & coins on TOKPIE, to use TOKPIE exchange as a gateway for being listed on Coinpaprica. It’s valuable for any project to see its token to be listed on as many price-tracking websites as possible.
Coinpaprica is one of the most popular price tracking web resources.
We, in TOKPIE, will continue to list our exchange on price-tracking websites. We have already submitted requests to CoinMarketCap, Coingecko, Coincap, Livecoinwatch, Blockfolio, & others.
If you would like to see TOKPIE exchange listed on any new price tracking website, just drop a message to email@example.com.
Want to help TOKPIE to grow? Please, vote up for us on blockfolio.
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.
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;
TOKPIE provides mutual social media announcements and airdrops to attract additional investors and grow your community;
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.