How To Settle the Deposited PGPAY Bounty Stakes

Get back TKP collateral at any moment before bounty distribution or 48h after.

To get back TKP collateral tied during PGPAY bounty stakes depositing, use one of the following options:

Get collateral back BEFORE bounty distribution

It’s possible to return PGPAY bounty stakes, which you had previously deposited at any time before PGPAY tokens distribution to bounty hunters.

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 screenshot below.

get TKP collateral back
Settling of deposited bounty stakes.

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 released.

IMPORTANT: Make sure that you have the same stakes available on your balance in the same amount. If you don’t have, then close all opened orders or buy these stakes in the related market.

Get collateral back AFTER bounty distribution

If you don’t do as described in the 1st option above, then Tokpie sends you an email notification containing the following information:

  • amount of PGPAY 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 this amount of PGPAY tokens.

NOTE:
– Tokpie sends such email notification only after PGPAY tokens are distributed to all bounty hunters. After getting email notice, you will have 48 hours to send PGPAY tokens;
– After a successful transfer, you will get back TKP tokens previously tied as collateral and your obligation will be settled automatically;

What if bounty campaign fails

If PGPay bounty doesn’t distribute PGPAY tokens to bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user who has collateralized and deposited PGPAY 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 Get Collateral Back and Settle Your Obligation

To get back TKP collateral which was tied during TLS bounty stakes depositing use one of the two options.

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

You can settle your obligation at any time, before TLS tokens distribution to bounty hunters, by simply giving back the TLS 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.

how to settle TLS bounty stakes
Settling of TLS bounty stakes

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 TLS tokens to bounty participants.

If you don’t do as described in the 1st option above, then Tokpie sends you an email notification containing the following information:

  • amount of TLS 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 TLS tokens.

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

What if bounty campaign fails

If TLSGroup project doesn’t distribute TLS tokens to bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user who has collateralized and deposited TLS 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 Settle the Deposited Refine Medium Bounty Stakes

To release TKP collateral that was tied during bounty stakes depositing you can use one of the following options:

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

Return XRM bounty stakes, which you had previously deposited at any time before XRM tokens distribution to bounty hunters.

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 screenshot below.

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 released.

IMPORTANT: Make sure that you have the same stakes available on your balance in the same amount. If you don’t have, then close all opened orders or buy these stakes in the related market.

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

If you don’t do as described in 1st option above, then Tokpie sends you an email notification containing the following information:

  • amount of XRM 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 this amount of XRM tokens.

NOTE:
– Tokpie sends such email notification only after XRM tokens are distributed to all bounty hunters. After getting email notice, you will have 48 hours to send XRM tokens;
– After a successful transfer, you will get back TKP tokens previously tied as collateral and your obligation will be settled automatically;
– get XRM tokens for settlement by participating in Refine Medium bounty.

What if bounty campaign fails

If Refine Medium doesn’t distribute XRM tokens to bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user who has collateralized and deposited XRM 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 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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Learn How to Get Your Collateral Back

There are two ways how to settle your obligation and release TKP tokens pledged as collateral.

Release TKP collateral that was tied during EFT Round 4 bounty stakes depositing by using one of the following options:

Settlement BEFORE the distribution of EFT tokens to bounty participants.

You can settle your obligation at any time, before EFT tokens distribution to bounty hunters, by simply giving back the EFT Round 4 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 EFT 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 the same stakes in the same amount available on your Tokpie account balance. If you don’t have, then delete all opened orders here or buy these stakes in the related market.

Settlement AFTER the distribution of EFT 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 EFT 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 this amount of EFT tokens.

NOTE:
– Tokpie sends this email notification only after EFT tokens are distributed to all bounty hunters. After getting the notice, you will have 48 hours to transfer EFT tokens;
– After a successful transfer, you will get back TKP tokens previously tied as collateral and your obligation will be settled automatically;
– get EFT tokens for settlement by participating in Easy Feedback Round 4 bounty.

What if bounty campaign fails

If Easy Feedback doesn’t distribute EFT tokens to bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user who has collateralized and deposited EFT Round 4 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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Learn How To Settle EFT Bounty Stakes Depositing

Use any of two ways to settle your obligation and release TKP tokens collateral.

To release TKP collateral that was tied during EFT bounty stakes depositing you can use one of the following options:

1st Option: Settlement BEFORE the distribution of EFT tokens to bounty participants.

You can settle your obligation at any moment, before EFT tokens distribution to bounty hunters, by providing the EFT Round 3 bounty stakes which you had previously collateralized and 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: Figure 1 below.

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 deposited on your Tokpie account balance.

IMPORTANT: Make sure that you have the same stakes in the same amount available on your balance. If you don’t have, then close all opened orders or buy these stakes in the related market.

2nd Option: Settlement AFTER the distribution of EFT tokens to bounty participants.

If you have not yet fulfilled your obligation to settle collateralized & deposited EFT bounty stake as described in 1st Option above, then Tokpie sends you an email message containing the following information:

  • amount of EFT 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 this amount of EFT tokens.

NOTE:
– Tokpie sends such email message only after EFT tokens are distributed to all bounty hunters. After getting email notice, you will have 48 hours to send EFT tokens;
– After a successful transfer, you will get back TKP tokens previously tied as collateral and your obligation will be settled automatically;
– get EFT tokens for settlement by participating in Easy Feedback Round 3 bounty.

What if bounty campaign fails

If Easy Feedback doesn’t distribute EFT tokens to bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user who has collateralized and deposited EFT Round 3 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

How To Settle EFT Bounty Stakes Obligation

Use any of two ways to settle your obligation and release TKP tokens collateral.

To release TKP collateral that was tied during EFT bounty stakes depositing you shall use one of the following options:

1st Option: Settlement BEFORE the distribution of EFT tokens to bounty participants.

You can settle your obligation in full, at any time, before EFT tokens distribution to bounty hunters is completed. You can make such settlement by providing the same amount of EFT bounty stakes which you had previously collateralized and 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: Figure 1 below.

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 deposited on your Tokpie account balance.

IMPORTANT: Make sure that you have the same stakes in the same amount available on your balance. If don’t have, then close all opened orders or buy these stakes in the related market.

2nd Option: Settlement AFTER the distribution of EFT tokens to bounty participants.

If you have not yet fulfilled your obligation to settle collateralized & deposited EFT bounty stake as described in 1st Option above, then Tokpie sends you an email message stating the following:

  • amount of EFT 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 this amount of EFT tokens.

NOTE:
– Tokpie sends such email message only after EFT tokens are distributed to all bounty hunters. You will have 48 hours to send EFT tokens;
– After a successful transfer, you will get back TKP tokens previously tied as collateral and your obligation will be settled automatically;
– get EFT tokens for settlement by participating in Easy Feedback Round 2 bounty.

What if bounty campaign fails

If Easy Feedback doesn’t distribute EFT tokens to bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user who has collateralized and deposited EFT Round 2 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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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