The Ultimate Guide to TKP Token Staking (Lending) and Borrowing

Lend and borrow TKP token at fair-market rates, enjoy early repayments without penalties. No KYC and credit checks. Lend and take returns at any time, no minimum deposit, no lockups. Welcome to the new era of cryptocurrency lending based on promissory notes trading!

P2P lending on Tokpie. The new way of token staking.

P2P cryptocurrency lending on Tokpie exchange built on promissory notes trading. Applying to TKP token lending, a borrower issues a TKP promissory note pledged by collateral and sells it on the free market to get a crypto loan. On the other side, a lender buys the promissory notes at a discounted price to get a full principal amount of TKP later and make a profit. In addition, peers can use many other profitable strategies and tactics. Welcome to the new era of token staking!

TKP lending vs token staking

Being based on Promissory notes trading, TKP lending is like token staking but better. Although token staking rewards might be more predictable, TKP lenders can set any interest rates, receive profits and take funds back at any moment. All other benefits are described in the next section.

Advantages

Peer-to-peer TKP token lending built on promissory notes trading, provides lenders and borrowers with the following unique advantages:

Fair-market interest rates

TKP lenders and borrowers negotiate interest rates through bargaining on promissory notes prices. As a result, peers are always defining fair-market interest rates.

Cancelation at any time without penalties

A lender can cancel a deal at any moment by selling promissory notes that he has previously bought. Besides, a borrower can cancel (settle) his loan at any moment without penalty by buying back a promissory note initially issued and traded.

No minimal deposits and lockups

TKP token staking through lending and borrowing is possible starting from just 1 TKP token. Moreover, there is no need to lockup funds. If a lender urgently needs the money he can just sell promissory notes.

No KYC and credit checks

Tokpie exchange’s users don’t have to pass through the KYC procedure for making crypto withdrawals below $2,500.00/day threshold. Also, borrowers don’t have to prove their incomes and credibility.

10+ profitable strategies

There are 10+ profitable strategies for p2p crypto lending based on promissory notes trading.

What is TKP?

The TOKPIE (TKP) is an ERC20 token of Tokpie exchange. Token total issuance is 100,000,000 TKP. The utility value and benefits of having TKP tokens are the following: 

  • 500% trade fees discount
  • Almost 200% discount on withdrawal commissions
  • Receiving airdrops in altcoins of all listed projects every week
  • Up to 70% referral bonus
  • Accepted as means of payment on Tokpie IEO Launchpad
  • Used as collateral for bounty stakes depositing
  • Accepted for P2P lending and borrowing 🆕
  • Ability to increase LTV (loan-to-value) ratio up to 90% for P2P borrowing. 🆕

What is a Promissory Note?

Applying to TKP token, a one TKP Promissory Note is a digital title that confirms the issuer’s promise to pay 1 (one) TKP to Tokpie at the specified maturity date. Tokpie, in turn, will guaranty to pay 1 (one) TKP to any holder of one Promissory Note at the specified maturity date.

A user can issue and sell (to get a loan), buy (to lend), settle before the maturity date or hold until repayment TKP promissory notes. Because of internal circulation, users can not withdraw Promissory Notes from the Tokpie exchange.

How to lend TKP tokens?

To lend TKP tokens and earn competitive returns you need to become a holder of TKP promissory notes. In other words, TKP token lending is the same as purchasing TKP promissory notes as described below:

  1. Sign up or log in Tokpie exchange.
  2. Make sure that you have TKP tokens on your Tokpie account balance. If you don’t have TKP tokens you can deposit them from outside or buy on Tokpie TKP/ETH and TKP/USDC markets.   
  3. Open any of four TKP Promissory notes markets which have different maturity dates:
    TKP_PN_15_Jun_2020 (Maturity date: 15-JUN-2020)
    TKP_PN_15_Sep_2020 (Maturity date: 15-SEP-2020)
    TKP_PN_15_Dec_2020 (Maturity date: 15-DEC-2020)
    TKP_PN_15_Mar_2021 (Maturity date: 15-MAR-2021)

    Maturity refers to the date when a Promissory note principal amount is repaid. For example, a TKP_PN_15_Mar_2020 note will mature on March 15, 2020; the holder will receive the principal amount on that date
  4. After that, click on [BUY], enter quantity, price, and press [SUBMIT ORDER] button.
Lending TKP token by buying TKP Promissory note on Tokpie exchange
Lend TKP by buying promissory notes

Example

To make a profit a lender needs to purchase TKP Promissory Notes from other users at a discounted price. As shown in the figure above, a lender is going to purchase 100 Promissory notes at a price of 0.95 TKP per note. The cost of the deal will be 95 TKP (100 x 0.95).

Therefore, the lender will get 100 TKP (1 TKP principle amount x 100 notes) on March 15, 2020, maturity date. The profit will be 5 TKP (100-95); that equals 20.44% APR (Annual interest rate) if the lender holds the promissory notes until March 15, 2020.

In addition, if promissory notes’ prices go up, a lender could sell them in seconds at any time before the maturity date and also make a profit!

TIP: Lenders can set any BID price and bargain in the Order Book trying to purchase at a lower price. It will increase the so-called token staking reward. In other words, the lower purchase price the higher profit a lender will get! 

Profit explanation: A lender’s income is calculated as (1- price) x quantity of Promissory notes bought. So, the lower a purchase (matched) price the higher income will be earned.
Lend APR explanation: Annual Interest Rate is calculated as
(1-price) / price / number of days until the promissory note maturity date x 365 x 100%.
Therefore, to maximize returns, the lender should try to purchase a Promissory note with the earliest maturity date and at the lowest price.

How to borrow TKP tokens?

To get a loan in TKP tokens you need to issue and sell TKP promissory notes as described below.

How to Issue TKP promissory notes?

To issue TKP promissory notes perform the following steps:

Borrow TKP by issuing TKP Promissory notes on Tokpie exchange
Issue promissory notes
  1. Sign up or log in Tokpie exchange.
  2. Make sure that you have funds (ETH, USDC or TKP tokens) for collateral on your Tokpie account balance. If you don’t have any of collateral cryptocurrencies, deposit them from outside.
  3. Open Borrow section
  4. Select a Promissory Note title.
    For example, a title TKP_PN_15_Mar_2020 means a TKP token Promissory Note with March 15, 2020 maturity date.
  5. Enter how many Promissory Notes you want to issue.
    The issue of 1 promissory note is like a creation of a new digital asset that gives its holder a right to get 1 TKP token in the future (future is maturity date e.g. on March 15, 2020).
    NOTE: You don’t make any loan when issuing promissory notes. Because only you’re the holder of promissory notes which have been just issued.
  6. After that, select collateral cryptocurrency.
    You can choose ETH, USDC, or TKP tokens. In the next grey colored fields, you could see the required collateral amount and how much of them available on your balance.
  7. To complete the Promissory notes issue, check a box and press ‘Collateralize & Deposit’ green button.
  8. If you have enough collateral amount, TKP Promissory Notes appear on your Tokpie account and you can sell them to get a loan. You can trade promissory notes all at once or partially as any other crypto asset for competitive prices.
To lend TKP, click on hammer icon to open Promissory note order book and sell them
Click on hummer icon to trade promissory notes which have been just issued

TIP: After a successful Promissory notes issuance you also see them in your Collateralized Assets table, click on the hummer icon (as shown in the picture above) to open the related order book and sell.

What is a collateral cryptocurrency?

A collateral cryptocurrency is an asset that can be used as “collateral” for promissory note issuance. Currently, Ethereum (ETH), USDC, and TKP can be used as collateral currency when issuing TKP promissory notes.

What is the collateral amount?

A user sees the required amount of collateral cryptocurrency before promissory notes issuance. The platform calculates it automatically due to the formula: (Quantity x Price / LTV) x 100, where
Price is a USD equivalent of the current highest BID of the promissory note that is going to be issued.
Quantity is the number of promissory notes which are going to be issued
LTV is a Loan-to-Value ratio. LTV ratio varies from 70% to 90% depending on a user’s subscription plan.

How to increase LTV (Loan-to-Value) ratio?

All Tokpie users get Trial status with a 70% LTV ratio when register. To increase LTV ratio up to 90% a user shall upgrade his subscription plan from Trial to the Light, Standard, Premium or Enterprise plan. It will require a specified amount of TKP tokens to be locked on a user’s Tokpie account balance. Check all plans and their advantages here.

How to settle promissory notes before the maturity date?

Open the Borrow section, and click on the settle button in the related line as shown in the picture below. The result, the system unlocks collateral in a few seconds.
Moreover, you do not pay any penalty or fees for the settlement made before the maturity date.
Important: To settle, you must have the same amount of the same Promissory Note title available on your account balance.

A TKP loan can be settled at any time by clicking on 'settle' button on Tokpie exchange
Settle to Unlock collateral before the maturity date.

How to sell TKP promissory notes?

After a successful Promissory notes issuance, you can sell them to get a loan as explained below.

  1. Open a related order book.
    Every Promissory note has one related Order Book (market) where peers can trade it until maturity date:
    TKP_PN_15_Jun_2020 (Maturity date: 15-JUN-2020)
    TKP_PN_15_Sep_2020 (Maturity date: 15-SEP-2020)
    TKP_PN_15_Dec_2020 (Maturity date: 15-DEC-2020)
    TKP_PN_15_Mar_2021 (Maturity date: 15-MAR-2021)
  2. Sell TKP Promissory Notes: click on [SELL], enter quantity, price, and press [SUBMIT ORDER] button.
Borrowing TKP token by selling TKP Promissory note in Order Book on Tokpie exchange
Get a loan by selling promissory notes

Example

As shown in the figure above, a borrower is going to sell 100 Promissory notes to lenders at a price of 0.94 TKP per one note.

After clicking on the Submit Order button, a borrower gets 94 TKP (0.94 TKP price x 100 notes) IMMEDIATELY. The potential Borrow APR (Annual interest rate) of that deal could be 24.78% if a borrower waits for a maturity date and repay principal amount 100 TKP on March 15, 2020.

However, a borrower has a great option to settle the Promissory Notes before maturity date at any time and unlock collateral! No, any penalties or fees will be charged for such settlement (early repayment).
An early repayment makes sense when a borrower urgently needs to withdraw collateral or when promissory note price goes down.
If the price goes down a borrower can purchase the same amount of the same promissory note title and click settle as shown here. The profit will be the difference between the sale and the purchase prices.

TIP: A borrower can set any ASK price and bargain in the Order Book trying to sell at a higher price. In other words, the higher the selling price the lower the borrow APR (cost of a loan)! 

How to repay Promissory notes and unlock collateral?

There are two options. The first one is to settle before the maturity date. The second option is to wait for the maturity date. During the Promissory note maturity day, the system will deduct note’s principal amount from the issuer balance automatically. For example, if a user issued 100 [TKP_PN_15_Mar_2020] then 100 TKP will be deducted from his balance between March 15, 2020, 00:01 UTC and March 15, 2020, 23:59 UTC.

What happens if the Promissory notes are not paid?

If on the maturity date, a borrower doesn’t have enough quantity of TKP tokens to pay the promissory notes which he had issued, the system will liquidate collateral. 

How to get ETH by borrowing TKP

To get Ethereum (ETH) by borrowing TKP do the following:

  • Borrow TKP using ETH, TKP, or USDC as collateral
  • Exchange TKP for Ethereum on TKP/ETH market

How to get USDC by borrowing TKP

To get USD stable coin (USDC) by borrowing TKP do the following:

  • Borrow TKP using ETH, TKP, or USDC as collateral
  • Exchange TKP for USDC on TKP/USDC market

What is the Annual Percentage Rate (APR)?

APR (Annual Percentage Rate) is the annual rate showing the ‘cost’ of borrowing or ‘profit’ earned through lending. The APR formula is
(1-price) / price / number of days until the promissory note maturity date x 365 x 100%.
Borrow APR is expressed as a percentage that represents the potential yearly cost of crypto funds if a borrower repays a promissory note on its maturity date. It’s called potential cost because a borrower can settle a promissory note at any time before maturity.
Lend APR, equals to borrow APR, but represents the potential yearly income of crypto funds if a lender buys and holds a promissory note until its maturity date. It’s called potential income because a lender can sell a promissory note at any time before maturity.
Example: When a borrower receives 0.9 TKP on Dec 15, 2019, by selling a promissory note, that will mature on Mar 15, 2020, he will have to repay 1 TKP in 90 days. The cost of that loan is 0.1 TKP (1-0.9) for 90 days.
APR = 0.1 / 0.9 / 90 x 365 x 100% = 45.06%

Fees

Small trading fees are applied depending on a user’s subscription plan.

Profitable strategies for TKP lending and borrowing

Promissory notes trading strategy

Take a profit by buying TKP Promissory notes at a low price to sell them at a higher price and vice versa.

TIP: The growing price of promissory notes and plenty of BIDs in the order book is a good sign that the token’s spot price will grow soon on ordinary exchanges.

DeFi strategies to escalate incomes

Additional ways to increase income is to utilize two decentralized-finance arbitrage strategies.

Cross-cryptocurrencies arbitrage

Follow the simple strategy borrow at Low Rate and Lend at High Rate. Institutional traders utilize that approach for decades in classic fiat markets when for example they borrow EUR at a low rate and lend USD at a higher rate because of ECB and FED different interest rates. Therefore, you can catch an option to lend USDC, ETH, or any other crypto at higher APR than a borrowing rate for TKP token on a moment. In that case, TKP will be a funding currency. On the other hand, sometime TKP token lending rates can higher than borrow APR of other cryptocurrencies on any other platforms. In that case, it makes sense to get a loan in another crypto and invest in TKP token lending.

Cross-markets arbitrage

Another option is to make arbitrage by selling (borrowing) Promissory notes in one market with low APR and simultaneously buying (lending) a Promissory note of the same currency with another maturity day on another market at higher lend APR.   

Passive income strategies

Above all, users can use simple passive income strategies without funds locking and minimal deposits. Lending TKP is like token staking but better because getting token staking yields always requires locking of funds.

  • Purchase TKP promissory notes when TKP token lending rates are high.
  • TKP token lending is especially profitable when TKP price is going to grow
  • When TKP token is oversold, buy long-duration TKP promissory notes
  • Regularly lend if you have TKP surplus

Hedging strategies

Due to constant market fluctuations borrowing strategies could allow you to earn profit and hedge the risks of the TKP token price dump:

  • Get a TKP loan when borrow APR is low
  • Borrow TKP if urgently need TKP, USDC or ETH
  • Sell TKP promissory notes (borrow) if TKP price is going down
  • When TKP overbought (price is too high) it’s better to borrow it then purchase directly from the market.
  • In case you face TKP shortage, but can not find enough liquidity, try to borrow TKP instead of pumping the price.

Summary

TKP is becoming one of the best staking coins thanks to the unique P2P lending solution based on Promissory Notes trading. Borrowers can get instant loans from peers with fair-market rates, trade them or repay at any time without penalties. They also don’t have to pass through KYC and credit checks. Moreover, the ability to take funds with returns at any time and the absence of minimum deposit makes TKP lending better than any other token staking.

Useful Links

Tokpie Press Relations (PR)

Check out the list below to see Tokpie’s press placements

More media coverage means more awareness and more Tokpie users. Due to this simplest formula, Tokpie is constantly getting in cryptocurrency industry publications. The result we quickly reach our exact target customer.

Tokpie in press
Tokpie PR activity

Due to our research press placement gives more visibility by 5 times and by 3 times more credible for crypto passionate people than ordinary advertisements. Moreover, publications facilitate word-of-mouth about Tokpie business in the crypto community and on cryptocurrency-related forums. Contact us if you also want to get press coverage for your crypto-project.

Useful Links

Stay always in touch with TOKPIE to Earn, Trade and Invest as never before.

TOKPIE (TKP) Listed on CoinMarketCap (CMC)

Tokpie token has just been added to coinmarketcap.com

Dear Tokpie users,
We are happy to announce that TOKPIE (TKP) token has just been added to CoinMarketCap! This listing boosts the popularity and recognition of Tokpie exchange and its TKP token.  

Not a secret that CoinMarketCap (CMC) is one of the most reputable and high-traffic websites in the cryptocurrency industry. So, being listed there builds confidence in TKP token and bring additional Tokpie exchange users.

TKP added to Coinmarketcap
TKP added to CMC

Starting from now, the present and future Tokpie token holders are able to track TKP market capitalization, trading volume, prices among exchanges and other useful information more easily!

TKP token was launched on May 25, 2018, long before getting listed on CMC. So, in order to see an older TKP trade history use the links stated below.

Useful Links

Stay always in touch with TOKPIE to Earn, Trade and Invest as never before.

TKP Got Etherscan Blue Checkmark

Know why the Blue Checkmark on Etherscan is helpful for TKP token holders.

Today, TOKPIE (TKP) token has received the Blue Checkmark on Etherscan!
The Etherscan Blue Checkmark is displayed on:

  • The Profile Summary tag on the TOKPIE (TKP) Token Info page
  • Search results (most right)
Blue Checkmark on Etherscan
TKP token with Blue Checkmark award on Etherscan

What does the Blue Checkmark mean?

The Blue Checkmark on Etherscan indicates that the TKP is a token of public interest, reputable and unique. Only the Etherscan team can identify a public interest at its own discretion and reward a token with such Blue Checkmark.

Why is the Blue Checkmark helpful?

Having the Blue Checkmark is helpful for TKP token holders and Tokpie exchange users because of:

  • Ease of finding.
    There are many tokens with the same symbol, which you may see during a token search on Etherscan. It makes difficult for users to identify which is the actual token contract address. So, the blue checkmark indicates the ‘true’ TOKPIE (TKP) token contract address and maximize visibility during a token search by displaying it on top of other tokens.
  • Trust and reputation.
    The Blue Checkmark is like an award from Etherscan. It lets people know that the TKP token is unique, reliable, has real public interest and complete verified information.

Useful Links

Stay always in touch with TOKPIE to Earn, Trade and Invest as never before.

TKP Token Holding Value and Price-Tracking Announcement

While the overall crypto-market is still going down, the TOKPIE allows everyone to easily earn Ethereum (ETH). Know how to increase your earning by holding TKP token even more.

A brief outline of this announcement:

  • What is TKP token holding value
  • Holding TKP’s value example
  • TKP token price-tracking on Coinpaprika

What is TKP token holding value

TOKPIE exchange platform by default charges a 0.1% trade fee every time a user makes a trade and 0.009 ETH withdrawal commission.

A user can hold TKP in order to reduce the above platform fees.

By holding TKP, users are able to reduce:

  • trade fees to 0.08%, 0.06%, 0.04% and 0.02% 
  • ETH withdrawal fees to 0.008 ETH, 0.007 ETH, 0.006 ETH and 0.02 ETH.

Holding 20,000 TKP reduces trade fees to 0.08% and withdrawal fee to 0.008 ETH
Holding 25,000 TKP reduces trade fees to 0.06% and withdrawal fee to 0.007 ETH
Holding 35,000 TKP reduces trade fees to 0.04% and withdrawal fee to 0.006 ETH
Holding 50,000 TKP reduces trade fees to 0.02% and withdrawal fee to 0.005 ETH

This functionality is especially useful for very active bounty hunters, see below for an example.

Also, many other bonuses are available for holding TKP tokens.

Holding TKP value example

  • A bounty hunter earns $10 in bounties per day. At a 0.1% trade fee, 0.009 ETH withdrawal commission and ETH/USD price $300, this means that he would be missing out on $2.7+ in profits every day since they go away in platform fees.
  • This same bounty hunter can now hold 50,000 TKP, valued at approximately $35 at the time of writing, reducing his fees to just $1.5/day.
  • That means that by holding 50,000 TKP, this hunter will now be making $36 more per month.
  • Actually, TKP holding is extremely attractive for active bounty hunters.

To start holding TKP token, simply buy TKP here then click on [Upgrade].

Change your status
Upgrade Your Plan on Tokpie

TKP token price-tracking on Coinpaprika

Existing and potential TOKPIE (TKP) token holders can now easily track TKP price, the volume, live Price Chart, ROI and other token related details on Coinpaprika. In addition, it’s now possible to compare TKP to similar tokens and use TKP price-tracking widget.

Want to grow with us? Stay in touch with TOKPIE.

TOKPIE is Registered Trademark now!

Why trademark matters? Why it’s important to TKP token holders?

There are thousands of companies nowadays that operate on the cryptocurrency market and issue their tokens. So, how TOKPIE could stand out from others and support its TKP token?

First, we launched a unique Bounty Stake Trading service.
Second, we have successfully registered our trademark: TOKPIE.
Here is the official proof of trademark registration:

https://euipo.europa.eu/eSearch/#details/trademarks/017883138

Why Registered Trademark is important to TKP token holders.

  • Effective communication tool
    TOKPIE trademark carries emotional attributes and messages about our company, its reputation, and services. By the way, TOKPIE means “take you piece of the pie in the growing tokenomics”.
  • Distinguish from competitors
    The crypto marketplace is crowded and the registered trademark helps to capture customer attention and stand out from others.
  • Effective utilization of the Internet and social media
    The brand name is the first thing people enter into a search engine or social media platform (Facebook, Twitter, etc) when looking for our services.
    Higher traffic on a website, platform and social media translate into higher rankings, bringing even more traffic, more customers and more brand recognition.
  •  A valuable asset that appreciates in value over time
    Trademark is a property asset it can be licensed (like renting or leasing) or used as a security interest to secure a loan to grow our business.
  • Never expire
    TOKPIE registered trademark just shall be continued every 10 years.
  • Help the hiring
    Brands can inspire positive feelings in people’s minds. As a result, employment opportunities are more attractive to candidates.

Now, by holding the registered trademark, TOKPIE significantly increases the value of its brand to TKP token purchasers. So, any purchaser is likely to pay much more for the goodwill that we build up.

Want to grow with us? Stay in touch with TOKPIE.

 

 

TKP (TOKPIE)

Learn more about the TOKPIE (TKP) token and its unbeatable advantages

What is the TKP token?

TKP is an Ethereum-based ERC20 utility token issued and accepted by the Tokpie cryptocurrency exchange platform.

What are the TKP advantages?

Above all, the holding of TOKPIE (TKP) tokens allows:

What is TKP token total supply?

The TKP token total supply is 100,000,000 TKP only!

In other words, it’s impossible to issue additional tokens.

How many tokens are in circulation currently?

The number of TKP tokens currently involved in the free market circulation is 25M. Tokpie keeps the rest of the supply (75M) as a reserve for future growth and development.

What is the Tokpie exchange platform?

Basically, Tokpie is the cryptocurrency exchange platform where people could trade coins and altcoins. However, what makes Tokpie a unique exchange, is the BOUNTY STAKES TRADING and P2P Lending solution.

TOKPIE registered trade mark on blue font
Tokpie exchange registered trademark logo.

The bounty Stakes Trading solution allows Bounty hunters to get money (Ethereum, USDC, TKP) immediately and upfront by selling bounty stakes. No need to wait for a reward for many months. At the same time, smart investors can get the highest return on investments (ROI)  by obtaining worthy tokens for a penny while buying bounty stakes from hunters.

In addition, The P2P Lending solution allows TKP holders to get loans by using TKP as collateral and earn returns by lending tokens.

Useful Links

In addition, the following links might be helpful:

Stay always in touch with Tokpie to Earn, Trade and Invest as never before.