How to Get Cash Without Cashing Out BAMBOO tokens?

Learn how to borrow extra Bamboo tokens at fair-market rates by using your existing BambooDeFi coins as collateral.

How to get the money today without cashing out your BAMBOO tokens? It’s simple. Borrow BAMBOO against your existing tokens at fair-market rates. You don’t have to pass KYC. Also, you will not face minimum amounts and penalties for early repayment.  

How to Get Money Without Cashing Out BAMBOO

In the below example, Bob wants to get 137 USDT by using Bamboo tokens as collateral. So, let’s see how to earn money without losing BAMBOO tokens.

Step 1. Sign in to Tokpie exchange

Bob signs up or logs in to Tokpie.

Step 2. Deposit Bamboo tokens

Bob deposits 150 Bamboo tokens. For simplicity, let’s imagine that the Bamboo token price is $1.37. 

Deposit Bamboo tokens
Deposit Bamboo tokens

Step 3. Issue Bamboo Promissory Notes

Bob opens the Borrow section and selects a Promissory note title. For example, [BAMBOO_PN_15_Jun_2021]. It means a BAMBOO token Promissory Note with June 15, 2021 maturity date. Look at the screenshot below.

Then he enters how many notes to issue. Let’s it be 100 notes. A one BAMBOO promissory note is a digital asset that gives its holder a right to get 1 BAMBOO token in the future (the future is a maturity date).

Then, he selects BAMBOO tokens as collateral cryptocurrency. 

To complete the Promissory notes issuance, Bob clicks on the ‘Collateralized & Deposit’ green button. Note: Bob doesn’t get a loan when issuing Promissory Notes. It’s because he is the holder of these Promissory Notes.

how to issue Bamboo promissory notes
Issuing (depositing) Bamboo promissory notes

After that, the BAMBOO Promissory Notes appear on his balance page. So, now Bob can sell promissory notes to get a loan

Step 4. Sell Bamboo Promissory Notes

To sell promissory notes, Bob selects BAMBOO Promissory notes by clicking on the related line here. Then he presses on the SELL button, enters quantity, price, and clicks on the SUBMIT ORDER button as shown below.

sell promissory notes
Selling Bamboo Promissory Notes

What is collateral, and how to calculate it?

A Collateral is an asset used to guaranty the repayment of Promissory Notes on the maturity date. Currently, you can use only BAMBOO tokens as collateral assets for issuing BAMBOO’s Promissory notes.

The platform calculates collateral amount automatically due to the formula:

(Quantity x Price / LTV) x 100, where

Price is a US dollar equivalent of the current highest BID of the promissory note.

Quantity is the number of promissory notes that are going to be issued.

LTV is a Loan-to-Value ratio that starts from 70% to 90%. It depends on the subscription plan.

How Can I increase Loan-to-Value (LTV)?

Tokpie users have Trial status with a 70% LTV by default. To get a higher LTV, a user can upgrade his subscription plan from Trial to the Light, Standard, Premium, or Enterprise status. Please review the plans here.

How Can I settle promissory notes before the maturity date?

Go to the Borrow section and click on the related line’s settle button (screenshot below). As a result, the exchange unlocks collateral in a few seconds.

Moreover, a user doesn’t pay any penalty for the settlement made before the maturity date (early repayment).

What if I didn’t settle Promissory Notes before the maturity date?

The exchange settles promissory notes that you didn’t pay before the maturity date automatically. For example, if you issued 100 [BAMBOO_PN_15_Jun_2021] notes, the system will take 100 BAMBOO from your collateral amount and release the rest back to your account.

What is the formula for Annual Percentage Rate (APR)?

The Annual Percentage Rate (APR) is the annual rate representing the ‘cost’ of borrowing. The formula is (1-price) / price/number of days until the promissory note maturity date x 365 x 100%.

Borrow APR is a percentage that shows the potential cost of the loan here. It’s called potential because a borrower can settle promissory notes at any time before maturity.

Bamboo_borrow_apr
Annual percentage rates for Bamboo tokens borrowing

Shall I pay fees for BAMBOO tokens borrowing?

Yes, users pay small trading fees (0.02%-0.1%) when selling and buying promissory notes. The fee’s size depends on a user’s subscription plan.

Is it profitable to borrow BAMBOO coins?

The borrowing strategies could be very profitable. They allow users to earn profit and hedge the risks of the BAMBOO token price dump. For example, you can do the following:

  • Get a BAMBOO loan when the borrow APR is low.
  • Borrow BAMBOO tokens and sell them if you urgently need money.
  • Sell BAMBOO promissory notes (borrow) if the BAMBOO price is going down.
  • When BAMBOO overbought (price is too high), it might be better to borrow tokens instead of purchasing them directly in the spot market.

Bottom line

If you strongly believe in the BambooDeFi, but urgently need money, don’t sell your BAMBOO. Instead, borrow extra BAMBOO tokens against by using your existing BAMBOOass collateral. Therefore you will get a loan at fair-market rates — no need to pass KYC. Also, there are no minimums. Moreover, you can repay a loan at any time without penalties.

Useful links

For any questions or cooperation offers, please contact Tokpie at https://t.me/tokpie.

Get Money Without Cashing Out yOUcash: Borrow YOUC

Learn how to borrow additional YOUC against your existing YOUC at fair-market rates.

Is it possible to get the cash you need today without cashing out your YOUC tokens? Yes! Borrow YOUC against YOUC at fair-market rates. There is no KYC and no minimum amounts. So, If you urgently need money but don’t want to sell your YOUC tokens, read this guide.

How to Get Money Without Cashing Out YOUC tokens?

To get money without losing YOUC tokens, follow these steps:

  1. Sign up or log in to Tokpie exchange.
  2. Make sure that you have YOUC tokens for collateral on your Tokpie account balance.
  3. If you don’t have any YOUC, deposit them from outside. 
  4. Open the Borrow section and select a Promissory note title. For example, YOUC_PN_15_Mar_2021 means a YOUC token Promissory Note with Mar 15, 2021 maturity date. Look at the screenshot below.
  5. Enter how many YOUC Promissory Notes you want to issue. The issue of 1 promissory note is like creating a new digital asset that gives its holder a right to get 1 YOUC token in the future (future is a maturity date, e.g., Mar 15, 2021)
    Note: You don’t make any loans when issuing Promissory Notes. It’s because you’re the holder of these Promissory Notes.
  6. After that, select collateral cryptocurrency. You can choose only YOUC at that moment. You can see the required collateral amount in the grey fields and how much of them available on your balance.
  7. To complete the Promissory notes issuance, check a box and press ‘Collateralized & Deposit’ green button.
  8. If you have enough collateral amount, YOUC Promissory Notes appear on your balance page. So, now 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.

TIP: After a successful Promissory notes issuance, you also see them on your balance and Collateralized Assets table.

issue YOUC promissory notes
Issue YOUC promissory notes

How can I sell YOUC promissory notes?

After a successful Promissory Notes issuance, you can sell them to get a loan. You can do it at any time. Just select YOUC Promissory notes that you want to sell by clicking on the related market here.

The selling of YOUC promissory notes is the same process as selling any other cryptocurrencies.
To sell YOUC Promissory Notes click on [SELL], enter quantity, price, and press the [SUBMIT ORDER] button as shown below.

selling youc promissory notes
After promissory notes issuance, Sell them to get a loan

What is collateral?

Collateral is an asset used to guaranty the repayment of Promissory Notes on the maturity date. Currently, you can use only YOUC tokens as collateral assets for issuing YOUC Promissory Notes.

What is the collateral amount?

A user sees the required amount of collateral 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 will 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 the 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 locked on a user’s Tokpie account. 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 (screenshot below). As a 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 Promissory Notes available on your account balance.

settle promissory notes
Settle Promissory Notes at any time

What if I don’t settle Promissory Notes before maturity date?

The system automatically settles promissory notes that you didn’t settle before the maturity date. The system uses your collateral (locked YOUC) to make auto-settlement. For example, if you had been an issuer of 100 [YOUC_PN_15_Mar_2021], the system will use 100 YOUC from your collateral amount and release the rest collateral back to you.

What is the Annual Percentage Rate?

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 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.

Example: When a borrower receives 0.9 YOUC on Dec 15, 2021, by selling one Promissory Note that matures on Mar 15, 2021, he will have to repay 1 YOUC in 90 days. The cost of that loan is 0.1 YOUC (1-0.9) for 90 days.
In that case APR = 0.1 / 0.9 / 90 x 365 x 100% = 45.06%

Shall I pay fees for YOUC tokens borrowing?

Yes, you pay small trading fees (0.02-0.1%) when selling and buying promissory notes. The size of the fee depends on your subscription plan.

When is it profitable to borrow YOUC tokens?

Due to the constant market fluctuations borrowing strategies could allow you to earn profit and hedge the risks of the YOUC token price dump. For example, you can do the following:

  • Get a YOUC loan when the borrow APR is low.
  • Borrow YOUC tokens and sell them if you urgently need money.
  • Sell YOUC promissory notes (borrow) if the YOUC price is going down.
  • When YOUC overbought (price is too high), it’s better to borrow tokens instead of purchasing them directly in the spot market.

If you have YOUC tokens and believe in the YOUengine project’s bright perspective but urgently needs cash, don’t sell your YOUC. Instead, borrow additional YOUC against your existing YOUC at fair-market rates to get money. There is no KYC and no minimum amounts. Moreover, you can repay a loan without penalties at any time.

Useful links

For any questions or cooperation, you can contact Tokpie at https://t.me/tokpie.

Get Ethereum (ETH) by Selling Bounty Stakes. Video Guide for Beginners

Discover the first video tutorial showing how to deposit and trade crypto bounty stakes!

Watch the easiest way to receive ETH, USDC long before any bounty distribution. Learn how to deposit and trade bounty stakes. Get a $10 bonus!

VIDEO SUMMARY

This guide is all about the simple way to get Ethereum (ETH), USDC, or TKP by selling bounty stakes.

In the beginning we explain an important concept you need to understand about bounty stakes trading. Everyone who has an internet connection can join the listed bounty campaigns to earn some bounty stakes. Moreover, you don’t need to wait 3-6 months for bounty distribution. Instead, sell the bounty stakes long before tokens distribution to get Ethereum or USDC immediately.

In the first section, we walk through steps to deposit bounty stakes. You can do it even if you don’t have enough TKP for the collateral!

In the second part of this video guide, we walk through the process of actually trading bounty stakes and getting Ethereum.

In the final step, we walk through getting the collateral back to your account.

If you have any additional questions about how to sell and buy bounty stakes, feel free to contact us through Telegram.

Thank you for taking the time to check out our video guide. It will help many beginners to get ETH by selling bounty stakes.

Watch how to get ETH or USDC by selling bounty stakes. +$10 BONUS inside!

Know how to deposit bounty stakes

Watch part one to know how to top up your Tokpie account with Bounty stakes.

  • 00:13 – Important things to understand about bounty stakes trading
  • 00:54 – Table of contents
  • 01:13 – Infographic showing when you can deposit bounty stakes
  • 01:19 – Signing up Tokpie exchange
  • 01:55 – Applying to 1000 TKP bonus (can be used only as collateral)
  • 03:07 – Filling profile
  • 03:37 – Depositing of bounty stakes (applicable to any listed bounty)
  • 04:28 – Order book opening for trading bounty stake. Alternatively, you can open an order book by clicking on the related line in the Market Statistics page or in the Crypto Bounty Analyzer.

Watch how to trade bounty stakes

In part two, you will see how to get ETH (or USDC) by selling bounty stakes.

  • 04:47 – Infographic showing when you can trade bounty stakes
  • 04:59 – crypto bounty stakes selling
  • 05:40 – getting Ethereum (ETH). Note, that you can get USDC instead of ETH if you want.

Learn how to unlock collateral

The final part shows you how to get the TKP collateral back.

  • 06:52 – Infographic showing when you can get TKP collateral back.
  • 07:00 – Unlocking TKP collateral

Useful links

For any question or cooperation, you can contact Tokpie at https://t.me/tokpie

YOUengine Airdrop

Learn about the main conditions of YOUengine Airdrop.

Welcome to the Airdrop powered by YOUengine!
Get up to 150 YOUcash (YOUC) tokens (~$15) for completing the simplest tasks. Find all terms and conditions below.

How to join YOUengine airdrop

The registration form can be submitted just once so fill it in full to get the maximum amount of tokens!

The registration form is closed because Airdrop is finished! Check your status in the spreadsheet.

Rewards and tasks

AirDrop required tasks:

  • Telegram: Join Group and Channel (20 YOUC)
  • Twitter: follow account, like and retweet a pinned tweet (20 YOUC)
  • Facebook: follow page, like and share a pinned post (15 YOUC)

AirDrop bonus tasks:

  • YouTube: Subscribe on the channel, watch and like 5 videos +50 YOUC
  • Instagram: follow account, like & share most recent post +20 YOUC
  • LinkedIn: Follow the page, like and share a pinned post +10 YOUC
  • Reddit: follow and upvote the pinned post +10 YOUC
  • Medium: follow the account, give 1 clap to most recent post +5 YOUC

IN TOTAL, AIRDROP PARTICIPANT CAN EARN 150 YOUC tokens worth $15.
To earn much more YOUC tokens, join YOUengine Bounty.

To earn much more YOUC tokens, join YOUengine Bounty.

Rules

  1. DO NOT MENTION AIRDROP/BOUNTY ON TELEGRAM CHAT. ONLY DISCUSS THE PROJECT DETAILS. OTHERWISE, YOU WILL BE BANNED.
  2. Stay a subscriber until you get YOUC tokens on your wallet.
  3. You must leave at least one joining message in the telegram group to get tokens. It must be a constructive message, we don’t count such messages as “Hi”, “Good project”, “Joined”, and so on. Repeating old comments is prohibited.
  4. Send the link on your joining message to the bounty manager via Telegram before submitting the form. Don’t wait for a reply, just send it.
  5. Joining with multiple accounts is not allowed. Users found to be using multi accounts, will be disqualified
  6. Your telegram account must be active until December 31, 2020. “YOU” team will contact you at any time before token distribution to check that you are a real person.

Duration

Starts on May 03, 2020
Ends on September 15, 2020

After September 15, 2020, the airdrop registration form will be closed.

Distribution

Airdrop participants will receive YOUC tokens in their personal eth addresses from Jan 15, 2021, to Feb 28, 2021.

NOTE: The distribution will be made in the first-done, first-served principle. So, those participants who complete tasks first will be the first who receive tokens.

No KYC

Airdrop participants will not have to pass KYC!

Participation limits

When any of the following limits is reached, the airdrop stops.

  • Airdrop pool limited to 2,000,000 YOUC tokens;
  • Participation is open until September 15, 2020.

Spreadsheet

Check your status and tokens earned.
Spreadsheet

Useful Links

Get ETH and USDC by Selling YOUC Bounty Stakes Before Tokens Distribution

Stop waiting for YOUC tokens distribution, get paid for work even before doing any bounty task.

Update: The trading of YOUC bounty stakes has been finished on November 10, 2020, 23:59 UTC.

If you hold YOUC bounty stakes on Tokpie account after November 10, 2020, 23:59 UTC, then you receive YOUC tokens until November 12, 2020, 23:59 UTC in accordance with the Conversion Rates stated in the table below.

Bounty stake titleYOUC tokens
YOUC_CA_Stake_R1_Facebook169
YOUC_CA_Stake_R1_Twitter299
YOUC_CA_Stake_R1_Signature4 198
YOUC_CA_Stake_R1_Telegram5 484
YOUC_CA_Stake_R1_Translation11 905
YOUC_CA_Stake_R1_LinkedIn246
YOUC_CA_Stake_R1_Reddit2 232
YOUC_CA_Stake_R2_Facebook127
YOUC_CA_Stake_R2_Twitter211
YOUC_CA_Stake_R2_Signature4 839
YOUC_CA_Stake_R2_Telegram593
YOUC_CA_Stake_R2_LinkedIn286
YOUC_CA_Stake_R2_Reddit1 198
YOUC_CA_Stake_R2_Comments668
YOUC_CA_Stake_R3_Turbo6 000
YOUC_CA_Stake_R3_Facebook153
YOUC_CA_Stake_R3_Twitter237
YOUC_CA_Stake_R3_Signature5 076
YOUC_CA_Stake_R3_LinkedIn282
YOUC_CA_Stake_R3_Reddit879
YOUC_CA_Stake_R4_Turbo2 016
YOUC_CA_Stake_R4_Facebook119
YOUC_CA_Stake_R4_Twitter187
YOUC_CA_Stake_R4_Signature2 451
YOUC_CA_Stake_R4_LinkedIn256
YOUC_CA_Stake_R4_Reddit737

All participants of YOUengine Bounty had a unique option! They could get ETH, USDC, and TKP long before YOUC tokens distribution. To get the money they could, simply sell YOUengine bounty stakes on Tokpie exchange in three steps.

Watch the video guide

Step 1. Deposit bounty stakes

You can deposit any amount of YOUC Bounty stakes on your Tokpie account balance as explained here. You can do it even before earning bounty stakes! So, take the money now and then join bounty to earn YOUC bounty stakes.

Depositing is available only until October 27, 2020, when YOUengine bounty distribution starts.

Step 2. Sell bounty stakes to get TKP, ETH, UDSC

After bounty stakes depositing, you can sell them to get TKP. This option is available only until October 27, 2020, when YOUengine bounty distribution starts.

You can get ETH or USDC at any moment by selling (if want) TKP in the TKP/ETH and TKP/USDC markets.

TIPs:

  • Also, You can purchase YOUC bounty stakes to get more YOUC tokens after bounty distribution.
  • Check all bounty stakes prices and catch the right moment to trade with the Bounty Analyzer.

Step 3. Settle your obligation

After depositing bounty stakes, you must settle them at any time before October 27, 2020, or within 48 hours after YOUC tokens distribution as described here.

FAQ

Q: How bounty stakes trading works?
A: Read a bounty stakes trading description.

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

Q: May I see some feedback on how it works?
A: Yes, Tokpie exchange provides bounty stakes trading service since September 2018. Read all feedbacks in the ANN thread dedicated to the Bounty Stakes Trading or watch this video.

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.

For any questions, you can contact us at https://t.me/tokpie

YOUengine Bounty Outline

Learn about the main bounty conditions which “YOU” team prepared for the crypto community.

Aiming to increase project awareness, YOUengine starts a big 4-rounds bounty campaign worth $3,000,000. Such a great value supported by the IEO/listing approved on the TOP-10 CMC Exchange! This article contains the general YOUengine bounty description showing its essential features.

General conditions

Bounty campaign duration

The YOUengine bounty will be running 28 weeks starting from April 07, 2020, to October 19, 2020. It contains 4 rounds. The duration of each round is 7 weeks.

Bounty reward

Thanks to the partnering with Tokpie, the participants of YOUengine bounty will be able to get not only YOUC tokens in October 2020, but also ETH, USDC, TKP at any moment before distribution.

Reward in YOUC tokens

The total reward pool for the bounty campaign is 30,000,000 YOUC tokens having $3,000,000 in value. Consequently, each round’s pool is 7,500,000 YOUC tokens. This reward will be divided according to the bounty stakes accumulated among eligible participants and distributed in October 2020.

Reward in ETH, USDC, TKP

Fortunately, there is no need to wait for October to receive the reward! Every participant can instantly get Etherum (ETH), USDC, and TKP by selling any amount of bounty stakes that he/she is going to earn during the bounty campaign. Also, any Tokpie user can buy bounty stakes from hunters until distribution. Know how to trade YOUC bounty stakes.

YOUengine Bounty distribution

The distribution of the YOURC tokens, in accordance with the number of bounty stakes earned during Rounds 1-4, will start on October 27, 2020.

Due to a large number of participants, the distribution will be running until Nov 10, 2020. Tokens will be transferred to the personal ethereum wallets of participants.

NO KYC

Bounty participants will not have to pass KYC!

Round 1

Here are the main conditions for the Round 1 of YOUengine bounty.

  • Round 1 bounty pool: 7,500,000 YOUC tokens
  • Duration: 7 weeks
  • Date of start: April 07, 2020
  • Date of end: May 25, 2020
  • Categories and allocation percentage:
    • Facebook: 10%
    • Twitter: 10%
    • Reddit: 10%
    • LinkedIn: 10%
    • Translation: 10%
    • Telegram group/channel owners: 20%
    • Signature: 30%

Round 1: BITCOINTALK THREAD
FINAL SPREADSHEET for Round 1

Round 2

Here are the main conditions for the Round 2 of YOUengine bounty.

  • Round 2 bounty pool: 7,500,000 YOUC tokens
  • Duration: 7 weeks
  • Date of start: May 26, 2020
  • Date of end: July 13, 2020
  • Categories and allocation percentage:
    • Facebook: 10%
    • Twitter: 10%
    • Reddit: 10%
    • LinkedIn: 10%
    • Telegram (avatar): 10%
    • Comments: 10%
    • Signature: 40%

ROUND 2: BITCOINTALK THREAD
FINAL SPREADSHEET for Round 2

Round 3

Here are the main conditions for the Round 3 of YOUengine bounty.

  • Round 3 bounty pool: 7,500,000 YOUC tokens
  • Duration: 7 weeks
  • Date of start: July 14, 2020
  • Date of end: August 31, 2020
  • Categories and allocation percentage:
    • Facebook: 15%
    • Twitter: 15%
    • Reddit: 10%
    • LinkedIn: 10%
    • Turbo: 10%
    • Signature: 40%

ROUND 3: BITCOINTALK THREAD
FINAL SPREADSHEET for Round 3

Round 4

Here are the main conditions for the Round 4 of YOUengine bounty.

  • Round 4 bounty pool: 7,500,000 YOUC tokens
  • Duration: 7 weeks
  • Date of start: September 01, 2020
  • Date of end: October 19, 2020
  • Categories and allocation percentage:
    • Facebook: 15%
    • Twitter: 15%
    • Reddit: 10%
    • LinkedIn: 10%
    • Turbo: 10%
    • Signature: 40%

ROUND 4: BITCOINTALK THREAD
FINAL SPREADSHEET for Round 4

Master Spreadsheet

Find the distribution list that contains the rewards for all rounds 1-4.
MASTER SPREADSHEET.

YOUengine Airdrop

To earn additional YOUcash (YOUC) tokens, join its airdrop!

Useful links

For any questions about trading your bounty stakes, contact Tokpie at https://t.me/tokpie

DAI Сryptocurrency in the Ocean of Stablecoins

Know how to trade and earn Dai stablecoin that gives you a financial freedom with no volatility. Discover all its other advantages.

Due to the most recent Coingecko research, the rise of Decentralized Finance (DeFi) projects will be one of the main trends in the future. Nowadays, one of the most popular DeFi projects is MakerDAO that designed DAI cryptocurrency.

shows DeFi trend chart
Total USD value locked in DeFi

What is DAI

DAI is a completely decentralized stablecoin pegged to the US dollar. 1 Dai stablcoin = 1 USD. This is the first unbiased stablecoin in the World being soft-pegged to the US Dollar.

DAI advantages

The main advantages are:

  • Safety and stability
  • Anyone can issue
  • Growing adoption

What makes it safe and stable

Most popular stablecoins such as USDT and USDC are centralized and govern by its issuing companies. So, there are high risks that government authorities and banks will suddenly arrest and lock issuing companies’ assets on accounts. It could lead to the inability to exchange USDC or USDT to fiat USD or any other valuable cryptocurrencies. On the other hand, DAI is governed by Ethereum based smart contracts. These smart contracts collect collaterals (ETH, BAT, and other valuable cryptocurrencies, which the community chooses) from users who want to issue DAI. Therefore, it doesn’t depend on banks’ tight rules and crypto-negative politicians’ decisions because of being based on smart contracts. In addition, the usage of different assets pledged as collateral makes it more stable.

How to issue

Instead of simply buying DAI on exchanges, anyone can issue (create) it, in the five steps:

  1. Connect your wallet to Oasis app.
  2. Click on Get Started
  3. Select collateral (currently ETH or BAT)
  4. Walkthrough the vault management
  5. Generate it and confirm

The result, you will lock your crypto assets (ETH or BAT) as collateral to generate DAI.

IMPORTANT: the issuance of Dai is like borrowing that will have a cost called ‘stability fee’. Such a fee may vary. At the moment of writing the article, the fee is 8.00%.

connect a wallet
Connect your wallet to Oasis app
Start the process of genration
Start generating stablecoin
choose collateral
Select collateral and continue the process

What is the adoption rate

One of the most objective ways to check the adoption rate for any Ethereum based cryptocurrency is to look at a smart contract. The analysis of its smart contact shows a strong uptrend in the number of unique senders. (users).

growing number of token senders
The number of unique senders

What is DAI used for

Dai Stablecoin can be used for the following:

  • hold value without a bank account
  • protect a value if you leave in economies suffering high inflation rates
  • make mass payments to people in a borderless and the cheapest way

Regardless of bank holidays and other factors, you always have access to your value stored in DAI. You can easily transfer it to anyone and anywhere in seconds and with several cents as a transaction fee. Hence, this is a great alternative to any bank operations nominated in US Dollars.

What is MakerDAO

MakerDAO (Maker) is a decentralized organization aiming to stabilize the crypto economy. To reach this goal the Maker unlocks the power of decentralized finance (DeFi) for everyone by creating an inclusive platform for economic empowerment; enabling everyone with equal access to the global financial marketplace. Moreover, eligible members of the MakerDAO community govern, maintain and manage DAI token.

HOW to buy DAI with Bank Card

You can now buy DAI with a credit card or debit card.
The minimal amount starts from $50
Maximum is $50,000
You can use Visa and MasterCard.

How to trade DAI

To trade DAI with the best spreads, click on the related button below.

Depositing fee: 0
Trading fee: 0.02% – 0.10% (depend on plan)
Withdrawing fee: 1 DAI

No KYC for withdrawals below: $2500/day
Spread: 0.01-0.1%

In addition, thanks to the growing adoption, you can buy and sell it on many other markets. Due to the CoinMarketCap stats, you can trade it on more than 64 markets supported by +22 exchanges. Also, you can easily find a pair you need by using CoinGecko. To trade, simply click on a Pair in the lists provided by CMC or CoinGecko.

Note that by generating DAI instead of purchasing, you can catch the potential upside of your crypto.

How to earn DAI

The best way to earn DAI is to lend it and get a return. There are two ways how to do it.
First, you can use the Oasis platform to save it. Oasis allows you to earn the Savings Rate set by the Maker community.

Oasis platform allows to save DAI
Connect your wallet to earn stablecoin

Second, you can lend any amount of DAI for the most competitive rates in a P2P mode on Tokpie exchange. This feature will appear soon.
The main difference between Oasis and Tokpie is in the way how interest rates are defined. Maker Comunity defines saving rates on Oasis, while only lenders and borrowers set interest rates on Tokpie.

Useful links

Tokpie Cryptocurrency Exchange Update 2.0

Tokpie beta 2.0 released. Check out the new features aiming to improve cryptocurrency trading, staking, borrowing and more.

Learn about the recent Tokpie cryptocurrency exchange platform updates and improvements.

Collateralize Asset tool

Collateralize Asset tool allows Tokpie users to do the following:

  • deposit bounty stakes of supported cryptocurrency projects in seconds
  • settle previously deposited bounty stakes in seconds
Tokpie exchange platform toolbar with a highlighted Collateralize Asset section

Thanks to the collateralization users can deposit bounty stakes even if they have not yet earned them! Collateralization means using TKP tokens as collateral. In other words, the Collateralize Asset tool is the core element of Bounty Stakes Trading 2.0.

Tokpie devs added the Collateralize Asset section into the left toolbar (screenshot above).

Borrow tool

Borrow tool is the main feature of the Tokpie’s P2P Lending solution. It allows Tokpie users to do the following:

  • issue promissory notes to get a loan
  • settle previously issued promissory notes to unlock collateral
Tokpie exchange platform toolbar with a highlighted Borrow section
issue promissory notes to get a loan

As a result, Tokpiee users can borrow money: stable coins or any other cryptocurrencies. Moreover, a borrower can use TKP and other popular altcoins as collateral with up to 90% LTV ratio. Learn how it works for TKP token now.

The Borrow section is located on the left toolbar (screenshot above).

Crypto Bounty Analyzer

The Bounty Analyzer has no analogy on the crypto market. It not only saves time but also helps to determine:

  • what bounty is worth for joining
  • which bounty stakes are overbought and oversold
  • what are the forecasted market capitalizations of all listed projects based on their bounty stakes prices (BIDs)
Crypto Bounty analysis table that helps to decide what bounty stakes to earn, sell or buy
Best bounties and prices of their stakes

Tokpie has located the Bounty Analyzer on a separate page. Many updates of that tool will be made soon. Besides, this is a fundamental premise for the new product that Tokpie will release in Q1, 2020.  

Usability updates

Tokpie devs made two useful updates to improve order book functionality.

Base cryptocurrency description

Every order book now contains a link to the description of the base cryptocurrency (screenshot below).

cryptocurrency exchange order book
Asset description and balances

Balances of base and quote cryptocurrencies

In addition, every user can now see his available balances of base and quote cryptocurrencies. For example, for a CRAD/USDC pair, a base cryptocurrency is CRAD token and quote cryptocurrency is USDC.

Upcoming Updates and Releases:

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

Get Money Immediately: Sell PGPAY Bounty Stakes for ETH, USDC, TKP Before Distribution

No need to wait for distribution, get paid for bounty work even before doing any tasks

Update: The trading of PGPAY bounty stakes has been finished on February 21, 2020, 23:59 UTC.

Everyone who holds PGPAY bounty stakes on his Tokpie account balance after Feb. 21, 2020, 23:59 UTC will receive PGPAY tokens until Feb. 23, 2020, 23:59 UTC in accordance with the Conversion Rates stated below:

  • 111.7 PGPAY per one PGPAY_CA_Stake_Signature
  • 2.8 PGPAY per one PGPAY_CA_Stake_Facebook
  • 5.0 PGPAY per one PGPAY_CA_Stake_Twitter
  • 12.0 PGPAY per one PGPAY_CA_Stake_Medium
  • 80.9 PGPAY per one PGPAY_CA_Stake_Telegram

It was a great option for all participants of PGPay Bounty to get ETH, USDC, and TKP long before token distribution by selling PGPAY bounty stakes on Tokpie exchange as explained below.

Deposit bounty stakes

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

Sell bounty stakes

After stakes depositing, sell them for any price you want to get TKP, Ethereum (ETH), or USDC as shown here. You may also purchase PGPAY bounty stakes to get more PGPAY tokens after distribution.

Settle your obligation

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

FAQ

Q: How bounty stakes trading works?
A: Read a bounty stakes trading description.

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

Get Ethereum in Seconds by Selling TLS Group Bounty Stakes Before Distribution

Update: The trading of TLS bounty stakes has been finished on December 24, 2019, 23:59 UTC.

Everyone who holds TLS bounty stakes on his Tokpie account balance after DEC-24-2019, 23:59 UTC will receive TLS tokens withing 48 hours after bounty distribution (done on DEC-25-2019 03:00 UTC) due to the Conversion Rates stated below:

  • One TLS_CA_Stake_Signature = 35 TLS
  • One TLS_CA_Stake_YouTube = 32 TLS
  • One TLS_CA_Stake_Blog = 9 TLS
  • One TLS_CA_Stake_Twitter = 10 TLS
  • One TLS_CA_Stake_Facebook = 10 TLS
  • One TLS_CA_Stake_LinkedIn = 6 TLS

Thanks to all the participants of TLS Group Bounty! They could easily get ETH, USDC, and TKP long before token distribution by selling TLS bounty stakes as described below.

Deposit bounty stakes.

You can deposit any amount of TLS 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 purchase TLS bounty stakes to get more TLS tokens after distribution.

Settle your obligation.

Settle your obligation at any time or soon after TLS 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