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 differt maturity dates:
    TKP_PN_15_Mar_2020 (Maturity date: 15-MAR-2020)
    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)

    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, USD 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 balance and you could sell them to get a loan. You could 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_Mar_2020 (Maturity date: 15-MAR-2020)
    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)
  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.

PGPay IEO on Tokpie

30 PGRAY bonus!

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Get 30 PGPAY tokens for free
PGPAY bonus

The PGPay (PGPAY) token sale on Tokpie has started!
Click on the buttons below to purchase PGPAY for USDCETH, or TKP.

How to obtain 30 PGRAY for free? 🎁

To get 30 PGPAY for free you need to purchase at least 30 PGPAY tokens until January 31, 2020, 23:59 UTC. Moreover, a special bonus available for Tokpie users who are subscribed to the Light, Standard, Premium or Enterprise plan.

Subscription PlanBonus if buy 30 PGPAYBonus if don’t buy
Light+31.5 PGPAY+3.15 PGPAY
Standard+33 PGPAY+3.3 PGPAY
Premium+34.5 PGPAY+3.45 PGPAY
Enterprise+37.5 PGPAY+3.75 PGPAY

SESSION ⌛

IEO starts on Dec 02, 2019, 11:00 UTC, ends Jan 31, 2020, 23:00 UTC

PRICE

  • PGPAY/USDC: 0.45 USDC
  • PGPAY/ETH: 0.003 ETH
  • PGPAY/TKP: 90 TKP

ASSET DESCRIPTION 📜

Project name: PGPay (Puregold)
Token symbol: PGPAY 
Blockchain: Ethereum
Total supply: up to 50,000,000 PGPAY
PGPAY Token Sale Price (IEO): 0.45 USD
Total Tokens Allocated to Tokpie IEO: 3,000,000 PGPAY
Price in ICO: 0.94 USD

PGPay is going to provide a gold-backed token and payment gateway.
Having a 10-years experience in the gold business, the Puregold team will be using real gold for payment via its mobile app.

IMPORTANT

The purchase price is guaranteed against future market fluctuations prior to unlocking (February 14, 2020). The bonus is included in the IEO price. Cancellation or modification of IEO tokens purchased charged with a 5% penalty. Tokpie is going to list PGPAY in the ETH market on February 14, 2020. Team of Tokpie does not provide any support related to IEO projects; Tokpie has the right of final interpretation.

LIMITATIONS

Users from the following countries will not be able to participate in token sales on the IEO: Iran, North Korea, United States

RISK WARNING

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously.

FREE TOKENS AND REFUNDS

All users participating in Initial Exchange Offerings (IEOs) on Tokpie have great options to get IEO tokens for FREE and get a refund for initially purchased IEO tokens. Know how it works.

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

TLS Group (TLS) IEO on Tokpie exchange

UPDATE

TLS Group (TLS) token sale on Tokpie has finished!
The start of the EFT token trading on Tokpie exchange will be announced soon.

Get a share in green mining [completed] 💼

The TLS Group (TLS) token sale on Tokpie has been completed!

BONUS: 106% 🎁

Get +50 TLS for every 50 TLS tokens purchased until Dec 26, 2019, at 23:00 UTC. Moreover, a special bonus available for Tokpie users who are subscribed to Light, Standard, Premium or Enterprise plan.

Subscription PlanBonus if buy 50 TLSBonus if don’t buy
Light+52.5 TLS+5.25 TLS
Standard+55 TLS+5.5 TLS
Premium+57.5 TLS+5.75 TLS
Enterprise+62.5 TLS+6.25 TLS

SESSION ⌛

IEO starts on Dec 05, 2019, 11:00 UTC, ends Dec 26, 2019, 23:00 UTC

PRICE

  • TLS/USDC: 1.3 USDC
  • TLS/ETH: 0.007138 ETH
  • TLS/TKP: 250 TKP

ASSET DESCRIPTION 📜

Project name: TLS Group
Token symbol: TLS 
Blockchain: Ethereum
Total supply: up to 2,000,000,000 TLS
TLS Token Sale Price (IEO): 1.3 USD
Total Tokens Allocated to Tokpie IEO: 1,000,000 TLS
Price in ICO: 1.3 USD

The TLS Group is aiming to combine data center with immersion cooling and mining equipment with 2-10 Megawatts capacity. Having a unique technology for processing solar energy, the TLS Group will be mining different cryptocurrencies and distributing 40% revenue share to TLS token holders.

IMPORTANT

The purchase price is guaranteed against future market fluctuations prior to unlocking (December 27, 2019). The bonus is included in the IEO price. Cancellation or modification of IEO tokens purchased charged with a 5% penalty. Tokpie is going to list TLS in the ETH market on December 27, 2019. Tokpie does not provide any support related to IEO projects; Tokpie has the right of final interpretation.

LIMITATIONS

Users from the following countries will not be able to participate in token sales on the IEO: Iran, North Korea, United States

RISK WARNING

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously.

FREE TOKENS AND REFUNDS

All users participating in Initial Exchange Offerings (IEOs) on Tokpie have great options to get IEO tokens for FREE and get a refund for initially purchased IEO tokens. Know how it works.

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

Get Airdrop Cryptocurrencies From Top ICOs Every Week

The simplest way to earn passive income in crypto world forever

Track all active, coming, and finished giveaways

To reward Tokpie users subscribed to the Light, Standard, Premium or Enterprise plans, Tokpie cryptocurrency exchange starts the endless airdrop campaign. Get promising altcoins every week!

Use the information below to track earnings received, participate in ongoing and check all future airdrops. Also, know how to automatically participate in that endless airdrop campaign.

Total amounts paid 💼

The table below shows the USD equivalent of all payments made to Tokpie users depending on their subscription plans.
Note: the amount of earnings depends on your subscription plan and airdrop joining conditions.

PlanPaid all the time Average monthly payment
Light$13.1 – $122.3$4.3 – $40.7
Standard$13.7 – $128.1$4.5 – $42.7
Premium$14.3 – $133.9$4.7 – $44.6
Enterprise$15.6 – $145.7$5.2 – $48.6

Active airdrops 💸

To get 3.15-3.75 PGPAY tokens for free you must be subscribed to the Light, Standard, Premium or Enterprise plan on Tokpie exchange. But, if you buy at least 30 PGPAY on Tokpie Launchpad before January 31, 2020, 23:00 UTC, then you get 31.5 – 37.5 PGPAY tokens. The distribution of bonus tokens will be made on January 31, 2020.

DatesAssetAmountUSD equivalent
until Jan 31, 2020PGPAY3.15 – 37.5$1.42 – $16.88

Upcoming airdrops 👍 🎁

The next airdrop will be announced soon.

DateAssetAmountUSD equivalent
Feb 10, 2020?????????

Finished airdrops 👌

DateAssetAmountUSD equivalent
Jan 23, 2020CLT10.5 – 12.5$1.58 – $1.88
Jan 06, 2020CRAD05 – 125$0.13 – $0.15
Dec 15, 2019TLS5.25 – 62.5$6.83 – $81.25
Dec 10, 2019FRED10500 – 12500$0.63 – $0.74
Nov 24, 2019XRM20-240$1 – $12
Dec 02, 2019EFT105-12502.9-34.4

How to join Top ICOs airdrops ❇️

To start getting valuable cryptocurrencies for FREE and FOREVER you need to be subscribed to the Light, Standard, Premium or Enterprise plan. If you still have not subscribed then do the following:

  1. Open Tokpie subscription plans page
  2. Click on the [Apply] button related to one of the Plans that you want to subscribe
  3. Make sure that you have enough TKP token on your Tokpie account balance.
Choose you plan
Upgrade Tokpie’s subscription plan

Useful Links

Limited Easy Feedback (EFT) Airdrop on Tokpie exchange

Know how to get EFT tokens for free!

Every Tokpie user who is subscribed to the Light, Standard, Premium, or Enterprise plans will get 105-1250 Easy Feedback (EFT) tokens for free!

Airdrop amounts

The amount of airdrop you could get depends on the Subscription plan and joining conditions.

Subscription PlanAirdrop Amount ( ~ USD equivalent)
Light1050 EFT ( ~ $28.9)
Standard1100 EFT (~ $30.3)
Premium1150 EFT (~ $31.6)
Enterprise1250 EFT (~ $34.4)

How to join airdrop

There are two conditions which you must satisfy to get Airdrop Amount in full:

  • Be a Tokpie user subscribed to any of the paid plans (Light, Standard, Premium or Enterprise) on November 29, 2019, 23:00 UTC
  • Have at least 5000 EFT tokens on your Tokpie account balance on November 29, 2019, at 23:00 UTC. EFT tokens must be purchased on the Tokpie Launchpad during Easy Feedback IEO.
    IMPORTANT: if you don’t have at least 5000 EFT tokens on your Tokpie account balance on November 29, 2019, 23:00 UTC then you get only 10% of Airdrop Amount.

When distribution

Airdrop amount of EFT tokens will be deposited to your Tokpie account balance on December 02, 2019.

Useful Links

XRM Airdrop on Tokpie Exchange

Know how to get Refine Medium (XRM) tokens for free!

Everyone who is subscribed to the Tokpie’s Light, Standard, Premium, or Enterprise plans will get 20-240 Refine Medium (XRM) tokens for free.

Tokpie’s subscription plans

Update

XRM tokens had been successfully distributed to Tokpie users subscribed to the Light, Standard, Premium, and Enterprise plans.

Airdrop amounts

The amount of airdrop you could get depends on the Subscription plan and joining conditions.

Subscription PlanAirdrop Amount ( ~ USD equivalent)
Light200 XRM ( ~ $10)
Standard210 XRM (~ $10.5)
Premium220 XRM (~ $11)
Enterprise240 XRM (~ $12)

How to join airdrop

There are two conditions which you must satisfy to get Airdrop Amount in full:

  • Be a Tokpie user subscribed to any of the paid plans (Light, Standard, Premium or Enterprise) on November 24, 2019, 23:00 UTC
  • Have at least 1000 XRM tokens on your Tokpie account balance on November 24, 2019, 23:00 UTC. XRM tokens must be purchased on the Tokpie Launchpad during Refine Medium IEO.
    IMPORTANT: if you don’t have at least 1000 XRM tokens on your Tokpie account balance on November 24, 2019, 23:00 UTC then you get only 10% of Airdrop Amount.

When distribution

Airdrop amount of XRM tokens will be deposited to your Tokpie account balance on November 25, 2019.

Useful Links

Easy Feedback (EFT) PTS on Tokpie Exchange

UPDATE

Easy Feedback (EFT) token sale on Tokpie has finished!
The start of the EFT token trading on Tokpie exchange will be announced soon.

Take part in the profitable, already working business since 2015! [completed]

Easy Feedback (EFT) public token sale on the Tokpie has been completed!

SESSION

Limited Time: starts Nov 15, 2019, 11:00 UTC, ends Nov 29, 2019, 23:00 UTC

PRICE WITH 45% DISCOUNT

  • EFT/USDC: 0.0275 USDC
  • EFT/ETH: 0.00014 ETH
  • EFT/TKP: 5.15 TKP

ASSET DESCRIPTION

Project name: Easy FeedBack
Token symbol: EFT 
Blockchain: Ethereum
Total supply: 179,141,000,000  EFT
EFT Price during the public token sale on Tokpie: 0.0275 USD
Total Tokens Allocated to Tokpie PTS: 360,000 EFT
Base ICO price: 0.05 USD

Easy Feedback Token (EFT) will be used to reward people who provide valuable feedbacks from www.EasyFeedback.com to improve products, services, and processes of companies and institutions.

IMPORTANT

The purchase price is guaranteed against future market fluctuations prior to unlocking. The bonus is included in the price. Cancellation or modification of tokens purchased charged with a 5% penalty. Token listing on Tokpie is planned to be done within several months after the end of the PTS. Tokpie does not provide any support related to PTS projects; Tokpie has the right of final interpretation.

LIMITATIONS

Users from the following countries will not be able to participate in token sales on Iran, North Korea, United States

RISK WARNING

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously.

FREE TOKENS AND REFUNDS

All users participating in Public Token Sales (PTSs) on Tokpie have great options to get tokens for FREE and get a refund for initially purchased tokens. Know how it works.

Refine Medium (XRM) IEO on Tokpie

UPDATE

Refine Medium (XRM) IEO on Tokpie has finished! Now, the XRM token listed and traded on Tokpie

Get Your 68% Bonus! [completed]

The Refine Medium (XRM) token sale on Tokpie has been completed!

SESSION

Limited Time: starts Nov 21, 2019, 11:00 UTC, ends Nov 24, 2019, 23:00 UTC

PRICE

  • XRM/USDC: 0.05 USDC
  • XRM/ETH: 0.00029 ETH
  • XRM/TKP: 9.4 TKP

ASSET DESCRIPTION

Project name: Refine Medium
Token symbol: XRM 
Blockchain: Ethereum
Total supply: 300,000,000 XRM
XRM Token Sale Price (IEO): 0.05 USD
Total Tokens Allocated to Tokpie IEO: 210,000 XRM
Price in ICO: 0.00085 ETH

Refine Medium is a media platform providing high-quality video content. Being decentralized, Refine Medium allows viewers, creators, and innovators to easily connect through Ethereum blockchain-based smart contracts.

IMPORTANT

The purchase price is guaranteed against future market fluctuations prior to unlocking (November 25, 2019). The bonus is included in the IEO price. Cancellation or modification of IEO tokens purchased charged with a 5% penalty. Tokpie is going to list XRM in the ETH market on November 25, 2019. Tokpie does not provide any support related to IEO projects; Tokpie has the right of final interpretation.

LIMITATIONS

Users from the following countries will not be able to participate in token sales on the IEO: Iran, North Korea, United States

RISK WARNING

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously.

FREE TOKENS AND REFUNDS

All users participating in Initial Exchange Offerings (IEOs) on Tokpie have great options to get IEO tokens for FREE and get a refund for initially purchased IEO tokens. Know how it works.

Asset Collateralization Rules

The process of 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
  • 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.
  • Ban of a user: accounts of users that make wash trading will be banned.

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:

    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,
    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