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.
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.
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.
Asset: is any digital asset that could represent specified bounty stakes of a particular project which are listed on Tokpie exchange and available for trading
Bounty campaign: is a marketing program aiming to promote a specified project where hunters can earn a project’s tokens.
Bounty stakes: are the points which are used as the means of evaluation of bounty hunter’s performance during a project’s bounty campaign. Every bounty stake represents the right to receive a project’s tokens in the future when stakes-to-token conversion rates are being defined.
Bounty Stakes Trading 2.0: is an alternative way to deposit and trade bounty stakes on Tokpie exchange.
Collateral: is the specified amount of TKP tokens pledged as security for obligation settlement. If a hunter fails to settle his obligation then he loses the corresponding collateral.
Collateralization: is the process of depositing bounty stakes on a user account balance and locking the corresponding amount of TKP tokens as collateral.
Collateralize: is an action leading to the depositing of particular bounty stakes on a user account balance after locking the corresponding amount of TKP tokens as collateral.
Depositing: is a process resulting in appearing bounty stakes on a user account balance.
Hunter: is a bounty hunter or bounty participant who is engaged in a Project’s bounty.
Obligation Settlement: is the process of unlocking TKP collateral that was initially used for the asset (bounty stakes) depositing.
Project: is a cryptocurrency startup, ICO, STO or a company that runs its bounty campaign and whose bounty stakes are listed on Tokpie.
Project’s tokens: any altcoin (token or coin) issued by a Project and used to reward bounty hunters who participate in Project’s bounty campaign.
Settle: is an action leading to the withdrawing of particular bounty stakes from a user account balance and unlocking the corresponding amount of TKP tokens initially pledged as collateral.
Stakes-to-token conversion rate: is a rate that defines how many tokens are to be distributed to a bounty hunter for the number of stakes earned in a specified bounty campaign.
TKP: is an ERC-20 token issued by Tokpie exchange that provides its holders with the following benefits.
Tokpie: is a cryptocurrency exchange that provides its users with the unique bounty stakes trading service.
User: A person who has registered Tokpie exchange.
1. Collateralization and Depositing
A user has an option to deposit bounty stakes, which are listed on Tokpie exchange under Bounty Stakes Trading 2.0 solution. To make such depositing a user shall provide collateral in TKP tokens. The size of the TKP collateral is calculated due to the formula:
Stake price x Quantity x Collateral rate
Where, Stake price is the best BID price from the related order book, Quantity is how many stakes you want to collateralize and deposit, Collateralrate is a number from 1.4 to 3.0 that depends on your price plan. The following collateral rates are applied: Trial plan: 3, Light plan: 2.5, Standard plan: 2, Premium plan: 1.8, Enterprise plan: 1.4. It means that a user having Enterprise status gets the lowest 71.4% LTV (Loan-to-Value Ratio).
Tokpie freezes TKP tokens pledged as collateral on a user account balance automatically when a user clicks on [Collaterilize & Deposit ] button here. At the same time, Tokpie depositing the corresponding amount of bounty stakes on a user account balance.
To get back TKP tokens pledged as collateral, a user shall settle his obligation as described below.
2. Obligation Settlement
Settlement before a project’s token distribution. A user has an option to return bounty stakes, which he had initially collateralized and deposited at any time before the token distribution event. If a user had already sold these bounty stakes, then he can buy the required amount in the related market here before the project’s token distribution to the bounty hunters.
Settlement after a project’s token distribution. Alternatively, a user has an option to settle his obligation regarding the initially collateralized & deposited bounty stakes by providing Tokpie with the related project’s tokens. The number of a project’s tokens to be provided is defined in accordance with the formula (unless otherwise stipulated by the rules):
stakes-to-token conversion rate x the number of unsettled bounty stakes
After a project’s token distribution event, Tokpie sends an email message to all users who still have unsettled obligations. After receiving such email, a user shall send a project’s tokens to Tokpie withing 48 hours.
After a user performs any of the above options to settle his obligation, Tokpie returns the corresponding TKP collateral to a user.
3. Bounty fails
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
NOTE: Tokpie is a working business. We are not running ICO or raising money. Instead, Tokpie exchange platform is live since Sep 2018 with TKP erc20 token already traded. So, every participant could get his reward with 100% probability (in TKP, ETH, and USDC). The aim of that bounty is to spread awareness about Tokpie exchange.
Review the main terms & conditions of Tokpie Bounty:
Bounty pool size:1,120,000 Tokpie (TKP) tokens will be distributed withing 21 days after July 28, 2019 (end of bounty)
How to get Ethereum (ETH)
Every eligible hunter will be able to sell a half of earned stakes for ETH immediately as the stakes appear in bounty spreadsheet (weekly). Know how to get ETH.
How to get USD stable coin (USDC)
Every eligible hunter will be able to sell a half of earned stakes for USDC immediately as the stakes appear in bounty spreadsheet (weekly). Know how to get USDC.
Bounty categories and allocation
The following campaigns and token allocation applied for ROUND #1:
The bounty campaign is split into 3 Rounds with the last round ending on July 28, 2019. Total bounty duration is equal to three months.
No KYC will be required!
Remember! Tokpie is a non-ICO business. Instead, we are the working cryptocurrency exchange platform where, among trading altcoins, any person can earn ‘cash’ by selling and buying bounty stakes of different projects. The usage of TOKPIE (TKP) token allows:
to get up to 500% trade fees discount
to decrease withdrawal commissions by almost twice
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.
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.
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.
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.