Learn more about MDZA token and how to trade it on Tokpie exchange.
If you’re dreaming about getting paid for using an app like Instagram, then look at Medooza. It’s a fast-growing startup from Israel. These guys have just launched Medooza Social App. So, you can download it and start earning MDZA tokens for every engagement. From this article, you will know what is MDZA token and how to trade it on the Tokpie cryptocurrency exchange.
What is MDZA token?
The MDZA is an Ethereum based (ERC20) token issued by the Medooza project. The primary usage of the token is to reward Medooza’s users for the time, effort, and content they’re creating. Amazing, isn’t it?
To deposit MDZA tokens on your Tokpie account follow this guide. Make sure that you are going to deposit MDZA tokens that relate to the smart contract address: 0x0ecdd783dc7bf820614044b51862ed29714d2ba5. If you deposit the wrong tokens, your transfer will not be identified by the Tokpie exchange.
NOTE: Tokpie doesn’t charge any fees for depositing!
To deposit KCH tokens on your Tokpie account follow this guide. Make sure that you are going to deposit KCH tokens that relate to the smart contract address: 0xdB80734b094a3F964DEdfD10e8946753aE0AC04c. If you deposit the wrong tokens, your transfer will not be identified by the Tokpie exchange.
NOTE: Tokpie doesn’t charge any fees for depositing!
Learn about wrapped Bitcoin (WBTC) and how it’s useful for you.
Wrapped Bitcoin is the most liquid ERC20 token pledge with Bitcoin. One WBTC is equal to one BTC. Wrapped Bitcoin (WBTC) is very useful for decentralized exchanges and dApps that operate on the Ethereum blockchain. Being completely transparent, WBTC is a 100% community-led digital asset. This article explains how WBTC works and what advantages it brings to traders, Ethereum-powered tools, and other cryptocurrency service providers.
From the image below, you can see that WBTC’s price strongly correlates to BTC price.
Advantages of WBTC
WBTC gives greater liquidity to the Ethereum ecosystem including decentralized exchanges (DEXs) and financial applications. A great example is Uniswap which supports WBTC/ETH market pair. That pair attracts around $1 billion in liquidity. Nowadays, centralized exchanges generate most of the trading volume with Bitcoin. However, WBTC changes that, re-allocating Bitcoin’s liquidity to the Ethereum blockchain and ERC-20 tokens.
WBTC standardizes Bitcoin (BTC) to the ERC20 format. It allows the creation of smart contracts for Bitcoin and the integration of BTC transfers. Therefore, instead of maintaining various nodes for different transaction types, exchanges, wallets, and Dapps only need to support an Ethereum node.
Benefits for Traders, Institutions, and Dapps
Traders, Institutions, and decentralized applications (Dapps) are the main counterparties that win by using WBTC.
Exchanges, wallets, payment services
Handling multiple cryptocurrencies across different nodes and transaction formats is a hard task for exchanges, wallets, and payment services. But, WBTC provides the benefits of Ethereum and Bitcoin nodes, making it easy to handle the wrapped cryptocurrency with only the Ethereum node.
Decentralized applications (Dapps)
In addition, decentralized applications can now leverage Bitcoin payments in smart contracts for lending protocols, funds, prediction markets, and token sales.
Also, Wrapped BTC (WBTC) allows users to experience increased liquidity and participation. The Ethereum network is processing transactions faster and cheaper than the Bitcoin network. As a result, Bitcoin holders don’t have to wait anymore. Thanks to WBTC, moving Bitcoin between exchanges via the Ethereum blockchain is much more cost-efficient.
To get WBTC, a user requests tokens from a merchant. After that, a merchant performs a swap. During a swap, a user provides the merchant with Bitcoin, while Merchant, in turn, transfers WBTC to the user.
Minting is the process of creating new wrapped tokens (WBTC). A merchant initialized such minting. You can find proof of assets by clicking on these BTC wallets.
Burning is the process of redeeming BTC for WBTC tokens. Only a merchant can do this. The amount is deducted from the merchant’s WBTC balance (on-chain) and the supply of WBTC is then reduced.
How to buy WBTC?
You can purchase Wrapped Bitcoin (WBTC) for USDT or ETH in three simple steps:
How to buy Wrapped Bitcoin with Bank Card or Apple Pay?
Use your bank card or Apple Pay to obtain Wrapped Bitcoin (WBTC) coins for local fiat currency, directly and in minutes. Open the bank card processing page, and enter the amount of WBTC and your ERC20 wallet address. Then click the Continue button. That’s it.
How to sell WBTC?
To sell Wrapped Bitcoin (WBTC) for USDT or ETH, follow three steps:
Who knows how to make the most powerful decentralized exchange? John McAfee does know it 100%.
The latest John McAfee’s blockchain venture, McAfeeDEX is a mega-hyped decentralized exchange. Moreover, it is offering a free listing for Eethereum-based tokens. These facts could make this exchange a Forkdelta killer in the near future.
Besides, McAfeeDEX has already passed the CoinMarketCap phase #1 exchange listing process. It means that all ERC20 altcoins listed on McAfeeDEX will automatically gain traction on CMC sooner or later.
Hence, the Tokpie team has decided to list the TOKPIE (TKP) token on McAfeeDEXwithout hesitation. The following pairs are available:
Read below to know how to list your token too.
How to list cryptocurrency on McAfeeDEX
Anyone can list any ethereum based token on McAfee’s for free in few steps:
Activate your Metamask
Open McAfee DEX
Click on ‘Add Token’
Enter your token smart contract’s address, ticker (symbol), and decimals in the next window
Click on Confirm
Additional trading pairs on McAfeeDEX
It is possible to trade ERC20 tokens against Ethereum (ETH) and other additional stable coins. Currently, the following quote currencies (stable coins) are available:
DAI is a decentralized stable coin based on the Ethereum ERC20 standard. Every DAI is pegged to $1 USD.
WBTC is an ERC20 token wrapped by Bitcoin. This is the first Eethereum based backed 1:1 with Bitcoin.
BUSD is an invention of the Binance exchange and Paxos Trust Company. One BUSD represents one US dollar-backed stable coin.
TUSD is a symbol for TrueUSD token, a price-stable cryptocurrency pledged by US Dollars. The TrustToken, a platform issued TUSD, is aiming to tokenize real-world currencies (USD, Yen) and valuable assets (real estate, art, and IP).
What is TKP
TKP is a token of Tokpie exchange. It’s a first-ever cryptocurrency exchange that provides Bounty Stakes Trading service. Tokpie users can trade, earn and invest as never before. Moreover, holders of TKP can benefit through 500% trade fees discount, regular airdrops, and many other perks and bonuses.
What is McAfeeDEX
McAfeeDEX is a decentralized exchange. It’s based on Ethereum blockchain and backed by John McAfee. To make trade deals you can be a resident of any country. Traders don’t need to provide any documents and emails. The exchange works in a completely decentralized way. The Takers pay 0.25% transaction fees. At the same time, Makers don’t pay anything.
Please note that at the moment of writing this article, McAfee’s exchange is on beta testing. Therefore, some functions e.g. price chat displaying or balance updating may work weirdly. In addition, Coingecko currently doesn’t support McAfee exchange.