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.

Stake YOUC Tokens to Get Passive Income

Stake YOUC tokens at fair-market rates, enjoy early repayments without penalties. No KYC and credit checks.

Stake YOUC tokens at fair-market rates. Enjoy early repayments without penalties, KYC, and credit checks. Let your YOUcash (YOUC) tokens do the work! Read this guide to know how to stake YOUC tokens. Alternatively, you can watch a 4-minutes video.

Short video guide on how to stake YOUC and make a profit in two ways.

How can I stake YOUC tokens?

To stake YOUC tokens and earn competitive returns, you need to become a holder of YOUC promissory notes as described below:

  1. Sign up or log in to Tokpie exchange.
  2. Make sure that you have YOUC tokens on your Tokpie account. If you don’t have them, deposit YOUC tokens from outside or buy them on Tokpie markets: YOUC/ETHYOUC/USDCYOUC/WBTC.  
  3. Select YOUC Promissory notes that you want to get by clicking on the related market here. Note that promissory notes have different Maturity Dates and APRs (Annual Percentage Rates).
  4. After you open YOUC promissory note’s market, click on [BUY], enter quantity, price, and press the [SUBMIT ORDER] button (look at the image below). Note that you can buy and sell promissory notes as any other crypto asset.
YOUC promissory notes
Stake YOUC by buying YOUC promissory notes

Can I see YOUC token staking example?

Yes, you can see an example (on the screenshot above) of how to stake YOUC tokens by buying its Promissory Notes.

When you buy 3,000 [YOUC_PN_15_MAR_2021] notes at a price of 0.981 YOUC, it means you lend 2,943 YOUC until MAR 15, 2021. As the result, you will get 3,000 YOUC on MAR 15, 2021. The profit will be 57 YOUC (3,000-2,943).

Moreover, you don’t have to wait for MAR 15, 2021, to get 57 YOUC profit. Alternatively, you can sell YOUC promissory notes at any time before the maturity date!

For example, the price of [YOUC_PN_15_MAR_2021] notes grows up from 0.981 to 0.99 YOUC in 5 days after you purchased them. Therefore, you could sell 3,000 notes for 2970 YOUC. The profit will be 27 YOUC (2970-2943) for five days. That would be an equivalent of 66.97% APR (27/2943/5*365*100%).

A short video example.

What is YOUC Promissory Note?

The YOUC Promissory Note is a digital title that confirms the issuer’s promise to pay 1 (one) YOUC to Tokpie at the specified maturity date. Tokpie, in turn, guarantees to pay 1 (one) YOUC to any holder of one Promissory Note at the maturity date.

Any user can issue YOUC promissory notes and sell them to get a loan. Moreover, anyone can buy YOUC promissory notes to stake (lend) YOUC and earn returns. Because of internal circulation, users can not withdraw Promissory Notes from the Tokpie exchange.

How to get repayment at any time?

To get back YOUC tokens (get a repayment) contributed to the purchasing of promissory notes, sell your promissory notes. 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.

What is the minimum staking amount?

The minimum amount of YOUC tokens that you need to start staking is 1 YOUC. It means that you can use just one YOUC to purchase YOUC promissory notes and start earning passive income.

What is the Annual Percentage Rates for YOUC token staking?

To know the Annual Percentage Rates for the YOUC token, regularly check the Lend APRs for YOUC promissory notes. It helps you to catch the best potential income. It’s called potential because you can sell promissory notes with a profit at any time before the maturity date.

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

APR (Annual Percentage Rate) is the annualized 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%

Shall I pay any fees for YOUC staking?

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.

What passive income strategies can I use?

There are many profitable strategies that you can realize by staking YOUC tokens. Find some possible methods below.

  • Purchase YOUC promissory notes when lending APRs are high.
  • Buy YOUC promissory notes when YOUC token price is going to grow on the spot market.
  • Purchase long-term YOUC promissory notes when YOUC token price is low on the spot market.
  • Regularly buy YOUC promissory notes if you have YOUC tokens’ surplus.

So, what are you waiting for? HODL YOUC and let your tokens do the work! Earn passive income at fair-market rates. There are no KYC, no minimums, and no lock-ups. Start collecting profit in your pocket. Earn the passive income you deserve.

Useful links

For any questions 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 March 01, 2021, to March 30, 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