Problems <\/h3>\n\n\n\n- When the possibility to earn passive income from token staking is closed, the temptation to sell this token grows.<\/li>
- Another problem is that a person having TKP or ETH can face an urgent need for money. <\/li>
- To deposit and sell bounty stakes under Bounty Stakes Trading 2.0, hunters will have to pledge TKP tokens as collateral. But what if TKP price is too high and a bounty hunter doesn’t want to buy it.<\/li><\/ul>\n\n\n\n
To solve all the above problems simultaneously, Tokpie introduces a p2p lending solution. It will allow TKP holders to earn income through TKP lending to other people, which need money quickly.<\/p>\n\n\n\n
P2P Lending Solution<\/h3>\n\n\n\nBasic Principles <\/h5>\n\n\n\n- Any holder of any TKP amounts could lend them and start earning income.<\/li>
- Any person could borrow TKP tokens, use them or sell immediately to withdraw ETH, USDC or any other listed cryptocurrency.<\/li>
- Lenders and borrowers will be able to negotiate any interest rate by bargaining on price in the related Order Book. The result, fair-market lending interest rates will be defined by people (Figure 2 below<\/em>). <\/li>
- P2P lending will be based on the same mechanics which are used for collateralizing and asset trading on Tokpie. <\/li>
- Users who want to borrow shall deposit (issue) a Promissory Note by providing TKP or ETH as collateral (Figure 1 below)<\/em>.
- The following sale of Promissory Note to lenders gives money to a borrower. <\/li>
- To help borrowers and lenders to make the right decisions, an Annual Interest Rate<\/em> will be automatically displayed before trade order submission (Figure 2 below<\/em>). Annual Interest Rate will be calculated due to the formula:
(((1-matched price)\/matched price)\/days until the promissory note expiration)*365*100%<\/code><\/li><\/ol><\/li>- Users who want to lend and earn interest income shall buy a Promissory Note with a discount.
- By buying Promissory Note lenders earn incomes due to the formula:
(1-matched price)*amount of Promisory notes bought<\/code>. So the lower a purchase (matched) price the higher income will be earned. Annual Interest Rate is calculated in the same way as stated in clause 5.2 above.<\/li><\/ol><\/li>- One Promissory Note (PN) is a digital title that confirms the issuer’s promise to pay 1 (one) TKP to Tokpie at a specified date. Tokpie, in turn, will guaranty to pay 1 (one) TKP to any holder of one Promissory Note at a specified date.
- Promissory notes in circulation will have different times of repayment. For example, a day of repayment (execution) for Promissory Note title [TKP_PN_15APR2020] will be April 15, 2020. <\/li>
- People could deposit (issue) any quantity of Promissory Notes depending on the amount of collateral pledged. <\/li>
- Promissory Notes could not be withdrawn, but they could be issued, sold, bought, settled (repaid) or held on balance until execution day. <\/li><\/ol><\/li><\/ol>\n\n\n\n
Examples of use case<\/strong><\/h5>\n\n\n\nBorrowing<\/strong><\/h6>\n\n\n\nAlice wants to borrow 95 TKP on January 15, 2020, and willing to pay back 100 TKP in three months. <\/p>\n\n\n\n
- She deposits (issue) 100 Promisorry notes [TKP_PN_15APR2020] by providing 300 TKP as collateral. See an example in Figure 1 below<\/em>.<\/li>
- She opens the related order book [TKP_PN_15APR2020] \/ [ TKP ] and submits a trade order to sell 100 [TKP_PN_15APR2020] for the price she wants. Let’s assume that she wants to sell 100 promissory notes for the price of 0.95 TKP per one. See an example in Figure 2 below.<\/em><\/li>
- If any lender e.g. Bob submits a purchase order for the same price (95 TKP), then Alice receives 95 TKP (0.95 x 100) on her balance. At the same time, Bob receives 100 promissory notes. See an example in Figure 2 below.<\/em><\/li>
- If Alice doesn’t settle her obligation earlier, then Tokpie will deduct 100 TKP from Allice’s balance on April 15, 2020, to auto-settle her obligation and release her 300 TKP frozen as collateral.<\/li>
- One of the greatest features is that Allice can buy back Promissory notes [TKP_PN_15APR2020] to settle her obligation and release collateral at any time before April 15, 2020. Moreover, she can even try to buy them for a much lower price than she sold before to decrease expenses. <\/li><\/ol>\n\n\n\n
Lending<\/h6>\n\n\n\n
Bob has 95 TKP on January 15, 2020. He wants to earn 5 TKP in interest income for the next three months.<\/p>\n\n\n\n
- Bob opens the related order book [TKP_PN_15APR2020 \/ TKP ] and submits a trade order to buy 100 [TKP_PN_15APR2020]. He can set any price he wants! Let’s assume that he buys 100 promissory notes for the price of 0.95 TKP per each. See an example in Figure 2 below.<\/em><\/li>
- The result, Bob receives 100 promissory notes and pay 95 TKP for that. <\/li>
- If Bob doesn’t sell the promissory notes earlier then Tokpie will automatically top-up his balance with 100 TKP on April 15, 2020, and deduct 100 Promissory notes.
- The result of that trade Bob will earn 5 TKP or 21.34 annual income as shown in Figure 2 below<\/em>. <\/li><\/ol><\/li>
- Moreover, Bob can sell the Promissory notes for any market price (e.g. higher than 95 TKP ) at any time before April 15, 2020. <\/li><\/ol>\n\n\n\n
![\"\"](\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2019\/07\/promissory_notes_issuing-1024x628.png\")
Figure 1. Promissory Notes issuing (depositing)<\/figcaption><\/figure><\/div>\n\n\n\n![\"\"](\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2019\/07\/promissory_notes_trading-1024x638.png\")
Figure 2. Promissory Notes trading<\/figcaption><\/figure>\n\n\n\nJoin the community discussion on Bitcointalk<\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"
To solve all the above problems simultaneously, Tokpie introduces a p2p lending solution. It will allow TKP holders to earn income through TKP lending to other people, which need money quickly.<\/p>\n\n\n\n
P2P Lending Solution<\/h3>\n\n\n\nBasic Principles <\/h5>\n\n\n\n- Any holder of any TKP amounts could lend them and start earning income.<\/li>
- Any person could borrow TKP tokens, use them or sell immediately to withdraw ETH, USDC or any other listed cryptocurrency.<\/li>
- Lenders and borrowers will be able to negotiate any interest rate by bargaining on price in the related Order Book. The result, fair-market lending interest rates will be defined by people (Figure 2 below<\/em>). <\/li>
- P2P lending will be based on the same mechanics which are used for collateralizing and asset trading on Tokpie. <\/li>
- Users who want to borrow shall deposit (issue) a Promissory Note by providing TKP or ETH as collateral (Figure 1 below)<\/em>.
- The following sale of Promissory Note to lenders gives money to a borrower. <\/li>
- To help borrowers and lenders to make the right decisions, an Annual Interest Rate<\/em> will be automatically displayed before trade order submission (Figure 2 below<\/em>). Annual Interest Rate will be calculated due to the formula:
(((1-matched price)\/matched price)\/days until the promissory note expiration)*365*100%<\/code><\/li><\/ol><\/li>- Users who want to lend and earn interest income shall buy a Promissory Note with a discount.
- By buying Promissory Note lenders earn incomes due to the formula:
(1-matched price)*amount of Promisory notes bought<\/code>. So the lower a purchase (matched) price the higher income will be earned. Annual Interest Rate is calculated in the same way as stated in clause 5.2 above.<\/li><\/ol><\/li>- One Promissory Note (PN) is a digital title that confirms the issuer’s promise to pay 1 (one) TKP to Tokpie at a specified date. Tokpie, in turn, will guaranty to pay 1 (one) TKP to any holder of one Promissory Note at a specified date.
- Promissory notes in circulation will have different times of repayment. For example, a day of repayment (execution) for Promissory Note title [TKP_PN_15APR2020] will be April 15, 2020. <\/li>
- People could deposit (issue) any quantity of Promissory Notes depending on the amount of collateral pledged. <\/li>
- Promissory Notes could not be withdrawn, but they could be issued, sold, bought, settled (repaid) or held on balance until execution day. <\/li><\/ol><\/li><\/ol>\n\n\n\n
Examples of use case<\/strong><\/h5>\n\n\n\nBorrowing<\/strong><\/h6>\n\n\n\nAlice wants to borrow 95 TKP on January 15, 2020, and willing to pay back 100 TKP in three months. <\/p>\n\n\n\n
- She deposits (issue) 100 Promisorry notes [TKP_PN_15APR2020] by providing 300 TKP as collateral. See an example in Figure 1 below<\/em>.<\/li>
- She opens the related order book [TKP_PN_15APR2020] \/ [ TKP ] and submits a trade order to sell 100 [TKP_PN_15APR2020] for the price she wants. Let’s assume that she wants to sell 100 promissory notes for the price of 0.95 TKP per one. See an example in Figure 2 below.<\/em><\/li>
- If any lender e.g. Bob submits a purchase order for the same price (95 TKP), then Alice receives 95 TKP (0.95 x 100) on her balance. At the same time, Bob receives 100 promissory notes. See an example in Figure 2 below.<\/em><\/li>
- If Alice doesn’t settle her obligation earlier, then Tokpie will deduct 100 TKP from Allice’s balance on April 15, 2020, to auto-settle her obligation and release her 300 TKP frozen as collateral.<\/li>
- One of the greatest features is that Allice can buy back Promissory notes [TKP_PN_15APR2020] to settle her obligation and release collateral at any time before April 15, 2020. Moreover, she can even try to buy them for a much lower price than she sold before to decrease expenses. <\/li><\/ol>\n\n\n\n
Lending<\/h6>\n\n\n\n
Bob has 95 TKP on January 15, 2020. He wants to earn 5 TKP in interest income for the next three months.<\/p>\n\n\n\n
- Bob opens the related order book [TKP_PN_15APR2020 \/ TKP ] and submits a trade order to buy 100 [TKP_PN_15APR2020]. He can set any price he wants! Let’s assume that he buys 100 promissory notes for the price of 0.95 TKP per each. See an example in Figure 2 below.<\/em><\/li>
- The result, Bob receives 100 promissory notes and pay 95 TKP for that. <\/li>
- If Bob doesn’t sell the promissory notes earlier then Tokpie will automatically top-up his balance with 100 TKP on April 15, 2020, and deduct 100 Promissory notes.
- The result of that trade Bob will earn 5 TKP or 21.34 annual income as shown in Figure 2 below<\/em>. <\/li><\/ol><\/li>
- Moreover, Bob can sell the Promissory notes for any market price (e.g. higher than 95 TKP ) at any time before April 15, 2020. <\/li><\/ol>\n\n\n\n
Figure 1. Promissory Notes issuing (depositing)<\/figcaption><\/figure><\/div>\n\n\n\nFigure 2. Promissory Notes trading<\/figcaption><\/figure>\n\n\n\nJoin the community discussion on Bitcointalk<\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"
- Any holder of any TKP amounts could lend them and start earning income.<\/li>
- Any person could borrow TKP tokens, use them or sell immediately to withdraw ETH, USDC or any other listed cryptocurrency.<\/li>
- Lenders and borrowers will be able to negotiate any interest rate by bargaining on price in the related Order Book. The result, fair-market lending interest rates will be defined by people (Figure 2 below<\/em>). <\/li>
- P2P lending will be based on the same mechanics which are used for collateralizing and asset trading on Tokpie. <\/li>
- Users who want to borrow shall deposit (issue) a Promissory Note by providing TKP or ETH as collateral (Figure 1 below)<\/em>.
- The following sale of Promissory Note to lenders gives money to a borrower. <\/li>
- To help borrowers and lenders to make the right decisions, an Annual Interest Rate<\/em> will be automatically displayed before trade order submission (Figure 2 below<\/em>). Annual Interest Rate will be calculated due to the formula:
(((1-matched price)\/matched price)\/days until the promissory note expiration)*365*100%<\/code><\/li><\/ol><\/li>- Users who want to lend and earn interest income shall buy a Promissory Note with a discount.
- By buying Promissory Note lenders earn incomes due to the formula:
(1-matched price)*amount of Promisory notes bought<\/code>. So the lower a purchase (matched) price the higher income will be earned. Annual Interest Rate is calculated in the same way as stated in clause 5.2 above.<\/li><\/ol><\/li>- One Promissory Note (PN) is a digital title that confirms the issuer’s promise to pay 1 (one) TKP to Tokpie at a specified date. Tokpie, in turn, will guaranty to pay 1 (one) TKP to any holder of one Promissory Note at a specified date.
- Promissory notes in circulation will have different times of repayment. For example, a day of repayment (execution) for Promissory Note title [TKP_PN_15APR2020] will be April 15, 2020. <\/li>
- People could deposit (issue) any quantity of Promissory Notes depending on the amount of collateral pledged. <\/li>
- Promissory Notes could not be withdrawn, but they could be issued, sold, bought, settled (repaid) or held on balance until execution day. <\/li><\/ol><\/li><\/ol>\n\n\n\n
Examples of use case<\/strong><\/h5>\n\n\n\n
Borrowing<\/strong><\/h6>\n\n\n\n
Alice wants to borrow 95 TKP on January 15, 2020, and willing to pay back 100 TKP in three months. <\/p>\n\n\n\n
- She deposits (issue) 100 Promisorry notes [TKP_PN_15APR2020] by providing 300 TKP as collateral. See an example in Figure 1 below<\/em>.<\/li>
- She opens the related order book [TKP_PN_15APR2020] \/ [ TKP ] and submits a trade order to sell 100 [TKP_PN_15APR2020] for the price she wants. Let’s assume that she wants to sell 100 promissory notes for the price of 0.95 TKP per one. See an example in Figure 2 below.<\/em><\/li>
- If any lender e.g. Bob submits a purchase order for the same price (95 TKP), then Alice receives 95 TKP (0.95 x 100) on her balance. At the same time, Bob receives 100 promissory notes. See an example in Figure 2 below.<\/em><\/li>
- If Alice doesn’t settle her obligation earlier, then Tokpie will deduct 100 TKP from Allice’s balance on April 15, 2020, to auto-settle her obligation and release her 300 TKP frozen as collateral.<\/li>
- One of the greatest features is that Allice can buy back Promissory notes [TKP_PN_15APR2020] to settle her obligation and release collateral at any time before April 15, 2020. Moreover, she can even try to buy them for a much lower price than she sold before to decrease expenses. <\/li><\/ol>\n\n\n\n
Lending<\/h6>\n\n\n\n
Bob has 95 TKP on January 15, 2020. He wants to earn 5 TKP in interest income for the next three months.<\/p>\n\n\n\n- Bob opens the related order book [TKP_PN_15APR2020 \/ TKP ] and submits a trade order to buy 100 [TKP_PN_15APR2020]. He can set any price he wants! Let’s assume that he buys 100 promissory notes for the price of 0.95 TKP per each. See an example in Figure 2 below.<\/em><\/li>
- The result, Bob receives 100 promissory notes and pay 95 TKP for that. <\/li>
- If Bob doesn’t sell the promissory notes earlier then Tokpie will automatically top-up his balance with 100 TKP on April 15, 2020, and deduct 100 Promissory notes.
- The result of that trade Bob will earn 5 TKP or 21.34 annual income as shown in Figure 2 below<\/em>. <\/li><\/ol><\/li>
- Moreover, Bob can sell the Promissory notes for any market price (e.g. higher than 95 TKP ) at any time before April 15, 2020. <\/li><\/ol>\n\n\n\n
Figure 1. Promissory Notes issuing (depositing)<\/figcaption><\/figure><\/div>\n\n\n\n Figure 2. Promissory Notes trading<\/figcaption><\/figure>\n\n\n\n Join the community discussion on Bitcointalk<\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"
- Moreover, Bob can sell the Promissory notes for any market price (e.g. higher than 95 TKP ) at any time before April 15, 2020. <\/li><\/ol>\n\n\n\n
- She opens the related order book [TKP_PN_15APR2020] \/ [ TKP ] and submits a trade order to sell 100 [TKP_PN_15APR2020] for the price she wants. Let’s assume that she wants to sell 100 promissory notes for the price of 0.95 TKP per one. See an example in Figure 2 below.<\/em><\/li>
- She deposits (issue) 100 Promisorry notes [TKP_PN_15APR2020] by providing 300 TKP as collateral. See an example in Figure 1 below<\/em>.<\/li>
- One Promissory Note (PN) is a digital title that confirms the issuer’s promise to pay 1 (one) TKP to Tokpie at a specified date. Tokpie, in turn, will guaranty to pay 1 (one) TKP to any holder of one Promissory Note at a specified date.
- Users who want to lend and earn interest income shall buy a Promissory Note with a discount.