{"id":2694,"date":"2019-12-02T12:49:27","date_gmt":"2019-12-02T12:49:27","guid":{"rendered":"https:\/\/tokpie.io\/blog\/?p=2694"},"modified":"2019-12-19T11:28:02","modified_gmt":"2019-12-19T11:28:02","slug":"how-to-settle-the-deposited-pgpay-bounty-stakes","status":"publish","type":"post","link":"https:\/\/tokpie.io\/blog\/how-to-settle-the-deposited-pgpay-bounty-stakes\/","title":{"rendered":"How To Settle the Deposited PGPAY Bounty Stakes"},"content":{"rendered":"\n<p>To get back TKP collateral tied during PGPAY bounty stakes <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/blog\/how-to-deposit-pgpay-bounty-stakes\/\" target=\"_blank\">depositing<\/a>, use one of the following options:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Get collateral\u00a0back <strong>BEFORE<\/strong>\u00a0bounty distribution<\/h2>\n\n\n\n<p>It&#8217;s possible to return PGPAY bounty stakes, which you had previously deposited at any time before PGPAY tokens distribution to bounty hunters.   <br><br>How to do that?<br>1. Open\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.com\/dashboard\/make_ca_user\/\" target=\"_blank\">Collaterelize Asset\u00a0<\/a>page<br>2. Find the line with the bounty stakes which you want to settle<br>3. Click on [settle] button as shown in the screenshot below.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"247\" src=\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2019\/12\/pgpay_bounty_stakes_settle-1024x247.png\" alt=\"get TKP collateral back \" class=\"wp-image-2695\" srcset=\"https:\/\/b3776367.smushcdn.com\/3776367\/wp-content\/uploads\/2019\/12\/pgpay_bounty_stakes_settle.png?size=168x41&amp;lossy=2&amp;strip=1&amp;webp=1 168w, https:\/\/b3776367.smushcdn.com\/3776367\/wp-content\/uploads\/2019\/12\/pgpay_bounty_stakes_settle-300x72.png?lossy=2&amp;strip=1&amp;webp=1 300w, https:\/\/b3776367.smushcdn.com\/3776367\/wp-content\/uploads\/2019\/12\/pgpay_bounty_stakes_settle.png?size=504x122&amp;lossy=2&amp;strip=1&amp;webp=1 504w, https:\/\/b3776367.smushcdn.com\/3776367\/wp-content\/uploads\/2019\/12\/pgpay_bounty_stakes_settle.png?size=672x162&amp;lossy=2&amp;strip=1&amp;webp=1 672w, https:\/\/b3776367.smushcdn.com\/3776367\/wp-content\/uploads\/2019\/12\/pgpay_bounty_stakes_settle-768x185.png?lossy=2&amp;strip=1&amp;webp=1 768w, https:\/\/b3776367.smushcdn.com\/3776367\/wp-content\/uploads\/2019\/12\/pgpay_bounty_stakes_settle.png?size=840x203&amp;lossy=2&amp;strip=1&amp;webp=1 840w, https:\/\/b3776367.smushcdn.com\/3776367\/wp-content\/uploads\/2019\/12\/pgpay_bounty_stakes_settle.png?lossy=2&amp;strip=1&amp;webp=1 1024w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><figcaption>Settling of deposited bounty stakes.<\/figcaption><\/figure><\/div>\n\n\n\n<p>The result, the same amount of previously collateralized and deposited bounty stakes will be deducted from your Tokpie account balance. At the same time, the tied TKP tokens will be released.<\/p>\n\n\n\n<p>IMPORTANT: Make sure that you have the same stakes available on your balance in the same amount. If you don\u2019t have, then close all opened orders or buy these stakes in the related&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/tokpie.io\/#stakes-tkp\" target=\"_blank\">market<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Get collateral\u00a0back AFTER bounty distribution <\/h2>\n\n\n\n<p>If you don\u2019t do as described in the 1st option above, then Tokpie sends you an email notification containing the following information:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>amount of PGPAY tokens that you must send to Tokpie. It\u2019s calculated as&nbsp;<code>stakes-to-token conversion rate x the number of unsettled bounty stakes<\/code>;<\/li><li>a wallet address to which you must transfer this amount of PGPAY tokens.<\/li><\/ul>\n\n\n\n<p>NOTE:<br>\u2013 Tokpie sends such email notification only after PGPAY tokens are distributed to all bounty hunters. After getting email notice, you will  have&nbsp;<strong>48 hours<\/strong>&nbsp;to send PGPAY tokens;<br>\u2013 After a successful transfer, you will get back TKP tokens previously tied as   collateral and your obligation will be settled automatically;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What if bounty campaign fails<\/h3>\n\n\n\n<p>If PGPay bounty doesn\u2019t distribute PGPAY tokens to bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user who has collateralized and deposited PGPAY bounty stakes, due to the  formula:&nbsp;<\/p>\n\n\n\n<p><code><em>TKP pledged as collateral&nbsp;<\/em><strong><em>-<\/em><\/strong><em>&nbsp;TKP tokens already obtained by a user from selling the related bounty stakes<\/em><\/code><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Useful Links<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/crypto-bounty-analyzer\" target=\"_blank\">Catch the right price for selling bounty stakes<\/a><\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/blog\/take-ethereum-eth-usdc-and-tkp-in-advance-for-bounty-work\/\" target=\"_blank\">How bounty stakes trading works<\/a><\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/blog\/get-money-immediately-sell-pgpay-bounty-stakes-for-eth-usdc-tkp-before-distribution\/\" target=\"_blank\">Full guide on how to get money for PGPay bounty stakes<\/a><\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/blog\/puregold-pgpay-bounty\/\" target=\"_blank\">PGPay Bounty Campaign<\/a><\/li><li>For any questions, you can contact us at&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/t.me\/tokpie\" target=\"_blank\">https:\/\/t.me\/tokpie<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Get back TKP collateral at any moment before bounty distribution or 48h after.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[5,312,561,570,571,572,587,695,706],"class_list":["post-2694","post","type-post","status-publish","format-standard","hentry","category-bounties","tag-tkp","tag-bounty-stakes-trading-2-0","tag-obligation-settlement","tag-return-collateral","tag-return-tokens","tag-release-collateral","tag-unfreeze-collateral","tag-pgpay","tag-pgpay-bounty"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v23.9) - 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