{"id":4686,"date":"2021-04-14T12:00:41","date_gmt":"2021-04-14T12:00:41","guid":{"rendered":"https:\/\/tokpie.io\/blog\/?p=4686"},"modified":"2024-10-19T18:53:02","modified_gmt":"2024-10-19T18:53:02","slug":"stonkswap-stonk-token","status":"publish","type":"post","link":"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/","title":{"rendered":"Wrapped Stocks on Ethereum: Meet StonkSwap and STONK Token"},"content":{"rendered":"\n<p>Apart from DeFi and NFT boom, another trend is rising in the crypto market. We are talking about platforms that allow users to trade traditional stocks on a blockchain. Today, you will learn about the StonkSwap working protocol and its STONK token. Also, you will learn how to trade STONK tokens on Tokpie.<\/p>\n\n\n\n<p class=\"has-background has-pale-pink-background-color\"><strong>Update<\/strong>: the web is not working.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What&#8217;s the StonkSwap?<\/h2>\n\n\n\n<p>The StonkSwap is a decentralized protocol to wrap stocks from the classical stock exchange market. As a result, StonkSwap users can trade wrapped stocks right from their Metamask wallets. That solution gives the following advantages comparing to traditional stock exchanges:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Ability to trade stocks 24\/7\/365;<\/li><li>Simple cross-border trading regardless a user&#8217;s location;<\/li><li>Immediate settlement. Just like on any DEX.<\/li><\/ul>\n\n\n\n<p>So, StonkSwap&#8217;s users can buy and sell wrapped stocks like Tesla (wTSLA) or Apple (wAAPL) on the Ethereum chain quickly. The holders of StonkSwap tokens can define what assets to add to the list of wrapped shares. Moreover, users store all wrapped stocks backed with actual stock shares in their wallets. That&#8217;s exceptionally safe.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2021\/04\/StonkSwap_protocol.png\" alt=\"StonkSwap app\" class=\"wp-image-4690\"\/><figcaption>StonkSwap DEX protocol<\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">What&#8217;s the STONK token?<\/h2>\n\n\n\n<p>The STONK is an ERC20 token. Its primary values are to be a governance token and pay trade fees. Consequently, only STONK-holders vote for the new stock to be wrapped and added into the StonkSwap protocol. Also, users spent STONK for each trade as a gas fee.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Token Name: StonkSwap Token<\/li><li>Symbol: STONK<\/li><li>The Website doesn&#8217;t work.<\/li><li>Token total supply: 1,000,000<\/li><li>Smart contract address: <a rel=\"noreferrer noopener\" aria-label=\"0x35b55c25731E9b05B1d8480ba39463d52C9D0211 (opens in a new tab)\" href=\"https:\/\/etherscan.io\/token\/0x35b55c25731E9b05B1d8480ba39463d52C9D0211\" target=\"_blank\">0x35b55c25731E9b05B1d8480ba39463d52C9D0211<\/a><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">How to buy STONK tokens?<\/h2>\n\n\n\n<p>To purchase STONK tokens for <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/blog\/eth-ethereum\/\" target=\"_blank\">ETH<\/a> do three simple steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325617-4-Fund-your-account\" target=\"_blank\">Fund<\/a> your account with ETH. If you don\u2019t have crypto, you can <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/swap\/?crypto=USDT\" target=\"_blank\">purchase ETH with a bank card<\/a> in a few minutes.<\/li><li>Open the <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/tokpie.com\/view_exchange\/STONK-ETH\/\" target=\"_blank\">STONK\/ETH<\/a> order book and place your trade order to <strong>buy<\/strong>. Use this <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325637-5-Buy-or-sell-cryptocurrencies-\" target=\"_blank\">instruction<\/a> if you don\u2019t know how to place a trade order.<\/li><li><a href=\"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/#How_to_withdraw_STONK_tokens\">Withdraw STONK<\/a> tokens to your personal Ethereum wallet or hold them on the account.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">How to sell STONK tokens?<\/h2>\n\n\n\n<p>To sell STONK tokens for <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/blog\/eth-ethereum\/\" target=\"_blank\">ETH<\/a> follow three steps: <\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><a href=\"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/#How_to_deposit_STONK_tokens\">Deposit STONK<\/a> tokens on your account.<\/li><li>Open the <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.com\/view_exchange\/STONK-ETH\/\" target=\"_blank\">STONK\/ETH<\/a> order book, and place your trade order to <strong>sell<\/strong>. Read the <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325637-5-Buy-or-sell-cryptocurrencies-\" target=\"_blank\">instruction<\/a> if you don\u2019t know how to place a trade order.<\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360004531817-How-to-withdraw-cryptocurrencies-from-your-Tokpie-account-\" target=\"_blank\">Withdraw ETH<\/a> to your personal Ethereum wallet or hold them on the account.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">How to deposit STONK tokens?<\/h2>\n\n\n\n<p>To deposit StonkSwap tokens on your Tokpie account, follow this&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325617-4-Fund-your-account\" target=\"_blank\">guide<\/a>.   Also, make sure that you are going to deposit tokens that relate to <a rel=\"noreferrer noopener\" aria-label=\"this (opens in a new tab)\" href=\"https:\/\/etherscan.io\/token\/0x35b55c25731E9b05B1d8480ba39463d52C9D0211\" target=\"_blank\">this<\/a> smart contract address.  If you deposit the wrong tokens, Tokpie could not identify your transfer.<\/p>\n\n\n\n<p><strong>Note:<\/strong>&nbsp;Tokpie doesn\u2019t charge any fees for depositing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to withdraw STONK tokens?<\/h2>\n\n\n\n<p>To withdraw StonkSwap tokens from your Tokpie account, use this&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360004531817-How-to-withdraw-cryptocurrencies-from-your-Tokpie-account-\" target=\"_blank\">instruction<\/a>. Besides, you must have an eth compatible wallet address to be able to withdraw tokens. Also, <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/fees\" target=\"_blank\">check the withdrawal commission<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Disclaimer<\/h2>\n\n\n\n<p>In addition, please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance or successful fundraising. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Useful links to trade Stonk<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>The StonkSwap protocol&#8217;s web is not working anymore.<\/li><li>Market to trade StonkSwap tokens: <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.com\/view_exchange\/STONK-ETH\/\" target=\"_blank\">STONK\/ETH<\/a><\/li><li>Also, check <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/#home__markets\" target=\"_blank\">trade statistics on Tokpie<\/a>.<\/li><li>Tokpie\u2019s <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/fees\" target=\"_blank\">trade fees and withdrawal commissions<\/a>.<\/li><\/ul>\n\n\n\n<p>For any questions or cooperation, you can contact Tokpie at&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/t.me\/tokpie\">https:\/\/t.me\/tokpie<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Find the description of the StonkSwap protocol and learn how to trade its token on Tokpie Exchange.<\/p>\n","protected":false},"author":2,"featured_media":5358,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,429],"tags":[12,1010,1011,1012,1013],"class_list":["post-4686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-new-listings","tag-token","tag-stonk","tag-stonkswap-dex-protocol","tag-stonkswap","tag-wrapped-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wrapped Stocks on Ethereum: Meet StonkSwap and STONK Token<\/title>\n<meta name=\"description\" content=\"Learn more about the StonkSwap DEX protocol. 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Deposit and withdraw STONK token.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokpie Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tokpie.io\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-14T12:00:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-19T18:53:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2021\/04\/Stonk_token_trade_tokpie_exchange.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"536\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"tokpie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TokpieE\" \/>\n<meta name=\"twitter:site\" content=\"@TokpieE\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"tokpie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/\"},\"author\":{\"name\":\"tokpie\",\"@id\":\"https:\/\/tokpie.io\/blog\/#\/schema\/person\/825d691ed21f457c2fe53e4e39fa0ed1\"},\"headline\":\"Wrapped Stocks on Ethereum: Meet StonkSwap and STONK Token\",\"datePublished\":\"2021-04-14T12:00:41+00:00\",\"dateModified\":\"2024-10-19T18:53:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/\"},\"wordCount\":577,\"publisher\":{\"@id\":\"https:\/\/tokpie.io\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2021\/04\/Stonk_token_trade_tokpie_exchange.png\",\"keywords\":[\"token\",\"STONK\",\"StonkSwap DEX protocol\",\"StonkSwap\",\"Wrapped Stocks\"],\"articleSection\":[\"Announcements\",\"New Listings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/\",\"url\":\"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/\",\"name\":\"Wrapped Stocks on Ethereum: Meet StonkSwap and STONK Token\",\"isPartOf\":{\"@id\":\"https:\/\/tokpie.io\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tokpie.io\/blog\/stonkswap-stonk-token\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2021\/04\/Stonk_token_trade_tokpie_exchange.png\",\"datePublished\":\"2021-04-14T12:00:41+00:00\",\"dateModified\":\"2024-10-19T18:53:02+00:00\",\"description\":\"Learn more about the StonkSwap DEX protocol. 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