{"id":8248,"date":"2022-01-27T11:53:15","date_gmt":"2022-01-27T11:53:15","guid":{"rendered":"https:\/\/tokpie.io\/blog\/?p=8248"},"modified":"2024-02-25T14:21:59","modified_gmt":"2024-02-25T14:21:59","slug":"shaktiio","status":"publish","type":"post","link":"https:\/\/tokpie.io\/blog\/shaktiio\/","title":{"rendered":"What&#8217;s the Shaktiio: SKTO Token"},"content":{"rendered":"\n<p>For most people, Decentralized Finances (DeFi) means the ability to stake cryptocurrencies and earn passive income. However, there is another helpful feature. Anyone can get a loan avoiding bank services. For example, the Shaktiio token and its protocol provide users with crypto-backed loans. Proceed with reading and get more information about this startup from India that created the SKTO token. Also, you&#8217;ll get details on how to trade SKTO tokens on the Tokpie exchange. <\/p>\n\n\n\n<p class=\"has-background has-pale-pink-background-color\"><strong>Update<\/strong>: Project\u2019s website is not working.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is the Shaktiio?<\/h2>\n\n\n\n<p>The Shaktiio is a crypto project that offers an anti-liquidation protocol for crypto-backed loans. Moreover, any centralized finance (CeFi) platform can use it to create liquidation protection. Because of enormous price volatility on crypto markets, borrowers regularly suffer from auto-liquidations when their collateral value drops. Therefore, Shaktiio&#8217;s solution guarantees that cryptocurrencies that are collateral for loans will not be sold and forcibly liquidated. In times of the cryptocurrency market&#8217;s fall, the amount of collateral becomes lower than the established limits or the amount of debt.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What&#8217;s the SKTO token?<\/h2>\n\n\n\n<p>SKTO is an ERC20 token supporting the growth of the Shaktiio ecosystem. Also, the currency allows the team to continue developing and distributing its products. Besides, the $SKTO helps developers popularize the solution worldwide to reach broad scaling of Shaktiio&#8217;s services. <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Token Name: Shaktiio<\/li><li>Symbol: SKTO<\/li><li>Website doesn\u2019t work.<\/li><li>Token total supply: 569,999,999.<\/li><li>Smart contract address: <a rel=\"noreferrer noopener\" aria-label=\"0xcdf1a51260861804ffe06e96becd8bcd4d018976 (opens in a new tab)\" href=\"https:\/\/etherscan.io\/token\/0xcdf1a51260861804ffe06e96becd8bcd4d018976\" target=\"_blank\">0xcdf1a51260861804ffe06e96becd8bcd4d018976<\/a>.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"202\" src=\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2022\/01\/Shaktiio_allocation.png\" alt=\"initial allocation of Shaktiio Tokens\" class=\"wp-image-8254\"\/><figcaption>SKTO&#8217;s allocation.<\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">How to buy SKTO tokens?<\/h2>\n\n\n\n<p>To purchase SKTO 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=ETH\" 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\/SKTO-ETH\/\" target=\"_blank\">SKTO\/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\/shaktiio\/#How_to_withdraw_SKTO_token\">Withdraw SKTO<\/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 SKTO tokens?<\/h2>\n\n\n\n<p>To sell SKTO 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\/shaktiio\/#How_to_deposit_SKTO_token\">Deposit SKTO<\/a> tokens into your account.<\/li><li>Open the <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.com\/view_exchange\/SKTO-ETH\/\" target=\"_blank\">SKTO\/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 SKTO token?<\/h2>\n\n\n\n<p>To deposit an SKTO token into 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 <strong>ERC20<\/strong> tokens that relate to <a rel=\"noreferrer noopener\" aria-label=\"this (opens in a new tab)\" href=\"https:\/\/etherscan.io\/token\/0xcdf1a51260861804ffe06e96becd8bcd4d018976\" target=\"_blank\">this<\/a> smart contract address.  If you deposit the wrong tokens or the wrong blockchain type, 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 SKTO token?<\/h2>\n\n\n\n<p>To withdraw the SKTO token 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. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Useful links to trade SKTO tokens<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Market to trade Shaktiio tokens: <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.com\/view_exchange\/SKTO-ETH\/\" target=\"_blank\">SKTO\/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>Meet the anti-liquidation protocol for crypto-backed loans. In addition, discover how to trade $SKTO on Tokpie.<\/p>\n","protected":false},"author":2,"featured_media":8256,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,429],"tags":[12,427,1552,1553],"class_list":["post-8248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-new-listings","tag-token","tag-erc20","tag-shaktiio","tag-skto"],"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>What&#039;s the Shaktiio: SKTO Token - New Listings ERC20<\/title>\n<meta name=\"description\" content=\"Find a description of the Shaktiio project for crypto loans. Learn about the SKTO token. 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