Is it normal that the collaterized tkp will be lesser in value than the potential reward of the bounty stake you'll get?
Yes but do not do it. If you do it and later figure out it is a mistake you cannot undo it and they will take all your funds to pay back the collateral and basically zero your account. Read the telegram people have had this happen to them. DO NOT BUY COLLATERAL!!! they will go onto your account and sell your eth and tkp to pay it back at the highest price. Very scammy. Plus they support scam projects like fred energy.
They have also been blocking and deleting messages from anyone who takes them up on it.
WARNING DO NOT BUY COLLATERAL FROM TOKPIE!!!! If you see it cheap especially do not buy. They will empty your account as they have done to a few bounty hunters here.
TOKPIE ALSO OPENLY SUPPORT THE SCAM FRED TOKEN!!!
DO NOT TRUST TOKPIE!!!!
Great thanks that you have self-dtected yourself here. It's very useful case for the rest.
Kindly read the short case description and long one (if want).
Short case description.1. Please check the rules thoroughly (screen below):
https://tokpie.io/blog/asset-collateralization-rules/"If the value of unsettled bounty stakes, which were already sold, exceeds 100000 TKP, Tokpie has the power to unilaterally settle user’s obligations."
2. The value of unsettled bounty stakes (just only for EFT bounty) which you have sold out = 426 132 TKP!
3. After unilateral settlement the value of unsettled bounty stakes, which you already sold = 113600 TKP.
Long description The rule about unilaterally settlement helps the system to avoid the risks of your (seller of unsettled stakes) failure.
Simply saying Tokpie protects its users from a "sell and run" cheating scheme that took place in that case.
The total amount of EFT bounty stakes that you would have to provide to cover your unsettled obligation was 666 353 EFT. That is around $18,324.
At the same time you and another you account (yes we know it too) instead of buying back and settle your huge obligations, were withdrawing money. That's not a problem. BUT, all this before 4 days until trading stop. Because
it's obvious that instead of paying $18k it's better to lose collateral worth of $100. When critical level (your obligation - assets on your balance > 100k) was reached we had to apply the rule.
- notification email with warning was sent
- Regarding FRED bounty: (1) we are not FRED bounty managers - (2) Contract with FRED was signed long before any trust ratings (3) The most important: the service we provided by listing FRED bounty stakes was to help hunters in selling their stakes before distribution - we had not promoted FRED bounty. Stakes buyers will get FREED tokens and could sell them on Stellar port:
https://stellarport.io/exchange/alphanum4/FRED/GCA73U2PZFWAXJSNVMEVPNPPJCZGETWPWZC6E4DJAIWP3ZW3BAGYZLV6/native/XLM/Stellar. Might be you could not get something from Fred energy because was caught with multiple accounts. Pls don't try to blame Tokpie in all your failures.
Besides, why don't you tell that by depositing 1.5 eth on Tokpie you have successfully withdrawn 2.5 ETH.
PLEASE DO NOT TRY TO BLAME TOKPIE THAT YOUR cheating scheme was stopped on a moment when you didn't expect it. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2Fypxdgcw%2Frisks.png&t=663&c=4kM2fJyydPnNYg)