[ANN] 🚀 TOKPIE 🚀 P2P Cryptocurrency-Fiat and Swap Exchange. Low fees

[Kramblerty]

This looks really nice and the zero-fees sound terrific! I'm going to keep an eye on you guys.

It almost sounds too good to be true, therefore I wonder how you generate profit with zero-fees, beside the token sale off course?

This is not a secret. Look at FB, for example, 90% of its users use facebook for free and company generates profits anyway.


The size of the TOKPIE tokenomics or you can call it "GDP of the platform" (the amount of all revenue nominated, e.g., in USD) is one of the two keys factors, which determines the price of the token. Another primary factor is velocity and inflation (zero inflation for TOKPIE tokens because its number is limited).

So, the GDP of the TOKPIE platform will be consisting of the following revenue sources:
1. Subscription fees.
2. Add-ons sales
3. Interest earnings on P2P loans and leverage provisioning.

Please check out whitepaper Financial section on 38 page to learn our tokenomics in more details: https://tokpie.io/assets/downloads/tokpie_whitepaper.pdf

P2P lending and debt issuance will be available immediately to all users after passing the KYC or will it be necessary to score some rating for the beginning?

After verification, a user, willing to get a p2p loan, shall only deposit crypto-assets, which will be held by TOKPIE as collateral.

For example, if you wish to get a loan on USD 1000, you will have to deposit 5 ETH on hold. (50% coverage if ETH price is 400 US dollars). 


The rate of interest fee will be depending on your rating score and mostly on the coverage amount (which will vary from 40% to 70%)

The interest fee will be payable on TOKPIE's tokens. So, you will be required to have some of them on your balance. 

[canaveralnonie]

This looks really nice and the zero-fees sound terrific! I'm going to keep an eye on you guys.

It almost sounds too good to be true, therefore I wonder how you generate profit with zero-fees, beside the token sale off course?

This is not a secret. Look at FB, for example, 90% of its users use facebook for free and company generates profits anyway.


The size of the TOKPIE tokenomics or you can call it "GDP of the platform" (the amount of all revenue nominated, e.g., in USD) is one of the two keys factors, which determines the price of the token. Another primary factor is velocity and inflation (zero inflation for TOKPIE tokens because its number is limited).

So, the GDP of the TOKPIE platform will be consisting of the following revenue sources:
1. Subscription fees.
2. Add-ons sales
3. Interest earnings on P2P loans and leverage provisioning.

Please check out whitepaper Financial section on 38 page to learn our tokenomics in more details: https://tokpie.io/assets/downloads/tokpie_whitepaper.pdf

P2P lending and debt issuance will be available immediately to all users after passing the KYC or will it be necessary to score some rating for the beginning?

After verification, a user, willing to get a p2p loan, shall only deposit crypto-assets, which will be held by TOKPIE as collateral.

For example, if you wish to get a loan on USD 1000, you will have to deposit 5 ETH on hold. (50% coverage if ETH price is 400 US dollars). 


The rate of interest fee will be depending on your rating score and mostly on the coverage amount (which will vary from 40% to 70%)

The interest fee will be payable on TOKPIE's tokens. So, you will be required to have some of them on your balance. 

So it means that you can't get all your loan? Correct me if I'm wrong? Well, that is too tricky but if that is discuss in the early time before loaning, there will be NO issue about that. It's good to be transparent at first before trying the service.

[Kramblerty]

This looks really nice and the zero-fees sound terrific! I'm going to keep an eye on you guys.

It almost sounds too good to be true, therefore I wonder how you generate profit with zero-fees, beside the token sale off course?

This is not a secret. Look at FB, for example, 90% of its users use facebook for free and company generates profits anyway.


The size of the TOKPIE tokenomics or you can call it "GDP of the platform" (the amount of all revenue nominated, e.g., in USD) is one of the two keys factors, which determines the price of the token. Another primary factor is velocity and inflation (zero inflation for TOKPIE tokens because its number is limited).

So, the GDP of the TOKPIE platform will be consisting of the following revenue sources:
1. Subscription fees.
2. Add-ons sales
3. Interest earnings on P2P loans and leverage provisioning.

Please check out whitepaper Financial section on 38 page to learn our tokenomics in more details: https://tokpie.io/assets/downloads/tokpie_whitepaper.pdf

P2P lending and debt issuance will be available immediately to all users after passing the KYC or will it be necessary to score some rating for the beginning?

After verification, a user, willing to get a p2p loan, shall only deposit crypto-assets, which will be held by TOKPIE as collateral.

For example, if you wish to get a loan on USD 1000, you will have to deposit 5 ETH on hold. (50% coverage if ETH price is 400 US dollars). 


The rate of interest fee will be depending on your rating score and mostly on the coverage amount (which will vary from 40% to 70%)

The interest fee will be payable on TOKPIE's tokens. So, you will be required to have some of them on your balance. 

So it means that you can't get all your loan? Correct me if I'm wrong? Well, that is too tricky but if that is discuss in the early time before loaning, there will be NO issue about that. It's good to be transparent at first before trying the service.

If you mean by saying "get all your loan" that you can take the loan with 0% coverage then yes, it's impossible.

This feature was designed by the TOKPIE especially for the people, which don't want to sell their crypto assets (BTC, ETH, etc) but need fiat 'cash' right now.

When the uptrend in Crypto revives, it will be a highly appreciated feature!

 Imagine the year 2016, and you have 100 BTC. Then you sell 50 BTC to raise money for smth. (car, trip, medical). But what if you could get cash via our p2p crypto loan service by simply holding 100 BTC as a collateral on TOKPIE platform. Then you could easily cover the whole loan with the profit from the BTC price growth =)

[Jekbolt]

Hey! The question about your cabinet: What does STK means?

Stakes are what you are getting for bounty tasks performed: check our bounty campaign: https://bitcointalk.org/index.php?topic=3255608.msg33909319#msg33909319

After tokens sale is over each stakes holder will get TOKPIE tokens depending on the number of stakes earned.

Don't forget to increase your token amount by adding referrals in the cabinet https://tokpie.io/cabinet/referrals.
Get a 5% bonus for their earnings in the bounty campaign! Additionally, earn 1% of your friends’ pre-sale and final sale token purchases!

Thanks! i have some more questions to devs.
1) i had shared my ref. link and attract 3 persons but my REFERRAL EARNINGS FROM BOUNTY HUNTERS is 0 zero, why?
2) REFERRAL EARNINGS FROM CONTRIBUTORS. is it 1% from all tokens being bought by my friends?

[Pay4youractivity]

Very attractive list of properties of the platform. The team plans to make it really multifunctional. Tell me, how will the honesty of the transaction be assumed in the P2P regime? Will the platform participants have a rating?

Yes, ever users will have the rating score.
A user will be caring for its reputation because a high rating score gives access to other features like p2p loans, leverages, etc. 

Also, the honesty of the transactions will be supported by:

- verification process for all users.
A cheater could not make his scam action twice.

- Risk coverage.
We cover the risk of deal's non-fulfillment (when you send money but don't receive a crypto-asset from a counterparty), so a buyer will not suffer in any way from 'scam' actions. And visa-verse.

How will the losses be covered in this case? Who will pay for it? Or is it implied that the platform acts as a guarantor and the transfer of the asset occurs only after full payment?

[Kramblerty]

Hey! The question about your cabinet: What does STK means?

Stakes are what you are getting for bounty tasks performed: check our bounty campaign: https://bitcointalk.org/index.php?topic=3255608.msg33909319#msg33909319

After tokens sale is over each stakes holder will get TOKPIE tokens depending on the number of stakes earned.

Don't forget to increase your token amount by adding referrals in the cabinet https://tokpie.io/cabinet/referrals.
Get a 5% bonus for their earnings in the bounty campaign! Additionally, earn 1% of your friends’ pre-sale and final sale token purchases!

Thanks! i have some more questions to devs.
1) i had shared my ref. link and attract 3 persons but my REFERRAL EARNINGS FROM BOUNTY HUNTERS is 0 zero, why?
2) REFERRAL EARNINGS FROM CONTRIBUTORS. is it 1% from all tokens being bought by my friends?

The smartest way to get more TOKPIE tokens, keep going to share!

1) There is 0 amount of STK (stakes) in the cabinet now, because the first rewards will be counted only on April 11 (7 days from the bounty starts);
So just wait till that day. If all your friends (people attracted by your referral link) will earn, e.g., 100 stakes for the first week, then you will see 5% = 5 STK balance in the TOKPIE cabinet. Then, after +7days period their earnings will be updated and so on until July 05, 2018 (token sale over).
After July 05, all stakes will be converted to the TOKPIE tokens, and you could press [withdraw] in the cabinet to collect them to your wallet.  

2) Yes, correct. When the token sale starts, and if your friends buy some tokens you will get 1% from it.  You will see the exact amount in a live mode. We will be collecting the number of contributions via API.  

[Kramblerty]

Very attractive list of properties of the platform. The team plans to make it really multifunctional. Tell me, how will the honesty of the transaction be assumed in the P2P regime? Will the platform participants have a rating?

Yes, ever users will have the rating score.
A user will be caring for its reputation because a high rating score gives access to other features like p2p loans, leverages, etc. 

Also, the honesty of the transactions will be supported by:

- verification process for all users.
A cheater could not make his scam action twice.

- Risk coverage.
We cover the risk of deal's non-fulfillment (when you send money but don't receive a crypto-asset from a counterparty), so a buyer will not suffer in any way from 'scam' actions. And visa-verse.

How will the losses be covered in this case? Who will pay for it? Or is it implied that the platform acts as a guarantor and the transfer of the asset occurs only after full payment?

Correct! TOKPIE acts as a guarantor and the transfer of the asset occurs only after full payment.

[Holopopstyir]

GREAT NEWS!

The BOUNTY campaign has just been started! https://bitcointalk.org/index.php?topic=3255608.msg33909319#msg33909319

WOW!
Project conducting signature campaign for real money https://bitcointalk.org/index.php?topic=3255596.
Nice!

It is a pity that participation is open to users from the rank of Full Member, I would like to participate even just for the project tokens.

As I see the team approaches this issue flexibly and you can write a bounty manager directly. Perhaps you will be offered an option that will be beneficial to everyone.

[Kramblerty]

GREAT NEWS!

The BOUNTY campaign has just been started! https://bitcointalk.org/index.php?topic=3255608.msg33909319#msg33909319

WOW!
Project conducting signature campaign for real money https://bitcointalk.org/index.php?topic=3255596.
Nice!

It is a pity that participation is open to users from the rank of Full Member, I would like to participate even just for the project tokens.

As I see the team approaches this issue flexibly and you can write a bounty manager directly. Perhaps you will be offered an option that will be beneficial to everyone.

Yes, you are right!

[Whitethoughts]

Dear crypto experts, we are happy to announce that we will launch PRE TOKEN SALE campaign on May 01.
We are ready to answer your questions regarding of our progect!

Was there a private stage of selling tokens? If so, what were its conditions? Particularly interesting is the size of the bonus for investors at this stage, since the subsequent price of the token depends very much on this.

Only 2% of total tokens issued will be allocated to investors (it's stated on the website and can be easily checked in our smart contract code on GitHub).
 
The bonus that investors had gotten varied depending on the period in the past. The earliest investors got 39% bonus. But you should understand that they made their investments in the 2Q of 2017, so this is a fair bonus for such long investment period.


P.S.

Sign up https://tokpie.io/signup
to receive 5% bonus in addition to all tokens earned for completing bounty assignments, plus a 1% bonus on all token purchases!

Moreover, Increase your token amount by adding referrals.
Get a 5% bonus for their earnings in the bounty campaign! Additionally earn 1% of your friends’ pre-sale and final sale token purchases!

Thanks for the detailed answer. I am pleased with the transparency of the entire collection scheme (the fact that everything can be verified through a smart contract code).
To be honest, I'm surprised that early investors got such a small bonus, but in any case this is a big advantage for all subsequent investors since they can not be afraid for their investments.

[Kramblerty]

Dear crypto experts, we are happy to announce that we will launch PRE TOKEN SALE campaign on May 01.
We are ready to answer your questions regarding of our progect!

Was there a private stage of selling tokens? If so, what were its conditions? Particularly interesting is the size of the bonus for investors at this stage, since the subsequent price of the token depends very much on this.

Only 2% of total tokens issued will be allocated to investors (it's stated on the website and can be easily checked in our smart contract code on GitHub).
 
The bonus that investors had gotten varied depending on the period in the past. The earliest investors got 39% bonus. But you should understand that they made their investments in the 2Q of 2017, so this is a fair bonus for such long investment period.


P.S.

Sign up https://tokpie.io/signup
to receive 5% bonus in addition to all tokens earned for completing bounty assignments, plus a 1% bonus on all token purchases!

Moreover, Increase your token amount by adding referrals.
Get a 5% bonus for their earnings in the bounty campaign! Additionally earn 1% of your friends’ pre-sale and final sale token purchases!

Thanks for the detailed answer. I am pleased with the transparency of the entire collection scheme (the fact that everything can be verified through a smart contract code).
To be honest, I'm surprised that early investors got such a small bonus, but in any case this is a big advantage for all subsequent investors since they can not be afraid for their investments.

The percent is not so big, because 'angel' investors agreed to decrease the starting price of the token on pre-sale. The reason - current downtrend conditions in crypto. Preliminary TKP token price was higher.

[Kramblerty]

Due to what will the platform exist if the commissions are zero?
I really liked the general concept, now I would like to deal with the economy.

Due to our forecast, only 10% of users will be a high-volume trader (>USD 100k trade volume) who will be charged just with 10US dollars equivalent fixed subscription fee per month (nominated in our tokens of course).
ALL the rest 90% of ordinary users will be trading free of charge. This is not a unique model for a highly successful business. Look at Dropbox, for example. You will not pay anything until your volume of storage is high.
 
Kindly look at 38 page on our Whitepaper: https://tokpie.io/assets/downloads/tokpie_whitepaper.pdf
to learn more about TOKPIE' tokenomics GDP.

Indeed, this is a reasonable strategy - first to maximize your audience, and then earn it. Thanks for the clarification (page number in white paper), I will definitely review this part and if any questions arise I will ask them here.

That's right! The strategy is to make a point of attraction for smart traders. This, in turn, increases the liquidity. The liquidity is the honeypot that will attract even more users! 

[Kramblerty]

Due to what will the platform exist if the commissions are zero?
I really liked the general concept, now I would like to deal with the economy.

Due to our forecast, only 10% of users will be a high-volume trader (>USD 100k trade volume) who will be charged just with 10US dollars equivalent fixed subscription fee per month (nominated in our tokens of course).
ALL the rest 90% of ordinary users will be trading free of charge. This is not a unique model for a highly successful business. Look at Dropbox, for example. You will not pay anything until your volume of storage is high.
 
Kindly look at 38 page on our Whitepaper: https://tokpie.io/assets/downloads/tokpie_whitepaper.pdf
to learn more about TOKPIE' tokenomics GDP.

Indeed, this is a reasonable strategy - first to maximize your audience, and then earn it. Thanks for the clarification (page number in white paper), I will definitely review this part and if any questions arise I will ask them here.

That's right! The strategy is to make a point of attraction for smart traders. This, in turn, increases the liquidity. The liquidity is the honeypot that will attract even more users! 

I hope after you reach the targeted indicators you will not change your policy in the direction of worsening for ordinary users?   
Some businesses are built for this model - first free of charge, and then ..
You have a very attractive concept and I would like it to remain so after implementation.

We are not going to change it. Why change smth that is working well.

Besides, the increasing competitiveness in the market just will not allow as to imply high fees. So, be confident.

[Na xter]

That's a newmine with the market today today, hope will be well done

[Kramblerty]

That's a newmine with the market today today, hope will be well done

Fortunately, TOKPIE's business model will not be depend on market conditions: downtrends/uptrends.

[CaVO32]

checking how the alpha prototype might look like come this May. are you gonna develop the beta even if you haven't hit the ICO target?

Definitely YES! We will finish it anyway because to many resources had been already invested in it.

Moreover, as you can see from our token allocation condition, our faith in the platform's success is supported by TWO-year tokens locking for the team and 4-years tokens locking for the company growth reserve!

that's great to hear. now, that's real development. not depending on the money collected from people. let's see how your exchange will perform and attract traders as well as regular crypto users like me.

[BaalMcKloud]

To use the services of the platform, should I undergo a KYC procedure?

Yes, we will apply KYC and AML procedures because of:

1. Long-term standing.
We want TOKPIE to become the leading P2P cryptocurrency exchange. To achieve real business success, Tokpie needs to demonstrate that it is aiming for more than short-term financial gains, what is most important to us is providing the best possible service for our users.


2. Reputation and public perception
By implementing KYC and AML regulations from the initial token sale, Tokpie will ensure that the platform is protected from potential fraud.

3. Ability to reach a larger audience.
Having KYC and AML safeguards in place will allow Tokpie to attract a much larger audience and expand its reach into countries which operate more stringent financial regulatory requirements.

4. Avoid Compliance Complications
By being transparent with financial regulators from the start, we can avoid complications which could arise

5. Keeping track after the token sale
Incorporating KYC and AML checks into the token sale process can help the platform keep track of investors (not allow restricted countries' participation)

6. Avoid fines.
Governments have begun to clamp down on unregulated exchanges, charging substantial fines for those platforms which have failed to show that they have the necessary statutory procedures in place. In 2017 it was predicted that fines of over $4billion would be issued globally for non-compliance with AML.

Rational grounding, I'm not a supporter of KYC, but I see that your platform requires it reasonably. I am pleased with your legal service - you foresaw most problems in advance.

[Kramblerty]

checking how the alpha prototype might look like come this May. are you gonna develop the beta even if you haven't hit the ICO target?

Definitely YES! We will finish it anyway because to many resources had been already invested in it.

Moreover, as you can see from our token allocation condition, our faith in the platform's success is supported by TWO-year tokens locking for the team and 4-years tokens locking for the company growth reserve!

that's great to hear. now, that's real development. not depending on the money collected from people. let's see how your exchange will perform and attract traders as well as regular crypto users like me.

Yeep. The token sale is needed to speed up the development of all additional features, boost the awareness (=liquidity) in XX times and cover all counties by getting the required licenses.    

[NewDeal]

Kramblerty
How many community managers does your project have?
I see that you are working around the clock 

[Kramblerty]

To use the services of the platform, should I undergo a KYC procedure?

Yes, we will apply KYC and AML procedures because of:

1. Long-term standing.
We want TOKPIE to become the leading P2P cryptocurrency exchange. To achieve real business success, Tokpie needs to demonstrate that it is aiming for more than short-term financial gains, what is most important to us is providing the best possible service for our users.


2. Reputation and public perception
By implementing KYC and AML regulations from the initial token sale, Tokpie will ensure that the platform is protected from potential fraud.

3. Ability to reach a larger audience.
Having KYC and AML safeguards in place will allow Tokpie to attract a much larger audience and expand its reach into countries which operate more stringent financial regulatory requirements.

4. Avoid Compliance Complications
By being transparent with financial regulators from the start, we can avoid complications which could arise

5. Keeping track after the token sale
Incorporating KYC and AML checks into the token sale process can help the platform keep track of investors (not allow restricted countries' participation)

6. Avoid fines.
Governments have begun to clamp down on unregulated exchanges, charging substantial fines for those platforms which have failed to show that they have the necessary statutory procedures in place. In 2017 it was predicted that fines of over $4billion would be issued globally for non-compliance with AML.

Rational grounding, I'm not a supporter of KYC, but I see that your platform requires it reasonably. I am pleased with your legal service - you foresaw most problems in advance.

The true is that by applying KYC/AML we are also resolving THREE main problems simultaneously:
- minimize scam orders in the exchange
- make the platform compliable with gov authorities regulations
- make our token attractive for other notable crypto exchnages (that is important for future listings).