Announcing TPU - @tipU Tokens : Sharing Profit Tokens Backed By STEEM POWER

in steemit •  6 months ago 

Hi guys, I hope you're all doing well today. After some final testing done, it's time to present - TPU - tokens backed by @tipU STEEM POWER that rewards its' holders with share in the service profits.



Summary

If you don't have time to read the whole post:

  • TPU tokens were created using steem-engine.com platform
  • every holder of the token has share in @tipU profits with daily payouts
  • each token is backed by @tipU STEEM POWER

Steem-Engine

The newly released steem-engine platform allows anyone to create a token within STEEM ecosystem. It provides tools to monitor the token transfers, users' balances and a market, where all trading can be done. It also supports smart contracts so the possibilities are pretty much limitless. There's still a lot of work to be done to decentralize the platform but surely those guys know what they're doing. Good stuff and I truly believe that the recent STEEM price uptrend is at least partially caused by those new possibilities.

TPU - Where Does The Value Come From

@tipU, apart from many other things, is a voting service that generates profit for its STEEM POWER delegators - just like in case of most voting bots. Bedsides the delegations, @tipU currently has 22,535 own STEEM POWER. Around 7,000 of it is already used to generate profit for users who use auto-reinvest functionality.

This leaves us with around 15,000 STEEM POWER that can generate additional profit for new and current investors so TPUs - the tokens - can be used to do it :)

Each token is currently backed by 1 STEEM POWER so if you own 1 TPU, you will receive the same profit as from 1 STEEM POWER delegated.

The 1:1 ratio will be increased over time and each token will be backed by increasing amount of STEEM POWER. Currently the increase rate is 0.1% per day but it's important to note that this process can be stopped at some point if @tipU runs out of SP pool dedicated to the increase. For now additional 1,400 SP is already reserved so for at least next 100 days we're good to go :)

As for the supply - currently there's 14,000 tokens in circulation but over time, as @tipU STEEM POWER pool reserved for tokens grow, I should be able to print more TPUs. The main rule is that after the creation, all tokens must be backed by no less SP than before the issuing.

Profitability

The APR coming from STEEM POWER delegations to @tipU is steady at around 17% - this can be validated on https://www.steemprofit.info.

In other words 1 SP delegated generates daily around 0.0005 liquid STEEM in profit, 1000 SP delegated gives 0.5 STEEM an so on.

In the same way holding 1 TPU will give 0.0005 STEEM profit daily, holding 1000 TPUs earns you 0.5 STEEM in daily payout and so on.

It's worth to mention that you only need to hold the token to receive the payouts, no other actions are required.

Use Case

All right, but why hold the tokens instead of just powering up some STEEM and making a delegation if you want to get that sweet passive income?

Well, the main difference is that if you want to sell the STEEM locked by powering up, you need to power down - and this takes 3 months.

The tokens on the other hand can be traded instantly on the steem-engine market. This is where I see the main value of the TPU tokens - hold to receive share in the profits, sell whenever you want.

TPUs can also be handy if you already made the delegation, you don't want to power up but you want to increase your share in the profits.

The build-in mechanism of increasing the amount of STEEM POWER that backs each TPU can potentially make the token a good storage of value. Yet, at this moment it's hard to predict how the price will shape up after the official launch.

Other Use Cases

There are also other ways to keep the token desirable and ensure it's value over long time. For example users could pay for upvotes with the tokens. Doing so would burn them and by this lower the total token supply. This would make each token backed by more STEEM POWER.

I'm also planning to add option to send tokens as tips to other users - that's a nice way to support creators!

These are just quick ideas but certainly there's a lot of possibilities here. Over time I should work out the best ways to utilize the tokens so just a little more value can be added to them on top of current application :)

Risk

Of course every investment comes with a risk. In my opinion the main risk comes from changes in steem ecosystem that would make the voting services obsolete. Of course this change would affect also every bid bot, but in case of STEEM POWER delegation you can just undelegate and get your SP back. TPUs on the other hand, without their main feature of generating profit, would be pretty much worthless. Yet, I believe there's always a way to build something new and keep the train going :)

Airdrop

To kick things out I'm planning to give away the tokens to current @tipU delegators. Because of the limited supply, each 1 SP delegated will be reward with 0.001 Token - so 500 SP will be rewarded with 0.5 Token, 2000 SP will give 2 Tokens and so on. The airdrop will be held trough the weekend :)

How To Buy The Tokens

Currently there are 2 ways to buy TPUs:

  • on steem-engine market
  • by sending at least 0.1 SBD/STEEM to @tipU with memo: buy tokens. The price now is at 1 STEEM per 1 TPU

How To Sell The Tokens

The tokens can be sold on the steem-engine market

Validating The Transactions

You can validate your TPUs balance on steem-engine wallet webpage.

Additionally I highly encourage users to check out the newly created @tipU website: https://tipu.online. It's still in early stage but it already displays all the data regarding your investment (login trough steemconnect, minimum permissions needed).


OK, hope this post answers most of the questions regarding @tipU tokens. In the following days I'm gonna be making some more posts about how this all works :) If you have any questions - please feel free to ask in the comments! Or visit me at @tipU discord: https://discord.gg/NDh35gx
Cheers!
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Damn, I missed the airdrop and sadly there are no tokens to buy atm.

Will there be more available in the future or is already another airdrop planned?

$rewarding 20%

The reward of this comment goes 100 % to the author tipu. This is done by setting the beneficiaries of this comment to 100 %.

You can buy tokens on the engine market :) More tokens will be made with time, you will be able to check it on tipu.online

Ok, then I will have to wait because the market is empty ^^

Awesome. I’ll send some steem now!

Posted using Partiko iOS

Got confirmation and I now have 100 tokens.

Posted using Partiko iOS

Sweet :) @tipu send 5 tokens

Success! 5.0 @tipU tokens worth of 5.0 STEEM POWER have just been sent to @dkid14.
@dkid14 - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.

  ·  6 months ago (edited)

yooo.. i just send 1.3 steem for upvote my post but your bot didnt fulfill my request.. am i doing something wrong or something did i miss??

  ·  6 months ago (edited)

update: it's already been voted.. i apologize..

This is awesome! A great way to involve token economics to a voting service… Loading up now! It is everything I was hoping this announcement would be

Cool, thank you :)

Looks like the bot is down?

*paused :)

Trying to get more SP so I can delegate to tipu
Just trying out your new website, when I logged in, then I click on Deposit or some other buttons, it will log me out. Is that the issue only from my end?

Yeah, making deposits does not work yet.
@tipu send 5 tokens

Success! 5.0 @tipU tokens worth of 5.0 STEEM POWER have just been sent to @davidchen.
@davidchen - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.

  ·  6 months ago Reveal Comment

Thanks

Thanks for helping out :) @tipu send 5 tokens

Success! 5.0 @tipU tokens worth of 5.0 STEEM POWER have just been sent to @gerber.
@gerber - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.

Thanks @tipu for the airdrop +

I have a question.

I stopped using the auto-reinvest function as it would take 3 months to recover the liquid steem. Is there anyway that proceeds from auto-reinvest can be paid in TPU?

Just a heads up - the auto reinvested part can be refunded at any moment instantly ;) just send memo: refund

And yes, auto reinvest in tokens is in works but because of their limited number it might be not available all the time.

Thanks for the heads up!

Hopefully the limited amount of TPU won't be an issue for too long ! ;)

This sounds great! I will buy some tokens for sure. So we automatically have a steem-engine wallet that the air drop will go into? Sorry I have never used that site before please let me know 😊

Your balance is below $0.3. Your account is running low and should be replenished. You have roughly 10 more @dustsweeper votes. Check out the Dustsweeper FAQ here: https://steemit.com/dustsweeper/@dustsweeper/dustsweeper-faq

Nice, keep up the good work!

Posted using Partiko Android

  ·  6 months ago (edited)

I am a Delegator to your excellent service, thanks for your good job.
I will buy some tokens either!
Fullupvote and re-steem.
Best regards!

Cool, thank you!

Ok, thats should be better investment then Drugwars ;) lets the steem flow ;>

Posted using Partiko Android

Haha :) Man, I wish those FUTURE tokens would be profit sharing as well!

Aggroed robi świetne projekty. Co do tokenu to świetny pomysł i zastanawiałem się kiedy zaczniesz działać:)

Just bought some. That bot works fine :P

Just a quick question, @tipu will track all TPU tokens, that if I send it to a @user, that @user will recieve the daily profit sharing based on the amount of TPU that the @user hold right?

Posted using Partiko Android

Yes exactly :) the payouts will be sent as long as the @user holds the tokens.

Great! Since I intend to send the tokens to the winners of my daily contests. I just bought some today and it appears to the Tipu website right away. Anyway, thanks again for initiating the TPU tokens😊

Posted using Partiko Android

Glad I could help ;)

This is a very interesting development.

airdrop will be held once ?
I will buy your token absolutely.

Currently yes but probably it will be handled again in the future :)

Oh, and can auto-reinvest be set to pay out in tokens?

Posted using Partiko Android

Not yet but this will be added - a lot of the payout code has to be updated.

Basically there's gonna be new option to set: reinvest in X
Where can be set to: SBD, STEEM, SBD and STEEM, STEEM POWER, Tokens

Hope Im gonna be able to do this in timely manner :D

Dbd?

Posted using Partiko Android

SBD* :)

great implementation! :-)

Just bought some TPU and they have appeared almost instantly on my steem-wallet. ✌️

Congratz to the official launch of TPU. 🍾 🍾 🍾
And at the risk of repeating myself: Good work!

Thank you!

When will you take a snapshot of delegation for the airdrop? If I want to increase my delegation to get a larger airdrop, is there still time? Do I need a steem-engine account?

Posted using Partiko Android

The airdrop is currently live but if you haven't received the tokens yet, increasing the delegation will still work.

Steem engine account is not needed :)

I want to delegate 500 SP to @tipu

Posted using Partiko Android

Hi @improv! Special squad of highly trained hamsters prepared this delegation link for you:
steemconnect 500.0 SP delegation to @tipu.

And... the tokens can be smaller than 1, right? (I hope so, as I only had 600 some sp available to delegate)

Oh no! I just saw this.
You have just received: 0.05 @tipU Tokens from the airdrop :) | More info: https://steemit.com/steemit/@tipu/announcing-tpu-tipu-tokens-sharing-profit-tokens-backed-by-steem-power | Please go to https://tipu.online to see your new investment. You can validate the transfer at https://steem-engine.com/?p=balances

Gotta check my wallet notifications.

@tipu send 2 tokens ;)

Aw! Thanks for your generosity!

Posted using Partiko Android

Maybe once you implement payout in tokens and send commands for tokens, I'll be able to make the tokens a part of the prizes for Punday Monday!

Posted using Partiko Android

Would you like to receive all payout in tokens or just a part?

How about 90%?

Posted using Partiko Android

Im thinking if I should add option to:

  • pay in tokens
    or
  • reinvest in tokens
    Probably the second one will be added as you can set the % there.

Success! 2.0 @tipU tokens worth of 2.002 STEEM POWER have just been sent to @improv.
@improv - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.

  ·  6 months ago (edited)

This is very interesting - If I understood it correctly, it is similar to the gold standard - well in this case, it is "steem" standard as it is backed by steem.

I've already bought some through steem-engine, but I guess I will use the memo option as there's 1% fee in and out of the steem engine. I will try with a small amount and will buy more if the memo method is working.

  • Wow, that was quick and automated. Now I got 1,000 TPU!

  • Is there a limit on how much TPU you can buy with this method?

Nice, thank you!

There's no limit per user but the amount of tokens for sale is limited. Currently there's around 3,000 tokens available for sale :)

Very interesting.
I already bought some tokens.

Congrats!

Just did a test buy, it works like a charm. I'll buy some tomorrow.

EDIT: Got one MEEP token, too. WTF is that? :-)

Thank you! No idea what MEEP is :D

I got it with my test buy of TPU so I thought they could be related in some way. But it looks like that it only says meep :-)

@tipu profit for 500 sp

Yesterday 500.0 STEEM POWER delegated or invested gave payout of:
0.031 SBD + 0.208 STEEM (0.12 USD), APR: 20.22% .

Delegation link: steemconnect 500.0 SP delegation to @tipu.

Please note that your profit can be slightly different (depending on the payout time).

Check out https://www.steemprofit.info to compare @tipU with other services.

Question?
What did you decide for reinvest?
Autobuy Tipu tokens or reinvest the earnnig like right now?

Most probably users will be able to choose :)

Is the bot working? Doesn't look like it!

Had some downtime, back online :)

Just received .127 token for my delegation. I am happy that Tipu has created token so that you can use your liquid steem as efficiently as SP. This move will definitely bring more investor to @tipu.
Let my small investment rock with tipu.

Wow, I love this concept. I will buy some TPU tokens.

One of the best investment opportunities on STEEM! Thanks for the token, will be continuing to invest!

Thanks for the tokens. Will it be possible to delegate them to another user and then the delegatee will get the profits?

You can just send them to someone else :)

How many tokens left for sale?

This post is supported by $45.15 @tipU upvote funded by @cardboard :)
@tipU voting service instant upvotes | For investors.

@tipu profit 2000 sp delegated

Yesterday 2000.0 STEEM POWER delegated or invested gave payout of:
0.094 SBD + 0.523 STEEM (0.3 USD), APR: 13.57% .

Delegation link: steemconnect 2000.0 SP delegation to @tipu.

Please note that your profit can be slightly different (depending on the payout time).

Check out https://www.steemprofit.info to compare @tipU with other services.

Wish I had more SP to delegate :(

Posted using Partiko Android

Good stuff the idea of solving the SP power down by exchanging TPU is not bad...

Yeah, that was the main idea :) @tipu send 5 tokens

Success! 5.0 @tipU tokens worth of 5.0 STEEM POWER have just been sent to @toofasteddie.
@toofasteddie - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.

hey, Thanks man! I am going to put some steem there in TPU!

Looks like I just missed the airdrop. :(

I think we can work it out ;)

@Tipu profit for 36000 SP

Yesterday 36000.0 STEEM POWER delegated or invested gave payout of:
1.321 SBD + 12.974 STEEM (6.77 USD), APR: 16.28% .

Delegation link: steemconnect 36000.0 SP delegation to @tipu.

Please note that your profit can be slightly different (depending on the payout time).

Check out https://www.steemprofit.info to compare @tipU with other services.

Just visited the new tipu website, looks great on mobile, but I think I found a small bug. When you're logged in and click on a category that's still under construction, you are immediately logged out and have to login again. I don't think this is intended, or is it?

Yeah, its already on the list to fix :)

Sounds very interesting. Let's see where the TPU is going 😊
Adding the option to use them for upvotes could be a good idea. I've seen other tokens which uses this option and there value is, at the moment at least, very stable.

Yeah, it's a really nifty idea. @tipu send 5 tokens

Thanks for the starter pack 😉

Success! 5.0 @tipU tokens worth of 5.0 STEEM POWER have just been sent to @samsemilia7.
@samsemilia7 - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.

@tipu delegate 125.406

delegate 125.406 to @tipu

Delegate 125.406 sp to @tipu :)

Here is the delegation link:
steemconnect 125.406 SP delegation to @tipu.

@tipu profit for 570SP

Yesterday 1000 STEEM POWER delegated or invested gave payout of:
0.065 SBD + 0.393 STEEM (0.25 USD), APR: 19.53% .

Delegation link: steemconnect 1000 SP delegation to @tipu.

Please note that your profit can be slightly different (depending on the payout time).

Check out https://www.steemprofit.info to compare @tipU with other services.

So would someone holding the tokens and delegating, receive a payment as normal for delegation and a payout for however many tokens they are holding?

Posted using Partiko iOS

It would be summed up to one payout :) @tipu send 5 tokens

Thanks man. Much appreciated. Excellent job on this project.

Posted using Partiko iOS

Success! 5.0 @tipU tokens worth of 5.0 STEEM POWER have just been sent to @steemengines.
@steemengines - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.

  ·  6 months ago Reveal Comment

@Tipu profit for 35500 SP

Yesterday 35500.0 STEEM POWER delegated or invested gave payout of:
1.867 SBD + 10.501 STEEM (6.2 USD), APR: 15.16% .

Delegation link: steemconnect 35500.0 SP delegation to @tipu.

Please note that your profit can be slightly different (depending on the payout time).

Check out https://www.steemprofit.info to compare @tipU with other services.

Hi Tipu

Please answer my question.

I have around 10200sps delegates to the tipu. Today I won around 10,200 tipu tokens.

What happens if I sell the tokens ?? I'll win, 9.217 steem (on average), right ?? But by winning this and keeping the delegation, I keep getting the percentage of the profits from the voting, right ??

If I want to stop delegating and keep the tokens, I also keep getting the percentage of profits, right ?? /

Now, if I keep the delegation and keep the tokens too, will I get doubled ??

Thank you!!!

Today I won around 10,200 tipu tokens.

Please note that it's 10 tokens, not 10 thousands.

What happens if I sell the tokens ?? I'll win, 9.217 steem (on average), right ??

Yep, you can sell the tokens and get around 10 STEEMs back.

But by winning this and keeping the delegation, I keep getting the percentage of the profits from the voting, right ?? If I want to stop delegating and keep the tokens, I also keep getting the percentage of profits, right ?? Now, if I keep the delegation and keep the tokens too, will I get doubled ??

Yeah, you can undelegate and keep the tokens but the delegation gives you much bigger share than just the tokens. For example: 10,000 SP delegated + 10 Tokens gives you 10,010 SP invested. Just holding the tokens will give you 10 SP invested so 1000x less. So they sum up but you delegation is much bigger than the amount of tokens that you have :)

yes, i underestand all

thank you for help me!

Also I think it would be in good manner to make some giveaway in the comments ;) First 10 comments that are not total spam will get some love <3

Cool 😎

Posted using Partiko Android

:) @tipu send 5 tokens

Success! 5.0 @tipU tokens worth of 5.0 STEEM POWER have just been sent to @amico.
@amico - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.

You should also consider minnows that don't have enough SP to delegate.

Posted using Partiko Android

Congratulations @tipu!
Your post was mentioned in the Steem Hit Parade in the following category:

  • Comments - Ranked 6 with 107 comments

profit for 5950 sp @tipu

I'm coming :D

Dude, we have kids here! @tipu send 5 tokens

Success! 5.0 @tipU tokens worth of 5.0 STEEM POWER have just been sent to @minloulou.
@minloulou - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.

Success! 5.0 @tipU tokens worth of 5.0 STEEM POWER have just been sent to @minloulou.
@minloulou - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.

duplicated, do you need it back?

Woops, I edited the comment. Feel free to send it to someone:) trough steem engine website.

Found a bug here. Or just a prize for 1 st resteemed. Anyways, thanks a lot! I will promote it to my community!

Posted using Partiko iOS

Got mines, thanks. Nice way to increase my gains.

Dang. Already sold out. Nice work!

Posted using Partiko iOS

There's still some on the steem engine market :)

I’ll check it out. Got my first payout today. I’m looking forward to steem coming in everyday.

Posted using Partiko iOS

Cool

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Join the whitelist on SteemBet webiste now and start investing! Feel free to ask us anything on Discord https://discord.gg/tNWJEAD

spt-sale-2-day.jpg

Very good and interesting idea. I think that tokens will be very popular 😉

Posted using Partiko Android

Time will tell... @tipu send 5 tokens

Success! 5.0 @tipU tokens worth of 5.0 STEEM POWER have just been sent to @baro89.
@baro89 - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.

delegate 31.654 SP to @tipu

Hi @cam-girls! Special squad of highly trained hamsters prepared this delegation link for you:
steemconnect 31.654 SP delegation to @tipu.

Congratulations @tipu! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 63000 upvotes. Your next target is to reach 64000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Happy Birthday! The Steem blockchain is running for 3 years.
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

delegate 10 sp to @tipu

Hi @wyp! Special squad of highly trained hamsters prepared this delegation link for you:
steemconnect 10.0 SP delegation to @tipu.

status @tipu

@tipu status ;)

Hi @cardboard! You can now monitor your investment at https://tipu.online
Here is your @tipU service user data:

@tipu status

Hi @wyp! You can now monitor your investment at https://tipu.online
Here is your @tipU service user data:

  • deposit: 1.21 STEEM and 13.962 SBD
  • delegation: 10.0 STEEM POWER | auto-reinvested: 1.21 STEEM POWER
  • 0.005017 @tipU Tokens -> 0.005 STEEM POWER invested from tokens
  • pending payout: 0.001 SBD + 0.005 STEEM, next scheduled payout in: 12.1 hours
  • total @tipU STEEM POWER: 2109883 | Your share: 0.001175% | Your reinvest ratio: 100%
  • Your payouts are send in both STEEM and SBD every 24 hours
  • voting status: recovering voting power, voting will start in 1 hour
  • profitability yesterday: 0.071 SBD + 0.383 STEEM (0.26 USD) per 1k SP delegated or invested, APR: 19.57% | average profitability last month

delegate 30 sp to @tipu

Posted using Partiko Android

Hi @wyp! Special squad of highly trained hamsters prepared this delegation link for you:
steemconnect 30.0 SP delegation to @tipu.

@tipu status

Posted using Partiko Android

Hi @wyp! You can now monitor your investment at https://tipu.online
Here is your @tipU service user data:

  • deposit: 1.21 STEEM and 13.962 SBD
  • delegation: 30.0 STEEM POWER | auto-reinvested: 1.21 STEEM POWER
  • 0.005017 @tipU Tokens -> 0.005 STEEM POWER invested from tokens
  • pending payout: 0.002 SBD + 0.008 STEEM, next scheduled payout in: 0.9 hours
  • total @tipU STEEM POWER: 2080035 | Your share: 0.002153% | Your reinvest ratio: 100%
  • Your payouts are send in both STEEM and SBD every 24 hours
  • voting status: active, profit will be increased with each vote :)
  • profitability yesterday: 0.071 SBD + 0.383 STEEM (0.25 USD) per 1k SP delegated or invested, APR: 19.8% | average profitability last month

@Tipu profit for 33200 SP

Yesterday 33200.0 STEEM POWER delegated or invested gave payout of:
2.058 SBD + 11.826 STEEM (7.64 USD), APR: 17.82% .

Delegation link: steemconnect 33200.0 SP delegation to @tipu.

Please note that your profit can be slightly different (depending on the payout time).

Check out https://www.steemprofit.info to compare @tipU with other services.

@Tipu profit for 35200 SP