Gate.io is a trading platform that does not charge listing fees, only launches quality projects, and provides users with a variety of blockchain assets trading services. To involve a higher amount of users in the process of expanding our list of coins, Gate.io has implemented a new feature called “single listing vote,” offering even more opportunities to launch high-quality projects.
In each single listing vote, participants can vote for the project. In this single listing vote, the tokens of the project will be listed on Gate.io. All voters, have a chance to win an airdrop of the project token according to the ratio of the votes they contributed to the number of votes in total.
1. Duration: UTC 04:00 May 11, 2020 — UTC 04:00 May 12, 2020
2. Airdrop Amount:
（1）Once Klaytn gets 10 million votes, the trading service of KLAY will be available on Gate.io. Each voter has a chance of sharing 200,000 KLAY airdrop as per the Single Listing Vote Scheme.
3.Participate in the Listing Vote at: https://www.gate.io/poll/votelist/14
Introduction to Klaytn
1. Project Introduction
Kakao’s global public blockchain project Klaytn is an enterprise-grade, service-centric platform that brings user-friendly blockchain experience to millions. It combines the best features of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) via an efficient ‘hybrid’ design. Klaytn is secured by participation from numerous highly-reputable brands around the globe, working together to create a reliable business platform atop a robust of decentralized trust. Klaytn enables businesses and entrepreneurs today to capture value using blockchain technology.
Official website: https://www.klaytn.com
Link to Whitepaper: https://www.klaytn.com/technology
https://www.klaytn.com/GroundX_Klaytn_MediaKit_EN.pdf
2. Token information
1) KLAY
KLAY is the main internal transferable cryptocurrency of Klaytn and is used to pay transaction fees when creating or uting smart contracts or when transferring KLAY.
It is a form of payment made by the platform users to the consensus nodes (CNs) uting the requested operations. To put in another way, KLAY is an incentive; it ensures that developers write high-quality applications (because wasteful code costs more fee) and that the network remains healthy (Klaytn nodes are compensated for the resources they contribute).
(1) Token Symbol: KLAY
(2) Total Supply: 10,000,000,000
(3) Token Release: Projected release from June 2019 to March 2021 (there is a 3% annual inflation)
(4) Current Circulation Supply: 419,000,000 (April 2020)
(5) Token allocation
Private Sale
18%
Reserve (for balancing economy and Tech/Biz)
53%
Business Development(for DApp & User)
16%
Tech and R&D(for Platform & Infra)
8%
Team
5%
(6) Price
Exclusive round: US$0.03/KLAY
1st round: US$0.08/KLAY
(7) Inflation Rules: there is 3% annual inflation against the 10 billion KLAY issued at genesis (https://docs.klaytn.com/klaytn/design/token-economy)
3.Deposit KLAY at: https://www.gate.io/myaccount/deposit/KLAY
Single Listing Vote Scheme
1.Participants: all the GT holders on Gate.io 1 GT=1 vote
2.Vote allocation: For every participant, their vote equals the average 14-day GT holding including assets in Lending/Borrowing Market, and the GT bought with USDT borrowed from Margin Trading, however, GT borrowed from Margin Trading is not allowed. The user’s votes will be calculated based on the average 14-day GT holding within two hours after the listing vote. Thus, please don’t make any changes to your GT holding before the counting of the votes.
For example, Bob is a new GT holder, and he buys and holds 14000GT one day before the sale. Therefore, his average 14-day GT holding will be 1000GT 14000GT/14 days, and he will have 1000 votes.
3. Every real-name participant can vote with his GT for the project.
4. In this listing vote, when the project gets 10 million votes, the tokens will be listed.
5. After the listing vote, all voters will be rewarded with an airdrop of the tokens. Meanwhile, the time for trading, withdrawal, and deposit of the tokens will be released.
6.The return of GT and holding requirements: after the listing vote, the voter’s GT will be returned to his account. The GT holding of the voter should be higher than the number of his votes within two hours after the activity. Otherwise, the number of the votes will be counted based on the real-time GT holding when the vote counting begins.
7.Rewards in the Listing Vote:
（1）Among the top 1000 voters, 10 voters will be randomly selected whose VIP levels will be upgraded by 3 tiers.
（2）After the project receives 10 million votes, the token will be airdropped. All voters will win the token. The airdrop of the token will be ratioed according to how many votes of the voter account for the votes in total.
8.Attention:
（1） Cheating: Gate.io will cancel the votes of an account if any cheating is detected or reported by other users and confirmed. The account will no longer be qualified for the listing vote if more than three cheating records have been registered.
Gate.io reserves the final right to interpret this activity.
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May 06, 2020
