Gate.io Launches Voting to Enable the Trading Service of NAX/USDT
Gate.io will launch a voting session to enable the trading service of NAX/USDT. Users need to vote with NAS, and if the project gets 500,000 votes, the trading service of NAX/USDT will be enabled. Once 500,000 votes are reached, 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: GMT 04:00 May 19, 2020 — GMT 04:00 May 20, 2020
2. Airdrop Amount:
Once NAX gets 500,000 votes, the trading service of NAX/USDT will be available on Gate.io. Each voter has a chance of sharing 10,000,000 NAX airdrop as per the vote.
3.Participate in the Listing Vote at: https://www.gate.io/poll/votelist/17
Introduction to NAX
1.NAX is the governance token for Nebulas community and eco. It’s issued in a fair and transparent way. No initial fund, no token sale and no team reserve. It’s the governance token dedicated and designed for the Nebulas community and eco, issued by dStaking, allowing everyone in the community to participate in the public chain governance.
Official Website: https://nextdao.io/zh
White Paper: https://nextdao.io/static/docs/nax_whitepaper_zh.pdf
Block Explorer: https://explorer.nebulas.io/#/
Nebulas Node Portal：https://node.nebulas.io/list
2. Token Metrics
（1） Token symbol: NAX
（2） Max supply: 10,000,000,000
（3） Circ. Supply: 1,000,000,000
（4） Token type: NRC20
（5） Decimal places: 9
（6） Price of Token: 1NAX=￥0.03
（7）Token economic model: dStaking as mining
（8） Token reserve: no token reserved, all the NAX tokens can only be gained by dStaking NAS
（9） Token allocation: 95% issued to users based on dStaking, 5% allocated to NAX
3. Recent news:
August 21, 2019 — issued the NAX white paper
September 3, 2019 — started NAX flash sale, 20k NAS soft cap, issued 3 million NAX
September 11, 2019 — started dStaking NAS and started issuing NAX
September 29, 2019 — started voting by NAX to decide burn or not for 1million NAS
October 18, 2019 — used NAX to vote for two proposals: 1. Burn or not 34 million NAS, 2. The future of NAT
November 4, 2019 — used NAX to vote for two proposals: 1. DPoS income adjustment, 2. Burn or not unswapped NAS
November 8, 2019 — Gate listed NAX/ETH trading pair
November 13, 2019 — MXC listed NAX/USDT trading pair
April 6, 2020 — launched the node portal node.nebulas.io, NAX is voting token for nodes
Voting to Enable the Trading Service of NAX/USDT Scheme
1.Participants: all the NAS holders on Gate.io 1 NAS=1 vote
2.Vote allocation: For every participant, their vote equals the average 14-day NAS holding including available and lock-up assets in Spot Market. The user’s votes will be calculated based on the average 14-day NAS holding within two hours after the listing vote. Thus, please don’t make any changes to your NAS holding before the counting of the votes.
For example, Bob is a new NAS holder, and he buys and holds 14000 NAS one day before the sale. Therefore, his average 14-day NAS holding will be 1000 NAS (14000 NAS/14 days), and he will have 1000 votes.
3. Every KYC participant can vote with his NAS for the project.
4. In this vote, when the project gets 500,000 votes, the trading service of NAX/USDT will be enabled.
5. After the vote, if the project gets 500,000 votes, all voters will be rewarded with an airdrop of the tokens. Meanwhile, the time for enabling the trading service of NAX/USDT will be released.
6.The return of NAS and holding requirements: after the listing vote, the voter’s NAS will be returned to his account. The NAS holding of the voter should be higher than the number of his votes within two hours after the activity. Otherwise, the number of votes will be counted based on the real-time NAS holding when the vote counting begins.
7.Rewards in the Vote:
（1）After the project receives 500,000 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.
（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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Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
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Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
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