The Guideline of the Listing Vote on Gate.io
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 encourage a higher amount of users in the listing, Gate.io has officially launched “Listing vote,” offering even more channels for launching quality projects.
In each listing vote, participants can vote for two quality projects. The project with the majority of votes will be launched on Gate.io. All voters can win an airdrop of the project token through lottery.
1. Duration: UTC 04:00 March 2nd- UTC 04:00 March 3rd, 2020
2. Airdrop Amount:
（1）If KAVA becomes the winner, the trading service of KAVA will be available on Gate.io. Each voter has a chance about 20% of receiving 555,249.5 KAVA (worth of about $50K) airdrop as per the Listing Vote Scheme.
（2）If Reserve becomes the winner, the trading service of HBAR will be available on Gate.io. Each voter has a chance about 20% of receiving 7,812,600 RSR and 25,000 RSV (worth of about $50K in total) airdrop as per the Listing Vote Scheme.
3. Participate in the Listing Vote at: https://www.gate.io/poll/votelist/6
4. Thanks Kava and Reserve for their support!
Introduction to Kava
1. Project Introduction
Kava is a decentralized and cross-chain CDP (Collateralized Debt Position) platform that allows users to collateralize their favorite assets like BTC, XRP and ATOM for. Users can also instruct the platform to issue loans to themselves (no-counter party or credit score needed), and loans are issued to the user in a USD-pegged stable coin called USDX. Kava has its own token, a staking and governance asset used for network security. KAVA holders can vote on proposals to change the blockchain or the parameters including the total amount of USDX that can be issued, the accepted collateral types, the collateral-to-debt ratio, and the price of stability fees for CDPs. The platform is secured by 100+ very best professional validators, ensuring the safety of users’ assets.
Official Website: https://www.kava.io/
Whitepaper: https://docsend.com/view/gwbwpc3
2. Token Information
(1) Token Symbol: KAVA
(2) Total Supply: 100,000,000
(3) Token Allocation:
Private Sale 1: 30.05%
Private Sale 2: 5.02%
Private Sale 3: 4.93%
IEO: 6.52%
Kava Labs Shareholders: 25.00%
Token Treasury: 28.48%
(4) Token Price: IEO price 1 KAVA = $0.46
(5) Inflation Rules: Non-inflationary
(6) Token release: all the tokens will be released by October 2020. For more details please refer to Kava official.
3.Deposit KAVA at:https://www.gate.io/myaccount/deposit/KAVA
Introduction to Reserve Protocol
1. Project Introduction
Reserve Protocol is a decentralized stablecoin that scales supply with demand and is built to maintain 100% or more on-chain collateral backing. This design strikes a careful balance between stability, decentralization, and profitability while supporting arbitrary increases or decreases in demand.
Official website: https://reserve.org/
Whitepaper: https://reserve.org/whitepaper.pdf
2. Token information
1) RSV
The Reserve Protocol token (RSV) is a stable cryptocurrency that can be held and spent the way we use US dollars and other stable fiat money. It has a target value of $1.00, but it is designed to go off of the peg from the US dollar in long term.
For more details of how the Reserve Token is stabilized, please refer to the official website and whitepaper of Reserve.
2) RSR
The Reserve Protocol Rights token (RSR) is a cryptocurrency used to facilitate the stability of the Reserve token.
(1) Token Symbol: RSR
(2) Total Supply: 100,000,000,000
(3) Token Allocation:
Foundation — 58.6%
Strategic Partners — 5%
Team & Advisors- 20%
Project Funding — 16.4%
(4) Token Release:
Seed Sound: Vest over 6 months after mainnet launch, which is expected in 2020.
Private Round: Shortest release is 25% unlocked, 75% vest over three months, some tokens release more slowly.
(5) Token Price:
Private sale 1 RSR = $0.002
IEO 1 RSR = $0.0011
(6) Inflation Rules: Non-inflationary
3.Deposit RSR at:https://www.gate.io/myaccount/deposit/RSR
4.Deposit RSV at:https://www.gate.io/myaccount/deposit/RSV
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 only vote with his GT and for one of the projects.
4. In each listing vote, the project that gets the most votes, wins; the winner will be the project, which has more supporters, if both projects get the same number of votes.
5. After the listing vote, all voters will be rewarded with an airdrop of the token of the winner. Meanwhile, the time for trading, withdrawal, and deposit of the token 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 each listing vote, the token of the winner will be airdropped. All voters will have a chance (e.g., 20%) to win the token. The airdrop of the token will be ratioed according to how many votes of the voter account for the votes of the winner.
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.
Gate.io is a trading platform that does not charge listing fee, only launches quality projects, and provides users with a 100% guarantee and instant deposit-withdrawal services.
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Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
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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