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, regardless of which project they voted for, 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 March 9th- UTC 04:00 March 10th, 2020
2. Airdrop Amount:
（1）If BitMax becomes the winner, the trading service of BTMX will be available on Gate.io. Each voter has a chance about 20% of receiving 782,472.62 BTMX (worth of about $50K in total) airdrop as per the Listing Vote Scheme.
（2）If LBank becomes the winner, the trading service of LBK will be available on Gate.io. Each voter has a chance about 20% of receiving 2,659,574.46 LBK (worth of about $50K) airdrop as per the Listing Vote Scheme.
3. Participate in the Listing Vote at: https://www.gate.io/poll/votelist/7
4. Thanks LBank and BitMax for their support!
Introduction to BTMX
1. Project Introduction
BitMax.io（BTMX.com）is a new generation cryptocurrency exchange driven by product innovation. Founded by a group of Wall Street quant trading veterans, BitMax is also the very first exchange with an advanced cross-asset collateral margin trading . The native token “BTMX”, on the other hand, is one of the few digital assets that has both “lock-up benefit” feature and “deflation” mechanism：80% of transaction fees from cash trading will be put into a distribution pool and distribute back to users who purchased BTMX investment product, currently, the estimated daily rewards for 1 million BTMX holding is 46 USDT.
Official webiste: btmx.com
2. Token Information
(1) Token Symbol: BTMX
(2) Total Supply: Equals circulating supply, and is subject to deflation according to consumption of BTMX and repurchase through futures trading revenue
(3) Circ. Supply: 779,579,454 BTMX, subject to deflation according to consumption of BTMX and repurchase through futures trading revenue
(4) Token Allocation:
Currently, the total amount of BTMX is roughly 0.779 billion (capped through smart contract), and is roughly distributed as follows:
- Users（BTMX Investment Product）: 539 million, 69.19%
- Users（Market）: 106 million, 13.61%
- Team: 44 million, 5.64%
- Foundation: 66 million, 8.47%
- Early Investors: 24 million, 3.08%
(5) Token Price: 1BTMX= $0.018230
(6) Additional Issuance: Non-Inflationary
(7) Token Release:
- Private Sale：Previously released through transaction mining, after Transaction Mining is discontinued, will be released through BTMX consumption on BitMax platform. For every BTMX consumed on the platform, 0.5 BTMX will be converted to BTMXS and removed from circulation, the other 0.5 BTMX will be released from private sale portion, the total number of BTMX and number of BTMX in circulation thus both decline by 0.5.
- Team：Currently there is no plan for additional release of team portion, BitMax platform will determine whether to release these portion every 3 months
- Foundation：Currently there is no plan for additional release of foundation portion, BitMax platform will determine whether to release these portion every 3 months
- Early Investors：Currently there is no plan for additional release of early investor portion, BitMax platform will determine whether to release these portion every 3 months
3. Deposit BTMX
Deposit LBK at: https://www.gate.io/myaccount/deposit/BTMX
Introduction to LBK
1. Project Introduction
LBank officially went live in October 2016. LBank’s vision is to build a ledger bank of the blockchain world based on a world’s top digital asset trading platform. It aims at providing safe, professional and convenient digital asset exchange services to users around the world, and offering a wealth of digital asset financial derivatives and a variety of application scenarios.
Official webiste: https://www.lbank.info/
Whitepaper: https://www.lbkex.co/pdf/LBank_Eco_Whitepaper_EN.pdf
2. Token Information
(1) Token Symbol: LBK
(2) Total Supply: 2,000,000,000
(3) Circ. Supply: 340,650,073.73
(4) Token Allocation:
- Genesis node recruit: 240 million, 12%
- Frequent user prior subion: 360 million, 18%
- Public release on the whole network: 600 million, 30%
- Eco establishment: 400 million, 20%
- Team locked section, conditional release after 2 years: 400 million, 20%
(5) Token Price: Exchange ratio: 1 LBK = 0.015 USDT
(6) Additional Issuance: LBK was launched with a total circulation of 2 billion, which will never be issued additionally. The initial issue includes 3 rounds, with a total number of 1.2 billion LBK.
(7) Token Release: LBK’s subion for individual users will adopt the principle of “one-time purchase, instant release & step-by-step release”, that is, after the subion is completed, the instant part will be released to the subion users’ account immediately. In order to ensure that the market price of LBK rises steadily, the remaining part will be locked and released gradually.
3. Deposit LBK
Deposit LBK at: https://www.gate.io/myaccount/deposit/LBK
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 have a chance of being 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 or her account. The GT holding of the voter should be higher than the number of his or her 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 to win the token regardless of which project they voted for. 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.
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
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Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
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March 5th, 2019
