Gate.io Listing Vote #1 - OKB VS Hedera Hashgraph
# 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 February 13 - UTC 04:00 February 14, 2020
2. Airdrop Amount:
(1) If OKB becomes the winner, the trading service of OKB will be available on Gate.io. Each voter has a chance (about 20%) of receiving 5,000 OKB airdrop as per the Listing Vote Scheme.
(2) If Hedera Hashgraph becomes the winner, the trading service of HBAR will be available on Gate.io. Each voter has a chance (about 20%) of receiving 1,500,000 HBAR airdrop as per the Listing Vote Scheme.
3. Participate in the Listing Vote at (Web only): https://www.gate.io/poll/votelist/4
4. The tokens for the airdrops are purchased from the open market.
#Introduction to OKB
OKB is a global utility token issued by the OK Blockchain Foundation. It is a token economy designed and launched by a world-class development team based on blockchain technology. OKB is set to connect prospective digital asset projects to OKEx users as well as professional investors, creating an OKEx eco that helps to advance the development of blockchain technology and the digital asset industry. Currently, the total supply of OKB is 300 million. We will listen to OKB holders’ suggestions for the OKB eco development.
Official website: https://www.okex.me/okb/
2. Token Information
(1) Token Symbol: OKB
(2) Total Supply: 300 million
(3) Token Allocation: All the tokens have been distributed to users
(4) Additional Issuance: Non-inflationary
# Introduction to Hedera Hashgraph
1. Project Introduction
Hedera is the only public ledger network using the hashgraph consensus algorithm, which is a fast 100k+ TPS, secure aBFT, with the strongest security possible in a DLT, and fair transparent time-stamping on all events, transaction censorship-resistant. The hashgraph consensus algorithm combines a gossip protocol with virtual voting to achieve consensus very quickly while using the minimum amount of data. The Hbar coin serves several functions: 1. The hashgraph algorithm uses a proof of stake model to prevent Sybil attacks nodes vote on consensus based on the value of coins in their wallet, making the coin critical to the security of the network. 2. The Hbar coin serves to reward nodes for providing consensus, as payment for API calls and to facilitate native micropayments, and 3. The Hbar coin allows one to use a Hedera API and additional services built on top of it.
Official Website: https://www.hedera.com/
2. Token Information
(1) Token Symbol: HBAR
(2) Max Supply: 50 billion
(3) Token Allocation:
- Hedera Treasury: 54.11%,
- Investors(SAFTS): 17.45%,
- Employees: 15.52%,
- Swirlds, Inc.: 5%,
- Advisors, vendors & others: 2.9%,
- Market development funds: 2.6%,
- Community earn programs:2.42%
(4) Price of token (private sale): 1 HBAR=0.12USD
(5) Additional issuance: Non-inflationary
(6) Token release: 17.35% is expected to be circulating in 2020.
For more details, please refer to: https://www.hedera.com/hbar
#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.
（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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