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Gate.io Listing Vote #12 – Cartesi VS Solana

2020-06-18 13:17:28Read:78600

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 "listing vote", offering even more opportunities to launch high-quality projects.

In each listing vote, participants can vote for two quality projects. The project with the majority of the votes will be listed on Gate.io. All voters, regardless of which project they voted for, can win an airdrop of the project token according to the ratio of the votes they contributed in total.

1. Duration: GMT 04:00 June 23, 2020 – GMT 04:00 June 24, 2020

2. Airdrop Amount:
(1)If Cartesi becomes the winner, the trading service of CTSI will be available on Gate.io. Voters can share a 1,000,000.00 CTSI airdrop as per the Listing Vote Scheme.
(2)If Solana becomes the winner, the trading service of SOL will be available on Gate.io. Voters can share a 83,836.36 SOL (roughly $50k) airdrop as per the Listing Vote Scheme.

3. Participate in the Listing Vote at: https://www.gate.io/poll/votelist/20

Introduction to Cartesi


1. Project Introduction

Cartesi is building an operating for dApps. The project enables complex and intensive computations run in a Linux environment, outside the blockchain, without compromising decentralization. Cartesi aims to make dApps significantly more powerful, cost-effective, easier to develop, and portable. The goal is to bring mainstream productivity to developers and a satisfying experience for users.

Official website: https://cartesi.io
Link to Whitepaper: https://cartesi.io/cartesi_whitepaper.pdf
Link to Lightpaper: https://cartesi.io/cartesi_lightpaper_english.pdf

2. Token Information
CTSI
Cartesi aims to bring mainstream scalability and power to decentralized applications through a network of nodes. The CTSI token has been designed to incentivize Cartesi Node operators to engage with the honestly and in an efficient way. It comprises the following use cases:

-Cartesi Core: The Cartesi Core relies on an arbitration mechanism that uses CTSI as collateral to enforce honest behavior;
-Cartesi Side Chain: Users of the Cartesi Side Chain pay for temporary data storage for Cartesi dApps with CTSI. Block generators receive CTSI block rewards and the fees paid by users adding data to the Side Chain;
-Consensus : CTSI is used to participate in the Side Chain's Proof-of-Stake consensus . Miners with the highest stakes have a higher probability of being selected to generate the next block;
-Data Availability Protocol: CTSI will also power a data availability protocol to aid with the transfer of large data blobs used for machine snapshots.

(1) Token symbol: CTSI

(2) Total supply: 1,000,000,000

(3) Current Circ. Supply: 199,408,334

(4) Token allocation:

Public Sale: 10.00%
Seed Sale: 2.00%
Private Sale: 5.00%
Strategic Sale: 0.67%
Team tokens: 15.00%
Advisors tokens: 2.11%
Foundation Reserve: 40.22%
Mining Reserve: 25.00%

(5) Token release schedule
Public Sale: released on April 30, 2020.
Private Sale: 25-month vesting, starting from April 30, 2021 (released every three months).
Strategic Sale: 13-month vesting, starting from April 30, 2020 (released every four months).
Team: 37-month vesting, starting from April 30, 2021 (released every six months).
Advisors: 13-month vesting, starting from April 30, 2021 (released every six months).
Seed Sale: 19-month vesting, starting from April 30, 2021 (released every three months).
Foundation Reserve: 40-month vesting, starting from April 30, 2020 (released every three months).
Mining Reserve: 10-year vesting, starting from February 28, 2021.

(6) Price
Public Sale Token Price: 1CTSI=0.015 USD
Seed Sale Token Price: 1CTSI=0.005 USD
Private Sale Token Price: 1CTSI=0.01 USD
Strategic Sale Token Price: 1CTSI=0.03 USD

(7) Additional issuance

The Cartesi team plans to introduce token inflation for staking rewards in the future, which is yet to be finalized, and not presented in the token release schedule.

Participation in the Cartesi Side Chain and network will be bootstrapped by a limited reserve of reward tokens and encouraged by a controlled inflationary process that awards newly minted tokens in proportion to staked tokens. The reserve awards and inflation will be progressively phased out, as fees paid by the users of side chain services to Node Operators provide all necessary incentives for participation in the staking process.

3.Deposit CTSI at: https://www.gate.io/myaccount/deposit/CTSI

Introduction to Solana


1. Project Introduction

Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, delegated-Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security.Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks in where there is not a single, trusted, source of time. At its core, Solana offers:
-Scalability: Solana is capable of supporting over 50,000 transactions per second, while maintaining block times of 400 milliseconds.
-Decentralization: With the use of Turbine block propagation protocol, the platform can support thousands of nodes while remaining performant and scalable.
-Inexpensive ution: Transactions costs on the network are estimated to cost 10 USD for 1 million transactions.

Official website: https://solana.com
Link to Original Whitepaper: https://solana.com/solana-whitepaper.pdf
Link to New Documentation: https://docs.solana.com

2. Token Information
SOL
A SOL is the name of Solana's native token, which can be passed to nodes in a Solana cluster in exchange for running an on-chain program or validating its output. Users are able to stake tokens and earn rewards by processing and validating transactions.

(1) Token Symbol
SOL

(2) Total Supply
488,629,512.76 SOL (18 June 2020)

(3) Current Circ. Supply
16,484,755.32 SOL (18 June 2020)

(4) Token Allocation
Seed Sale token: 16.23% of total token supply.
Founding Sale tokens: 12.92% of total token supply.
Validator Sale tokens: 5.18% of total token supply.
Strategic Sale tokens: 1.88% of total token supply.
CoinList Auction Sale tokens: 1.64% of total token supply.
Team tokens: 12.79% of total token supply.
Foundation tokens: 10.46% of total token supply.
Community token: 38.89% of total token supply.

(5) Token Release Schedule
Team: Released on January 7th, 2021.
Founders: 50% released starting from January 7th, 2021. Remaining tokens twenty-four month vesting
Private Sale: will be released on January 7th, 2021.
Public Sale (Coinlist): released on March 16th, 2020.
Foundation and Community: maximum 1.6% per month until January 7, 2020.
*Network inflation is not taken into account.

(6) Token Price
Seed Sale: 1 SOL = 0.040 USD (as of April 5th, 2018)
Founding Sale: 1 SOL = 0.200 USD (as of June 3rd, 2018)
Validator Sale: 1 SOL = 0.225 USD (as of July 9th, 2019)
Strategic Sale: 1 SOL = 0.250 USD (as of February 18th, 2020)
CoinList Auction Sale: 1 SOL = 0.220 USD (as of March 24th, 2020)

(7) Inflation Rules: Currently inflation is not enabled. The economic design proposal for Solana can be found here:
https://docs.solana.com/implemented-proposals/ed_overview

3.Deposit SOL at: https://www.gate.io/myaccount/deposit/SOL

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 KYC 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 of the commencement of 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 1 tier.

(2)After each listing vote, the token of the winner will be airdropped. All voters will 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.

Solana's Official Educational Airdrop Campaign

In addition to the 83,836.36 SOL for voters, Solana will distribute an airdrop of up to 41,918.18 SOLs. The rule is as follows:

1. The campaign is hosted on Solana's website at https://solana.com/gate-airdrop
2. Solana offers a SOL airdrop for Gate.io users that complete a quiz, follow Solana and Gate.io's twitter, join the telegram group and for referring new users to join the campaign. Airdrops will be larger for Gate.io token holders who participate in voting.
3. Users submit a form with all of the information once having completed the above steps, and also provide the Gate.io user ID to Solana.

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Gate.io
June 18, 2020

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