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Home Gate.io Bi-Weekly Report, 2020 May Issue #1

Gate.io Bi-Weekly Report, 2020 May Issue #1

2020-05-16 02:47:18 UTC 70878 Read
To enhance communication with our users, Gate.io has started sharing the Gate.io Bi-Weekly Report. You can scan through the recent updates and announcements from the 1st till the 15th of May 2020, which are summarized in this report.

May 11th, 2020, GMT 19:23:43 witnessed the 3rd BTC halving with a BTC price of $8,745.87 at GMT 20:00. Gate.io has launched GateChain’s first-ever governance voting and the final scheme voted by users was 2.1. Gate.io has launched the “single listing vote” campaign on May 11th, and the first joining project was Klaytn. The volume of perpetual contracts trading reached $3,892,721,870; the volume of crypto-crypto trading reached $1,498,066,391.

1. Solution 2.1 Passed Via GateChain's First-Ever Governance Voting

Gate.io has launched a first-ever governance voting on whether GC should be released and on GateChain PoS incentive schemes in regards to various views from users. Users voted with GT according to the ratio of their holdings. In the voting, two schemes and three solutions were provided and finally solution 2.1 surpassed the other two solutions, winning 46,375,647 votes with the support of 87.06% from users. In accordance with the result, we will exercise solution 2.1: adopt GT both as platform and mainnet tokens without issuing GC; 30 million GT tokens from the team will be used for staking rewards in which GT tokens are given with PoS mining.
For further details, please check here: https://www.gate.io/article/17468

2.Gate.io Launches Voting 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. Duration: GMT 04:00 May 19, 2020 - GMT 04:00 May 20, 2020. For more details: https://www.gate.io/article/17475

3.Rewards of Predicting Halving Price Have Been Distributed; the Closest Price Was Only $4.13 Different from the Actual Price

Gate.io rolled out “Predict halving price with Gate.io to win red packets” activity from May 8th to May 11th. Before the event, Gate.io CMO Marie and Community Manager Patrick chatted with everyone in the Livestream about The Bitcoin halving, during which users won prizes by predicting the halving price. The activity itself has come to an end, and the forecasted price that was closest to the actual price was $8,750. All the rewards have been distributed to the winner. Users can check at their accounts. For further details, please check here: https://www.gate.io/article/17483

4.Influencers of Crypto Space Have Been Determined Via “Win GT Bonus & Be Influencers” Campaign

To facilitate more posts produced with great quality, Gate.io held the “Win GT Bonus & Be Influencers” campaign during the Labor Day holiday. Users have shown lots of enthusiasm in participating and have sent a variety of high-quality moments using various content. The content included but wasn’t limited to investments, entertainment, and daily life snapshots; all depicting some wonderful snippets of our users’ lives and unique characters. We’ve ranked the winners in line with the number of gained “Likes” and followers. Rewards have been distributed to winners’ accounts. For further details, please check here:https://www.gate.io/article/17482

5.Gate.io Has Launched Klaytn Via Single Listing Vote#1

Klaytn has been launched on Gate.io via a “single listing vote” held from May 11th to May 12th, ultimately gaining 47,095,384 votes. All the participants have shared an airdrop of 200,000 KLAY in total. Before the event, Klaytn was invited by Gate.io Korea’s Miryeong to have an interview discussing the underlying technology and fundamentals. For further details, please check here: https://www.gate.io/article/17471

6. Gate.io Launched HODL & Earn (Issue 3)

Gate.io has launched NAS PoS HODL & Earn (Issue 3) . Up till now, all the HODL & Earn - PoS & Earn (Issue 2) have been concluded. The latest issue of major cryptocurrencies on Gate.io include:
Please check the corresponding website in order to purchase your favorite products!

7.Gate.io 7th-Anniversary ETH Lock-up & Earn Sold Out in 1 Hour; EOS Lock-up & Earn Is Ongoing

The 7th-Anniversary Lock-up & Earn campaign is popular among the
users. The 2nd round of 7th-anniversary ETH Lock-up & Earn was sold out one hour after the commencement of the event (https://www.gate.io/article/17458), following the 1st round of 7th-anniversary BTC Lock-up & Earn which was sold out within 8 hours. Additionally, the 3rd round of 7th-anniversary EOS Lock-up & Earn is still ongoing. For further purchase details, please check here:https://www.gate.io/hodl/52

8. Gate.io BTC Sale (No.23) Buy-Back and Burn 501221.453GT

In the No.23 “Special Offer”, Gate.io received 200,000 USDT. The corresponding amount of GT has been bought back from the market through our exclusive accounts and all have been burned via our known “burn” address.
Current circulating supply is 189,015,989.6557 (total supply-burned amount); Actual circulating supply: 157,044,989.6557 (current circ.supply- stored amount). For further details, please check here: https://www.gate.io/article/17456

9.Gate.io Has Released the Winners of “My 7-year Stories About Gate.io”

During this campaign, Gate.io received numerous unforgettable stories! We appreciate each and every submission.
We have delivered the Anniversary prize to 20 users. For further details, please check here: https://www.gate.io/article/17463

10.Gate.io Distributed Compensation for ALY and KAI Holders

As per the previous compensation schemes, Gate.io has distributed the compensation for ALY and KAI holders. Please check the details at the accounts.
For the details of the compensation schemes, please check here: https://www.gate.io/article/17469

If you have any suggestions that can help us improve this report, do let us know!

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May 16, 2020

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