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Gate.io Date Changed for Single Listing Vote #6 - Kusama

2020-07-23 21:34:58Read:28920

Due to market reasons, the date for Gate.io Single Listing Vote #6 - Kusama has been changed.

1. The Updated Duration: 04:00 AM GMT July 24th, 2020 – 04:00 AM GMT July 25th, 2020

2. Airdrop Amount: Once Kusama gets 10 million votes, the trading service of KSM will be available on Gate.io. Each voter has a chance of sharing 2,000 KSM airdrop as per the Single Listing Vote Scheme.

3.Participate in the Listing Vote at: https://www.gate.io/poll/votelist/26


Introduction to Kusama




1. Project Introduction
Launched on August 23, 2019, Kusama is a canary network for Polkadot experiments. Kusama is an early, unaudited and unrefined release of Polkadot. It will serve as a proving ground, allowing teams and developers to build and deploy a parachain or try out Polkadot’s governance, staking, nomination and validation functionality in a real environment.

Official Website:https://kusama.network/
Link to Whitepaper:https://polkadot.network/PolkaDotPaper.pdf

2. Token Information
The Kusama network will be powered by its own native token, called KSM. With KSM, you can validate, nominate validators, bond parachains, pay for interop message passing, and vote on governance referenda. KSMs are used to experiment on the canary network. Trading or selling of KSM is not condoned.

(1) Token Symbol: KSM
(2) Total Supply: 10,000,000
(3) Token Allocation: The genesis distribution of KSM will be exactly as for DOT. If you purchased DOTs in the sale, then you own an equal share of the Kusama network. It is anticipated there will be 10 million DOTs as part of the Polkadot genesis block. 5 million DOTs were made available for sale in Autumn 2017. Of the remaining 5 million DOTs in the Polkadot genesis block, it is intended that 2 million DOTs will be sold or otherwise distributed prior to genesis. The remaining 3 million DOTs will be allocated to the Web3 Foundation and retained or distributed at its sole discretion. One percent of DOT tokens (100,000 DOTs) at Polkadot genesis have been reserved as an eventual incentivisation grant to Kusama’s stakeholders and community.

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


Single 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 vote with his GT for the project.

4. In this listing vote, when the project gets 10 million votes, the tokens will be listed.

5. After the listing vote, all voters will be rewarded with an airdrop of the tokens. Meanwhile, the time for trading, withdrawal, and deposit of the tokens 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)After the project receives 10 million votes, the token will be airdropped. All voters will win the token. 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.


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