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Gate.io Summary of GT Rewards for the First Half of 2020

2020-07-30 10:41:42Read:22550

Gate.io has been offering rewards to our users and catering to their needs. Looking back on the first half of this year, we have held 6 Startup Discount Sales of Mainstream Tokens, 13 Competing Vote Campaigns, 7 Single Listing Votes, 2 Startup IEOs and 7 rounds of Lock-up & Earn of Mainstream Tokens, distributing a total of 10,452,431 USDT to GT holders as rewards. Moreover, there was an 8% annual interest rate for rewards of Startup Discount Sale of Mainstream Token and Votes Airdrop, and a 72% annual interest rate for the rewards of Startup Discount Sale of Mainstream Token and Votes Airdrop and Startup IEO.

*Note: annual interest rate is calculated based on a participation average of 50,000,000 GT during each event, with an average price of 0.5 USDT.

Below is the reward summary for our five major categories: Startup Discount Sales of Mainstream Tokens, Competing Vote Campaigns, Single Listing Votes, Startup IEOs and Lock-up & Earn of Mainstream Tokens. We would like to thank GT users for their continuous trust and support! Looking forward to entering a new GT era, together.



Startup Discount Sale of Mainstream Tokens

We have held 6 Startup 20%+ Discount Sales of Mainstream Token in the first half of 2020. A total of 1,500,000 USDT worth of Mainstream Tokens were available to GT holders, distributed 300,000 USDT worth of rewards and burnt 1,200,000 USDT worth of GT.



The following data is about the circulating supply of GT.
Total supply: 300,000,000
Amount of tokens burned: 111,741,999.4548 (click here to check out the details)
Current circulating supply: 188,258,000.5452 (total supply-burned amount)
Actual circulating supply: 158,258,000.5452 (current circ.supply-stored amount )
Stored amount (30,000,000 in total) includes:
GT Safety and Law Fund: 30,000,000(click here to check out the details)


Competing Vote Campaign

Gate.io provides users with a variety of trading services for blockchain assets. To empower our community and enable them to participate in the process of listing new coins, Gate.io has implemented a new feature called "listing vote".

In each competing listing vote, participants can vote for their preferred project amongst the two that are competing. The project with the majority of the votes will be listed on Gate.io. All voters, regardless of which project they voted for, are eligible for an airdrop of the winning project’s token according to the ratio of the total votes that they cast.


We have held 13 Competing Vote Campaigns in the first half of 2020. A total of 686,800 USDT worth of listed tokens were available to GT holders. The community showed great interest in the voting activities, surpassing 30,000 participants.



Single Listing Vote

We have held 7 Single Listing Votes in the first half of 2020. A total of 169,000 USDT worth of listed tokens was provided for users. Users were enthusiastic about the votes, and consequently, there were altogether over 13,000 users participating.



Gate.io provides users with a variety of blockchain assets trading services. To involve a higher number of users in the process of expanding our list of coins, Gate.io has implemented a new feature called "single listing vote", offering even more opportunities to launch high-quality projects.

In each single listing vote, participants can vote for the project. In every single listing vote, the tokens of the project will be listed on Gate.io. 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.


Startup IEO

Gate.io’s Startup IEO has won the favor of the community ever since its launch with an excellent performance of average IEO returns. According to CryptoRank, a crypto-rating website, the yield rate of Gate.io’s Startup IEO projects ranks third in the world as of July 25th, 2020, with the highest yield rate being 971.53% and a current average yield rate of 159.98%.

We have held 2 Startup IEOs in the first half of 2020. A total of 8,009,940 USDT profits (currently) has been reaped by the participants, with an annual interest rate of up to 64%.



*Note: annual interest rate is calculated based on an average of 50,000,000 GT participating each event, with an average price of 0.5 USDT.

Currently, we are actively seeking cooperation with hundreds of professional teams around the world in an attempt to provide more Vote and Startup IEO campaigns of high quality projects. Please stay tuned!


Lock-up & Earn of Mainstream Tokens

We have held 7 rounds of the 7th-Anniversary Lock-up & Earn of Mainstream Tokens in the first half of 2020. Positions are valued at a total of over 10,000,000 USDT, with an annual interest rate of 10%, and a total of 86,691.10 USDT profits have been distributed to the participants.



Gate.io VIPs and GT holders have special privileges in this event. During the first 10 minutes of the event, users need to be VIP 3 and above to participate. The purchase limit is calculated taking into consideration the users' GT holdings. After the first 10 minutes of the event, there are no VIP or GT holding requirements for participants. Please note, however, that the available positions can be taken within the first 10 minutes.

Gate.io will keep improving and providing better services to all of our users in the second half of 2020. GT holders are welcome to submit tickets with feedback and ideas on GT’s development and features they’d like to see implemented!


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Gate.io
July 30, 2020
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