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Gate.io Listing Vote #15 – Kin VS dKargo

2020-08-04 21:24:19Read:51855

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.

Based on the feedback of our users, we're now introducing a new Listing Vote Scheme where voters participating in each vote have to pay a bit USDT for the airdrop benefit. The USDT amount deducted from voters will be used to buy back and burn GT. The voting price required by voters will be presented on the voting page and the money will be deducted within two hours after the vote. Voters should make sure the USDT balance is sufficient on their account, or the they might fail to claim their airdrop benefit.

In each listing vote, participants can vote for two quality projects. The project with the majority of the votes will get the chance to be listed on Gate.io at the first place. And its counterpart project will also get listed at a later period following the winner's listing. All voters, regardless of which project they voted for, can win an airdrop of the tokens of the two projects according to the ratio of the votes they contributed in total.

1. Duration: 04:00 AM GMT August 5, 2020 – 02:00 AM GMT August 6, 2020

2. Airdrop Amount:
(1)If Kin becomes the winner, the trading service of KIN will be available on Gate.io at the first place. Voters can share a 7,570,000,000 KIN airdrop and a 954,198.48 DKA airdrop as per the Listing Vote Scheme.
(2)If dKargo becomes the winner, the trading service of DKA will be available on Gate.io at the first place. Voters can share a 7,570,000,000 KIN airdrop and a 954,198.48 DKA airdrop as per the Listing Vote Scheme.

3. Participate in the Listing Vote at: https://www.gate.io/poll/votelist/29


Introduction to Kin



1. Project Introduction
The Kin blockchain is consumer-grade and built to scale for mass usage. Tailored for mainstream consumers, the Kin blockchain handles millions of requests per day and currently processes over 99% of transactions in under 10 seconds. In order to ensure a consumer-grade product that caters to security, privacy, and data reliability, the Kin blockchain rests on a decentralized network architecture.

Official website: https://www.kin.org/
Link to Whitepaper: https://www.kin.org/static/files/Kin_Whitepaper_V1_English.pdf

2. Token Information
Kin is used as a medium of exchange by millions of people across an eco of over 50 mainstream mobile applications. Kin enables content creators and users to earn real value for their time online to access an array of digital services and experiences created by the Kin Eco. The Kin Eco is a network of both indie and large mainstream consumer facing applications. Developers join the Kin eco by integrating Kin natively within their respective application, enabling their users to tip, access content or utilize a premium feature in exchange for Kin. In doing so, app developers earn a new source of revenue through the Kin Rewards Engine which pays them out a daily incentive.

(1) Token Symbol: KIN

(2) Total Supply: 10 trillion

(3) Current Circ. Supply: 1,518,114,145,968 KIN (24,973,740,276 billion)

(4) Token Allocation
Pre-sale & public sale: 10%
Kik Interactive Inc.,: 30%
Kin Foundation: 60%; To date, the Kin Foundation has distributed Kin in five ways: (1)The Kin Rewards Engine, (2) Developer Grants, (3) User Grants, (4) Node Incentives, and (5) Marketing and Operations.

(5) Token Release Schedule
In the Kin Whitepaper it was stated that the Kin Foundation’s allocation of Kin would vest at a rate of 20 percent of the remaining supply per year in perpetuity. After launch it was determined that this rate of vesting should be recalibrated to eliminate any carryover year to year. This means that each year, any Reserves that were available for distribution but not allocated are added back to the total Reserve supply. The Kin available for distribution in the following year is then limited to 20% of the current Reserves. Annual Allocation = (Opening Kin Reserves Balance for 20XX) x (20%). On an annual basis, the Kin Foundation develops a 12 month budget for allocation of the Kin Reserves. The budget is derived from the available Kin Reserves under the revised vesting policy. This available Kin is then allocated across the five buckets of distribution based on the strategic objectives of the eco. The budget is revisited at each of the intervening quarters to recalibrate if necessary.

(6) Token Price
$98.5 million was raised in both a private and public sale. The public sale occurred from September 12th to September 26th, 2017.

(7) Inflation Rules:

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


Introduction to dKargo



1. Project Introduction
As a blockchain-based logistics protocol, dKargo aims to address challenges that hinder collaboration in the logistics industry and build a new type of an efficient logistics network. dKargo aims to enable participants to use credible and generally standardized data on a blockchain-based public ledger. Furthermore, dKargo has a reward where participants can contribute to building a more efficient logistics network by providing logistics services and uploading data, and in return, they can earn additional incentives. With flagship partner KakaoPay Express, a logistics service provider from Kakao, dKargo aspires to provide efficient logistics services where everyone, including users, logistics service providers, and consignees, can gain greater benefits.

Official website: https://dkargo.io/
Link to Whitepaper: https://dkargo.io/resources/dkargo_wp_en_new.pdf

2. Token Information
DKA is a utility token that supports overall eco of dKargo’s platform. Below are 3 types of DKA usage.
1)DKA reward is to induce voluntary actions of participants to contribute logistics data which can help improve the overall platform.
2)Logistics service providers are required to stake certain amount of DKA tokens in order to participate in the platform and to ensure to provide reliable logistics services customer reviews on logistics service, which lays the groundwork for dKargo to provide best logistics service.
3)DKA also serves as an alternative payment method within the eco along with other existing way of payments and currencies

(1) Token Symbol: DKA

(2) Total Supply: 5,000,000,000 DKA

(3) Current Circ. Supply: 200,000,000 DKA (MAX.)

(4) Token Allocation
Token Sale 20%
Marketing 15%(inluding Upbit indonesia Price Survey 0.2%)
Reserve 22%
Eco 15%
Partner 15%
Team&Advisor 13%

(5) Token Release Schedule
Unlock starting from 4th June, 2020 (2.2% of total supply); have a unlock period of 60 months.

(6) Token Price
Seed round: 0.01 USD
Private round: 0.02 USD
Price Survey(IEO): 0.02 USD

(7) Inflation Rules:

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


Listing Vote Scheme (with GT buyback and burn included)



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.After the vote begins, the voting prices of both project will be presented on the voting page; once the voter confirms his vote, he has to pay based on the airdrop amount he wins, and the money will be automatically deducted within two hours after the vote. Voters should make sure the USDT balance is sufficient on their account, or the they might fail to claim their airdrop benefit.

5. 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.

6. After the listing vote, all voters will be rewarded with an airdrop of the tokens of the two projects. Meanwhile, Gate.io will enable the trading service of the winning project on the day the vote ends; and the trading service of the project that fails in the vote will be enabled one day later.

7. Airdrop reward and voting cost:
1) Airdrop token: The tokens of both projects would be airdropped after the vote.

For example, there are project A and project B competing against each other during the vote compaign. User X supports project A, and User Y supports project B. After the vote, User X and User Y are eligible to win an airdrop of the tokens of the two projects, and they have to pay a bit of USDT for the airdrop benefit.

2) Airdrop reward: After this listing vote, the tokens of the two projects will be airdropped. All voters will win the token regardless of which project they voted for. The airdrop of the tokens will be ratioed according to how many votes of the voter account for the votes in total. The airdrop amount each voter can obtain for each project is calculated as follows:
Votes casted by the voter for the project÷total votes received by both projects×airdrop amount of the project

3)Amount deduction: After each vote, Gate.io will calculate the airdrop amount each voter wins for each project, and automatically make a deduction (in USDT) based on the following formula:
Airdrop amount each voter wins for the project×vote price of the project toekn

8. The GT buyback and burning would be applied to our Listing Vote campaigns from now on. Gate.io is adopting this approach as apart of its efforts to facilitate the value of GT; all USDT made from the deductions will be used to buy back and burn GT.

9.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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Gate.io
Aug 04, 2020


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