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Gate.io Voting for Listing #40- Phala Network (PHA)

2020-09-14 10:34:29Read:16788

Gate.io has implemented a new feature called "listing vote," offering even more opportunities to launch high-quality projects.

In our listing votes, participants can vote for the project at hand. If the project attains the targeted votes after the vote, its tokens 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. Additionally, there will be a referral airdrop event along with the listing vote. Users can win an airdrop of the project token via our referral program.


1.Voting Schedule:
Voting Period: From 14 September 2 AM-- 15 September 2AM (voting is underway)

2. Voting and Listing Rules:

Gate.io will list PHA_USDT pair if Phala Network gets 10 million votes in the voting round. And all users who vote in this round will share a portion from the 200,000 PHA airdrop reward pool.

To vote, please visit: https://www.gate.io/poll/votelist/47
Deposit PHA at https://www.gate.io/myaccount/deposit/PHA

About New Referral Airdrop

This voting activity also has a new referral reward of 20,000 usdt equivalent. For each valid referral, the referee account is eligible for a reward of 10 usdt equivalent crypto currency. And the referrer account is eligible for a reward of 10 usdt equivalent crypto as well. The reward currency is randomly selected, not necessarily the currency of the voting project. To become a valid referee, the account should going through identity verification, make deposit and trades, etc. We will manually check and rule out the cheating accounts to make sure the reward goes to the real referral only .
Get your referral link and start to earn reward now at https://www.gate.io/myaccount/myreferrals


About Phala Network

Phala Network is parachain on Polkadot focused on privacy-preserving, which is based on economic incentive model similar to POW. Phala releases the unlimited confidential power in CPU for Polkadot parachains and thus supporting services for DeFi, data service and more applications. Plibra and Web3 Analytics based on Phala have been awarded grant from Web 3 foundation.

Visit its website at https://phala.network/
White paper:https://files.phala.network/phala-paper.pdf


PHA Token

Token symbol: PHA
Total supply: 1 billion
current Circulating supply:0.137 billion
Token distribution:

TEE mining:70%
community airdrop and parachain auction: 9%
testnet incentive: 1%
strategy financing:15%
team: 5%

Token Release
Team: unlock 20% after circulating, And 0.25% per month will be unlocked afterwards
Private funding: unlock 60% of the total after circulating. Another 20% will be unlocked 6 months since circulating and unlock the remaining 20% next another 6 months.

Token price:

Private funding round: :$0.01 USDT

Additional issurance
Inflation rate up to 5% per year



Gate.io Vote for Listing (add GT buyback and burn)

1. Eligible participants: all the GT holders on Gate.io , 1 GT=1 vote

2. Votes 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.Governance currency: only GT. Every participant going through identity verification can vote based on GT holding.

4. Vote validating: when the voting starts, the voting airdrop price will be marked. When the votes are validated, the voter is qualifying for buying a certain amount of the token at the voting airdrop price based on the ratio of valid votes the voter cast in the total valid votes. The voter should keep enough usdt balance at account as payment to buy the voting airdrop token, which will be subtract within a period of 2 hours after voting finishing automatically. Inadequate balance will lead to no airdrop tokens.

5. Voting result: If the project gets 10 million votes, the project win and the token will be listed at Gate.io.

6. Voting result announcement: After voting, reward will be distributed to voters and the time for trading, withdrawal, and deposit of the tokens will be posted

7. Reward and payment calculation:
(1)Airdrop currency: Airdrop reward of the winner project will be distributed after voting.
Example: For a voting of project A, if Sean supports project A and vote for it. Sean would be qualifying to buy a certain amount of project A at a certain price as airdrop reward for voting.
(2) Airdrop reward: After voting, the valid participant is qualifying for buying a certain amount of winner project tokens based on the ratio his/her votes is to the total votes.
Formula:
account eligible airdrop token amount = votes of the account ÷ total votes X total airdrop tokens for the voting
(3) Payment deduction: after voting, the tokens distribution to each account will be calculated and the payment USDT will be deducted automatically.
Formula:
Account payment deduction=account eligible airdrop token amount X airdrop voting price
8. GT burning: to add more channels to burn GT and enhance GT value, the usdt from the payment in the voting will be used to buyback GT at the market.And all of those GT will be burned afterwards.

9. Others
(1) Cheating: If any account detected or reported as cheating and is confirmed after our investigation, Gate.io will invalidate the votes of the account. If any account is confirmed as cheating for 3 times, the account will no longer be eligible for the listing vote at Gate.io.

Gate.io reserves the final right to interpret this activity.


Gate.io is a trading platform that does not charge listing fees, only launches quality projects, and provides users with 100% guaranteed and instant deposit-withdrawal services.
Get 30% of all referees' trading fees in the affiliate program at https://www.gate.io/myaccount/myreferrals

Click to Sign up :https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp



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Gate.io Team
September 14, 2020




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