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Gate.io Listing Vote #50-Sylo(SYLO)

2020-10-16 05:42:43 UTCRead:48708

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 19th October 04:00 AM—20th October 02:00 AM

2. Voting and Listing Rules:

Gate.io will list SYLO_USDT pair if Sylo gets 10 million votes in the voting round. And all users who vote in this round will share a portion of the 8,000,000 SYLO airdrop reward pool.

To vote, please visit: https://www.gate.io/poll/votelist/58
Deposit SYLO at https://www.gate.io/myaccount/deposit/SYLO

Project Introduction

(1) Brief Introduction
Sylo is an eco made up of digital consumer wallet software, applications, infrastructure & developer tools to usher in a world of Smart Money.

(2) Website:https://www.sylo.io/

Token Information

Token Introduction:First, a cryptographic handshake is performed between the payer and payee. Following a successful handshake, any number of payment tickets can then be exchanged. Each payment ticket has a probability to win a payment. While tickets are never guaranteed to win, as more tickets are exchanged, the expected payout approaches the value of a winning ticket, multiplied by the probability of winning. This is all handled automatically in the Sylo Smart Wallet app. The probabilistic payment allows a service to process payments from many users at the same time, with each user expected to broadcast many payments per second. The actual number of transactions that occur on-chain is to be minimised as much as possible.
(1) Token symbol:SYLO
(2) Total supply:10,000,000,000
(3) Token allocation:
25% Sylo Protocol:
PLATFORM TOKENS, This allocation is set aside for further development of the Sylo Network, the Sylo Smart Wallet, DApps and other platform initiatives.
12.5% Token Generating Event:
LOCKED, These tokens were allocated to token buyers during the Sylo Project’s 2018 TGE. These tokens are currently locked, becoming available to buyers in January 2021.
22.5% DN 3010:
LOCKED, These tokens were allocated to DN 3010 Ltd, the original creator of the Sylo Protocol and the Sylo Applications. These tokens are locked until October 2020.
10% Team/Dev Allocation:
LOCKED, Allocation to ensure core Sylo contributors are incentivised to further the project for years to come.50% will be allocated in October 2020 then 25% in each of October 2021, and 2022.
20% Token Generating Event:
UNLOCKED, These tokens were allocated to token buyers during the Sylo Project’s 2018 TGE. These tokens are unlocked and make up the Sylo tokens total circulating supply.
10% Platform Incentivisation:
PHASED RELEASE, Tokens allocated to incentivising adoption of the network. These tokens are to be released over time for platform growth initiatives to benefit the network and community.
Gate.io Listing Vote Scheme (added 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: GT only. 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 subtracted 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 the voting has ended, we will distribute a reward to voters and we will announce when trading, withdrawal, and deposits are enabled.

7. Reward and payment calculation:
(1)Airdrop currency: Airdrop reward of the winning project will be distributed after the voting has ended。
Example: For a voting of project A , if Sean supports project A and votes for it, Sean would be qualified to buy a certain amount of project A at the price for voters as the airdrop reward for voting.
(2) Airdrop reward: After voting, the valid participant is qualified for buying a certain amount of winning project tokens based on the ratio his/her votes is to the total votes.
account eligible airdrop token amount = votes of the account ÷ total votes X total airdrop tokens for the vote
(3) Payment deduction: after the vote has ended, the reward tokens to be allocated to each voter’s account will be calculated and the payment USDT will be deducted automatically.
Account payment deduction=account eligible airdrop token amount X token price for voter
8. GT burning: to add more channels to burn GT and enhance GT value, the USDT collected from voters will be used to buyback and burn GT.

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

Gate.io is an established exchange of integrity, transparency and fairness. We charge zero listing fee and only choose quality and promising projects. We keep improving and innovating to return our users support.
Get 30% commission from referrals at https://www.gate.io/myaccount/myreferrals

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

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Gate.io Team
October 16th, 2020
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