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Gate.io Listing Vote #54-hyve(HYVE)

2020-10-26 11:04:22Read:16143

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 26th October 04:00 AM—27th October 02:00 AM

2. Voting and Listing Rules:

Gate.io will list the HYVE/USDT trading pair if hyve gets 10 million votes in the voting round. And all users who vote in this round will share a portion of the 400,000 HYVE airdrop reward pool.

To vote, please visit: https://www.gate.io/poll/votelist/63
Deposit HYVE at https://www.gate.io/myaccount/deposit/HYVE

Project Introduction



(1) Brief Introduction
HYVE is a decentralized eco that solves the current problems in the global freelance and workforce market, leveraging the power of decentralized technologies while adding features that are non-existent on any current platform (centralized & decentralized). The result is a community-governed that drastically brings down costs for all parties involved, offers wider flexibility, cuts out the middleman, welcomes the unbanked, provides transparency and ensures safety, all in a decentralized manner while rewarding token holders.

(2) Website:https://hyve.works/

(3) Token symbol:HYVE

Risk Warning: The project was just launched; there are an inadequate amount of circulating tokens. As more tokens entering into circulation, it is likely to impose high pressure on the market. Furthermore, decentralized projects as a whole may have high risks such as contract vulnerabilities, project quick failure, funds being hijacked. It is not recommended for non-professional traders. Please be aware of the risks involved and make investment decisions with caution.Gate.io issue a high risk warning. Always remember, you are solely responsible for your own investment decision. Please fully understand the high risks involved. For detailed token allocation and release, please read https://medium.com/@hyveworks



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.
Formula:
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.
Formula:
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 that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous 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 26st, 2020
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