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Gate.io Listing Vote #47-Rarible(RARI)

2020-10-13 11:04:49Read:19087

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 13th October 04:00 AM—14th October 02:00 AM

2. Voting and Listing Rules:

Gate.io will list the RARI/USDT trading pair if Rarible gets 10 million votes in the voting round. And all users who vote in this round will share a portion of the 1,000 RARI airdrop reward pool.

To vote, please visit: https://www.gate.io/poll/votelist/54
Deposit RARI at https://www.gate.io/myaccount/deposit/RARI

Project Introduction



(1) Brief Introduction
RARI is the native governance token of the NFT marketplace Rarible, designed to reward active platform users with a voice on the platform's future. RARI has been created to give the Rarible community the power to influence decisions and incentivize active participation.

(2) Website:https://app.rarible.com/rari

Token Information



Token Introduction:The majority (60%) of RARI's total supply is reserved for sellers and buyers on Rarible marketplace. 75,000 tokens are distributed every Monday by 12pm San Francisco time to creators and collectors who made a sale or a purchase on Rarible during the past week. Both buyers and sellers equally receive 50% of the weekly distributed amount.
To kick-start the token launch, we are also conducting a RARI airdrop to all NFT holders out there. 10% of the total RARI supply is distributed among everyone who has purchased NFTs, regardless of the platform they used.
Token symbol:RARI

Gate.io Listing Vote (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 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 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 winning project will be distributed after voting.
Example: For a voting of project A, if Sean supports project A and votes 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 qualified 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 is 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.


About Gate.io
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.

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Gate.io Team
October 13th, 2020
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