During the activity period, Gate.io will launch a voting event “Rise or Drop Event: Bull/Bear Prediction Voting” . Users can cast their votes on the bull or bear side according to their prediction of the future market. 1 GT=1 Vote.
Listing Vote Scheme
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.
After the vote, if BTC has a 15% increase in the next week _6.09-6.16_, the bull prediction vote will win_ if there is a decline of 12% or more, the bear prediction vote will win_ in other cases, it will be a tie.
Bull/Bear Win: 100 random people from the winning side will be rewarded with $10 Gate.io Points.
Tie: 50 members from each side _100 in total_ will be given $10 Gate.io Points.
The higher the number of votes, the higher the chance of being picked.