Listing Vote Scheme （with GT buyback and burn included_
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.
4. When the vote begins, the voting prices of both project will be presented on the voting page_ once the voter confirms his vote, he has to pay based on the airdrop amount he wins, and the money will be automatically deducted within two hours after the vote. Voters should make sure the USDT balance is sufficient on their account, or they might fail to claim their airdrop benefit.
5. In each listing vote, the project that gets the most votes, wins_ the winner will be the project, which has more supporters, if both projects get the same number of votes.
6. After the listing vote, all voters will be rewarded with an airdrop of the tokens of the two projects. Meanwhile, Gate.io will enable the trading service of the winning project on the day the vote ends_ and the trading service of the project that fails in the vote will be enabled one day later.
7. Airdrop reward and voting cost:
1_ Airdrop token: The tokens of both projects would be airdropped after the vote.
For example, there are project A and project B competing against each other during the vote campaign. User X supports project A, and User Y supports project B. After the vote, User X and User Y are eligible to win an airdrop of the tokens of the two projects, and they have to pay a bit of USDT for the airdrop benefit.
2_ Airdrop reward: After this listing vote, the tokens of the two projects will be airdropped. All voters will win the token regardless of which project they voted for. The airdrop of the tokens will be ratioed according to how many votes of the voter account for the votes in total. The airdrop amount each voter can obtain for each project is calculated as follows:
Votes casted by the voter for the project÷total votes received by both projects×airdrop amount of the project
3_ Amount deduction: After each vote, Gate.io will calculate the airdrop amount each voter wins for each project, and automatically make a deduction _in USDT_ based on the following formula:
Airdrop amount each voter wins for the project×vote price of the project token
8. The GT buyback and burning would be applied to our Listing Vote campaigns from now on. Gate.io is adopting this approach as part of its efforts to facilitate the value of GT_ all USDT made from the deductions will be used to buy back and burn GT.
（1）Cheating: Gate.io will cancel the votes of an account if any cheating is detected or reported by other users and confirmed. The account will no longer be qualified for the listing vote if more than three cheating records have been registered.
Gate.io reserves the final right to interpret this activity.