Gate.io Voting for Listing #46-Zcoin（XZC）
Gate.io Voting for Listing #46-Zcoin（XZC）
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.
Voting Period: From 12th October 04:00 AM — 13th October 02:00 AM
2. Voting and Listing Rules:
Gate.io will list XZC_USDT pair if Decentralized Vulnerability Platform gets 10 million votes in the voting round. And all users who vote in this round will share a portion from the 1,000 XZC airdrop reward pool.
(1) Brief Introduction
Zcoin strives to increase individual liberty. By guaranteeing financial privacy, Zcoin can help ensure freedom of commerce. Although there are many anonymity solutions out there for cryptocurrencies, it is Zcoin’s aim in providing the strongest level of anonymity that is possible without sacrificing usability, the auditability of our coin supply and relying on well established cryptographic protocols.
Token Introduction：Zcoin follows the same halving cycle as Bitcoin (every 4 years).It was originally planned that 20% of Zcoins (10 XZC per block) in the first 4 years will be distributed to the Founders’ Reward which is equivalent to 10% of total supply. The Founders’ Reward consists of Poramin Insom (lead dev and Founder) (4%), seed investors (12%) and the team wallet (4%). However upon the launch of Znodes, the Founders and the team have agreed to reduce this to 14% of the block reward: 2% Poramin Insom, seed investors (6%) and team wallet (6%).
After the first 4 years and at the first halving expected in September 2020, the 12.5 XZC block reward will be divided as follows:
Miners (50%, 6.25 XZC)
Znodes (34%, 4.375 XZC )
Development Fund (15%, 1.875XZC)
(1) Token symbol：XZC
(2) Total supply：21,400,000
Gate.io Vote for Listing (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 subtract 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 winner project will be distributed after voting.
Example: For a voting of project A, if Sean supports project A and vote 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 qualifying for buying a certain amount of winner 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 voting
(3) Payment deduction: after voting, the tokens distribution to each account will be calculated and the payment USDT will be deducted automatically.
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.
（1） Cheating: If any account 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.
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
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October 12th, 2020