Gate.io is a trading platform that does not charge listing fees, only launches quality projects, and provides users with a variety of blockchain assets trading services. To involve a higher amount of users in the process of expanding our list of coins, Gate.io has implemented a new feature called "listing vote", offering even more opportunities to launch high-quality projects.
In each listing vote, participants can vote for two quality projects. The project with the majority of the votes will be listed on Gate.io. All voters, regardless of which project they voted for, can win an airdrop of the project token according to the ratio of the votes they contributed in total.
1. Duration: 04:00AM GMT July 6, 2020 – 04:00AM GMT July 7, 2020
2. Airdrop Amount:
（1）If Ocean becomes the winner, the trading service of OCEAN will be available on Gate.io. Voters can share a 724,637.6900 OCEAN airdrop as per the Listing Vote Scheme.
（2）If Travala.com becomes the winner, the trading service of AVA will be available on Gate.io. Voters can share a 158,982.5200 AVA airdrop as per the Listing Vote Scheme.
3. Participate in the Listing Vote at: https://www.gate.io/poll/votelist/23
Introduction to Ocean
1. Project Introduction
Ocean Protocol is a decentralized data exchange protocol to unlock data for AI, launched in 2017. Leveraging blockchain technology, Ocean Protocol connects data providers and consumers, allowing data to be shared while guaranteeing traceability, transparency, and trust for all stakeholders involved. It allows data owners to give value to and have control over their data assets without being locked-into any single marketplace.
Official website: https://oceanprotocol.com/
Link to Whitepaper: https://oceanprotocol.com/protocol/#papers
2. Token Information
OCEAN
The OCEAN token design is work in progress. Right now, OCEAN is the means of exchange within the Ocean PoA network - as use cases go into production and get adoption, the need for OCEAN will rise. This is unit-of-exchange token mechanics.
Upcoming in v3, OCEAN will be staked by marketplaces who wish to use add-on Ocean services as well as curators to earn referral rewards. This design allows for work token and discount token mechanics.
In V4, OCEAN must be staked by those wishing to help govern the OceanDAO, the community grants program. Additionally, a portion of the revenue in OCEAN received into the OceanDAO from marketplaces will be burnt to reduce the overall supply. Finally, a portion of the OCEAN network rewards (51% of the supply) may be burnt if the community decides that protocol enhancement proposals are insufficient and don't add enough value.
(1) Token Symbol: OCEAN
(2) Total Supply: 1,410,000,000 OCEAN (1.41 Billion)
(3) Current Circ. Supply: 335,000,000 (335 Million)
(4) Token Allocation
51% Network Rewards
20% Token Acquirors
20% Community Fund
10% Team
(5) Token Release Schedule
Additional tokens are released ad hoc based on community grants, compensation for service partners and market support needs.
(6) Token Price
Seed $0.09
Pre-Launch* $0.23
ICO $0.24*
IEO $0.12
* After the price for the IEO was set at $0.12, Pre-Launch and ICO participants received a top-up of OCEAN to equalize them to the IEO price.
(7) Inflation Rules: N/A
3.Deposit OCEAN at: https://www.gate.io/myaccount/deposit/OCEAN
Introduction to Travala.com
1. Project Introduction
Founded in 2017, Travala.com is the leading cryptocurrency-friendly hotel and accommodation booking service with 2,000,000+ properties in 230 countries. We are a champion of cryptocurrency adoption, accepting over 28 leading cryptocurrencies in addition to traditional payment methods. The Travala.com value proposition is bolstered by AVA. As the native cryptocurrency of the platform, AVA can be used for payments, receiving loyalty rewards, discounts and bonuses, among several other use cases.
Official website: www.travala.com
Link to Whitepaper: https://whitepaper.travala.com/
2. Token Information
AVA
AVA features front-and-centre in our unique selling proposition to users. It can be used as an additional method of payment for bookings, or as the sole payment method for special offers. It can be used for access to enhanced rewards, or directly recouped for the equivalent fiat value on partner exchanges. AVA’s functionality makes it critical to the success of Travala.com. The interplay of AVA use cases is designed to encourage loyalty to the Travala.com platform while increasing distribution and liquidity of the token. https://www.travala.com/ava
(1) Token Symbol: AVA
(2) Total Supply: 61,242,960 AVA
(3) Current Circ. Supply: 38,215,550 AVA
(4) Token Allocation
Team & Advisors – 15%
Private Sale - 10%
Pre-Sale - 10%
Main Sale - 45%
Reserve – 20%
(5) Token Release Schedule
Team & Advisors – released
Private Sale – released
Pre-Sale – released
Main Sale – released
Reserve – future development
(6) Token Price
Private Sale –1 AVA = $0.09
Pre-Sale –1 AVA = $0.10
Main Sale - 1 AVA =$0.11
(7) Inflation Rules: N/A
3.Deposit AVA at: https://www.gate.io/myaccount/deposit/AVA
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.
4. 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.
5. After the listing vote, all voters will be rewarded with an airdrop of the token of the winner. Meanwhile, the time of the commencement of trading, withdrawal, and deposit of the token will be released.
6.The return of GT and holding requirements: after the listing vote, the voter's GT will be returned to his account. The GT holding of the voter should be higher than the number of his votes within two hours after the activity. Otherwise, the number of the votes will be counted based on the real-time GT holding when the vote counting begins.
7.Rewards in the Listing Vote:
（1）After each listing vote, the token of the winner will be airdropped. All voters will win the token regardless of which project they voted for. The airdrop of the token will be ratioed according to how many votes of the voter account for the votes in total.
8.Attention:
（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.
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