Gate.io is a trading platform that does not charge any listing fees and only lists high quality projects, providing users with a variety of trading services for blockchain assets. To empower our community and enable them to participate in our selection process, we have introduced a new feature called "single listing vote" where users can cast their votes.
In this single listing vote, the tokens of the project will be listed on Gate.io. All voters are eligible for an airdrop of the project's token based on the ratio of the votes they contributed to the number of votes in total.
1. Duration: 09:00 AM GMT August 6th, 2020 – 02:00 AM GMT August 7th, 2020
2. Airdrop Amount:
If Ren gets 10 million votes, the trading service of REN will be available on Gate.io. Each voter will share a 50,000 REN airdrop as per the Single Listing Vote Scheme.
3.Vote Now At: https://www.gate.io/poll/votelist/30
Introduction to Ren
1. Project Introduction
Ren is an eco for building, deploying, and running general purpose, privacy preserving, applications using zkSNARK and their newly developed secure multiparty computation protocol. It makes it possible for any kind of application to run in a decentralized, trustless, and fault tolerant environment similar to blockchains but with the distinguishing feature that all application inputs, outputs, and state, remain a secret even to the participants running the network. Ren will initially focus on supporting three core components to advance the state of private decentralized finance, and to provide a standard economic layer for future applications.
Official website: https://renproject.io/
Link to Republic Protocol’s Whitepaper: https://republicprotocol.github.io/whitepaper/republic-whitepaper.pdf
Link to Lightpaper: https://renproject.io/litepaper.pdf
2. Token Information
The REN token is used as a bond to run a Darknode, which powers the sMPC network (RenVM).
(1) Token symbol: REN
(2) Total supply: 1,000,000,000 REN
(3) Current Circ. Supply: 868,140,654 REN
3.Deposit REN at: https://www.gate.io/myaccount/deposit/REN
Single Listing Vote Scheme
1.Participants: Every GT holder can participate, 1 GT=1 vote
2.Vote allocation: The votes will be calculated based on the participant's average 14-day GT holding within two hours after the listing vote ends. Thus, please don’t make any changes to your GT holding before the votes have been counted.
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 (14000GT/14 days)=1000GT and he will have 1000 votes.
3. Only users that have passed their KYC verification can vote..
4. Ren tokens will be listed if the project gets 10 million votes.
5. After the listing vote, all voters will be rewarded with the project's airdrop and the date of the token's trading, withdrawal, and deposit support will be announced.
6.The return of GT and holding requirements: after the listing vote, the voters' GT will be returned to their accounts. The GT holdings of the voters 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: After the project receives 10 million votes, voters will share a 50,000 REN airdropped . based on the ration of their votes to the total votes cast..
Cheating: If anyone is caught trying to cheat by our or reported by other users then their votes will not count and they. They will be banned from participating in future votes if more than three cheating records have been registered.
Gate.io reserves the final right to interpret this activity.