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Gate.io Single Listing Vote #7 – Ampleforth

2020-07-26 12:17:44Read:35669

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 "single listing vote", offering even more opportunities to launch high-quality projects.

In each single listing vote, participants can vote for the project. In this single listing vote, the tokens of the project 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.

1. Duration: 02:00 AM GMT July 27th, 2020 – 6:00 AM GMT July 27th, 2020
2. Airdrop Amount: Once Ampleforth gets 10 million votes, the trading service of AMPL will be available on Gate.io. Each voter has a chance of sharing 5,000 AMPL airdrop as per the Single Listing Vote Scheme.
3.Participate in the Listing Vote at: https://www.gate.io/poll/votelist/27


Introduction to Ampleforth

1. Project Introduction
Ampleforth is a new synthetic commodity and the Ampleforth protocol will produce a step-function-like volatility fingerprint that is distinct from existing synthetics.

Official Website:https://www.ampleforth.org/
Link to Whitepaper:https://drive.google.com/file/d/1I-NmSnQ6E7wY1nyouuf-GuDdJWNCnJWl/view

2. Token Information

AMPL is a cryptocurrency like Bitcoin, but with a twist: supply changes daily.
- The number of AMPL you own can change each day
- But you can never be diluted by supply inflation
- This Solves The Inelasticity Problem
-This Solves The Diversification Problem

(1) Token symbol: AMPL

(2) Total supply: 531,720,000

(3) Current Circ. Supply: 237,295,000

(4) Token allocation:

Team & Advisors: 25.0%
Eco: 23.2%
Treasury: 20.0%
Seed Investors: 18.5%
IEO: 10.0%
Series A Investors: 3.3%

(5) Token release schedule
Eco: The eco fund will linearly unlock starting from today for the next 19 months.
Seed Investors: Seed investors are locked for an additional 6 months after listing with a 12 month linear unlock (18 months until full total unlock).
Series A Investors: Series A investors are locked for an additional 3 months after listing with a 12 month linear unlock.
IEO: Institutional round participants have 50% immediate liquidity and a 50% lock-up (to be distributed in 16.67% tranches in months 4, 5 and 6 from listing date). Retail round participants had 100% liquidity.
Team: Four-year vesting schedules with one-year cliffs. For already vested tokens (prior to listing date), the team agreed to an additional 7 month lock-up with 12 month linear unlock.
Advisors: Same lock-up as team mentioned above (7 months locked with 12 month linear unlock).
Treasury: The treasury will not be unlocked until the 18th month after listing.

3. Deposit AMPL at: https://www.gate.io/myaccount/deposit/AMPL

4.Hint: Based on the AMPL smart contract eventlog, Gate.io will rebase(update) the user's AMPL balances during 1:30-2:30 UTC during which the trading will be paused and the deposit amount will be updated.

Single 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 real-name participant can vote with his GT for the project.
4. In this listing vote, when the project gets 10 million votes, the tokens will be listed.
5. After the listing vote, all voters will be rewarded with an airdrop of the tokens. Meanwhile, the time for trading, withdrawal, and deposit of the tokens 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 the project receives 10 million votes, the token will be airdropped. All voters will win the token. 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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