Coin Price 24h %

Gate.io Listing Vote #14 – mStable VS yearn.finance

2020-07-29 14:53:57Read:36484

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 this listing vote, participants can vote for two quality projects: mStable and yearn.finance. The project with the majority of the votes will get the chance to be listed on Gate.io at the first place. All voters, regardless of which project they voted for, can win an airdrop of the tokens of the two projects according to the ratio of the votes they contributed in total.

1. Duration: GMT 08:00 July 29th, 2020 – GMT 04:00 July 30th, 2020

2. Airdrop Amount:

(1)If MStable becomes the winner, the trading service of MTA will be available on Gate.io at the first place. Voters can share an airdrop of 2,000 MTA and 5 YFI as per the Listing Vote Scheme.

(2)If yearn.finance becomes the winner, the trading service of YFI will be available on Gate.io at the first place. Voters can share an airdrop of 2,000 MTA and 5 YFI as per the Listing Vote Scheme.

3. Participate in the Listing Vote at:https://www.gate.io/poll/votelist/28

Introduction to mStable



1. Project Introduction

By reducing complexity and fragmentation, mStable is a step-change in the usability of stablecoins. mStable unites stablecoins, lending and swapping into one standard.

Official website: https://mstable.org/

2. Token Information

Meta (MTA)

Meta (MTA) is mStable’s protocol token, which will have three core functions: to act as the ultimate source of re-collateralisation (insurance); to coordinate decentralised governance; and to incentivise the bootstrapping of mStable asset liquidity, utility and a community of Governors.

(1) Token Symbol: Meta (MTA)

(2) Total Supply: 100,000,000 MTA

(3) Current Circ. Supply: 3,422,051 MTA


(4) Token Allocation
Current Investors: 6.5%
?Reserved for future sales & growth: 26.0%
?Reserved for Public Rewards: 20.0%
?Reserved for Institutional Rewards: 5.0%
?Rewards yet to be allocated: 20.0%
?Team, Advisors & Future Team: 22.5%

(5) Token Release Schedule
The distribution of MTA is heavily weighted towards users that contribute to mStable asset liquidity and utility (45% of supply is allocated to rewards).


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


Introduction to yearn.finance




1. Project Introduction

yearn.finance is a liquidity aggregator. The yearn.finance eco consists of the following products; 1) yearn.finance - Profit switching lender to optimize lending yields (live); 2) ytrade.finance - Leveraged stable coin trades (testnet); 3) yliquidate.finance - 0 capital automated liquidations for Aave (testnet); 4) yswap.exchange - Single sided automated market maker (live); and 5) iborrow.finance - Credit delegation vaults for smart contract to smart contract lending (testnet).

Official website: https://yearn.finance/

2. Token information

1) YFI
YFI, the token of yearn.finance, is a completely valueless 0 supply token, as stated in yearn.finance’s official announcement. According to the official statement, YFI has 0 financial value. There is no pre-mine, there is no sale, and users cannot buy it.

(1) Token Symbol: YFI

(2) Total Supply: 30,000 YFI

(3) Current Circ. Supply: 29,839 YFI

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

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 this 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 tokens of both projects. 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)Among the top 1000 voters, 10 voters will be randomly selected whose VIP levels will be upgraded by 3 tiers.

(2)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 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.

Gate.io is a trading platform that does not charge listing fees, only launches quality projects, and provides users with 100% guaranteed and instant deposit-withdrawal services.
Get 30% of all referees' trading fees in the affiliate program at https://www.gate.io/myaccount/myreferrals

Click to Sign up :https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Scan and download at:



Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
Download Gate.io APP:https://www.gate.io/mobileapp
Download Wallet.io (ALL in ONE):https://www.wallet.io/

Follow us and get updated at (Follow as to win bonus)
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram:https://t.me/gate_io
Instagram:https://www.instagram.com/gateioglobal
Medium:https://medium.com/@gateio

Share to: