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Gate.io Listing Vote #9 - Hive VS Steem

2020-04-27 15:03:16Read:66084

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. However, in this listing vote, the tokens of both projects will be listed on Gate.io. All voters, regardless of which project they voted for, 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: UTC 05:00 April 28- UTC 05:00 April 29, 2020

2. Airdrop Amount:

(1)The trading service of both HIVE and Steem will be available on Gate.io. Each voter has a chance of sharing 30,000 GT airdrop as per the Listing Vote Scheme.

3. Participate in the Listing Vote at: https://www.gate.io/poll/votelist/13

Introduction to Hive



1. Project Introduction

Hive is an open-source blockchain, forged in years of development to bring Web 3.0 to the world. With a diverse community of stakeholders and without controlling bad actors, individuals can experience true ownership in a decentralised blockchain & cryptocurrency.

Official website: https://hive.io/
Official announcement: https://steempeak.com/communityfork/@hiveio/announcing-the-launch-of-hive-blockchain

2. Token information

1) HIVE
Hive is a blockchain platform that was created as a hard fork of the Steem blockchain. The main factor that contributed to the creation of the Hive fork was to avoid the influence of Steemit Inc on the Steem blockchain. Regular holders of STEEM tokens were credited with an equal amount of HIVE tokens, and the functionality of the Hive platform is almost identical to that of Steem.

(1) Token Symbol: HIVE
(2) Total Supply: 362,138,781
(3) Token Release:
HIVE tokens are distributed at a ratio of 1 STEEM = 1 HIVE
(4) Inflation Rules: Non-inflationary

Please note that as the hard fork of STEEM, HIVE has different rules for token allocation and release. Therefore, users should be cautious about its market risks.

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


Introduction to STEEM




1. Project Introduction

Steem is a blockchain database that supports community building and social interaction with cryptocurrency rewards. Steem combines concepts from social media with lessons learned from building cryptocurrencies and their communities. An important key to inspiring participation in any community, currency or free market economy is a fair accounting that consistently reflects each person’s contribution. Steem is the first cryptocurrency that attempts to accurately and transparently reward an unbounded number of individuals who make subjective contributions to its community.

Official Website: https://steem.com/
Whitepaper: https://steem.com/wp-content/uploads/2018/10/steem-whitepaper.pdf

2. Token Information

(1) Token Symbol: STEEM
(2) Total Supply: 273,971,119
(3) Current Circ. Supply: 367,154,634 STEEM
(4) Token Allocation: 75% go to fund the reward pool, which is split between authors and curators. Another 15% of the new tokens are awarded to holders of SP. The remaining 10% pays for the witnesses to power the blockchain

(5) Token Price: 1 STEEM = $0.181814 USD
(6) Additional Issuance: The annual inflation rate is 9.5%. The inflation rate decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation will continue decreasing at this pace until the overall inflation rate reaches 0.95%. This will take about 20.5 years from the time hard fork 16 went into effect.

(7) Token Release:
- Curation rewards: 1 STEEM per block or 3.875% per year, whichever is greater
- Content Creation rewards: 1 STEEM per block or 3.875% per year, whichever is greater
- Block production rewards: 1 STEEM per block or 0.750% per year, whichever is greater
- POW inclusion rewards before block 864,000: 1 STEEM per block (awarded as 21 STEEM per round)
- POW inclusion rewards after block 864,000: 0.0476 STEEM per block (awarded as 1 STEEM per round) or 0.750% per year, whichever is greater.
- Liquidity rewards: 1 STEEM per block (awarded as 1200 STEEM per hour) or 0.750% per year, whichever is greater
- Mining algorithm (PoW)

3. Deposit STEEM

Deposit STEEM at: https://www.gate.io/myaccount/deposit/STEEM

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 only vote with his GT and for one of the projects.

4. In this listing vote, the tokens of both projects will be listed.

5. After the listing vote, all voters will be rewarded with an airdrop of the tokens of both projects. 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)Among the top 1000 voters, 10 voters will be randomly selected whose VIP levels will be upgraded by 3 tiers.

(2)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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Gate.io
April 27, 2020
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