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Gate.io Listing Vote #5 - LBank VS Ravencoin

2020-03-11 05:51:00 UTCRead:145228

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 encourage a higher amount of users in the listing, Gate.io has officially launched "Listing vote," offering even more channels for launching quality projects.

In each listing vote, participants can vote for two quality projects. The project with the majority of votes will be launched 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 04:00 March 16- UTC 04:00 March 17, 2020

2. Airdrop Amount:
(1)If LBank becomes the winner, the trading service of LBK will be available on Gate.io. Voters can share 2,659,574.46 LBK airdrop as per the Listing Vote Scheme.

(2)If Ravencoin becomes the winner, the trading service of RVN will be available on Gate.io.Voters can share 20,000 GT airdrop as per the Listing Vote Scheme.

3. Participate in the Listing Vote at: https://www.gate.io/poll/votelist/8

Introduction to Lbank

1.Project Introduction
LBank officially went live in October 2016. LBank's vision is to build a ledger bank of the blockchain world based on a world's top digital asset trading platform. It aims at providing safe, professional and convenient digital asset exchange services to users around the world, and offering a wealth of digital asset financial derivatives and a variety of application scenarios.

Official webiste: https://www.lbank.info/
Whitepaper: https://www.lbkex.co/pdf/LBank_Eco_Whitepaper_EN.pdf

2. Token Information

(1) Token Symbol: LBK
(2) Total Supply: 2,000,000,000
(3) Circ. Supply: 340,650,073.73
(4) Token Allocation:
- Genesis node recruit: 240 million, 12%
- Frequent user prior subion: 360 million, 18%
- Public release on the whole network: 600 million, 30%
- Eco establishment: 400 million, 20%
- Team locked section, conditional release after 2 years: 400 million, 20%
(5) Token Price: Exchange ratio: 1 LBK = 0.015 USDT
(6) Additional Issuance: LBK was launched with a total circulation of 2 billion, which will never be issued additionally. The initial issue includes 3 rounds, with a total number of 1.2 billion LBK.
(7) Token Release: LBK's subion for individual users will adopt the principle of "one-time purchase, instant release & step-by-step release", that is, after the subion is completed, the instant part will be released to the subion users' account immediately. In order to ensure that the market price of LBK rises steadily, the remaining part will be locked and released gradually.

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

Introduction to Ravencoin

1. Project Introduction
Ravencoin is a digital peer to peer network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was launched January 3rd, 2018, and is a truly open source project (no ICO or masternodes). It focuses on building a useful technology, with a strong and growing community.

Official Website: https://ravencoin.org/
Whitepaper: https://ravencoin.org/assets/documents/Ravencoin.pdf

2. Token Information
(1) Token Symbol: RVN
(2) Total Supply: 21 Billion
(3) Current Circ. Supply: 5,686,340,000 RVN
(4) Token Allocation: N/A, all the token are mined puiblicly
(5) Token Price: N/A
(6) Additional Issuance: non-inflationary
(7) Token Release:
- The issuance schedule (block reward of 5,000 RVN)
- Block time (1 minute)
- Mining algorithm (X16R)

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

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 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 for 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 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.


(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 fee, only launches quality projects, and provides users with a 100% guarantee and instant deposit-withdrawal services.
Get 30% trading fee in the affiliate program at https://www.gate.io/myaccount/myreferrals

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/

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March 11th, 2019

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