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Gate.io Listing Vote #17 – Cocos-BCX VS Troy Trade

2020-08-17 10:24:39Read:34333

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.

Based on the feedback of our users, we have introduced a new Listing Vote Scheme where voters participating in each vote have to pay a bit USDT for the airdrop benefit. The USDT amount deducted from voters will be used to buy back and burn GT. The voting price required by voters will be presented on the voting page and the money will be deducted within two hours after the vote. Voters should make sure the USDT balance is sufficient on their account, or they might fail to claim their airdrop benefit.

In each listing vote, participants can vote for two quality projects. The project with the majority of the votes will get the chance to be listed on Gate.io at the first place. And its counterpart project will also get listed at a later period following the winner's listing. 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: 04:00 AM GMT August 17th, 2020 – 02:00 AM GMT August 18th, 2020

2. Airdrop Amount:
(1)If Cocos-BCX becomes the winner, the trading service of COCOS will be available on Gate.io at the first place. Voters can share a 109,090,909.10 COCOS airdrop and a 7,462,686.57 TROY airdrop as per the Listing Vote Scheme.
(2)If Troy Trade becomes the winner, the trading service of TROY will be available on Gate.io at the first place. Voters can share a 109,090,909.10 COCOS airdrop and a 7,462,686.57 TROY airdrop as per the Listing Vote Scheme.

3. Participate in the Listing Vote at: https://www.gate.io/poll/votelist/35

4. Deposit address
Deposit COCOS at: https://www.gate.io/myaccount/deposit/COCOS

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

Introduction to Cocos-BCX


1. Project Introduction
Cocos BlockChain Expedition (or “Cocos-BCX”) is a full-stack operating and developing environment for decentralized games. We provide developers a high-caliber blockchain systesm, an integrated development environment and asset standards, all customized for gaming. Our team developed Cocos-2dx, the No.1 open-source game engine with 1.4 million registered developers worldwide.
Official website: https://www.cocosbcx.io/
Link to Whitepaper: https://www.cocosbcx.io/static/Whitepaper_zh.pdf

2. Token Information

(1) Token Symbol: COCOS

(2) Total Supply: 100 Billion

(3) Current Circ. Supply: 24,973,740,276

(4) Token Allocation:
Eco Marketing and Promotion Incentive: 7.60%
Eco Partner Incentive: 10.00%
Advisor Incentive: 4.00%
Foundation Operation Funds: 9.00%
Donator Incentive: 22.4%
DPoS Consensus & Council Reward: 30.00%
Technical Team Incentive: 17.00%

(5) Token Release Schedule
Eco Marketing and Promotion Incentive: 7.60%; the reward will be unlocked and distributed quarterly within 10 years. Foundation will allocate and set further look policies when needed.

Eco Partner Incentive: 10.00%; 2% of the total tokens is unlocked after the token generation and are used for eco-partner incentives before launching the mainnet. The rest of the reward will be unlocked and distributed quarterly 1 month later and within 5 years.

Advisor Incentive: 4.00%; the allocated portion will be unlocked and distributed within 3 years, while the unallocated portion to be reserved, unlocked and distributed 25% of the reward every 6 months in 2 years.

Foundation Operation Funds: 9.00%; 1.5% of the total tokens will be unlocked and distributed after the token generation, the rest of the reward will be unlocked and distributed quarterly for the next 5 years.

Donator Incentive: 22.4%; 55% of the reward will be unlocked and distributed for the first distribution, 25% for 6 months later, and 20% for one year later.

DPoS Consensus & Council Reward: 30.00%; the reward will be unlocked and distributed to the block-producing node, candidate, council member within 10 years based on the block production and reward cycle. As the economic of the main chain is still under discussion, Cocox-BCX intends to award the block-producing nodes and the council each year with no more than 3% of the total tokens within 10 years.

Technical Team Incentive: 17.00%; the core members (including the Founder): the reward will be unlocked and distributed in 3 years after the token generation, with 1/3 to be issued by the end of each year.
Team members: the reward will be unlocked and distributed in 2 years after the token generation, with 1/2 to be issued by the end of each year.
Undistributed part: reserved for future team members. The reward will be unlocked and distributed in 3 years after the token generation, with 1/3 to be issued by the end of each year.

(6) Token Price
Private Sale 1:$0.0013
Private Sale 2:$0.0023

(7) Inflation Rules:
Fixed total supply

Introduction to Troy Trade


1. Project Introduction
Troy Trade is a global prime broker specialized in crypto asset trading and asset management. We provide crypto brokerage services for institutional-grade capital and professional traders with revolutionary trading products.

Official website: https://www.troytrade.com
Link to Whitepaper: https://www.troytrade.com/troy/Troy_Overview.pdf

2. Token Information
The TROY utility token allows accessing features in Troy Trade and can, furthermore, be staked to maintain global broker-to-broker networks. TROY is burnt dynamically by rebalancing supply and demand.

(1) Token Symbol: TROY

(2) Total Supply: 10,000,000,000

(3) Current Circ. Supply: 3,875,000,000

(4) Token Allocation
Private Sale tokens comprise 12.00% of the total token supply.
Binance Launchpad Sale tokens comprise 8.00% of the total token supply.
Team & Advisors tokens comprise 10.00% of the total token supply.
Eco tokens comprise 10.00% of the total token supply.
Mining Rewards tokens comprise 60.00% of the total token supply.

(5) Token Release Schedule
IEO:No Lockup
Private Sale: 20% of public presale round will be unlocked prior to listing, the remaining 80% will be distributed at the rate of 30%,20%,30% within 3 months, 6 months and 9 months.
Team & Advisors: Linear Vesting in 24 months, 12.5% unlocked each quarter
Eco: Linear Vesting in 24 months, 12.5% unlocked each quarter
Mining Rewards: Linear Vesting in 50 months, 2% unlocked each months after 3 months since listing

(6) Token Price
Private Round Price:$0.007 USDT
IEO Round Price:$0.005 USDT

(7) Inflation Rules:
No Inflation

Listing Vote Scheme (with GT buyback and burn included)


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. When the vote begins, the voting prices of both project will be presented on the voting page; once the voter confirms his vote, he has to pay based on the airdrop amount he wins, and the money will be automatically deducted within two hours after the vote. Voters should make sure the USDT balance is sufficient on their account, or they might fail to claim their airdrop benefit.

5. 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.

6. After the listing vote, all voters will be rewarded with an airdrop of the tokens of the two projects. Meanwhile, Gate.io will enable the trading service of the winning project on the day the vote ends; and the trading service of the project that fails in the vote will be enabled one day later.

7. Airdrop reward and voting cost:
1) Airdrop token: The tokens of both projects would be airdropped after the vote.

For example, there are project A and project B competing against each other during the vote campaign. User X supports project A, and User Y supports project B. After the vote, User X and User Y are eligible to win an airdrop of the tokens of the two projects, and they have to pay a bit of USDT for the airdrop benefit.

2) Airdrop reward: 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 tokens will be ratioed according to how many votes of the voter account for the votes in total. The airdrop amount each voter can obtain for each project is calculated as follows:
Votes casted by the voter for the project÷total votes received by both projects×airdrop amount of the project

3) Amount deduction: After each vote, Gate.io will calculate the airdrop amount each voter wins for each project, and automatically make a deduction (in USDT) based on the following formula:
Airdrop amount each voter wins for the project×vote price of the project token

8. The GT buyback and burning would be applied to our Listing Vote campaigns from now on. Gate.io is adopting this approach as part of its efforts to facilitate the value of GT; all USDT made from the deductions will be used to buy back and burn GT.

9.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.
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Gate.io
Aug. 17, 2020

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