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Gate.io Launches Listing Vote #40 – Phala Network (PHA)

2020-09-09 13:56:42Read:40900

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 number 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 our listing votes, participants can vote for the project at hand. If the project attains the targeted votes after the vote, its tokens 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. Additionally, there will be a referral airdrop event along with the listing vote. Users can win an airdrop of the project token via our referral program.

1. Duration: 02:00 AM GMT September 14th, 2020 – 02:00 AM GMT September 15th, 2020

2. Airdrop Amount:
Once Phala Network gets 10 million votes, the trading service of PHA will be available on Gate.io. Each voter has a chance to share an airdrop of 200,000 PHA.

3. Participate in the Listing Vote at: https://www.gate.io/poll/votelist/47

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

Gate.io Referral Airdrop Program

There will be a referral airdrop event where a total of $20,000 USD worth of random tokens will be distributed as referral rewards. Each newly registered user who takes part in the referral campaign can win a random token airdrop of around $10 USD. The referrer can also win a random token airdrop of around $10 USD. Newly registered users can win the referral airdrop only after they have completed the KYC verification, make a deposit, and conduct a trade. Gate.io will rule out any form of cheating in order to guarantee the benefits of actual well-intended participants.

Get your referral link at https://www.gate.io/myaccount/myreferrals

Introduction to Phala Network

1. Project Introduction
Phala is the first confidential smart contract network built on Substrate, aiming to provide confidential computation and data protection services for enterprises and users. Phala Network would serve the whole Polkadot eco as one of the Polkadot parachains.

Official website: https://phala.network/
Link to Whitepaper: https://files.phala.network/phala-paper.pdf

2. Token Information

(1) Token symbol: PHA

(2) Total supply: 1,000,000,000 PHA

(3) Current Circ. Supply: 137,000,000 PHA

(4) Token allocation
70% for TEE Mining;
9% for Stakedrop and IPO(Initial Parachain Offering);
1% for testnet incentive;
15% for private sale;
5% for developer team

(5) Token release schedule
Private Sale: 60% of this section will be unlocked after mainnet launches, with 20% unlocked every 6 months.
Team: 20% (10,000,000) will be unlocked after Token launched, with 5% unlocked every month

(6) Price
Private sale: 0.01 USDT


(7) Additional issuance
Phala expects an annual inflation rate of 5%

Gate.io 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 vote with his GT for the project.
4. When the vote begins, the voting prices of both projects 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 not be able to claim their airdrop benefit.
5. In this listing vote, when the project gets 10 million votes, the tokens will be listed.
6. 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 announced.
7. Airdrop reward and voting cost:
1) Airdrop token: The tokens of the project will be airdropped after the vote.
For example, project A is participating in the listing vote campaign. User X supports project A and votes for it. After the vote, User X is eligible to win an airdrop of the tokens of the project A, and user X has to pay a bit of USDT for the airdrop benefit.

2) Airdrop reward: After this listing vote, the tokens of the project will be airdropped. All voters will win the token of the project. The airdrop of the tokens will be ratioed according to how many votes of the voter account for the total votes. The airdrop amount each voter can obtain for the project is calculated as follows:
Votes casted by the voter for the project ÷ total votes received by the project × 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 conduct a deduction (in USDT) based on the following formula:
Airdrop amount each voter wins for the project × vote price of the project token
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

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Sep 9, 2020


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