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Gate.io Launches Single Listing Vote #5 – Cartesi

2020-07-15 16:11:56Read:52499

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 "single listing vote," offering even more opportunities to launch high-quality projects.
In each single listing vote, participants can vote for the project. In this single listing vote, the tokens of the project 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.

1. Duration: 04:00 AM GMT July 20, 2020 – 04:00 AM GMT July 21, 2020
2. Airdrop Amount:
Once Cartesi gets 10 million votes, the trading service of CTSI will be available on Gate.io. Each voter has a chance of sharing a 1,000,000.00 CTSI airdrop as per the Single Listing Vote Scheme.
3.Participate in the Listing Vote at: https://www.gate.io/poll/votelist/25


Introduction to Cartesi


1. Project Introduction

Cartesi is building an operating for dApps. The project enables complex and intensive computations run in a Linux environment, outside the blockchain, without compromising decentralization. Cartesi aims to make dApps significantly more powerful, cost-effective, easier to develop, and portable. The goal is to bring mainstream productivity to developers and a satisfying experience for users.

Official website: https://cartesi.io
Link to Whitepaper: https://cartesi.io/cartesi_whitepaper.pdf
Link to Lightpaper: https://cartesi.io/cartesi_lightpaper_english.pdf

2. Token Information
CTSI
Cartesi aims to bring mainstream scalability and power to decentralized applications through a network of nodes. The CTSI token has been designed to incentivize Cartesi Node operators to engage with the honestly and in an efficient way. It comprises the following use cases:

-Cartesi Core: The Cartesi Core relies on an arbitration mechanism that uses CTSI as collateral to enforce honest behavior;
-Cartesi Side Chain: Users of the Cartesi Side Chain pay for temporary data storage for Cartesi dApps with CTSI. Block generators receive CTSI block rewards and the fees paid by users adding data to the Side Chain;
-Consensus: CTSI is used to participate in the Side Chain's Proof-of-Stake consensus. Miners with the highest stakes have a higher probability of being selected to generate the next block;
-Data Availability Protocol: CTSI will also power a data availability protocol to aid with the transfer of large data blobs used for machine snapshots.

(1) Token symbol: CTSI

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

(3) Current Circ. Supply: 199,408,334

(4) Token allocation:

Public Sale: 10.00%
Seed Sale: 2.00%
Private Sale: 5.00%
Strategic Sale: 0.67%
Team tokens: 15.00%
Advisors tokens: 2.11%
Foundation Reserve: 40.22%
Mining Reserve: 25.00%

(5) Token release schedule
Public Sale: released on April 30, 2020.
Private Sale: 25-month vesting, starting from April 30, 2021 (released every three months).
Strategic Sale: 13-month vesting, starting from April 30, 2020 (released every four months).
Team: 37-month vesting, starting from April 30, 2021 (released every six months).
Advisors: 13-month vesting, starting from April 30, 2021 (released every six months).
Seed Sale: 19-month vesting, starting from April 30, 2021 (released every three months).
Foundation Reserve: 40-month vesting, starting from April 30, 2020 (released every three months).
Mining Reserve: 10-year vesting, starting from February 28, 2021.

(6) Price
Public Sale Token Price: 1CTSI=0.015 USD
Seed Sale Token Price: 1CTSI=0.005 USD
Private Sale Token Price: 1CTSI=0.01 USD
Strategic Sale Token Price: 1CTSI=0.03 USD

(7) Additional issuance

The Cartesi team plans to introduce token inflation for staking rewards in the future, which is yet to be finalized, and not presented in the token release schedule.

Participation in the Cartesi Side Chain and network will be bootstrapped by a limited reserve of reward tokens and encouraged by a controlled inflationary process that awards newly minted tokens in proportion to staked tokens. The reserve awards and inflation will be progressively phased out, as fees paid by the users of side chain services to Node Operators provide all necessary incentives for participation in the staking process.

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

Single 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 vote with his GT for the project.
4. In this listing vote, when the project gets 10 million votes, the tokens will be listed.
5. 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 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)After the project receives 10 million votes, the token will be airdropped. All voters will win the token. 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
July 15, 2020


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