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Gate.io Listing Vote #41-Morpher(MPH)

2020-09-21 11:42:02Read:43130

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.Voting Schedule:
Voting Period: From 22 September 02:00 AM-- 23 September 02:00 AM UTC

2. Voting and Listing Rules:

Gate.io will list MPH_USDT pair if Morpher gets 10 million votes in the voting round. And all users who vote in this round will share a portion from the 1,750,000 MPH airdrop reward pool.

To vote, please visit: https://www.gate.io/poll/votelist/48
Deposit MPH at https://www.gate.io/myaccount/deposit/MPH

About New Referral Airdrop


This voting activity also has a new referral reward of 10,000 usdt equivalent. For each valid referral, the referee account is eligible for a reward of 10 usdt equivalent crypto currency. And the referrer account is eligible for a reward of 10 usdt equivalent crypto as well. The reward currency is randomly selected, not necessarily the currency of the voting project. To become a valid referee, the account should going through identity verification, make deposit and trades, etc. We will manually check and rule out the cheating accounts to make sure the reward goes to the real referral only .
Get your referral link and start to earn reward now at https://www.gate.io/myaccount/myreferrals


About Morpher Network



Morpher empowers its users to trade stocks, commodities, and currencies with zero fees and infinite liquidity via Virtual Futures on Ethereum.

Visit its website at https://www.morpher.com
White paper:https://www.morpher.com/docs/morpher_whitepaper.pdf


MPH Token


MPH are ERC20 token powering our unique trading platform. All trades on Morpher are created and settled in MPH instead of USD or Bitcoin. Morpher’s currency MPH is staked via its smart contracts on any asset supported by our platform. As the underlying asset gains market value, the smart contract mints new coins to the investor, and if the underlying decreases in value, the staked coins are destroyed proportionally. Morpher token are a naturally solvent currency.

(1)Token symbol: MPH

(2)Total supply: 1,013,438,632
current circulating supply:333,438,632

(3)Token allocation:
460,000,000 Airdrop and Referral Program (locked)
125,000,000 Draper Associates (cold storage)
120,000,000 Locked Treasury in Escrow Contract (locked)
100,000,000 Locked in Morpher Governance Contract (locked)
93,438,632 Morpher Treasury
75,000,000 Morpher Team
40,000,000 Airdrop claimed by 24,000 users

(4)Token price:0.04

(5)Additional issurance
Successful trades mint new MPH token, unsuccessful trades burn MPH token. Every trade burns a small amount of MPH. 0.015% new MPH are minted every day as mining rewards.


Gate.io Listing Vote (add GT buyback and burn)

1. Eligible participants: all the GT holders on Gate.io , 1 GT=1 vote

2. Votes 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.Governance currency: only GT. Every participant going through identity verification can vote based on GT holding.

4. Vote validating: when the voting starts, the voting airdrop price will be marked. When the votes are validated, the voter is qualifying for buying a certain amount of the token at the voting airdrop price based on the ratio of valid votes the voter cast in the total valid votes. The voter should keep enough usdt balance at account as payment to buy the voting airdrop token, which will be subtracted within a period of 2 hours after voting finishing automatically. Inadequate balance will lead to no airdrop tokens.

5. Voting result: If the project gets 10 million votes, the project win and the token will be listed at Gate.io.

6. Voting result announcement: After voting, reward will be distributed to voters and the time for trading, withdrawal, and deposit of the tokens will be posted

7. Reward and payment calculation:
(1)Airdrop currency: Airdrop reward of the winning project will be distributed after voting.
Example: For a voting of project A, if Sean supports project A and votes for it. Sean would be qualifying to buy a certain amount of project A at a certain price as airdrop reward for voting.
(2) Airdrop reward: After voting, the valid participant is qualified for buying a certain amount of winner project tokens based on the ratio his/her votes is to the total votes.
Formula:
account eligible airdrop token amount = votes of the account ÷ total votes X total airdrop tokens for the voting
(3) Payment deduction: after voting, the tokens distribution to each account will be calculated and the payment USDT will be deducted automatically.
Formula:
Account payment deduction=account eligible airdrop token amount X airdrop voting price
8. GT burning: to add more channels to burn GT and enhance GT value, the usdt from the payment in the voting will be used to buyback GT at the market.And all of those GT will be burned afterwards.

9. Others
(1) Cheating: If any account is detected or reported as cheating and is confirmed after our investigation, Gate.io will invalidate the votes of the account. If any account is confirmed as cheating for 3 times, the account will no longer be eligible for the listing vote at Gate.io.

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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Gate.io Team
September 21th 2020

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