Gate.io Listing Competition, Kin News, and Transparency

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    Gate.io Listing Competition, Kin News, and Transparency

    Gate.io Listing Competition, Kin News, and Transparency

    It's a bit early for the June newsletter, but here's some exciting news. Voting for the gate.io listing competition starts at 4 AM UTC on June 23rd, this is less than nine hours away! The voting window will last for 24 hours, and the project with the most votes will be listed on gate.io. 

    During the most recent board meeting, the Kin Foundation officially approved a migration to Solana, with 98.6% of the active app developers in favor of the move. Along with these two updates, the Solana Foundation released its first transparency report, addressing a majority of the ambiguities around the SOL token and unlock schedule.

    Gate.io Listing Competition

    The Solana Foundation is proud to announce that the SOL token is featured in the upcoming Gate.io listing competition. The voting competition will start on Tuesday, June 23rd at 4 AM UTC and last 24 hours. $75,000 USD (~β—Ž125,000) will be allocated for Solana voters between a voting reward airdrop and an educational campaign.

    The rules for the voting competition are: 
    1. Log into your Gate account
    2. Hold or acquire Gatechain Token (GT). The number of votes you can have equals the average 14-day GT holding. The user's votes will be calculated based on the average 14-day GT holding within two hours after the listing vote. *Be sure to not make any changes to your GT holding before votes are counted.
    3. Visit Gate.io and vote for Solana (SOL)
     
    Learn More And Vote

    Kin Foundation Board Vote

    On May 22, 2020, Kik Interactive Inc. put forth a proposal to the Kin Ecosystem recommending a migration from the Kin Blockchain to the Solana Blockchain. This migration proposal was in response to the continued growth of the Kin Ecosystem that now has over 3 million Monthly Active Spenders.

    The Kin Foundation held its monthly board meeting on June 15 and voted to accept the Solana grant proposal. The Validatrar Node Operators voted 11-0 in favor of the transition, while the Active App Developers voted 19-2 in favor of the migration. This means that Solana will see all of Kins 3M (and growing) monthly active users join the network. Over the next few weeks, Kin will be releasing its full plan for the migration to the Solana blockchain.

     
    Read The Full Article From Kin

    First Monthly Transparency Report

    As the Solana token user base continues to grow, it is of utmost importance for the Solana Foundation to maintain a high level of transparency with regards to the SOL token. On June 19th the Solana Foundation released the first official transparency report. The report covers, the current state of the supply, supply forecast for 2020, unlock schedule, token activity in the months of April and May, along with all expected token activity in June.

    Thank you to everyone who has supported Solana over the past two years. The protocol depends on the support, evangelism, and adoption of users who care about the future of decentralized finance and marketplaces.

     
    Review The Full Report
    The information provided in this email pertaining to Solana Labs, Inc. ("Solana" or the "Company"), its business assets, strategy and operations is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this email should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This email does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Solana and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Solana expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Solana reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this email is intended only for the persons to whom it is transmitted for the purposes of evaluating the Company. The information contained in this email supersedes any prior email or conversation concerning the Company. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither we nor any of our representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this email by you or any of your representatives or for omissions from the information in this email. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this email.






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