On Monday the 6th of January, Binance announced their latest Community Vote with projects DREP and NEW being the latest projects to go head-to-head for a free listing. Both projects are focused on bringing enterprise grade solutions to companies looking to expand and experiment with blockchain technology. The vote will start at 2020/01/15 4:00 AM (UTC) for 24 hours and will close at 2020/01/16 4:00 AM (UTC).
Binance is back at it again with another edition of their now famous Community Vote. After an extended pause to the program back in 2018, it returned on October 1st of 2019 and has since completed three rounds in quick succession with NKN and VIDY in Round 1, ARPA and CRE in Round 2, AERGO and CTXC in Round 3 and most recently COTI and VITE in Round 4. Investors have been extremely responsive and accepting to the new format which has sported a revised set of rules since Round 1 which has so far resulted in fairer, more controlled votes with not much argument from either side upon the results of each round. Competition rewards for both sides including participation rewards are as follows:
If DREP (DREP) wins the vote and is listed on Binance.com, all participants that voted for DREP will split a total reward pool of 86,000,000 DREP, based on the number of votes from each participant.
If Newton (NEW) wins the vote and is listed on Binance.com, all participants that voted for NEW will split a total reward pool of 134,000,000 NEW, based on the number of votes from each participant. Users that voted for the runner up will then split a pool of 3,500 BNB, based on the number of votes from each participant. (full details)
If you want to get involved but aren’t too sure on who to vote for, check out some summaries below and visit each projects website.
About Drep – DREP is committed to building “connectors ” and “toolkits” based on blockchain technology, providing solutions that combine ease of use, flexibility and frictionless integration. Based on DREP Chain, DREP ID, DREP Reputation Protocol and DREP SDK, DREP aims to build an open data ecosystem on chain, disrupting the status quo of segregated users and data on multiple chains. (source)
About Newton – Newton’s technology framework consists of three layers: the basic technology layer, the hyper exchange protocol layer, and the application layer. The basic technology layer includes NewChain, NewNET, Atom Hashing, NewIoT and NewAI; the hyper exchange protocol layer includes digital identity and credit, supply chain, digital marketing, transactions and payments, trusted physical channels, supply chain and NNIO, etc. The application layer includes wallets, retail, logistics, finance and insurance. We are developing a series of basic technologies to support the hyper exchange protocol, which is the basic commercial protocol cluster supporting upper-layer application operations. (source)