[Updated on Feb 28, 2023] 

1. What is a non-fungible token (NFT)?

A non-fungible token (NFT) is a cryptographic token that represents a unique asset. They function as verifiable proof of authenticity and ownership within a blockchain network.

2. What is a “Vote to Earn” NFT?

The “Vote to Earn” NFT is an NFT that users can purchase, giving them voting rights for potential BitMart token listings. After the fourth release of BitMart Vote-To-Earn NFTs scheduled on March 1, 2023, users holding such NFTs will have a chance to vote and receive airdrops from these projects if their chosen projects successfully list on BitMart.

3. What is the BitMart Vote Listing Program?

BitMart is the first exchange to offer an NFT-based Vote Listing Program for users to support unlisted projects with potential. To participate, users must purchase a BitMart “Vote to Earn” NFT on the BitMart NFT Marketplace or through the BitMart Launchpad first.

Potential token listings will be announced via official BitMart channels, and users that hold one of these Vote-To-Earn NFTs can review information about the project and vote on whether it should be listed on BitMart. When a project reaches the required vote threshold, it will go live on BitMart within 10 business days or at a date scheduled by the project team. 

After listing on BitMart, all voters that once supported such listing will get a chance in sharing a prize pool provided by the project via token airdrops. From the fourth release of BitMart Vote-To-Earn NFTs scheduled on March 1, 2023, the reward mechanism will be updated as: 

1) Everyone of the first 500 qualified voters for every successful listing will receive a token airdrop worth 5 USDT; 

2) Each of the randomly selected ones from the remaining qualified voters will receive a token airdrop greater than 5 USDT. 

* For example, if the BitMart team draws a lucky number 3, besides the first round 500 voters,  rest voters with the last digit of their ranked votes being 3, such as 503, 513, … 1213, 1223, …. will each receive a token airdrop at least worth 5 USDT.

If users are no longer interested in exercising their voting rights, they can still trade their “Vote to Earn” NFT on the BitMart NFT Marketplace at any time. 

4. Vote to Earn NFT Value and New Batch Release drom Sept-2022 to Sept-2023

    BitMart team may release additional batches of Vote-to-Earn NFTs on the launchpad based on users’ demand, and the prices may change based on the length of periods that such NFTs are entitled to join “Vote-to-Earn” sessions. For example, if a batch of Vote-to-Earn NFTs carries voting rights that are live from 09/19/2022 3:00 PM (UTC) to 09/19/2023 3:00 PM (UTC): 1) User A purchases the NFT on 12/1/2022, and he/she has approximately 9 month voting rights if holding the NFT; 2) User B purchases the NFT on 8/1/2023, he/she has approximately 2 month voting rights if holding the NFT. Please refer to the below chart: 

    The holders of the “Vote-To-Earn” NFTs will be entitled to vote for each “vote for listing” section. However, there’s no guarantee for successful listings of related tokens with BitMart.

5. The Timeline of the Voting Period 

             N = N<= 10 days

6. How to Join

Users can participate in this program by purchasing a “Vote to Earn” NFT from the BitMart NFT marketplace or BitMart launchpad. When a project reaches the required vote threshold, it will go live on BitMart within 10 business days or at a date scheduled by BitMart and the project team. 

7. Update about Rewards Distribution Rules from March 1st, 2023

After the fourth release of BitMart Vote-To-Earn NFTs scheduled on March 1, 2023, the reward mechanism will be updated as 1) each of the first 500 qualified voters for every successful listing will receive a token airdrop worth 5 USDT; 2) each of the randomly selected ones from the remaining qualified voters will receive a token airdrop worth greater than 5 USDT. For example, if the BitMart team draws a lucky number 3, besides the first round 500 voters, the rest voters with the last digit of their ranked votes being 3, such as 503, 513, … 1213, 1223, …. will each receive a token airdrop at least worth 5 USDT.

8. Terms of Use
 

• Rewards will be issued 12 - 24 hours after the listed token trading starts.
• BitMart “Vote to Earn” NFT voting rights will be live from 09/19/2022 at 3:00 PM (UTC)- 09/19/2023 at 3:00 PM (UTC). 
• BitMart reserves all rights to change the rules of this event without notification, including revoking the awards to accounts suspected of vote manipulation or abuse.

Attention: Use of BitMart services is entirely at your own risk. The value of digital currencies can go up or down, and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance.