NEO - formerly Antshares - has been a resilient coin through the recent 2018 downturn. Things are only looking better as NEO holders will reportedly be rewarded with an airdrop of coveted ONT - Ontology Network - tokens later this quarter.
Here are some details from the NEO blog:
Ontology is a next-generation multi-chained public chain infrastructure platform initiated by Onchain, a leading blockchain technology company in China. It is also a common platform that supports a decentralized trust ecosystem.
To support a joint ecosystem, Ontology project is handing over an amount of ONT tokens to be managed by NEO Council. NEO Council, in turn, hereby announce that it is decided to airdrop ONT tokens to the NEO community.
Here are the details:
The airdropped tokens are part of a donation from Ontology team to the NEO Council. As a gift to the community, this airdrop will consist of 20 million ONT.
Airdrop ratio: Each NEO will get 0.2 ONT (50% of which are freely tradable and the other 50% are automatically locked).
The snapshot of NEO addresses will be done at block height 1974823, which is estimated to be at March 1st, 2018, around 5:00 am (Pacific Time).
Delivery of the first ONT tokens will be completed in the weeks following March 1 (0.1 ONT per NEO). The other locked half (0.1 ONT per NEO) will be using the same snapshot, but will instead be airdropped on the Ontology MainNet. Ontology MainNet is expected to be released in Q2, 2018, specific date depends on how the Ontology TestNet is operating. Further details will be released.
So if you hold 10 NEO, you will receive 1 ONT in your wallet and 1 ONT on their network.
If you are currently holding your NEO coins in the NEON wallet, you shouldn't have to do anything to receive the tokens. It remains to be seen whether exchanges like Binance or KuCoin will honor the airdrop as well.
You can learn more about Ontology Network by visiting their website.
Now that explains today's surge.
ETH hodlers got a lot of free tokens in 2017, and I predict something similar will happen to NEO investors this year! HODL your NEO, Steemians!
Yes seems like a great year for NEO and it's projects.
This must explain why NEO got a bounce today, on Binance NEO is up almost 10% right now while BTC, LTC, ETH, and BCH are up about half that. Be nice to get an even bigger run out of this news. Looks like a better proposition that LTC cash, hopefully Binance supports this airdrop.
I'm hoping that neo tracker will too! :) Anybody know?
Still no news from Binance nowadays. Asked them directly. Hope they answer me really soon
This is good info, thanks.
Wow bro i was just thinking to buy neo thx for ur good advice
Great news, more iformation about ONT ?!
Ontology is a blockchain/distributed ledger network which combines distributed identity verification, data exchange, data collaboration, procedure protocols, communities, attestation, and various industry-specific modules. Together this builds the infrastructure for a peer-to-peer trust network which is cross-chain, cross-system, cross-industry, cross-application, and cross-device. (From ont.io)
Thank you, interesting project. In the white paper have not found many coins will be ONT? I think it's expensive 0,1 ONT = 1 NEO . Or I didn't study the project well......
I don't think it is an equivalence / valuation, it is just how they are calculating the airdrop.
What about if u got coins on neo tracker
More exciting info from my favorite project. Thanks NEO!!
How do I get the airdrop?
Hold NEO
Just hold in a neon wallet
Do you know whether I will have to claim them afterwards or will this be transferred automatically? Thanks in advance
Any information about this ONT coin? Just trying to understand how much value I will actually be getting from this airdrop.
good and helpfull news
Super Bullish on NEO!
See you at the moon baby!
Holding a really really small amount of NEO but this is nice. :)
2nd ONT Drop started https://medium.com/@andrijlax/how-to-claim-2nd-ontology-airdrop-288a04a4c01
whether this explanation is about an app
This is cool. However, it's worrisome whether NEO will be able to consistently add impactful ICO's with China's ban in place enough to keep up with the Ethereums of the space.
Very cool. I am becoming a big NEO fan. Even more reason with this.
Tnx, i love neo more and more!
Excellent news for NEO holders!
it is isn't it
Yes. It is.