The NEO Council manages 10% of ONT tokens and has decided to airdrop 20,000,000 of these tokens to NEO holders. This is both a gift to the community and an effort to support a joint ecosystem.
The council will airdrop the tokens in two phases using the same snapshot. The first phase of the Airdrop will deliver 0.1 ONT per NEO and will be completed in the weeks following March 1st. They will lock the remaining 50% and airdropp in onto the Ontology MainNet after its release in Q2, 2018. Then they will release further details as we approach the launch of the Ontology MainNet. The snapshot will occur at block height 1,974,823 and is estimated to be on March 1st, 2018, at 01:00 UTC.
OnChain launched The Ontology Network on the 27th of November in 2017. Many may know OnChain as DaHongFei’s and Erik Zhang’s company, since people know them as the founders of NEO.
Ontology is a project that focuses on building a decentralized trust ecosystem. It is a peer to peer blockchain network that will enable cross-chain, cross-system, cross-industry, cross-application, and cross-device infrastructure.
ONTOLOGY TOKEN DISTRIBUTION MODEL
12% – Ontology Community (including the reward events)
28% – Institutional Partners
10% – NEO Council
25% – Ontology Ecosystem Development
10% – Ontology Technical Community Reward (including the future bounty program)
15% – Ontology Core Team
Exchanges Binance and KuCoin have announced they will be supporting the upcoming Ontology Airdrop to NEO holders.
NEO will airdrop ONT to the community. Here is NEO Council statement:
Dear NEO Community,
NEO Council is humbled and grateful for all your contributions and support. With your help, NEO’s vision of a Smart Economy is now widely recognized by a range of industries, and the NEO blockchain has evolved into a technology-driven community with blockchain developers and contributors all over the world.
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 as follows:
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.
Once again, a big thank you to all contributors and supporters in NEO’s global community, this is nothing but a small token of our appreciation! We look forward to foster a healthy NEO ecosystem together with all of you, where Ontology will form an important piece of the puzzle.
NEO is marching forward towards a Smart Economy that will drive its value to the top of the blockchain industry. Many experts have pointed out that NEO holds an unrivaled spot as China’s biggest cryptocurrency project.
NEO is the main reason China is set to reverse its tough stance on cryptocurrencies and ICO projects in the country. Many crypto projects have faced a serious censor-like approach from the Chinese authorities, yet NEO seems to have been left untouched, “secretly encouraged” to claim its position in the cryptocurrency world. Since it’s in the strategic interest of China to have such a strong project in crypto space.
Da Hongfei made his speech at the inaugural DevCon at the end of last month, Hongfei effused ambition and confidence on the future of the NEO project. It was a speech that outlined what the community of developers gathered wanted to hear: NEO was shooting for the moon.
NEO wants to focus on building a Smart Economy where everything was digitized and programmable; transparent and more importantly, an economy that was trustless. In short a new vision for the cryptocurrency.
NEO managed to create a system that drives a world smart economy, it’s simply safe to say that they are going for Zion itself top spot.
How will they do that?
The City of Zion will take NEO past the moon. At the DevCon, Da Hongfei spoke of what he envisioned for NEO. One very clear message was that NEO was destined for greatness as an ecosystem. The main player, according to Hongfei, was the City of Zion. This community of open-source developers and designers is spearheading the development agenda of the NEO blockchain. Already the City of Zion is credited with developing the NEON wallet, NEOScan, NEOMon and NEO portal; all essential in driving project NEO forward.
The crypto’s team has set their eyes on penetrating the friendly Japanese market. Last week (10th-11th Feb 2018) the company hosted two community events in the Japanese cities of Tokyo and Osaka. According to NEO’s official Twitter page, the events featured 03Labs and HashPuppies. One more thing, getting into China confirms experts’ views – NEO is the future.
The other advantage is China is keen to NEO platform, meanwhile, they restricted their citizen’s possibilities to invest in ICOs and cryptocurrencies with great firewall. But they haven’t done so with NEO, this means Chinese investors will start to invest a lot of their money in platforms that are supported by their government. This could be a huge gamechanger for NEO since Chinese investors are one of the largest floats of fresh money in cryptocurrencies. This could mean that NEO could easily reach $1000 USD by the end of the year.
Ethereum and NEO compared to a one-year period as an investment
365 days ago, NEO ( (Antshares) Bittrex) traded for 0.12 USD (closing)
today (13 February 2018) 111.83 USD (closing)
investment in 365 days = 931x
Ethereum was traded 365 days ago for 11.40 USD (closing)
Today ((13 February 2018) Binance )
846.19 Usd (closing)
Investment in 365 days: 74x
Which of these two smart economies has the better technology?
Ethereums ERC20 tokens dominate the market.
NEO’s NEP-5 are still in their early stage. So far, there has just been a handful of Neo based ICO’s like DeepBrain Chain or TheKey BDMI International Foundation Ltd. But Binance announced the listing of NEP-5 tokens in near future, that is a start of a great journey.
NEO ”Ethereum of the Far East” has a potential to surpass Ethereum and even Bitcoin by market cap in the long run, but that doesn’t mean that Bitcoin and Ethereum are doomed, it’s just that East is taking over the West by their efficiency, cheaper labor end ability to adapt to the market like a chameleon.
You should keep an eye on NEO in the coming months.
NEP-5 Tokens will soon be tradable on Binance. Binance is one of the most popular cryptocurrency exchanges on Earth when it comes to volume. In fact, in the last 24 hours, they ranked first on coin market cap with $1.616.338.838 daily volume.
The Chief Executive Officer of Binance CZ has been featured in a lot of business magazines lately including on the front cover of Forbes magazine.
But he enjoys the most support from NEO community since he announced on twitter Nep5 coming soon. This made him a very likable person in NEO community.
That’s a huge deal. NEP-5 tokens are to NEO what ERC-20 tokens are to Ethereum (ETH). New ICOs are launching on top of this platform and creating NEP-5 tokens as a result. Listing them on this most popular crypto exchange will only boost its profile and the population that can access these different tokens.
One of a very promising project on NEO platform is new cryptocurrency exchange called Neon Exchange (NEX). It’s an exciting project because it will feature ETH and ERC20 token trading. On top of NEP-5 tokens and GAS (GAS) beginning in Q3.
Just in the past days, a new partnership was announced between NEX and Red Pulse (RPX):
Here is how Red Pulse describes the new collaboration:
“The NEX payment service enables third-party smart contracts on NEO to send and receive global assets such as NEO and GAS. As part of the partnership, Red Pulse (RPX) will be the first NEP-5 based decentralized application to be included on the platform. NEX will also aim to develop a solution that will be embedded within the Red Pulse platform, allowing for seamless purchasing of RPX using conventional credit cards to directly convert to fiat, and deposit to users’ bank accounts using integrators on NEX’s network.”
If you do the math it’s 10times cheaper to lunch an ICO on NEO than Ethereum blockchain. This means a lot of new projects might consider NEO as a platform of their choice to support their project in the future.
From a Lausanne, Switzerland: came news of a new major partnership announcement. Pikcio AG, the creator of PikcioChain, has announced that NEO Council has already purchased for $3M PKC tokens which were made available during the PikcioChain pre-ICO.
This significant investment shows NEOs confidence in PikcioChain technology, the utility of its PKC tokens and its potential.
After the purchase, PikcioChain has also taken the decision to move the PKC token standard interface from ERC-20 to the NEO EP-5 format.
Pikcio & NEO in Partnership
NEO will now offer PikcioChain’s service technology on its own blockchain. It will provide technological, sales and marketing support for a new, Chinese subsidiary of Pikcio AG.
”This is an extremely exciting time for everyone at PikcioChain.” said Didier Collin de Casaubon, Founder, and CEO of Pikcio AG.
Which he added ”
“We’ve been enjoying a very successful pre-ICO period in which we saw several major institutional investors interested in PikcioChain and the PKC token. NEO Council’s token purchase is a perfect example of the success we’ve been having.
“The decision to move from the Ethereum format to the NEO format for the PKC token’s issuance is more than just a simple switch between underlying technologies. It represents the beginning of a new partnership. It will see PikcioChain and NEO working closely together to provide secure personal data solutions to the world’s financial institutions.
“At a time when regulators require increasing amounts of information regarding investors and clients, and simultaneously, individuals are demanding greater control of their personal data, PikcioChain offers a highly secure, distributed and potentially revenue-generating solution for KYC and other processes that enable companies to meet both of these expectations.”
PikcioChain breaks open the exclusive world of data trading. It puts data ownership back into the hands of the data creator. It represents the democratization of the data markets. And it is also the fairest way of making sure that the value of a person’s data always flows back to them.
Pikcio created a transparent and self-regulated data trading ecosystem. It empowers businesses to trade data with confidence. And also in full compliance with the wishes of the data owner and the relevant regulatory environment.
Pikcio AG is headquartered in Lausanne, Switzerland with offices in Paris, Brussels and Boston, USA.
With only a few days left in the year 2017, it’s time to look back at how far we’ve come in the crypto world since this time last year.
While bitcoin grabbed the most headlines in 2017, it’s not been the best performer by any measure. While impressive at 18x growth, it’s fairly paltry compared to Ethereum’s 106x, Litecoin’s 64x or Ripple’s 206x multiplier.
Continuing down the list there’s more good news for all top token hodlers from 2016.
Perhaps surprising, the top 12 coin which brought the biggest gains in the past 365 days has been NEM with a 264x multiplier.
On the other hand, the most “disappointing” coin has been Iconomi, which fell from 12th place all the way to 82nd and only returned an 8x gain to its investors.
In case you’re wondering, if you had invested €1,000 in each of the top 12 coins on 25th December 2016, your coins would be worth €927,000 today. That’s 7725% return on investment. Not too shabby.
Congratulations to Bitcoin, Ethereum, Litecoin, Ripple, Dash, NEM and Monero, which have managed to hold on to top spots and (ignoring Bitcoin forks) welcome to the newcomers to top 12 IOTA, Cardano, EOS, NEO & Stellar.
As we enter 2018 with great excitement and trepidation, it will be fascinating to see what this chart looks at the end of December 2018.
Good luck to everyone with your picks of future top coins.
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