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Gabrijel ŠerjakMarch 1, 2018

2min1608

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.

 


Gabrijel ŠerjakFebruary 13, 2018

4min1592

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.

NEO will airdrop ONT

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:

  1. 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.
  2. Airdrop ratio: Each NEO will get 0.2 ONT (50% of which are freely tradable and the other 50% are automatically locked).
  3. 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).
  4. 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.

You can learn more about the Ontology project through the following channels.
Official Website: https://ont.io/
WeChat: ONT ontology (ontologynetwork)
Twitter: https://twitter.com/OntologyNetwork
Reddit: https://www.reddit.com/r/OntologyNetwork/
Telegram (English): https://t.me/OntologyNetwork
Telegram (Chinese): https://t.me/OntologyNetworkcn
Medium: https://medium.com/ontologynetwork
Discord: https://discordapp.com/invite/4TQujHj

 

 



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