Published on July 9th, 2018 | by bitcoin0
NEO Investors Are Being Airdropped $42 Million In Crypto
Part of the “ONT token distribution,” the move effectively rewards all users of the Neo blockchain for providing the technology necessary for the project’s fundraising.
In February, the Neo Council, a body set up to oversee the Neo blockchain protocol, announced that the Ontology team had granted it 20 million ONT tokens – the main assets on the Ontology blockchain network – which the Neo Council would freely distribute to NEO token holders through a two-stage “airdrop.”
While separate entities, Neo and Ontology are closely aligned and engage in “technical cooperation,” according to Ontology founder Li Jun.
Anyone who held NEO at a certain point on March 1 is entitled to receive 0.2 ONT per NEO.
The first half (0.1 ONT per NEO) was distributed to Neo addresses as an NEP-5 token – a Neo-based token standard similar to ethereum’s ERC-20.