Binance and KuCoin have both announced they will be supporting the upcoming Ontology Airdrop to NEO holders. The snapshot will occur at block height 1,974,823 and is estimated to be on March 1st, 2018, at 01:00 UTC. Deposits or withdrawals that are being processed at the time of the snapshot will not be included, and will not be credited towards the airdrop.
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 tokens will be airdropped 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. The remaining 50% will be locked and airdropped onto the Ontology MainNet after its release in Q2, 2018. Further details will be released as we approach the launch of the Ontology MainNet.
Ontology is a project focused on building a decentralized trust ecosystem. Ontology is a peer to peer blockchain network that will enable cross-chain, cross-system, cross-industry, cross-application, and cross-device infrastructure.
To learn more about Ontology you can visit their website.
To stay up to date you can join their communities on Twitter, Telegram, Discord, and Reddit.
You can view the official announcements from both exchanges below:
By Chase Cook
About The Author: Dean Jeffs
Dean is a digital project manager who has worked extensively with start ups and agencies in the marketing space. Fascinated by the potential applications of blockchain technology, Dean has a passion for realising the new smart economy.
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