The recently launched Neo Bond program has reached full subscription with participants depositing approximately 5.02 million NEO across 836 transactions originating from 553 unique addresses.
The average deposit was approximately 6,005 NEO, while the median stood at 515 NEO. Due to the program’s fixed ceiling, the Neo Foundation advised users to refrain from sending additional funds, as any deposits beyond the cap will not be eligible to accrue interest or receive price protection benefits.
The Neo Bond program was introduced on Apr. 5 as a month-long initiative offering a 50 percent annualized yield and a price protection mechanism. Participants receive approximately 3.44 percent in interest over a 30-day lockup period. Additionally, the NF guarantees a minimum return value of US $5 per NEO at the end of the lockup, compensating users if the market price falls below that threshold.
All deposited assets are held in a multi-signature wallet managed by the NF, which pre-funded the account with 1 million NEO to support potential compensation obligations.
The NF characterized the Neo Bond as a response to recent disruptions in the token economy, including notable token transfers that impacted the consensus node structure and market stability. The initiative is aimed at incentivizing holding, stabilizing token dynamics, and rebuilding community trust.
More information can be found at bond.neo.org.
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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