The NEO Council have announced they will be airdropping Ontology tokens to NEO holders. To support a joint ecosystem, the Ontology project has placed a number of ONT tokens in the NEO Council’s care, who have decided to distribute 20 million to the community.
The details of the airdrop are 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.
The Ontology project was announced in November 2017, and is a public blockchain infrastructure that aims to bridge the real world and the digital world by creating a network that will enable cross-chain, cross-system, cross-industry, cross-application, and cross-terminal transactions through technology such as data mapping and smart contracts.
You can view the full announcement on the NEO blog –