Tag: NEO (NEO)

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Crypto News

NEO (NEO) Holders Will Receive The Remaining Ontology (ONT) Tokens From The Airdrop Started In March

This weekend, the NEO Global Development (NGD) Council began the second stage of the airdrop of Ontology (ONT), distributed among NEO (NEO) token holders. The delivery corresponds to 10 million ONT, equivalent to about $37.6 million, and is aimed at selected users who received the first half in March of this year.

In February, it became known that the NEO Council received control of 10% of the ONT tokens as part of Ontology’s redistribution during the launch of its blockchain network. This portion corresponds to 100 million ONT tokens, of which 20 million would be distributed as a gift to NEO investors, as announced in the official NGD blog.

At that time, they announced that 0.2 ONT would be delivered for each NEO (NEO), of which each incumbent would receive 0.1 ONT (50%) of free trade, in a first stage. This process took place at 5:00 a.m. (Pacific Time) on March 1st, 2018. The remaining 50% (0.1 ONT) was blocked until the launch of the new main Ontology blockchain network, which took place on June 30th.

NEO (NEO) holders to receive about 10 million Ontology (ONT) as the second part of the airdrop started in March

The first portion of ONT corresponded to NEP-5 tokens, and therefore the benefited users must make the symbolic exchange for the native tokens of the new Ontology blockchain, before October 1st. However, the second stage of the airdrop, corresponding to the blocked tokens, which started on July 7th, will be carried out directly on the new primary network.

In this regard, the NEO website explained to users that the remaining Ontology (ONT) tokens would not be sent to their NEO (NEO) address, but to one on the Ontology network, which will have the same public address, private key, and WIF as the one they use for NEO.

Additionally, Ontology reported that, unlike the NEP-5 Ontology (ONT), the new native tokens are indivisible, which will limit both the redemption and the second part of the NEO Council’s reward to whole numbers. That is, if the user received 5.5 ONT for the first portion of the airdrop, he would receive only 5 ONT for the second portion.

Ontology and NEO are blockchain’s public infrastructure protocols, which emerged from Onchain, a Shanghai-based technology company. Ontology noted in its blog that it decided to hand over a portion of its tokens to the NEO Council to achieve relevant cooperation since it is a necessary technology and cryptocurrency universe partner.

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Crypto

NEO (NEO) Lost The Race Against Tron (TRX) – NEO Gained 11% Just To Drop To -1.22% In Just A Couple Of Hours

NEO is one of the top 10 cryptocurrencies in the world and its figures were upbeat today. The majority of the analysts of the cryptocurrencies market state that the full value of NEO (NEO) remained yet untapped and they hope NEO will achieve this in the upcoming 3 to 5 years. NEO is a nonprofit community-driven network initiative that seeks to deliver an accessible and widespread network for a smart economy.

In terms of its behavior in the cryptocurrencies market, NEO (NEO) ranked in the list of the lowest performers, as it dropped to the 10th place in the current upturn of the market.

It is now still on the descent as being in line with the other top 20 crypto coins, registering a 1.22% decrease in the last 24 hours, at the moment of this article. Accordingly, NEO (NEO) is now trading at $86.46 and has raced against Tron (TRX), as they were both seen switching their ranks in the last 24 hours or so.

NEO (NEO) Vs. Tron (TRX) – NEO has lost the race against TRX for the 9th position

NEO (NEO) has been rising by 19% over the last week and it has been doing this until a couple of hours ago when the crypto started to drop. Tron (TRX), on the other hand, which ran on an identical track, seized NEO (NEO) checkpoint yesterday to claim the 9th position but dropped to 10th in just a couple of minutes.

In this tight race, TRX claimed the 9th place from last night, driving NEO to 10th, regardless of the great gains the latter has registered earlier today. NEO’s present market capitalization is about $5.6 billion, while TRX assumed a market capitalization of $6.5 billion. Apparently, Tron (TRX) won the race against NEO (NEO) for the 9th position, at least momentarily.

As you look at the whole cryptocurrencies market, the crypto coins’ prices have been falling to the negative side as of yesterday, whereas just a handful of cryptos have been rising and the gainers’ portfolio for today contains NEO (NEO), Tron (TRX), and some other 5 top 20 cryptos, despite the drop NEO experienced earlier.

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Crypto

Switcheo – The First Decentralized Cryptocurrencies Exchange Based on NEO (NEO) Blockchain

Switcheo Exchange is the first decentralized cryptocurrencies exchange implemented on the NEO (NEO) blockchain and it has been recently launched to the happiness of the NEO holder and other cryptocurrencies traders, as well. The exchange, which launched at the beginning of the month, is based, as said, on the NEO blockchain and managed to transact about $2 million in just a few days.

10 crypto coins are available on the NEO (NEO) decentralized exchange

DeepBrain Chain, QLINK, and Red Pulse are among the available coin on this exchange but the developers have huge plans for the upcoming week and months as they plan on bringing in more blockchains of the most popular ones on the cryptocurrencies market.

At the moment, all the available coins on Switcheo Exchange are paired with NEO (NEO), Gas (GAS), and Switcheo (SWH). Here are all the available crypto coins, so far:

  • NEO (NEO)
  • Gas (GAS)
  • Switcheo (SWH)
  • THEKEY (TKY)
  • DeepBrain Chain (DBC)
  • Red Pulse (RPX)
  • QLINK (QLC)
  • Ontology (ONT)
  • Apex (CPX)
  • Trinity Network Credit (TNC)

What’s next for the first NEO (NEO) decentralized exchange

The developers plan on adding cross-chain functionality to permit their clients to easily exchange cryptocurrencies between the NEO (NEO) blockchain and Ethereum (ETH) blockchain.

In a longer term, the developers plan to implement ERC20 tokens to the exchange platform but this will not happen before Q3 2018. Besides, the QRC 20 (QTUM) coins are also targeted by the NEO exchange’s teams, which admitted they look into Stellar (XLM) blockchain.

Switcheo (SWH) and NEO (NEO) Prices

Switcheo (SWH) has launched its first tokens sales in March and raised about $8.5 million. At this time, Switcheo (SWH) is trading at $0.02, recording a 4.35% gain in the last 24 hours.

On the other hand, the NEO (NEO) is trading at $67.97, increasing by 3.38% in the last 24 hours. At the moment, NEO (NEO) is ranked 10th by market cap, with more than $4.4 billion.

In conclusion, Switcheo Exchange is the first decentralized cryptocurrencies exchange based on the NEO (NEO) blockchain and is doing well, so far, and its developers have many great plans for the future, including implementation of other popular crypto coins.

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