Aragon to Lauch Mainnet

In May 2017, Aragon spent a super fast ICO, in just 15 minutes, collecting the planned 275,000 ETH (about $25M at the time)
01 November 2018   1632

Positioning itself as the “first blockchain tool aimed at helping to create and manage companies around the world,” the Aragon project is now available on the main Ethereum network.

Version Aragon 0.6 was named Alba, and as they say in the project's blog, it marks a “new era of human interaction”.

The proposed solution allows users to create decentralized autonomous organizations (DAO) for their communities or enterprises with the possibility of voting. Aragon 0.6 also allows you to use your own tokens for solving management tasks.

The developers of Aragon do not recommend using Alba for storing large amounts, as the team is working on finding and fixing vulnerabilities.

Representatives of the project also note that since the launch of the Aragon network, more than 15,000 organizations have been created - more than new enterprises are created annually in Austria, Malta and Luxembourg combined.

In May 2017, Aragon spent a super fast ICO, in just 15 minutes, collecting the planned 275,000 ETH (about $25M at the time).

Neo Foundation to Withdraw $11M From Cold Wallet

These funds will be used to finance its operations in currrent reporting year and $190M are stiill in the vault
26 March 2020   962

On March 25, the Neo Foundation announced the withdrawal of 1,660,865 NEO ($ 11 million) from the cold wallet to finance its activities in the current reporting year. About $ 190 million are still in reserves.

According to rules established in the Neo White Paper, the NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion and the normal operations of the foundation and related organizations. 

 

Neo Foundation

According to the publication, 1,660,865 NEOs were transferred “from a blocked account to a current account”. As the information on the blockchain shows, these funds were directed to an address containing 14.6 million NEO or about $ 100 million. The project does not disclose who controls this address and what fate awaits the released tokens.

White paper Neo suggests that project costs in any given year should not exceed 15 million tokens. In the near future, a financial report for 2019 will be published.

At the time of publication, NEO is the 23rd largest asset on the market with a capitalization of $ 479 million. The price of one NEO is $ 6.79.