Binance and KuCoin announced support for Ontology airdrop

Both Binance and KuCoin stated that they will support ONT airdrop on March 1st to NEO holders
27 February 2018   1558

Binance and KuCoin have both announced that they will support the airdrop of Onthology to NEO holders. It will happen at blockheight of 1,974,823 and the estimated date is now on March 1, 2018 around 01:00 UTC. All ongoing transactions won't be credited towards the airdrop.

The NEO Council has decided to airdrop 20 million ONT to NEO holders as both a gift for the community and the effort to support a growing ecosystem of a new multipurpose cross-chain integration network.

The drop will consist of two phases in two equal parts in the same snapshot. The first phase will distribute 0.1 ONT per one NEO and will take around a week to be completed, following March 1. the remaining half will be locked until Onthology MainNet release later in the second quarter of the year. Further details will be available closer to the launch date of the Onthology MainNet.

Onthology is an ambitious project centered around building a decentralized trust ecosystem on a peer-to-peer blockchain network. It will enable cross-chain multipurpose network for industry, application and device infrastructural integration.

NEO to Finance Switcheo Development Team

Investments were provided as part of the NEO EcoBoost ecosystem development program, which is $100M in whole
15 January 2020   129

NEO blockchain project invested in non-custodian exchange Switcheo. This was reported by Switcheo developers on their blog.

Investments were provided as part of the NEO EcoBoost ecosystem development program. The amount of investments by companies was not disclosed. It is known that $ 100 million was allocated for the EcoBoost program.

Switcheo CEO Ivan Pun believes that new financing will help his company implement several planned projects, including launching products from the decentralized finance (DeFi) field. NEO founder Da Hongfei said the two projects will continue to “work in tandem” to develop the NEO ecosystem.

Switcheo launched in 2018 and is the most popular decentralized exchange for working with NEO and tokens based on its blockchain. In addition, the exchange allows swaps with assets of the Ethereum and EOS blockchains.

Since February, Switcheo users will be able to pay fees for trading on the platform with NEO GAS tokens. The SWTH token will no longer be used for this. NEO, for its part, will finance the exchange of SWTH for GAS at a set minimum price - it will be determined later. At the same time, a multi-level program will be launched, thanks to which SWTH holders will be able to receive discounts on commissions when trading on the exchange.