DigixDAO to Refund $64M

The decision was made by the project's community in the voting, so, money raised in 206 should be returned back
21 January 2020   620

The Digix project, which conducted an ICO in 2016, liquidates its storage and returns ETH to investors for $ 64 million. This decision received more than 95% of the vote in the vote.

In 2016, Digix raised 460,000 ETH during the ICO ($ 5.5 million at that time).

Under the Ragnarok Return to Investors project, DGD token holders will receive 0.193 ETH per coin. The price almost coincides with current quotes - $ 31.4.

DGD was used as the management token of the decentralized autonomous community DigixDAO. Its owners received commissions, participated in the vote on the distribution of project funds, as well as on other issues regarding the ecosystem development strategy.

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   249

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.