Mithril is rolling out Vault Beta

Mithril team announced the release of its Vault Beta on June 30 with additional features to be implemented via a series of stages
27 June 2018   937

A multi-functional cryptocurrency vault by Mithril project - Mithril Vault, will be released as Beta on June 30. Three major features of the initial release stage include:

  users can connect Lit and Mithril accounts and sync their MITH with the option to withdraw MITH to any ERC20-compatible wallet;
  Vault supports both MITH and ETH deposits;
  instant exchange between MITH and ETH;
  other cryptocurrency pairs are under development;
  users can stake as they deposit MITH into their Mithril Vault


There are coming update stages to Mithril Vault that will bring more features to the platform. At the moment of publication, Mithril (MITH) market parameters are as follows:

Average price 0.374012 USD
Market cap 114,656,598 USD
Volume (24H) 19,395,200 USD

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   936

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.