Nebulas to Buy Back NAS Tokens

This announcement had great implact on token's price - it gained almost 50% in 24h and and its average price is $1.79
10 June 2019   1315

The founder of the Nebulas Hitters Xu announced a campaign to buy-back NAS tokens from the secondary market, which was immediately reflected in the price of the asset.

Tokens acquired in this way will be blocked and transferred to the NAS pledge pool. Later, in order to ensure transparency, the project organizers will announce the address that they will use to translate the NAS purchased in this way.

Nebulas Price Chart
Nebulas Price Chart

The Nebulas rate against the background of this news rose by 53% and reached $ 1.83, which is comparable with the values of October last year.

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   955

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.