Sprouts undergoes swap into Auxilium

Auxilium announced the swap date for Sprouts holders on June 21 with three weeks period of the active swap
06 June 2018   1234

As the complete PoS implementation proved to require much longer period, PoW will be the consensus mechanism for Auxilium blockchain. The TestNet will be open to the public up until the moment AEPoS is ready for the roll-out. In the meantime, Auxilium has initiated a swap platform for Sprouts holders to go live on June 21. The end date for the swap is announced to be July 11.

The swap follows the completion of the Auxilium Wallet that is based on Ethereum codebase with PoW. Auxilium Global is a project aiming to provide help conserve, distribution of renewable resources and charity. The long term goal is to develop he Auxilium wallet with PoS. Auxilium will eventually replace Sprouts Coin. More details can be found at an official Q & A forum here. Price-wise, Sprouts Coin parameters at the moment of publication are as follows:

Average price 0.0000000646 USD
Market cap 7,007,661 USD
Volume (24H) 13,136 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   198

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.