Tezos to Launch Mainnet

On the threshold of the launch of the main network Tezos token demonstrated impressive growth
18 September 2018   1783

After a sufficiently long period of preparation and the need to resolve legal issues, developers of the Tezos blockchain protocol announced the launch of the main project's network.

Tezos is positioned as a network protocol for secure and time-ready smart contract systems. According to the founders of the project, the platform focuses on such fundamental aspects as transparency, security and governance through consensus.

It is noteworthy that the launch of a viable version of the software was made at the end of June. After that, in the listings of several exchanges, tokens of the Tezos project appeared under the ticker XTZ.

However, only last weekend the developers announced the completion of the experimental mode and leave the beta version.

In the summer of last year, Tezos conducted a crowdsfunding campaign, collecting a record $ 230 million at that time. Soon the project, however, was under a storm of collective lawsuits, which also caused a long delay in launching the platform.

On the threshold of the launch of the main network Tezos token demonstrated impressive growth - over the past day the price of XTZ has increased by more than 5%, over a one-week period this figure was more than 32%. At the time of publication, the average price of XTZ, according to CoinMarketCap, was $ 1.63 (0.00025835 BTC).

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   962

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.