Technology

Neo Foundation released $ 11.3 million tokens to finance project development

Neo Foundation reported on the extraction of 1,660,865 NEO tokens (about $ 11.3 million on the change fee on the time of writing) from the chilly pockets to help its actions.

Tokens had been transferred from the “blocked account to the present”, on the steadiness of which it comprises 14 608 325 NEO (nearly $ 100 million), March 24. The funds will likely be used to develop the Neo community, develop the group and the work of the group.

As famous within the message, the annual prices of the continued functioning of the ecosystem mustn't exceed 15 million NEO tokens.

As well as, the Neo Foundation promised within the close to future to submit a monetary report for 2019.

Recall in September Neo launched three new merchandise: the NEO • ONE developer framework, the NeoFS distributed file system, and the NEO Blockchain Toolkit.

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