Traders and crypto-investors who are holding NEO in their wallet will be getting grasp of free ONT [Ontology] tokens as the NEO Council declared that it would hand out 20 millions of them.
For starters – the network called Ontology is a public blockchain structure that give the opportunity developers to find use of the decentralized ecosystem and make dApps reality. The infrastructure is supported by a Chinese based blockchain tech firm – Onchain.
The NEO Council is in fact distributing ONT tokens received as a donation from the Ontology team, and for each NEO a person holds, they will receive 0.2 ONT, 0.1 of which will be available immediately while the other half will be locked until the Ontology MainNet goes live.
ONT is a divisible NEP-5 token for now, but after the Ontology MainNet releases in the second quarter this year, NEP-5 tokens will be exchangeable for MainNet ONT. For the NEO ONT airdrop, a snapshot will be taken at block height 1974823, which is expected around March 1, 2018.
The free tokens should be available to be collected by users as long as the-last mentioned are keeping their NEO in a non-exchange wallet. It is understandable that various policies will be announced out by different exchanges, however for the moment KuCoin did put out supportive stance for the airdrop.
As per time of the writing, the pair NEO/USD is performing quite well in the crypto-market as the token value was able to break above the major $100.00 level and stabilize in its recovered trading ground while it is gaining 7.7 percent in the last 24-hours. Even with the correction taking place for many other coins, the ONT token drop could support the path even further.
The 8th largest cryptocurrency by market capitalization has been added [its token] on the Omicrex trading platform as a choice to pair NEO/BTC since January 15. Along with NEO, pairs like XMR/BTC, IOTA/BTC and XRP/BTC have been included. The event has been announced in a writing by Omicron Crypto Market.
After the NEO ONT airdrop, we are also expecting the Ethereum Classic (ETC) Callisto (CLO) airdrop on March 5, 2018, and it will be interesting to see how both these tokens react.
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