NEO Sponsor Giveback Plan: "We decide to ... unconditionally give back to the early sponsors in the amount equal to the fiat value they contributed back then" (During ICO)

From the Blog-Post:

"Today, NEO Council has gained sufficient funds and resources to sustain the R&D and community development efforts in the years to come. Therefore, we decide to officially launch the NEO sponsor giveback plan designed to unconditionally give back to the early sponsors in the amount equal to the fiat value they contributed back then... The giveback comes from the remainder of the total funds raised during the seed-round financing, ICO1 and ICO2. Initial sponsors may claim their respective portions either through bank transfer (in CNY only) or in NEO. For those who choose to claim the giveback in NEO, NEO Council will purchase NEO with the remaining funds. The 50% NEO under the management of NEO Council will not be used for the giveback, as it is reserved for the development of community and ecosystem."

submitted by /u/Majoranese
[link] [comments]

Read More

Popular posts from this blog

World Economic Forum Bitcoin Discussions Validate the Movement