I have been holding NEO for a little while now in anticipation that the price would increase (which it has).
Neo formerly known as Antshares has been getting a lot of attention lately with various projects being discussed, NEO is described as the Chinese version of Ethereum as it implements an ecosystem through its smart contract model which will allow the creation of tokens using some kind of NEO protocol similar to Ethereums ERC20 protocol.
The NEO team have announced a kind of partnership with Ontology who describe themselves as "A Public Platform for Building a Decentralized Trust Ecosystem".
There is a lot of technical jargon involved in their pitch and i feel like i would be unsuitable to explain these points but it seems they are intent on addressing some key issues in crypto such as privacy and so on, though information on the token itself is thin so max supply and price are unavailable.
The NEO team have said that Ontology have handed over 20,000,000 of the token to distribute to its community members via airdrop at a rate of 0.2 per NEO, of which 50% will be freely tradeable and the other 50% will be locked, full details are as follows:
The airdropped tokens are part of a donation from Ontology team to the NEO Council. As a gift to the community, this airdrop will consist of 20 million ONT.
Airdrop ratio: Each NEO will get 0.2 ONT (50% of which are freely tradable and the other 50% are automatically locked).
The snapshot of NEO addresses will be done at block height 1974823, which is estimated to be at March 1st, 2018, around 5:00 am (Pacific Time).
Delivery of the first ONT tokens will be completed in the weeks following March 1 (0.1 ONT per NEO). The other locked half (0.1 ONT per NEO) will be using the same snapshot, but will instead be airdropped on the Ontology MainNet.
Ontology MainNet is expected to be released in Q2, 2018, specific date depends on how the Ontology TestNet is operating. Further details will be released.
You can see the full announcment HERE.
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