In short.. around March 1st, at 8 pm New York, for every 1 Neo held you will be given 0.2 Ontology Network tokens (ONT)
each NEO is rewarded 0.1 ONT that is tradeable and 0.1ONT that is locked in the wallet. Interesting
As stated from Neo directly:
Announcement: NEO will airdrop ONT to the community
Author malcolm@neo.org posted on 2/12/2018
Dear NEO Community,
NEO Council are humbled and grateful for all your contributions and support. With your help, NEO's vision of a Smart Economy is now widely recognized by a range of industries, and the NEO blockchain has evolved into a technology-driven community with blockchain developers and contributors all over the world.
Ontology is a next-generation multi-chained public chain infrastructure platform initiated by Onchain, a leading blockchain technology company in China. It is also a common platform that supports a decentralized trust ecosystem.
To support a joint ecosystem, Ontology project is handing over an amount of ONT tokens to be managed by NEO Council. NEO Council, in turn, hereby announce that it is decided to airdrop ONT tokens to the NEO community 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.
Here is a nice interview with Blockchain Brad and Ontology Founder Jun Li NEO -ONT ONCHAIN
Once again, a big thank you to all contributors and supporters in NEO’s global community, this is nothing but a small token of our appreciation! We look forward to foster a healthy NEO ecosystem together with all of you, where Ontology will form an important piece of the puzzle.
You can learn more about the Ontology project through the following channels.
Official Website: https://ont.io/
WeChat: ONT ontology (ontologynetwork)
Twitter: https://twitter.com/OntologyNetwork
Reddit: https://www.reddit.com/r/OntologyNetwork/
Telegram (English): https://t.me/OntologyNetwork
Telegram (Chinese): https://t.me/OntologyNetworkcn
Medium: https://medium.com/ontologynetwork
Discord: https://discordapp.com/invite/4TQujHj
Here is the link to the article.