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The NEO Council ONT Airdrop FAQ
The NEO Council recently announced an ONT airdrop for all NEO token holders (https://neo.org/blog/details/3061). Below is an FAQ based on questions from the community. We have also included some information about Ontology’s past airdrops.
1. What is the NEO Council airdrop?
The NEO Council manages 10% of ONT tokens (read more: https://medium.com/ontologynetwork/ontology-finishes-collecting-email-addresses-for-the-first-round-of-its-reward-event-e6a617d2872e). As a gift to the community, the NEO Council has decided to airdrop 20,000,000 (twenty million) ONT to NEO token holders.
2. How much ONT will I receive?
For each NEO an individual will receive 0.2 ONT (50% is freely tradable and the other 50% is automatically locked until the release of Ontology MainNet in Q2 2018).
3. When will the amount of NEO I have be calculated?
The snapshot of NEO addresses will be done at block height 1974823, which is estimated to be on March 1, 2018, around 21:00 (UTC+8).
4. When will my ONT be delivered?
Delivery of the first portion of ONT will be completed in the weeks following March 1, 2018 (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 after the release of Ontology MainNet in Q2 2018. Further details have not yet been announced.
5. Which wallets can receive the ONT airdrop?
All non-exchange wallets can receive ONT, however some wallets may not display ONT. You will nevertheless be able to retrieve ONT in a wallet that does not display ONT from a wallet which does display ONT. Details about which non-exchange wallets which will display ONT will be announced later.
Exchanges will at their discretion provide access to ONT from NEO in exchange wallets. Please refer to individual exchanges for their ONT airdrop policy.
6. Is ONT divisible?
ONT will initially be a divisible NEP-5 token. After the release of Ontology MainNet in Q2 2018, NEP-5 ONT holders will be able to exchange their NEP-5 ONT for ONT on the Ontology MainNet. MainNet ONT will be indivisible; only multiples of 1 NEP-5 ONT will be able to be exchanged for MainNet ONT.
About Ontology’s previous airdrops
Newsletter subscription airdrop
Individuals who successfully subscribed to Ontology’s newsletter were invited to take part in KYC to receive 1,000 ONT. The KYC deadline has already passed, and results were sent out on Monday, February 12, 2018. No new submissions can be made, and no details submitted can be changed. Those who passed KYC will receive their ONT in Q1 2018.
NEO DevCon attendees airdrop
NEO Devcon 2018 attendees who physically handed in their passes with their email address written on it to the Ontology booth will receive 500 ONT. An email requesting NEO addresses from these individuals was sent out on Wednesday, February 7, 2018. Further instructions will be sent later.
Announcement: NEO will airdrop ONT to the community
https://neo.org/blog/details/3061
Dash Core Group Q4 2017 Summary Call
Binance might have been hacked. Hope ur coins are safe I. A hardware wallet. NEVER leave ur coins on ANY exchanges for longer than 15 minutes.
Binance has suspended trading. The company claims that they are doing a system upgrade and will resume at 2:00 AM GMT Friday. While I have no hard evidence, rumours are flying among top crypto influencers that they may have been hacked. Will keep you informed.
— John McAfee (@officialmcafee) February 8, 2018
RaiBlocks rebrands to Nano. We all saw what rebranding did to antshares. Actually, I’m probably the only one here. Lol
Lots. NEO is gonna skyrocket. Ethereum of China. ICO’s already built on their platform. ADEX being the first. Plus you get GAS dividends for HODLing :) The chart correlation between NEO & GAS is a traders dream. IHUBers will eventually wake up.
IHUB is really slacking in the crypto space. SMH. People will be swarming to the NEO board soon enough. Posted to the people on the Litecoin board to load up on NEO on Monday night but my post was deleted. SMH. So I looked up NEO and no board was even created. SMH. Anyways, welcome. You own any NEO?
Soon enough people will be flocking to this board.
I’m a shitty trader but there’s no more than 3 other people on ihub who might equal my knowledge and sources on this space. 3 is probably high as well.
Nothing. Do what you want. GL
It’s the day after Valentine’s Day. Duh
I thought we’d never see these crypto prices again. Very happy camper. I’m like a kid at the candy store :)
I love shopping at the flea market :)
If the Litecoin brand continues to grow in name recognition, all you HODLers will become filthy rich in due time.
Hence why coinbase changed their debit/credit card merchant codes to casino gambling. Banks are now charging their customers cash advance fees when using their cards on coinbase.
Don’t ever think I’m not bullish on Litecoin or the crypto market in general long term. I just happen to be lucky enough to have access to a crystal ball that 99% of you don’t. Frankly, I don’t care who knows it because this is an UNREGULATED MARKET for now. GL
I’m not a trader. I HODL. We’ve already had quite a few big dumps already in 2018. Will we see anymore? I’m sure there will be. Are we at the bottom? Friday’s low is most likely the bottom of the year in cryptoland that we may revisit over the next ten days or so. Will Litecoin revisit its low? No.
Lol. In cryptoland, this move doesn’t constitute a weeeee. Regardless, congrats! :)
Your woody isn't getting bigger???
Congrats my man. Keep it up!
This volatility must be giving you traders a woody
Feb 15
Most people can't fathom the possibilities of Blockchain technology. Cryptocurrencies is to Blockchain like email is to the internet. Before full adaptation of the internet to the masses, everyone "needed" to have an email account to function in today's world before the internet became what it is today. Same thing is occurring with Blockchain technology. Cryptos is the mechanism being used to implement this technology to the world.
2 weeks
Caixin.com, China's most influential financial media, predicted that LTC has the lowest risk among 100 cryptocurrencies.
https://mobile.twitter.com/TheRealXinxi/status/958979428188499968/photo/1
Professionals here dominating!!!! Congrats!!!! Keep it up!!!!
It’ll be just another day. GL
Good for South Korea. The question you should ask yourself is why people are embracing cryptos. I’d be impressed if you can provide the real answer
It’s the day after valentines. Probably lots of FUD between now and then. Buckle up, accumulate, and HODL
Just saying 14 more days til feb 15th
14 more days
India is not Banning Cryptocurrencies – Stop this FUD
https://itsblockchain.com/india-not-banning-cryptocurrencies-stop-fud/
Classic FUD!!!!!!
At least you’re smart enough to get into this space. Cheers to you on that. I encourage you to continue educating yourself on this space. GL
GL with that $100k buy limit! You’re gonna need it! On the bright side, if you do accumulate 1000 LTC, you’ll own more than 99.75% of the existing Litecoin wallets out there! GL!
Not all at once. You’ll need your limit to reload which it gradually does over a one-week time period. Surprised you don’t know this. Seems like common knowledge to a crypto investor
For certain ICO’s like Kodak, yes. You need to be an accredited investor. To purchase cryptos from an exchange such as Coinbase, buy/sell limits are determined by these factors as well. You can’t just deposit $100k into Coinbase and purchase at will. You can make the wire transfer for that amount but you will still have limits until income and net worth information is provided and verified. At Coinbase is notoriously slow processing such limits if they approve you at all.
You tell me. What exchange are you on? What’s your buying limit? Is your net worth over $1 million? Do you earn over $200k? Have you been in cryptoland over a year?
Plus you’d need one hell of a buying limit from a crypto exchange. Highly unlikely you have that limit
You’d own more Litecoin than 99.75% of the Litecoin wallets out there then. GL!