Neo Foundation reported on the extraction of 1,660,865 NEO tokens (about $ 11.3 million on the change charge on the time of writing) from the chilly pockets to assist its actions.
We now have some updates on the #Neo Foundation FY 2020 financial planning. Moreover, hold tuned for the FY2019 annual financial report which is able to possible be released rapidly.https: //t.co/UWFNSM1QIz
– Neo Smart Financial system (@NEO_Blockchain) March 25, 2020
Tokens had been transferred from the “blocked account to the current”, on the stableness of which it contains 14 608 325 NEO (practically $ 100 million), March 24. The funds will possible be used to develop the Neo neighborhood, develop the group and the work of the group.
As well-known throughout the message, the annual costs of the continued functioning of the ecosystem mustn’t exceed 15 million NEO tokens.
In addition to, the Neo Foundation promised throughout the shut to future to submit a financial report for 2019.
Recall in September Neo launched three new merchandise: the NEO • ONE developer framework, the NeoFS distributed file system, and the NEO Blockchain Toolkit.
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