NEO token holders are getting rewarded with ONT tokens via a free airdrop. Ontology had earlier announced that it would donate 10 percent of ONT’s maximum supply, or 100 million tokens, for feedback and support from the community.
Significantly, some users have confirmed on Reddit that during the weekend, they received the airdrop. Users could also gain access to their free airdrop with the help of ONT blockchain. ONT, which is a blockchain-based project, indicated that as much as 1000 ONT tokens worth about $4,000 were already airdropped to the users who have completed their KYC requirements and signed their mailing list.
The latest move is in accordance with its previous blog announcement in March, wherein they indicated the allocation of about 53.75 percent of the total circulating supply for different developments and alliances.
NEO Dubbed As China’s Ethereum
Often NEO is branded as China’s Ethereum because of its smart contract basis. However, NEO’s roots are firmly tied to the blockchain R&D firm Onchain and Ontology.
Most recently, NEO has declared that it would foray into a new decentralized era. The firm has relaxed its own restrictions, thus enabling other groups to manage network nodes. Following this, there was a spurt in the price of NEO. In any case, NEO would continue to have a say in electing consensus nodes, while its decentralization claims have encountered skepticism.