April 20, 2018BLOG

NEO Sponsor Giveback Plan Extension Announcement

By Neo Global Development

Dear contributors to and supporters of the NEO community,

We deeply appreciate your continuous contributions and support for NEO!

Over the course of the past year, NEO has gained sufficient funds and resources to support its R&D and ecosystem development efforts for the foreseeable future. That’s why we launched the “NEO Sponsor Giveback Plan” between December 5th, 2017 and March 15th, 2018, designed to unconditionally give back to NEO’s early sponsors. We promised such a plan to the community and have been glad to receive a positive community response.

We have also opened an information resubmission channel to give early sponsors more time to participate. Please read the《NEO Sponsor Giveback Plan Implementation Details Announcement》 for more details.

Until now, we have received and fulfilled 558 requests in total. The actual amount issued totaled 15,546,943.58 RMB—equal to 52.46% of the total amount initially raised. The giveback pool funding came from the unspent portion of the funds raised during the early fundraising rounds.

However, given that a small number of early sponsors haven’t provided the information necessary to claim a giveback, we have decided to extend the NEO Sponsor Giveback Plan. During the extension period, the information submission channel will remain open in the hope that we are able to give back to every NEO sponsor. Visit the page below to submit your information if you haven’t yet: https://neo.org/giveback. 

The channel will close at 23:59 (UTC+8) on May 31st, 2018, after which there will be no further extension. Once the giveback finishes, the remaining funds raised before will be donated to academic research institutions on behalf of the NEO Foundation.

In carrying out the giveback plan, NEO has become the first open-source blockchain to give back sponsors’ entire contributions. Thank you to all sponsors and current community members. Through joint effort, we can continuously improve NEO and implement our shared vision.

NEO Foundation