Implementation Details of "NEO Sponsor Giveback Plan"
Dear NEO community contributors and supporters,
"NEO contributor rewards program" has started.
Who will be rewarded?
Rewards will be given to all contributors from seed round, ICO1 and ICO2.
How contributors get rewards
We will contact contributors from seed round directly for relevant information.
Contributors from ICO1 need to log into Weangle and get the 20-digit redemption code in the personal center and go to the Sponsor Giveback Page to enter Weangle email address as well as redemption code and then fill out relevant information.
Contributors from ICO2 enter the private key used in ICO and relevant information on the Sponsor Giveback Page directly.
Note: For participants from ICO1, if you forgot Weangle or fund password, or your bound cellphone number or changed verifier cannot receive verification code, please contact [email protected]
For participants from ICO2, if you lost your private key, please email your reliable proof to [email protected]; otherwise, you will not get the rewards.
Time for contributors to fill out information:
From today to March 15###sup/sup###, 2018
When will the rewards be given:
All rewards will be given between March 16###sup/sup###, 2018 and March 31st, 2018.
The value of rewards is determined based on equivalent RMB of currencies contributors contributed. Contributors from ICO 1 and ICO2 participated with BTC. The value of rewards will be calculated according to then BTC/CNY ratio (when ICO1 was finished, 1 BTC amounted to 2183 CNY; when ICO2 was finished, 1 BTC amounted to 4128 CNY. The data are from OKCoin.com).
The value of rewards for contributors from seed round will be the same as the RMB they contributed.
All contributors could accept either RMB or NEO.
If contributors accept RMB, they need to fill out a Chinese Mainland bank card number, bank name and account holder's name.
If contributors accept NEO, they need to fill out NEO address. The number of NEO will be calculated according to the NEO price when the rewards are given. If any decimal comes out, the number will be rounded down. The decimal part will be given in the form of GAS.
If one person contributed 0.14 BTC in ICO1, then the rewards for him would be 0.14*2183=305.62 CNY. If he accepts RMB, he will get 305.62 CNY directly. If he accepts NEO, and if the NEO price is 300 CNY and GAS price is 200 CNY when the rewards are given, then he will get ⌊305.62/300 ⌋=1NEO and (305.62-1*300)/200=0.0281GAS.
If one person contributed 1 BTC in ICO 2, then he would get 1*4128=4128 CNY. If he accepts RMB, he will get 4128 CNY directly. If he accepts NEO, and if the NEO price is 300 CNY and GAS price is 200 CNY when the rewards are given, then he will get ⌊305.62/300 ⌋=1NEO and (4128–13*300)/200=1.14GAS.
Explanation of use of the rewards fund
Fund totaling about 30 million CNY for the rewards program is from the surplus of contributions from seed round, ICO 1 and ICO 2.
For contributors who accepts NEO, NEO council will spend the surplus buying NEO. 50% of NEO managed by NEO council will not be used in this rewards program and will only be used to build community ecosystem.