New Token Sale on CoinList: Introducing the Neon Project
Following the CyberConnect ICO, the CoinList platform has made an unexpected announcement of a new token sale. This time, they are introducing the promising Neon project.
What is Neon?
Neon is an EVM-compatible network on the Solana blockchain that enables the deployment of Solidity-based smart contracts (decentralized applications). This project aims to address one of Solana's key limitations β the less widespread Rust programming language β thus potentially attracting new developers to this ecosystem. Additionally, users of EVM wallets, such as Metamask, will benefit from the ability to conduct fast transactions with significantly lower fees.
Uniting the Advantages of Solana and Ethereum through the Neon Project Source: CoinList
The project was founded in 2021, and in November of the same year, it secured $40 million in funding from prominent venture capital firms, including Jump Capital, Solana Ventures, RockawayX, IDEO CoLab Ventures, Ethereal Ventures, and Three Arrows Capital.
NEON Tokenomics
NEON is an SPL standard token required for paying transaction fees in the Neon EVM and for participating in the Neon DAO's voting process. The gas payment mechanism in the Neon EVM operates as follows:
- Users pay NEON tokens to the NEON EVM operator for each transaction.
- The EVM operator, in turn, pays the Solana validator and the DAO treasury.
Gas Payment Mechanism in the Neon EVM Source: CoinList
The total supply of NEON tokens is 1 billion. The token distribution scheme is as follows:
NEON Token Distribution Scheme Source: CoinList
Sale Terms on CoinList
- Sale Date: June 8
- Total Tokens for Sale: 50 million (5% of the total token supply)
- NEON Price: $0.1
- Lockup and Release: 100% unlocked during the TGE (Token Generation Event) on July 17, 2023
- Minimum Purchase Amount: $100
- Maximum Purchase Amount: $500 (The limit can be increased to $1000 upon request)
How to Participate?
To participate in the ICO on CoinList, you need to register on the platform and complete the KYC (Know Your Customer) verification process. Please note that the verification process may take some time. Additionally, you need to register for the sale by June 5th through this link. You can find all the details there. Please be aware that there are restrictions for citizens of certain jurisdictions.
During the token purchase registration, you will be required to answer questions related to the Neon project. Here are the answers:
- 50,000,000;
- Users in the waiting room for the sale will be given a random spotβ¦;
- Neon is an EVM that allows Ethereum dAppsβ¦;
- USDC, USDT;
- $0.10 per token, $500 max purchase amount;
- The user's purchase may be canceledβ¦;
- CoinList.co;
- The user's account will be terminated...
Dmytro Litvinko
Author
Has been exploring the enigmas of the crypto industry since 2017, transforming them into accessible narratives. Relies on dark chocolate and nuts as a secret source of energy and inspiration.
