Neo Releases $11 Million From Cold Wallet to Fund Itself Through 2020

Neo Releases $11 Million From Cold Wallet to Fund Itself Through 2020 Neo Releases $11 Million From Cold Wallet to Fund Itself Through 2020

The Neo Foundation announced on March 25 that they have released the necessary funds to continue operating for the 2020 Fiscal Year (FY). A total of 1,660,865 NEO worth approximately $11 million was released, with 27,800,303 NEO ($190 million) still remaining.

According to its blog post, the Neo whitepaper allows the Foundation to sell its stake of NEO to “support Neo's technological development, ecosystem growth, community expansion.”

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