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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