The ICO recall storm has taken has reached a fever pitch today – Neo Council has decided to allow refunds for NEO purchased during their ICO rounds (prerounds, ICO1 and ICO2). Any participants who have contributed funds during these rounds can now refund their NEO by emailing [email protected]. The council pointed out that this is not the first time NEO Council as accepted refunds – over 1 year ago they accepted refunds. During the previous refund phase, a total of 15 participants applied for refunds and a total of 50.308364 BTC was refunded. The current refund is voluntary for NEO holders and the current value of NEO is greatly above the initial ICO price.

Future of NEO

The council stated that the NEO project has enough funds to proceed for the coming years and has no intention of giving up. They assured that NEO is now a global movement, not just a Chinese one, with many international developers (eg. City of Zion)

What about other ICO funded projects?

Whilst the NEO team has enough funds to support the development of the coming years, it is not yet certain what other Chinese ICO funded teams will do. We have seen 4 recently completed ICO projects issuing refunds, but this is the first time a project that was created years ago has allowed this.

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