Coinlist announced today that the $NEON token sale will start on June 9th, 2023 at 1:00 AM Taipei time (June 8th, 2023 at 5:00 PM UTC).
Neon is an EVM-compatible solution on the Solana ecosystem that brings Ethereum compatibility to the Solana blockchain. Neon EVM provides a low-friction solution that enables Ethereum dApps to run on Solana, allowing Ethereum developers to enjoy the low fees and high transaction speeds of the Solana network.
Announcing the Neon Community Sale on CoinListhttps://t.co/DXJbUUv1eJ
Not available for residents and persons of the United States, China, Canada, South Korea, and certain other jurisdictions. pic.twitter.com/gvoyweJH1L
— Neon EVM (@Neon_EVM) May 19, 2023
50 Million $NEON Tokens Available for Sale
According to the announcement, there will be 50,000,000 $NEON tokens available for public sale at a price of $0.1 per token, and all tokens will be unlocked by July 17th or earlier.
Registration is now open and will close on June 5th at 8:00 PM Taipei time (12:00 PM UTC on June 5th). The public sale is not available to residents of the United States, China, Canada, South Korea, and some other jurisdictions.
According to official documents, the NEON token is the native token of Neon EVM. It is used for:
- Paying gas fees: as a payment method for transaction fees (such as transfers, dApp deployment, and interactions with dApps) on the Neon platform.
- Governance: used for governance voting in the Neon DAO.
The NEON token features no inflation or deflation, and 50% of transaction fees will go to Solana validators, while the other 50% will go to the Neon DAO treasury.
Neon Labs, the development team behind Neon, raised $40 million in funding led by Jump Capital in November 2021, with participation from Solana Capital, Three Arrows Capital, IDEO CoLab Ventures, and others.