Neo N3 MainNet launches, token migration plan for NEO and GAS released

[RSRS]

Neo has finally achieved its N3 MainNet launch and released the token migration plan. Over the course of the next week, the new network will be deployed and critical infrastructure activated. NEO and GAS holders will be able to start migrating tokens as early as Aug 9, though mass migration incentives will not begin until Sep 1.

Since the first vision of Neo 3.0 was laid down 3 years ago by Erik Zhang, contributors from all around the world have come together to build a feature rich dApp platform. Neo’s core developers have met the task of packing vital native functionality such as oracles and on-chain governance into the network.

Meanwhile, community groups from Europe, Asia, and the Americas have sought to provide a best-in-class user and developer experiences for key infrastructure across numerous languages and userbases.

As the mass adoption of N3 begins, users will have two alternate options for when to participate in token migration.

Early bird
The first opportunity for migration will open a week after MainNet launch on Aug 9, giving early access to voting under Neo’s new governance system. NEO holders who vote for a Neo Council member will split GAS rewards, potentially enabling early adopters to access higher than normal GAS incentives.

A notable downside of this process is that many wallets and exchanges will not yet offer support for N3. Since it is not possible to migrate tokens from N3 back to Neo Legacy, users that migrate within the first few weeks may find themselves unable to trade tokens for a time.

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