Community Trust ScoreVerified
The Neo Legacy MainNet is scheduled for upgrade at 08:00 a.m. (UTC) on Sep. 13. After the upgrade, Neo Legacy will cease generating GAS at block height 8M. Users running Neo-CLI nodes on Legacy must upgrade to the new version before then to avoid a resync.
Da Hongfei expressed: This is the end of an era and also the beginning of a new chapter. Neo Legacy MainNet is scheduled to stop GAS generation at block height 8,000,000. NGD will run the Neo Legacy MainNet upgrade at 8 am GMT on 13th Sep, 2021, if Testnet runs well. Attention, everyone, N3 is here.
Community response: Mr. Da HongFei, first of all, congratulations, very good project, perfect update, perfect team, but, why zero marketing.
Wait, what, what is going on? New Neo blockchain? What do I do with my NEO and my gas, and all my other tokens on that blockchain? Does that mean I don’t get gas anymore if I haven’t switched yet? Furthermore, do I have to switch, and if yes, when? Those who have concerns are advised to check Migration – NEO Smart Economy.
Good news, now start marketing, so people get to know NEO again. I can’t wait to see N3 become more successful. Amazing milestone.
Meanwhile, Neo Smart Economy expressed: Can’t wait to try N3 first? It’s time to join Neoverse now! Today marks the beginning of the final phase for Neo N3 MainNet rollout as mass migration goes live, and this is just the beginning of our brand new journey. Bonuses are at 1%, and it is set to decrease over the two-month period.
All of these news are like music to the ears for NEO holders.
The Neo Council is currently voting on a proposal to reduce GAS fees ratios on Neo N3 to 1/5th of the current values. NNT has voted in favor of this proposal. Based on the current USD value, fees on a transfer of 1 GAS would be reduced from approximately $0.56 to closer to $0.10.
Community response: Will it impact the fees on bids? Yes, it affects any normal network usage like that. But the current proposal does not change the fixed fee settings for candidate registration, oracle request, and the base fee for contract deployment.
I would not change that fee. It reduces the Network fee per byte, Storage fee factor, and Execution fee factor by 1/5. Reduced NFT contract creation fees would be a great proposal too.
Meanwhile, critics were like; 0 exchanges have listed the new token N3 token. Do you expect people to make a non-reversible trade on pure speculation that it will get listed? I should have had that in place first! Now, if within a year, if not listed, ALL coins will be worthless! What is up?
