Da Hongfei (@dahongfei): FAQ: Is the 1 Million $NEO Pre-Funded Supply Sufficient for Neo Bond?

FAQ: Is the 1 Million $NEO Pre-Funded Supply Sufficient for Neo Bond? The 1M NEO is pre-funded to signal a legitimate Neo Bond address, ensuring users can easily identify its authenticity. It’s not necessarily the whole payout reserve. If the 1M NEO falls short, Neo Foundation has sufficient reserves to cover the price protection. One can argue that the maximum NEO tokens needed for a $5 price protection could be infinite if NEO drops to zero so long as the payout is NEO tokens. However: 1⃣ Neo Foundation has adequate (>$25m) non-NEO assets to honor the protection in full. 2⃣Reasonably speaking, the chance of NEO going to "almost zero" in 30 days is also "almost zero." 3⃣The recent irrational selloff from a whale is likely over as observed on-chain, reducing market pressure.