The Power of NEO-Airdrop announcement!!!
![Screenshot-2018-5-9 NEO News on Twitter An airdrop of 567,442,000 $MCT Master Contract Tokens to every $NEO address that ha[...].png](https://steemitimages.com/DQmZcuVXg57gHuMmUQ1TkvwiidHfSuv9NSfpdAaNnqRuso8/Screenshot-2018-5-9%20NEO%20News%20on%20Twitter%20An%20airdrop%20of%20567%2C442%2C000%20%24MCT%20Master%20Contract%20Tokens%20to%20every%20%24NEO%20address%20that%20ha%5B...%5D.png)
Neo News today announced another airdrop, this time for NEP5 token holders. (link to tweet https://twitter.com/NEOnewstoday/status/994363553346924544)
If you held any NEP5 token in your wallet, prior to May 8, 2018, you are eligible to receive Master Contract Tokens (MCT), you are not eligible if you only held NEO. You will receive 1000 MCT's for each NEP5 token you held, for example, if you had RPX and ONT then you will receive 2000 MCT. Please keep in mind that if you held your NEP5 tokens on an exchange, there is no guarantee you will receive the airdrop. You will need to contact the exchange that your NEP5 tokens are held to inquire if they intend to distribute MCT to their customers.
A common question that arises each time there is an airdrop announcement is, "If my coins are on an exchange will I get the airdrop?" What many do not understand is, the exchange will get the airdropped coins, but they choose whether or not to distribute to their customers. If they do decide to honor the airdrop it will most likely take a while, that is why it is always better to have your own wallet that you hold the keys to.
The Master Contract Token was developed by Splyse, the same development team as Hashpuppy. MCT was developed to solve a limitation in the smart contract functionality of NEO.
The following explanation taken from NEO News,
(Whilst NEO smart contracts can receive funds, it has not yet been possible to programatically trigger a send action on-chain. Send transactions require triggering by an external piece of code that exists off-chain, such as a wallet.
MCT solves this issue by first modifying the existing NEP-5 “transfer” implementation, adding the “GetContract(scripthash)” NEO API call. Upon transferring MCT tokens to a smart contract, the MCT smart contract will check the receiving scripthash against all the deployed smart contracts on the network. If a match is found, it will then invoke the “OnTokenTransfer” operation in the receiving contract.
The “OnTokenTransfer” operation can be written to perform any function, including the automatic execution of a send transaction.
If either a matching scripthash is not found, or the receiving smart contract does not support “OnTokenTransfer”, the transfer will fail. This protects users from sending tokens to a smart contract that doesn’t exist, or does not support the receiving of tokens.)
There were some issues previously when users thought they could purchase Ontology tokens with NEO. Using their Neon wallet, NEO was sent to the Ontology smart contract. Since the code was left out that would allow the contract owner the option to spend assets, the NEO could not be refunded and essentially burned. When this happened several people took to telegram asking Ontology to credit them tokens to replace the NEO they lost, I am not sure how this was rectified or if it was. I would like to clarify that this was an error in judgement by the NEO holders as there was no crowd sale for ONT. Granted, in hind sight, ONT should have included the code but in their defense the NEO holders did not do their due diligence.
Going forward hopefully MCT can prevent something like this from happening and all will remain happy in NEO land. This is just another benefit to the NEO blockchain and I see great things ahead for the NEO community.
Use the following link to read the full article from NEO News https://neonewstoday.com/development/splyse-airdrop-master-contract-tokens-to-nep-5-users/
Join MCT on discord https://discord.gg/EneedC8
MCT github https://github.com/Splyse/MCT
Please read more about The Power of Neo on my blog https://steemit.com/@mistib
The script hash to add MCT to your Neon wallet is a87cc2a513f5d8b4a42432343687c2127c60bc3f
Other NEO wallets
Morpheus https://www.morpheuswallet.com
O3 labs (mobile) https://o3.network
I only had NEO, GAS and an airdrop of 25 The Key nep 5 tokens I received earlier. I added the script hash of MCT in the NEOn wallet. But I don't see any MCT tokens (MTC is not listed in the NEON wallet even after adding the script hash.) So it seems I did not get anything? Is this correct?
They made an announcement for anyone that had not received the airdrop to go to their discord channel and they will take care of it for you. You should receive 1000 MCT for having The Key and 1000 for gas. The airdrop was only for NEP5 tokens.
Thank you for this info! I will give it a try.
Seems like I got the The Key airdrop 2 days too late for it to count :(
Oh no, well I bet there will be more airdrops soon!! There are frequent Nep5 airdrops so I try to always keep a few of all in my wallet.
Yeah, I hope that one day I will get a good airdrop like ONT.
You will, just hold neo and a few of all nep5 in your wallet. Participate in NEO powered ICO bounties and follow telegram for announcements.
This is once more a great example of a serious business. I like NEO and the philosophy behind it. And this might be a big thing once more.
ONT is a very good example of how you can benefit from holding NEO.
I am curious what is next.
See my latest blog for even more NEP-5 airdrops. This has been an exciting week for the NEO ecosystem. I stay motivated to cover this subject because there is always something great going on. Many great things to come for NEO!!
any want sell or buy MCT?