The developers of NEO issued a statement in which he apologized for the unrest of recent days, involuntarily caused by them in the community.
We will remind that last Friday the company published a poster in Chinese, the text of which read something like this:
«Progress does not stop. By the time you read this, you will already stand with NEO on the path to changing the world. There are 3 days left before something happens. Until then life is good.»
After that, the chats Telegram began actively to spread rumors that on Monday, November 20, the Chinese authorities will introduce new rules for the regulation of cryptocurrencies in the country, and NEO will be chosen as the main Chinese crypto-currencies. As a result, the rate of NEO grew by 29%.
Now the company explained that the past weekend was really important for NEO, but he had nothing to do with the Chinese government.
First, at the conference in Shanghai was presented a new public platform for distributed Ontology networks.
Second, NEO together with Microsoft China has launched a contest for developers with corpname prizes and invitations to NEO DevCon in Silicon valley.
Third, several members of City of Zion, a member of the NEO community, published a White Paper on decentralized exchange NEX.
NEO Council explained that all these events are important to the ecosystem NEO. Publication of the teaser, the developers wanted to attract the attention of the community, but did not expect that this will lead to the consequences that took place in the following days.
«Until the publication of this «ads in the ad» we discussed the effect that this approach can have. Watching the projects that used a similar marketing strategy, we knew that the community would expect a major news such as the announcement of a large-scale partnership. In the end, we decided that the expected event is comparable to large partnership and decided to publish a teaser. We heard you and we understand that you would like us to refrain from such approach in the future,» says the project’s blog.
As for regulation, the spread of rumors on this subject really surprised the developers of NEO:
«What we didn’t expect is that people will start to speculate about the regulation in China. For us, natural that the regulation comes from government, not from the project open source».
The representatives of the NEO explained that on Saturday, when they began to spread rumors, they worked on the presentation Ontology. On Sunday, when it became clear that the community expects changes in the regulation, they clearly stated in the channel in Slack that they did not plan to make announcements on this topic.
«We would like to repeat that NEO is a project open source, and conformity – the basic design philosophy for this project. It’s a big jump to move from compliance of regulatory standards to the point at which regulations are changing to accommodate the NEO platform, Our true goal is to build an ecosystem within the existing legal framework», – stressed in the NEO.
As for the «new» events, which the developers planned to announce on Monday, it was a competition organized by Microsoft and NEO DevCon in Silicon valley. However, on Friday the leaked data and the template of the website of the competition spread in the network. As a result of surprise failed.