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Binance joins Neo Council, 2.1 million NEO used to secure two Top 21 positions

Binance Staking has secured two positions on the Neo Council. At the time of press, Binance has voted with approximately 2.1 million NEO to secure its places in the Top 21. Binance is the world's largest custodial exchange with nearly US $9.07 billion in 24-hour volume, according to CoinCap.io. Binance Staking is a service that allows users to earn distributions offered on proof-of-stake or other networks that distribute rewards to participants. The platform provides two types of staking: flexible and locked. Flexible staking offers fewer rewards but allows users to move the underlying assets at any time. Locked staking requires users to deposit a token for a specific time frame but provides higher yields. For example, a minimum of 0.01 NEO locked for 15, 30, 60, or 120 days will earn increasing yields of 5.79%, 7.49%, 8.79%, and 13.56% (made in GAS distributions), respectively. In the announcement post, Neo Global Development said "Binance Staking's new membership in the ...
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Meet Your Neo Council Community Candidates



With the launch of N3, the Neo community has the power to elect a 21 member council to manage the Neo blockchain. The Neo Council will consist of council members and consensus nodes who provide services, maintain the network, and adjust critical blockchain params. NEO holders are rewarded with GAS tokens for successfully voting for a council member.

Every NEO token is worth one vote, and it is important that you use your votes to elect candidates that you feel will best represent your values when making governance decisions. It is also important that you elect council members who have a solid understanding of the Neo blockchain and are capable of carrying out the responsibility of operating a council node.

To ensure a smooth transition from Neo Legacy to Neo N3, the Neo Foundation has used its own NEO to vote in an initial Neo Council, comprising seven NF nodes, four Neo Global Development nodes, and 10 community run nodes.

But from here it is all up to you. You may vote in or vote out anyone you like. Anyone is free to register as a council candidate. This is an important step towards Neo's goal of decentralization.

To help you become familiar with your current candidates, each of the 10 community groups elected into the initial council have provided a general introduction below (listed in alphabetical order). Within these statements, you will learn about their relevant experience, commitments to the Neo ecosystem, and pledges to you as a voter.

We are sure you will find a representative that is right for you.  

For more information on how governance works on Neo, visit neo.org/gov.

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