Neo Has Published the Return Schedule for NEO Tokens Contributed to the Neo Bond Program

Neo has published the return schedule for NEO tokens contributed to the Neo Bond program, along with additional guidance for cases involving custodial exchange wallets

Neo is getting ready to return tokens contributed to the Neo Bond program and has outlined the schedule and process for the payout, which also includes guidance for custodial exchange wallets and deposits that exceed the program's contribution cap.

The Neo Bond program, launched in early April, offers two main benefits to participants.

Firstly, eligible contributions—those made before the 5 million NEO cap was reached—will accrue interest at 50% APY, which amounts to approximately 3.44% over the program's 30-day duration.

Secondly, the Neo Foundation (NF) has instituted a price protection guarantee, ensuring a minimum valuation of $5 per NEO at the time of return. In the event that the market price falls below this threshold, the NF will cover the difference to users based on the Time-Weighted Average Price, or TWAP, recorded on CoinMarketCap on May 5.

As per the announcement, the return of contributed NEO will commence on May 6 at 4:00 a.m. (UTC) and will be issued in daily batches. Each batch will encompass deposits made within a 24-hour window, kicking off with the initial period from April 5 at 4:00 a.m. to April 6 at 3:59:59 a.m. This schedule will continue until all contributions have been processed.

In addition to the standard payout procedure, Neo will be handling three edge cases separately:

* Any contributions detected after April 24 at 11:59 p.m. will be individually assessed by the NF and may be included in a separate payout.

* For contributions made through custodial exchange wallets, the exchange will be responsible for distributing the tokens and interest to respective users. The NF will transfer the total contribution amount to the exchange on May 12.

* In cases where deposits exceed the 5 million NEO cap, which will not accrue interest or qualify for price protection, the excess will be returned in full to the contributor.

The Neo Bond program was designed to reward long-term supporters with short-term yield and downside protection, while keeping the program's scope manageable with a fixed upper limit. The program was introduced following an internal investigation into large-scale NEO token transfers that impacted the composition of consensus nodes and coincided with a significant decline in the cryptocurrency's market value.