Phase 1 of the NEO EcoBoost Program Officially Launched

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While the entire digital currency market is experiencing positive changes, the announcement by NEO has got the community excited. NEO has launched the first phase out of its 3-phase EcoBoost program on 26th June 2019. The announcement was done on their official micro-blogging handle, which was later followed by a thorough blog post on the same day.

Phase 1 of the EcoBoost program is referred to as Partner Recruitment and as the name suggests, it aims towards recruiting official ‘EcoBoost partners.’ NGD, short for NEO Global Development, wants to establish partnerships of long-term nature with wallet providers, media outlets, decentralized application distribution platforms, as well as large-scale organizations like universities and exchanges in Phase 1 of the program. The entity has already received numerous applications from prominent projects and institutions active in the space.

Apart from financial support, the emphasis has been put on achieving added value in terms of technical support, market exposure, publicity, and liquidity stimulation through this partner program.

These partnerships are meant to offer a solid support network to all the projects taking shape in the ecosystem of NEO throughout the project lifecycle, right from the seed stage to the growth phase. These partners, on the other hand, will be receiving complete NGD support and obtaining wider access to the network of NEO along with its community. NGD also believes these long-term collaborations will play a key role in boosting the ecosystem’s growth and achieving their ultimate mission of Smart Economy.

As we already know, Da Hongfei, Founder of NEO and CEO of NGD, had announced the 100 million dollars EcoBoost program at Consensus 2019 on 14th May 2019. The EcoBoost program as a whole was developed to extend support to NEO ecosystem’s project participants and developers. The entity wants an increasing number of partners and projects to take advantage of NEO’s strong technical foundation and community presence coupled with deep-rooted experience that spans years.

Through NEO EcoBoost, growth support will be offered to projects, right from 0-1/1-N of the project development phase. By collaborating with suitable partners, the ecosystem will attain efficient, enriched, and benignant community operations.

While the 1st phase has been launched, Phase 2 of the program is known as Project Recruitment followed by Phase 3 titled Acceleration. The second phase will see NGD publicly inviting teams involved in developing projects in the likes of developer tools, public infrastructure, or dApps for NEO network. In the third phase, the requirements of the ecosystem’s projects would be matched with the resources offered by the partners in order to accelerate the development.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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