Fly-by Air Drop is my goofy way of saying — we silently received some free Master Contract Tokens. Anybody who traded ANY NEP-5 tokens had no clue they would receive one of NEO Blockchain’s newest NEP-5 tokens in their account, for free.

Per the Master Contract Token Github page, 567,442,000 MCT were airdropped to 404,453 NEO wallet addresses. The goal of this project is to solve a problem within the NEO ecosystem — the developers did not see a need for an ICO and, instead, found a more synergistic approach to gaining adoption.

For example, if you had any amount of ONT, SWH, and TNC in your wallet before May 8th, you would have received 3,000 MCT.

The Github page goes on to say this method was chosen in order to put MCT into the hands of the most active users within the NEO ecosystem. I must admit, this style of airdrop is different than I have seen in the past. Please comment below if you have heard of other Air Drops which have used a similar method where addresses receive the Air Drop for historically having tokens at some point in the past.

I am familiar with the snapshot method, in which users with coins at a certain block #/date in their address receive an Air Drop, but not one that awards the Air Drop tokens to wallets with historical transactions for certain tokens.

What About Our NEO Exchange Addresses?

Will Binance or KuCoin or Huobi Pro honor the Master Contract Token Air Drop and give us the correct amount of MCT we deserve? Remember, the funds in an account are not yours unless you control the private keys to the address holding those funds.

This is OUR call-to-action, as community members, to pressure/inform centralized exchanges to honor community-centric airdrops like this. Since we do not control the private keys to the aforementioned exchange accounts, it is up to them to decide if they will deposit the MCT into our individual exchange accounts. Meaning, they decide whether or not they take the tokens that were meant for our possession.

For more explanation on the Splyse organization and their Master Contract Token project, here’s an article from NEO News Today as well as their Github Repository with the facts.

I hope this article was at least insightful— follow along for more exciting stories on blockchain and cryptocurrencies!

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