Neo has officially announced the forthcoming closure of its Neo Legacy network, marking the end of an era for the blockchain platform. Launched in October 2016 as AntShares, Neo Legacy has been operational for over eight years, contributing significantly to the Neo ecosystem. During its tenure, the network produced over 14 million blocks, supported 213 types of assets, processed more than 281 million transactions, and maintained nearly 3 million addresses.
The Neo Legacy testnet is scheduled to shut down on June 1, 2025, while the mainnet will cease operations on October 31, 2025. This transition is part of Neo's strategic shift to the more advanced Neo N3 network, which offers enhanced features such as native decentralized storage, oracles, a revamped governance system, and an improved economic model. citeturn0search3
Users holding NEO and GAS tokens on the Neo Legacy network are encouraged to migrate their assets to Neo N3. The migration process involves creating a new address on Neo N3 and sending Neo Legacy tokens to a migration contract, which then releases equivalent Neo N3 tokens to the new address at a 1:1 ratio. Migration can be performed through the Neo.org website, supported wallets, or participating exchanges. citeturn0search3
To incentivize migration, Neo previously offered a token migration incentive program, providing bonus NEO tokens to users who migrated during specific periods. While the initial incentive program concluded on October 31, 2021, users are still encouraged to complete the migration to ensure continued support and access to the latest features on the Neo N3 network. citeturn0search3
For detailed instructions and support on the migration process, users can visit Neo's official migration page at neo.org/migration.
https://neo.org/migration#neoairdrop #AirdropStepByStep
