PANews reported on April 29 that Neo officially announced that it would shut down the Neo Legacy network, which has served the Neo ecosystem for more than 8 years since its launch in 2016. As the Neo ecosystem launches the next-generation blockchain Neo N3 in 2021, Neo has decided to shut down the Neo Legacy network in 2025.

The Neo Legacy testnet will be shut down on June 1, and the mainnet will be shut down on October 31. Users must migrate their assets and smart contracts to Neo N3 before the shutdown, otherwise they will be permanently lost.

According to previous news, Binance will delist the recharge and withdrawal of designated tokens of the two networks on April 14 .