There will be one last season and then it will be shut down.
Total Reward Pool is 70000 Steem.
Season I - 6800 Steem check
Season II - 6800 Steem check
Season III - 6800 Steem check
Season IV - 6800 Steem check
Final Season V - 42800 Steem
Total: 70000 Steem
Last season before shutdown:
Season V starts on March 27, 2020 19:00:00 UTC
So if no one picks up the torch and continues with nextcolony that will be most likely the end.
RE: What's going to happen with nextcolony.io