Cryptocurrency - $NEO
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Cryptocurrency - $NEO
Neo
Neo is an open-source, community-driven platform that leverages the inherent strengths of blockchain technology to optimize the digital world of the future. It uses blockchain technology and digital identity to digitize assets, smart contracts to self-manage digital assets, and a distributed network to achieve a "smart economy". Neo promotes itself as an ecosystem of "rapid growth and development" that aims to be the foundation of the next generation of the Internet.
Neo is using two native tokens, NEO and GAS. NEO has 100 million tokens in total and was used to manage the network, such as voting for bookkeeping, changing network parameters, etc. 1 token is the minimum unit of NEO.
GAS is a fuel token with a maximum total limit of 100 million. It is used to pay fees for transactions that are being conducted on the network, and the operation and storage of tokens and smart contracts. Its minimum unit is 0.00000001.
Neo was first launched in 2014 known as Antshares by Da Hongfei and Erik Zhan. It was considered the Chinese first public blockchain. Then it was rebranded as Neo in 2017. Users can trade Neo on exchanges such as Binance, Huobi Global, OKEx Polonies, and HitBTC. It's not available globally and is not supported by some exchanges such as Coinbase.