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in cryptocurrency •  7 years ago 

NEO

Referred to as the “Chinese Ethereum”, but is NEO a sleeping giant? Many cryptocurrencies have shadowed Ethereum’s legacy but is NEO any different?

What is NEO?

The purpose of NEO is to swap commercial value in the real and virtual world in real time. Its the first decentralized, open source cryptocurrency in China. NEO is different because it allows developers to code in their preferred coding language. Several languages are currently supported and those are, C#, VB.Net, F#, Java, Kotlin, Python.

NEO’s Beginning

NEO launched in 2014 but it went by a different name and that is Antshares (ANS). It wasn’t mid to end of 2017 when ANS was rebranded as NEO. The rebrand was part of NEO’s developers effort to lead blockchain development in China and around the world.

NEO conducted a token sale in 2 phases with stage one starting in October 2015 which sold 17.5 million tokens. Phase 2 started in August 2016 and sold 22.5 million tokens. Both phases totaled 8,220 BTC and at the time was worth $5 million.

The Future for NEO

Partnerships with software giant Microsoft and Alibaba prove theres a good future for the coin. Microsoft announced active ongoing projects with NEO and plan on linking NEO to its Azure blockchain platform. NEO also has big plans to dominate China’s blockchain industry as currently its the only open source blockchain project in China.

Final Thoughts

NEO is rank 6 on coin market cap for a reason so its defiantly a coin to buy a few or at least keep an eye on it.

I am not registered as an investment adviser with any federal or state regulatory agency. The Information should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information provided for informational and educational purposes only.

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7 years ago by

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      ·  7 years ago 

    Love NEO and I was looking for an opportunity to BUY and I guess I'll do it tomorrow morning. Some analysts are saying that this is the final retracement before a rise. Cheers

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        ·  7 years ago 

      I would agree with that. NEO in the $100 range would be nice, though! The charts are certainly coiling up for a fairly solid move in either direction. Check out my analysis here: https://steemit.com/cryptocurrency/@shanghaipreneur/cryptocurrency-global-market-cap-technical-analysis-with-charts

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          ·  7 years ago 

        Nice! I read your article. You got my follow

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            ·  7 years ago 

          Thanks! I'll try to keep the crypto world sane through every FUD-FOMO cycle!

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