NEO is the Ethereum for China (at least as advertised). It was first called Antshares, got rebranding and.. soared as crazy to 60 USD per coin.
Oter than this there was other coin introduced - GAS. GAS is needed to make transaction, on ETH just parts of ETH are converted to GAS, here its different coin that stakes if you hold NEO (so you can use the coins you hold).
But it also has an advantage, the more you hold and the longer - the more GAS you get.
NEO
Its at 50% of previous ATH so may be good to enter AWOD.
GAS
Its at 15 USD now and trades just on 3 chinese markets. We can assume it will be added to Bittrex in near future.
How to Use NEO Wallet and Mine GAS
Main NEO wallet is irritating and buggy (at least to me) but they have made a light version called NEON.
Download here: https://github.com/CityOfZion/neon-wallet/releases
After installing create account and deposit NEO.
Important - you can only deposit EVEN amounts. So meet fees on exchange to send you ie 8 9 10 12 coins not 9,99.
Then load wallet and wait a bit, new button will show up to claim GAS.
Just claim it from time to time. Then you can send either GAS or NEO when needed.
Test on My Wallet If Needed
If you want you can try sending me something - AN4oCZzj1AWfcWZkkFAXdPY5MbYgAZktcC :)
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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|---|
Yeah I made that mistake on Bittrex. Bought 1 NEO but can't send it to my wallet until I cover the gas charge... Now I'll have to wait until I get some more $ deposited to liberate it!
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change it to tether, when neo is cheaper, buy it again.
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Good recommend. I hadn'd heard of tether until this and just looked it up. Looks like it's a good place to "park" dollars when the cryptos are declining. I sent you an upvote for this @taspingo and I'll be following you now. Thanks!
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tethr is always 1 USD . you can keep your money for a while till you decide to buy.
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splain this sorcery with tether
https://themerkle.com/tether-issues-an-additional-20-million-usdt-unexpectedly/?utm_medium=push&utm_source=onesignal&utm_campaign=traffic%20boost&utm_content=extended%20%traffic%boost
HomeNewsCryptoTether Issues an Additional 20 Million USDT Unexpectedly
Tether Issues an Additional 20 Million USDT Unexpectedly JP Buntinx September 4, 2017 Crypto, News TheMerkle Tether Bitfinex USDT
There are multiple developments with Tether and their issuance of USDT right now. Although the company has had some issues in the past regarding their banking situation, those problems have mostly been resolved. However, a lot of new tokens have been brought into circulation out of the blue over the past few days. This is particularly worrying because the company has yet to provide an audit or a balance sheet to explain this discrepancy.
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what did you purchase it was @longshot if you don't mind me asking?
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Just split a small stake into several items - more to start deposits into wallets and teach myself how to use different exchanges & shapeshift more than anything else. Split it 50/50 BTCÐ. With the BTC I got STEEM, NEO & BTC change. With the ETH I bought some XMR and split what was left of the ETH to convert it to EOS in the Exodus wallet. (Really LIKE that wallet as it's able to interact with shapeshift seamlessly within the wallet!)
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You've received a FULL upvote from #TheUnmentionables - a SteemIt community full of members who like to kick ass, take names, and occassionally do it wearing (or forgetting to wear) our unmentionables...
https://discord.gg/7kYYrw9
#TheUnmentionables
Please upvote this comment to help us pass out higher dollar value upvotes in the future!
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Yo ,
Very interesting read, Thanks you for sharing it!
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I couldn't agree with you more completely!!
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While I don't believe mining for GAS is profitable right now, this is a well written, easily understandable post.
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When I ask questions to @kingscrown in these posts, it feels like talking to a brick wall, also I don't think I've ever seen him respond in any comments. Anyone else feel the same way?
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Yes, you are right. He rarely replies in the comments. You can check his comments history here
Maybe he does not feel the need to do so. He has 10,000+ followers already.
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this is steemit, if you have steem power you are people, if not you are nothing, this kingscrown even use referral links and nobody flag him, I was flaged twice just because I used referral links, I even wrote a post about that, I hope the situation will change and we will all be the same here, not just rich developer became more rich
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I hope so too, I'll keep on commenting on his videos, see if he or someone else is even reading them.
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I couldn't agree with you more completely!!!
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Did you have a question you need answered? Ya know, Steemit is chocked full of intellectuals... More than you can shake a stick at 😎 So more than likely, somebody else could answer your question, too! I totally understand what it's like to have more comments and messages than patience to respond.
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Steemit is chocked full of intellectuals? Hardly. I don't see any reason why Steemit should have more intellectuals than the average social media platform. If anything many people are here after easy small money, something which many intellectuals don't look for.
Sometimes I'll have a question which needs answered sure. Other times I just want to see if the person I follow and read every day ever sees any of my comments. I know what you mean if he had 1000's of comments a day but with a few hundred a day, I reckon authors ought to spend a good 10-20% of their time simply interacting with their readers out of appreciation.
I search for "kingscrown" in the comment section in his articles but until now have not seen him comment at all. I'm sure he does very occasionally.
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Well there are a ton of intellectuals on Steemit. It's just a fact. You just commented saying if you asked questions, you wouldn't get a response... but I noticed that it really doesn't matter who answers your question, and I'v actually made new connections by random people answering my questions (: This is the first app where people actually welcome people, and it's very friendly which is an intellectual feature in itself. Plus, the average person familiar with crypto is typically an intellect by default... In my book at least.
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Fair enough
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You are correct, with so many followers somebody likely would answer.
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Even is not worth it for now, i think this is very helpful! Thank you a lot.
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If you are ok with storing it on an exchange then Binance gives you GAS when you store NEO on their exchange. Binance seems to be making the right moves to win the confidence of the traders and HODLers at the same time. I invested a little in BNB as well. Let us see how it goes.
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Very useful indeed. Will try it when I get the chance.
Thanks for posting!
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I love collecting gas, so satisfying haha :)
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lol
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How much do you get from how many neos? Is it worth it
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If you have 100 NEO (which is around 3000 USD at current rate)
You are expected to get 9.6 GAS each year.
It is not really worth it, unless NEO becomes as popular as Ethereum
You can check out the dividends at this site: https://neotogas.com/
https://neotogas.com/
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Yes you are right! there are much better proof of stake coins out there than to hold neo to get gas! Thanks for the reply and voted!
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👍
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No problem! I am thinking about investing in NEO as well :P
Which PoS coins are you looking at?
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Am looking at ember coin right now but just watchin progress right now! Also bitconnect staking is good too!
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🚀
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👏💪👍
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Bitconnect staking is good? How much capital you need to have for one token?
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Current price is around $127 per BCC!
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im buying this on bittrex.. not put on wallet for now.
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I Will try this to mine.. thanks for post
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Thank you @kingscrown for a good post with needed info. Steem on ;)
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Neo in my wallet and earning GAS, thanks!
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I had neo sitting in my jaxx wallet and it was not earning GAS. I transferred it into my neon wallet and it started earning right away. so it is best not to store NEO in JAXX right now (11/18/17) if you want GAS--maybe that will change in the future.
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I use neon and it is good.
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how do you use it exactly ? There is literally no service out there who is accepting NEO, and btw. it is not called neon.
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there wallet called neon, you can download it from neo website.
Check it first then tell me.
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Ouh, they really picked such a confusing name. I didn`t knew that. Thanks for clearing it out.
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NP
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I hope you found the neon web wallet from neo site,
https://github.com/CityOfZion/neon-wallet/releases
dowload it
fund neo token
leave wallet on to get your gas
check this site for neo/gas calculator
https://neotogas.com/
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Yeap confirm there's a wallet call NEON. I think Morpheus wallet is coming out too! Way better than NEON wallet. have to key in private key everytime for Neon wallet.. so not safe!
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Do you have more informations about Morpheus wallet ?
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Check this web! watch their video. https://www.morpheuswallet.com/
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wow, this looks actually really good. Thanks for the link.
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No prob man! always happy to share info. :)
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right now I use neon, simple and easy.
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This post received a 20% vote by @minnowsupport courtesy of @kingscrown from the Minnow Support Project ( @minnowsupport ). Join us in Discord.
Upvoting this comment will help support @minnowsupport.
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using minnowsupport to support this post? Are you a minnow?
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😆
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what's a minnow? too lazy to google... :P
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It is a service for steemit.com. Have a look at https://www.minnowbooster.net/delegate, where you can delegate your Steem Power and getting returns in Steem Dollar.
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newbie at crypto or Steemit
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Thanks for the reliable information @kingscrown, we are waiting for GAS on the main sites, I hope the coin will get stronger and go up.
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Already in. Cool project when you holding neo you are getting gas that's why people's don't sell the neo wchich make price of it bigger and bigger. And Chinese government give support for neo
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You don't mine gas, you earn it by holding neo
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good
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I do believe that NEO has a lot of potential and in greatly undervalued. right now due to the recent pullback.
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tons of coins are down after the recent pullback. Neo lost a lot of value though going from over 55 down to 30ish
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🗅
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this is a very informative article about cryptocurrency :-)
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Good post..thank you for sharing
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useful information, you update the market value of Ethereum.
thank you for sharing information.
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Oh finally a reliable post about GAS and how does this coin works. I really like the way you can mine GAS, by holding NEO the price goes up, your investment goes up and you earn some GAS, it's amazing! Thanks for the information, new follower here!
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same thing goes for pivx and several other coins
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Yup and MCAP who I'm not too big on yet but they have a loyalty program that rewards you in ETH for having MCAP in your MyEtherWallet.
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Thanks for sharing
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Oh, just a quick tip for the noobs out there! ;)
If you buy/hold your NEO on Binance, they actually give you your gas. I want to say they distribute it... Daily? I never recommend leaving coins on an exchange, but it is a nice plus for those who do!
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I'm actually incredibly grateful to the team behind the NEON wallet. Granted, claiming your NEO Gas through the standard wallet isn't the hardest thing in the world. But having to mess with technical stuff turns off newcomers. Ease of use is king in the crypto world in my opinion.
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Agreed
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Proof of Stake coins are the best!
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Neo is severely under priced at the moment - I expect it to moon this coming week whilst everything else bleeds for a change.
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Good!!
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Nice post friend i am new to this so is there any tip for me on how to grow on steemit plz share it. Waiting eagerly for your reply fella.
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thank you for sharing @kingscrown, was not aware
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Thanks. I was not aware of this.
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Excellent post, greetings
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IF you buy your NEO on binance exchange it generates GAS whilst still on the exchange as opposed to Bittrex where you have to move it to a wallet prior to generating GAS.
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@kingscrown ,please allow me to translate your post to chinese in order to spread this message to Chinese community.
Upvote me if you like it!
Link here : https://steemit.com/cn/@incrediblesnow/neo-gas
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Thanks for the tip, free money are never bad!
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Thanks for this info. So can I start with just 2-3 NEO tokens?
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There are already ton of posts about Gas and still as many people who want to know how much money they could make
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very nice article
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quality articles .. keep your business working for everyone.
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Perfect
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Heard good things about NEO. Definitely one to keep and eye on.
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Kupiłem, ale muszę poczekać i dokupić, żeby przekroczyć liczbę całkowitą. Szkoda płacić tyle marży
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Are there other cryptos that work the same way as NEO?
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Danke für diesen sehr informativen Beitrag
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thanks a lot for telling about this time to grab some
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thx for the new lesson :)
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Question: if I keep my neo on the neon wallet and my computer stops working, do I just download the neon wallet again on another computer and enter the private key to recover the neo?
Thanks
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good information keep postin .
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very good, thanks
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Thank you for the post. It's timely. I have a large position in NEO and recently my crypto focused newsletter said they were searching for a wallet option outside of Bittrix to move to so we could collect our GAS. It turns out that Bittrex simply keeps the GAS so we don't get what's ours. I'm going to send a link to this post to Palm Beach Confidential so they can potentially recommend to their subscribers. Do you happen to know at what rate we earn GAS?
upvoted and resteemed.
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Did you not get the recent message about sharing our paid for investment advice with others? You like to hurt your fellow subscribers? Geez!
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I shared nothing accept the name of a newsletter and the reason this article was relevant. I don't give out picks. The article is about NEO and a potential wallet that allows holders of NEO to get paid out their GAS dividend. I didn't introduce NEO, the article did. I did send a link of this article to the newsletter because they are looking for a solution. I'm not in the business of giving away proprietary information that needs to be paid for and haven't given away anything proprietary here either.
I often try to get people to subscribe to at least one financial newsletter because if we're ignorant we will never have financial freedom. I've recommended several of my favorites to people I work with and to friends as well, but 99% of the population won't subscribe to a newsletter. I think its great when people likewise pay for one so they can get smarter about investing. So I talk to people all the time about getting a subscription to X, Y or Z newsletter, whichever is most relevant to their situation and will continue to do this.
My personal favorites are the Stansberry Investment Advisory (Porter Stansberry) and True Wealth by Steve Sjuggerrud followed by the Palm Beach Letter and any of the Casey speculation focused products. These companies would be happy to have someone promote their newsletters, and in fact spend a ton of effort and money on their marketing and cross marketing through the other newsletter franchises I subscribe to in order to get the word out.
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I appreciate your message.
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Congratulations @kingscrown!
Your post was mentioned in the hit parade in the following categories:
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Hi @kingscrown I'm really glad I started following you, I had no idea really about this coin, but considering the GAS I will now invest in a little NEO and might even point my mining operation towards it.
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i am upvoted and reply your post plz visit me
upvoted,reply,follow and resteem when you work in steemit thanks alot,
my id = https://steemit.com/@pranashroy
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NEO and GAS, both buys.
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Thanks. I was not aware of this.
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So if I'm understanding this right, you collect neo through that website. And the longer and more neo you hold, it also mines more GAS, which is another cryptocurrency, right?
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you are not collecting neo through that website, rather just by holding those coins in your wallet.
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Thank you!
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Thank you so much for sharing all this information! that's great! All the best! Waiting for more posts! :)
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Did not know about this currency. Thnx
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Deep onion is having a 40 week airdrop for those of you that have a bitcoin talk account. It's fully anonymous and designed to run thru the tor network. The Dev team and marketing strategy are on another level with a full team of friendly moderators ready to answer any questions at a moments notice. With it's unique distribution It's a great long term hold with zero financial risk. If you don't have a bitcoin talk account you can put that miner to work or pick some up at novaexchange and stake them for interest. To apply you just need your Bitcoin talk ID number and a Deep onion wallet.
https://deeponion.org/apply.php?ref=251926
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good job
@azziz
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Is there any reason to collect the GAS sooner rather than later, or is it fine to let it build up before claiming it? I wonder the same thing when I claim fractional amounts into my Steem wallet.
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very interesting, thank you!
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Very good info provided by @kingcrown seriously i didn't know that and that's why being on steemit is so important because you learn things you wouldn't usually learn anywhere else. Great post at again as usual.
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I really like the way you make the post, and the simplicity of all the content.
A model to follow
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After hovering between 0.002BTC and 0.003BTC ($6 - $8) for months, NEO has made some astounding progress in both value and market capitalization. For the trailing month, NEO has been one of the top five highest-volume cryptocurrencies, among Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), and others.
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I already knew this information but I'm upvoting to the visibility for other NEOers
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Good
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I need to get me some neon and gas. Looks very promising.
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Alright, like explained above the coin is called NEO and the wallet is called NEON.
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Isn't it amazing? It produces gas. After I learned it, I love NEO more! Go NEO go! Upvoted and resteemed! Thanks for sharing!
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Hi @kingscrown thanks alot for this information! I hope that we will see gas soon on main sites.
Will check it out and stake some I guess
Thanks alot !
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very nice article
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I'm really interested ...
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Is it profitable at all? Or I need to "billions" in GAS to get 10 coins?
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check out www.neotogas.com play around with the amount of neo for different rates of gas generation
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That was a clear post
Resteemd so I can use it for later
peace
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I think Neo is approaching towards its death. It has fallen to $20 now.
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Great read. Thanks for the post
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"But it also has an advantage, the more you hold and the longer - the more GAS you get." So if I understand that correctly , It would be best to buy Neo and hold them for a long time to get the max value out of Gas ? This sounds very interesting , because I m always looking for Long term investments. Thank you
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Great post and I have heard about collecting idle coins etc through stakes. NEO has dropped back to $30 again and might be worth buying a few but may go down a little more before going back up.
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thanks for that important info. Where is the best place to buy NEO now, to take advantage of the price reduction?
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best place to buy NEO is on binance exchange as you can generate GAS on the exchange before you move it to the wallet, if you buy it on BITTREX you will not generate GAS until moving it to your wallet
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September should be a busy month for NEO so it may be on the way back up quite soon.
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How does China banning ICOs impact this?
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Started doing this the other day! Perfect!!!
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Thank You KC, Excellent, informative Post as usual.
AND I agree, was buying during the lows yesterday of NEO.
Hope You're having a Good Weekend !!
Cheers !!
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So interesting to know I will register and check it out
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Im surprised GAS is valued so low right now though there was a nice jump yesterday. It's at a great entry price imo for a medium-lomg term investment.
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The internal exchange between the entire virtual currency and RMBs in Bitcoin, the Ethernet area as the representative of the whole term is closed, but not to regulate the virtual currency itself, there is no prohibition of virtual currency one OTC.
The regulators decided to close the exchange of virtual currency in China, which includes the exchange between all "OKcoin", "Fire currency net" and "Bitcoin China" and another virtual currency with legal tender presented. Figure / Vision China
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[Financial New Network] (reporter Peng Kin Kin-Uu Yujian) regulators decided to close in the Chinese virtual currency exchange, which includes among all the "OKcoin", "Foreign exchange currency" and "Bitcoin China" and other virtual currencies with a legitimate payment By means of the stock exchange, new financial reporters are approaching the Internet of financial rectification risks, the work of the group's leading office (hereinafter referred to as the lead group), which confirmed this news, and learned that the permit is currently deployed to the field.
September 8, the third party trading platform, the network of cross-country issued a statement in accordance with the spirit and requirements of September 8 in Beijing financial conference work on September 5, from the day 17.30 to suspend trading in all currencies.
This is still a regulatory action after the People's Bank and the other seven ministries, together after September 4, jointly notice (further notice). The above statement by ICO (initial coin placement, initial public sale of coins) as an "illegal financial activity" and ordering since the announcement, ICO ban on new projects, projects to limit the stock of repayment. All ICO tokens trading platform must clean the deal.
The purpose of the regulation is not limited to now more than 60 ICO tokens trading platform, we will not participate in a number of trading platform home ICO virtual currencies are included in the purification volume critical to the completion time.
"In other words, the future can not have a so-called trading platform between virtual currency and legal tender in China." The closer to the leading group said: "Thus, there are no so-called markers, virtual currency, and there may be twenty or two problems between the PQM can not be sold. "
Regulatory research of virtual currencies of trading platforms did not suddenly strike, but at the beginning of the research was at the beginning of the year. Currently, the management team has made this decision and careful measures.
The central seven ministries in the announcement jointly issued on September 4, the signal was issued for this: The third announcement "Strengthening Financial Trading Manager token trading platform," noted that since the notification, any so-called financial transaction markers platform should not engage in legal tender and lexemes, in the "virtual currency" traffic exchange among themselves, can not be sold or used as a central counterparty of trade tokens or "virtual currency" should not provide For information about the prices of intermediaries as a token or a "virtual currency" and other services.
It should be noted that this decision to close the trading platform between the virtual currency with legal tender, which only prohibits the floor to trade virtual currency in China, and does not prohibit all virtual currencies with legal tender in the territory of China's trade. "In order to close the exchange Bitcoin no. For Bitcoin »the leading group that stressed the previous closure, suppression and Bitcoin-related activities related does not affect the development of the block chain technology.
In accordance with the position close to the leading group of sources, in terms of risk prevention, so that virtual currency and legal tender from the sex trade activities from China, the main market risks, financial risks and social risks at three levels.
The distorting effect of the secondary market
Since 2013, regulators have felt a great risk for the distorting effects of the secondary virtual currency market. At that time, Bitcoin volume transactions in China, and more than ninety percent of world trade volume, and Bitcoin pushed a record high of 8,000 yuan. PLAY INDIVIDUAL
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great information. still a little confused with the gas and how to mine it but I guess I need to keep looking tnx.
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This type of article encourages me more to dig into the world of cryptocurrency.
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