Chinese City Starts a $1.5 Billion Fund to Promote Public Blockchain Projects

in neo •  6 years ago 

A Beijing-based alliance, Zhongguancun Blockchain Industry Alliance, is teaming up with Nanjing City to launch this blockchain investment fund of $1.5 billion. The alliance, formed by government research institutes and blockchain companies, revealed the bold initiative at the first Industrial Public Chain Summit (IPCS). Among the high-level government official attendees, there was the Deputy Secretary of the Communist Party of China, Luo Qun.

Good article, that's a lot of money going into blockchain projects, glad to see it. I'm wondering if some of the money will find its way into NEO, the Chinese ethereum.... The last I checked NEO was already a top 12 coin and we all know how the chinese like to support their own. Opinions, is NEO a buy here.....?

Read the full story here...
https://www.ccn.com/chinese-city-starts-a-1-5-billion-fund-to-promote-public-blockchain-projects/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

NEO at $13.40 right now, fyi

Chinese are doing best in crypto market, hope their new project on UDAP foundation and TokenX community will go well in near future..I think it will be profitable to buy neo for those who is a long time holders. it is unstoppable it has already give a lot of profit to the holders of 2017 in 2018. They are focusing on digitization of assets not on digitization of currency..

Thanks for the comment. I've just been buying bitcoin and ethereum recently, I think the big money will be made from the exchange from fiat to crypto, for now anyway. Hope I'm right....

your welcome @onthehook8 you will definitely be in profit all the best👍

Great article, @onthehook8!

Thank you, cheers

You got a 7.75% upvote from @postpromoter courtesy of @onthehook8!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

A good news it is

  ·  6 years ago Reveal Comment

It seems that nobody outside of China cares much about Neo, but China is big enough to propel Neo all on its own. If it does eventually pick up outside adoption too, for people who want to do business within that prosperous ecosystem, just how high is the ceiling?