Can NEO keep up with Vitalik's Ethereum?

in neo •  7 years ago  (edited)

Once in a while you come across an opportunity that you recognize as the future. I wasn't completely sold on Antshares but things have taken a turn for the better and I've got confidence in it's evolution...

The future is NEO

There are many reasons why I've just boldly come out and said this. After all I have the Techblogger reputation to keep up so I can't just go around recommending blockchain cryptocurrencies all the time.

Let me tell you about why I'm so confident that NEO is going to turn some heads this year as it makes it's run to $100 and beyond.

This isn't the Antshares that people have become so familiar with...

Antshares had an amazing run in the first and second quarters of 2017 rapidly rising and settling into it's July, 2017 price of about $6.00.

Because it was the first exclusively 'Chinese' blockchain and it was also supported by Microsoft the market price rose rapidly and a buzz was spread around the internet.

This picture added fuel to the fire and there was a lot of discussion on the internet that Vitalik and Da Hongfei (the CEO of Antshares now rebranded as NEO) had a close working relationship.

Also it's partnerships attracted investors to Antshares:

AntShares has some high profile partners listed on its site, including WINGS, Alibaba, and Microsoft. WINGS combines the ideas of crowdfunding with swarm intelligence decision-making through decentralized forecast markets into a project funding and governance platform easily accessible to anyone with a smart phone. Alibaba is China’s — and by some measures, the world’s — biggest online commerce company. Its three main sites — Taobao, Tmall and Alibaba.com — have hundreds of millions of users, and host millions of merchants and businesses. Alibaba handles more business than any other e-commerce company.

The following article provides many more reasons why Antshares received such a warm welcome in the cryptocurrency markets:

https://medium.com/@stokchain/antshare-what-we-know-and-why-its-skyrocketing-in-value-a7e5291dc3c4

Antshares has now completed its rebranding to NEO...

After rebranding, the new company NEO has been making leaps and bounds in its development of not only its blockchain but it's related wallets and software development kits. Furthermore some really big news has been released along with a brand new whitepaper.

The New 'NEO' Whitepaper:

https://github.com/neo-project/docs/blob/master/en-us/index.md

Now, on August 8, NEO Blockchain, China’s first original public chain project, has announced the completion of rebranding efforts from its former Antshares identity. Furthermore, NEO has upgraded its blockchain nodes, technical documents, social media, official site and exchange name worldwide, representing the transition from Antshares 1.0 to the NEO smart contract system 2.0.

Furthermore, Neo's CEO has announced some interesting changes in management which are sure to get some attention:

Da Hongfei, the founder of NEO, told Bitcoin Magazine:

“NEO’s development hinges on two important teams: one is the Shanghai-based development and management team, while the other is an international team called “City of Zion,” purely supported by the community, thanks to a huge number of volunteers for NEO.

With the combination of Chinese and Western innovation, NEO represents something that no other blockchain can offer and I propose that attracts investors to trade their bitcoin for NEO. If the goal of blockchain technology is to connect people into the new economy than surely NEO appears to be at the heart of that goal with its multicultural and multi-hemisphere co-operation.

Here are a few new videos made by NEO community members:

This is a NEO promotional video made by one of it's community members for the Japanese market

Here is a new video that explains NEO in English...

Here is a link to NEO's new website which I think is very impressive:

https://neo.org/

In addition they have brand new wallets which can be downloaded from this page:

https://neo.org/download

Techblogger Wrap Up

Based on my research I can honestly say that NEO has impressed me. It's community its just as strong as Ethereum's and its recent management decisions have been very intelligent in my opinion. I have a lot more faith in the new NEO than I did in the old Antshares and all this from a company that has been around less than a year.

In the world of cryptocurrencies things move at lightspeed. Only a few select cryptocurrencies will survive and prosper from a long term perspective and NEO is right up there with Ethereum in terms of technology however the current market cap seems quite low and that's why I've invested in it.

I don't like to give financial advice so I'll simply say that for investors interested in cryptocurrencies NEO is a great one to research and try to understand.

To prove my point, here is a recent article stating that China's government has quietly agreed to support NEO:

http://www.influencive.com/china-majorly-experimenting-cryptocurrency-blockchain-space-neo/

For western investors that are new to cryptocurrency you will first need to buy Bitcoin. There are several sites that you can do this on but here are two that seem to have decent reputations: 1.) www.coinbase.com 2.) www.uphold.com

Afterwards I recommend sending your bitcoin to one of these exchanges and buying NEO there:

1.) www.bitfinex.com 2.) www.bittrex.com

Chinese investors can trade RMB directly for NEO on several exchange platforms giving it a significant advantage over other cyptocurrencies.

Please leave thoughts and comments below.

Thanks for reading!

Sources:

AntShare: What We Know, And Why It’s Skyrocketing In Value - Medium

NEO Completes Rebranding; Announces Blockchain Partnerships - Bitcoin Magazine

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, the blockchain formally known as AntShare is the leading blockchain in China. Enough said. It needs to be in everyone's portfolio as the China play.

I just read China originally and then I bought some... haha

Agreed. China has their own version of every major tech company, blockchain wouldn't be any different.

I couldn't agree MORE!!!! Antshares/NEO is going to take off by the end of the year. I would invest in it now!

Luckily I have bought a few NEO at $7 now it is $20 had some nice profit but I will be a long term holder and looking to increase my NEO every month little by little. Great post learned more about NEO. Thanks for sharing

Hello techblogger! Thank you for the information on neo, it looks promising. I have upvoted and re-steemed your post.

Great article Im a fan of NEO as well

Good to know. I had some Antshares a couple of weeks ago before the rebrand and I sadly let them go only to find a huge jump in the price this week. Oh well, such is life! :-)

Sorry to hear that... Its hard to predict the future and there are far to many cryptos out there at this point. I strongly felt Antshares was china's flagship blockchain project and had a feeling the NEO rebrand would do a lot to build confidence and awareness. Its not an ETH yet but with the decisions they've made recently I feel they are truly a player to be watched at this point. Da Hongfei is a clever CEO with all the right connections in China to truly get NEO mainstream adoption by Chinese while taking a good slice of western markets with their Zion partnership. Keep your eye on this one.

I did the same.

Did the same. Kicking myself. Holding long term Omisego I think it will run like NEO

Untitled.jpg
Ponder it....Think about it real hard. Invest

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by locke from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.

NEO has a solid foundation in which to grow by leaps and bounds. I started doing research on NEO these past couple weeks and bought at $15. I'm very happy to see it more than doubling since then. If China and its tech community get behind this which seems to already be the case, its very easy to see NEO moving well past the $100 mark before the end of the year and possibly before the 4th quarter.

I'm guessing NEO will be one of the years top performers.

Personally I think Bitcoin is the future :). But I may have to pay attention to NEO when the HYPE dies down. It's a bit over HYPED for me at the moment.

Sure... Just pick it up after it hits $100 like ETH did. People wishing they jumped on board that train at $10bucks. Now NEO is $20 and they just released a press article about their first ICO on the blockchain which Neo's CEO will be advisor for. Hype or value, the market will decide...

Great article! Thanks for posting. I would like to purchase, can you or anyone reading, provide some insight on how to invest in Neo?

If you have bitcoin send it to Bittrex (http://www.bittrex.com) and exchange your bitcoin for NEO.

Let's get you @originalworks verified :)

@OriginalWorks Mention Bot activated by @unprovoked. The @OriginalWorks bot has determined this post by @techblogger to be original material and upvoted it!

To call @OriginalWorks, simply reply to any post with @OriginalWorks in your message!

For more information, Click Here!

This post has received a 0.16 % upvote from @drotto thanks to: @banjo.

Antshares has been my favorite project so far. First the fact that it was China's answer to Ethereum and that you earned AntCoin just by holding. Now NEO is blowing it out of the water with it's technology and presentation.

NeoQ ..curious ! :)

Thanks for the article...what's the situation of NEO's premine? Since we are talking about money/currency and not stock, do the inventors of NEO and early adopters took large positions in NEO?

Good question. I found the answer: https://www.antshares.org/Blog/Details/21

The premine is a lot higher than ETH with NEO at 50% and ETH at 17% but the NEO (formerly antshares) tokens are locked for 1 year under contract with a maximum sale of 15% per year after that point and NEO is only about 260 days old. I'm not worried about these numbers if they start launching their ICO's and implement smart contracts and Dapps quickly the price will far outrun whatever effect their fundraising effect will have. No crystal ball however...

Thanks great information. I liked that read.

I'm a hodler of both Ethereum and NEO. I think there is room for both in the market, but I like NEO's focus on Asia. I think it might be a bit premature to definitively say NEO can outpace Ethereum in innovation, specifically in Asia, but it'll be interesting to see how things move.

Agreed. I think you are right about ETH having the first mover advantage. NEO may never catch up but its crypto and next gen blockchain tech. Who knows right?

ok back to school...

Good points in this post. I fully understand what you're talking about. The quality coins are here to stay and it's like buying in at the S&P 500 50 years ago. Cryptos will fall and rise at a more rapit phase any investment market has ever seen. Just hold (literaly) and enjoy the ride. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? An interesting website I found: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. See: https://www.coincheckup.com/coins/Neo#analysis For a complete Neo Investment research.