On which platforms can NEO be bought and sold?
NEO/USD, NEO/BTC, NEO/ETH
NEO/BTC, NEO/USDT, NEO/ETH
The project was launched in 2014 under the initial name of Antshares. It was officially renamed NEO in June 2017, at a ceremony at Microsoft’s headquarters in Beijing, and has since been one of the leading companies in the cryptometers race. We like to call it the “Chinese Ethereum” (or the “Ethereum Killer”) in the cryptomone investor communities.
It should be noted that NEO has resisted rather well the different bearish trends that can affect other currencies (while the project has a strong exposure to new Chinese policies).
How it works: for what purposes can NEO be purchased?
NEO is the first crypto currency and platform using Blockchain technology, decentralized and open-source, that has been launched in the Middle Kingdom. The founding team likes to say that NEO is “a distributed network for the smart economy” (i.e. digital assets, digital identity and smart contracts).
What are the uses of NEO? First of all, NEO intends to convert traditional assets into digital assets by using smart contracts. Thanks to the Blockchain technology, digital assets will be decentralized and protected. In addition, NEO allows organizations and individuals to create fingerprints, accessible through a multi-factor system (fingerprints, SMS, facial and voice recognition, for example).
Coming back to smart contracts, NEO presents a real innovation: you no longer need to learn a computer language specific to smart contracts. You can program them in the most mainstream languages, such as C# or Java (which is not the case for Ethereum and Bitcoin or other platforms using smart contracts).
Our review on NEO: should we buy NEO?
It cannot be said otherwise: NEO is a project with enormous potential (as much or more than ETH).
An important point to emphasize at the outset: the underlying technology is unanimously recognized as one of the best in the world of cryptomones. Moreover, and this is rather rare in the world of cryptography, NEO is a rather democratic currency insofar as smart contracts can be programmed in traditional languages. Thus, more developers have access to this technology (which is open-source, let’s remember) and can improve it, create smart contracts and thus create use cases for NEO… and therefore increase its purchase price.
However, there is still a shadow hanging over NEO’s future: the country where it was born, China. We are still uncertain about the future (and possible regulations) of cryptomonnaies on Chinese territory and this could therefore limit access to NEO (and therefore reduce demand and therefore its purchase price). So keep a close eye on it.
NEO is undoubtedly one of the most promising cryptos for the following 3 reasons: the fundamentals are very good (the technology is excellent), the use cases are relevant and the adoption is potentially massive (the Chinese market is huge and Chinese technologies are exported very well to South East Asia).