What is NEO
NEO is the first open-source blockchain platform in China.
NEO is like Ethereum’s little brother. NEO is developed with the goal of deeply connecting the real economy with the digital world. It uses smart contracts, which are more secure and run faster than on Ethereum, to link traditional economic activities with new ones online.
It would be more precise to say that it’s not just a cryptocurrency but also a platform for developing decentralized applications (DApps). NEO is designed to be scalable, flexible and easy-to-use.
NEO is a blockchain platform with digital economic system. As one of the largest community-driven open source projects in China, NEO uses blockchain technology and digital identity to digitize assets and automate the management of digital assets using smart contracts.
It has developed into the world’s first public blockchain project that shares its source code.
There are four key components that make up NEO’s system:
1) Digital Assets – Allows users to register, trade, and circulate various types of assets;
2) Digital Identity – Provides a comprehensive set of technical solutions for identity verification based on international standards;
3) Digital Assets Exchange – Completely open sourced matching engine, providing an optimized order matching process for orders that are created on any network node within the system;
NEO is a blockchain platform and digital currency, similar to Ethereum. It’s also the first decentralized, open-source cryptocurrency and blockchain created in China.
The NEO token sale was held on October 2015 and managed to raise $4.5 million within the first 24 hours of the sale.
NEO has some unique features such as:
– One can create dapps on NEO platform – There is no transaction fee for sending tokens or smart contracts on NEO – The ability to publish an existing code as a NEO contract without change
NEO stands for Non-governmental Entities Operating Network and was first released in 2016, by Da Hongfei and Erik Zhang, who were looking to create a network that expands beyond current blockchain offerings.
Where and How to Buy NEO in the UK
- Sign up to an exchange which trades NEO
- Fund it with cryptocurrency
- Trade your crypto for NEO
Sign up to an Exchange
We recommend Binance? This for a number of reasons
.Binance is a centralized cryptocurrency trading platform that has been operating since 2017. It was founded by Changpeng Zhao and Yi Li. The Binance exchange offers a variety of coins to trade from various countries across the world, but only allows the purchase of BTC, ETH, LTC, and BNB on its platform for fiat currency (USD). This means that traders have to first purchase BTC or ETH on an exchange that accepts fiat, then use those funds to buy other coins on Binance.
We cannot deny that BINANCE is one of the most popular cryptocurrency exchanges in the world. It has a lot of benefits that make it stand out from its competitors, including lower trading fees, 24/7 customer service, and strong security.
Binance is a popular cryptocurrency exchange that offers low fees and a wide variety of coins. It is also one of the fastest exchanges on the market.
One of the most important things that makes Binance so good, is the fact that it has a large number of coins available for trading. The more coins you have available, the more likely you are to find something that will suit your needs as an investor.
Binance has many benefits that make it stand out from other exchanges.
Binance is very user-friendly, even for beginners. It offers advanced trading features without the steep learning curve that other exchanges have. They also offer high liquidity, low fees and fast transactions.
What makes Binance good?
Binance has a lot to offer to its customers. It is fast, reliable, and has low trading fees. It also offers different coins than what other exchanges offer, which makes it competitive in this market.
Binance is one of the fastest exchanges where you can trade cryptocurrencies. It only takes 2 minutes for your funds to be available for trading after you place an order.
Fund your Binance account
Now you need to transfer BTC in order to trade NEO with it.
It’s really easy to buy BTC with your debit card on binance.
You can transfer your funds from your bank account or use our other options to make the process easier for you.
You can also setup recurring orders! which is another great option for Binance which other platforms don’t offer. In order to make it easier for customers to set up recurring orders on Binance, the company released an official guideline which makes it clear.
Trade your BTC for NEO
We now need to get into our trading section of the guide.
To do this follow the above picture and click on Classic!
Now we have to find the correct pair BTC/ NEO
Now type NEO in the top corner like i did.
If you are new to the market, the stock market can be a confusing place. Let’s break down some of the most basic terms you need to know in order to get started.
– Market order: this order type is executed immediately. This means that your trade will execute as soon as possible and the price of the trade will not change.
– Limit order: this order type is put in place so that your trade executes for a specific price and does not execute until it reaches that specified price.Get started on Binance today
Is NEO a good investment
It is a high-volume cryptocurrency. It has a high market share and is often called the Ethereum of China.
NEO was built as a smart contract platform that can be used to build decentralized applications. It aims to compete with Ethereum as the marketplace for DApps. NEO has been around since 2014 and is now one of the top 10 cryptocurrencies in terms of market cap and volume traded on exchanges.
NEO is currently worth $60, with a total supply of 100 million coins
NEO has proven to be a very stable cryptocurrency. It is one of the few cryptocurrencies that has not had any issues with forks or hardforks.
NEO is also backed by some big corporations like Alibaba, Microsoft, and Samsung.
Are you looking for a cryptocurrency to invest in? If so, NEO cryptocurrency is a good choice. Here are some of the reasons why NEO is a good investment.
NEO is one of the most well-known cryptocurrencies in the world and it has been around for quite some time now. It’s known for its unique and innovative technology which makes it stand out from other cryptos – this helps it to perform much better than others under tough conditions.
NEO also has very low volatility and that makes it very easy to trade with. Also, NEO can be used to store value without any problem at all because its price always remains stable. This, in turn, helps people who want to hold onto their money instead of trading with it frequently or spending it on various things.
NEO crypto is a good investment for a couple of reasons. The first one is that NEO is not a token but a platform. This means that you’re invested in the development of the whole platform and not just in one specific project or app on it. Second, it has been built from the ground up to be digital, intelligent and decentralized. And finally, it aims to be a smart economy with scalable infrastructure for finance, digital assets and smart contracts.
Pros:
– It has been built from the ground up to be digital, intelligent and decentralized – With NEO crypto you are invested in the development of the whole platform and not just in one specific project or app on it – The price has been steadily rising over time
NEO is a Chinese-based cryptocurrency that is often called the “Chinese Ethereum”. It was originally developed in 2014 and became an open-source project in 2015.
The NEO blockchain supports smart contracts and decentralized programming languages such as C#, Java, and Python. This means that developers can use the platform to create their own decentralized applications without any downtime or an issue with service from the NEO network.
- Neo is an open-source project with the development of projects and headquarters of all located in Shanghai, China. That doesn’t mean that it’s only for chinese users or businesses/entities. The Chinese Government also has not banned blockchain technology or any company supporting it
- Crypto trading is under the watchful eye of governments who are enforcing crackdowns on things like tax evasion, exchange or mining without registration.
- It’s natural that people get worried when crackdowns like these happen, but the Chinese government haven’t shown any signs of banning all blockchain related projects or companies who use blockchain technology.
- Within 5-10 years, NEO could become one of the leading blockchain companies in the world. This is because (a) there will be more maturity and use cases for blockchain. (b) China becoming an one-economy superpower will cause them to invest heavily into NEO if it’s used by businesses in China and other countries.
- It is better to have a presence in China rather than not, should blockchain technology really take off. Blockchain technology could replace some of the core economic sectors, such as finance, physical assets etc.
- There needs to be regulation in the blockchain industry. It will come sooner or later, and since the big exchanges are already regulating it’s only a matter of time before new startups are forced to as well. Regulations need to be in place for blockchain to succeed, too many scams have popped up lately
- Time will tell which project is sustainable. However, I am inclined to believe NEO will be here in the next 5 years if they play their cards right. They have over $400 million in funding and are continuously reinvesting into AI research. Earnings-wise, NEO is doing better than most other projects (they can boast a market cap of $5 billion)
- Outside investments will sustain the project’s longevity by ensuring there’s enough to go around in the event of a disaster. That said, we’ve seen a lot of projects die in 2017 because they didn’t have outside investments and relied on token sales alone.
Can NEO reach 1000?
It is tough to predict the future with certainty and we expect there’s a chance NEO could keep going up before it dips. But if we had to guess, we don’t think it will reach 1000 USD in the next 5 years.
Is NEO a good investment 2021?
Good investment in 2021, but $196.85 ATH likely to be surpassed this year. Can it go up to $200 soon? It’s possible that NEO will surpass its current ATH and reach $200 in the near future as per the current bull trend.