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What is Neo (NEO)?

Neo basic info

Name:Neo
Ticker:
Introduction:

What Is Neo?

The Neo blockchain is an open-source, decentralized platform that allows developers to create and deploy decentralized applications (DApps) and smart contracts. Given its functionalities and the country of its origin, it's often referred to as the "Chinese Ethereum". This association highlights its similarities with the Ethereum blockchain in terms of supporting DApps and smart contracts.

Neo was founded in 2014 by Da Hongfei and Erik Zhang with the name Antshares. The platform was launched in 2016 by a Chinese company known as Onchain. In 2017, it was rebranded to the current name, Neo.

Resources

Official Whitepaper: https://docs.neo.org/docs/en-us/index.html

Official Website: https://neo.org/

How Does Neo Work?

Dual-token Mechanism

Neo's architecture incorporates a dual-token system: NEO and GAS. While NEO represents ownership in the Neo network, GAS is used to fuel transactions and smart contracts. This separation ensures that the governance of the platform remains separate from its consumption for computational purposes.

Consensus Algorithm

Neo uses a unique consensus algorithm called the Delegated Byzantine Fault Tolerance (dBFT). Instead of relying on energy-intensive mechanisms like proof-of-work (used by Bitcoin), dBFT allows certain nodes, called bookkeepers, to validate transactions. This system provides finality in transactions, preventing forks, and making the network more energy-efficient.

Smart Contract System - NeoContract

One of Neo's standout features is its smart contract system, termed NeoContract. Unlike Ethereum, which requires developers to learn a new language (Solidity) to write contracts, Neo's system is compatible with popular programming languages such as C#, Java, and Python. This inclusivity encourages mainstream developers to engage and build on the platform.

What Is NEO Token?

NEO is one of the two native tokens of the Neo blockchain. Holding NEO gives users a stake in the network, meaning they have a say in its governance. NEO holders can vote on network parameter changes and also for the bookkeepers.

A unique feature of NEO is that it's indivisible. Unlike Ethereum or Bitcoin, where you can own fractions (like 0.5 ETH or 0.001 BTC), you can only own whole numbers of NEO. This design aligns with its purpose as a governance token, where each NEO represents a vote.

Neo's Impact on Finance

Marking its presence as the "Ethereum of China," Neo has revolutionized perspectives on finance, especially in the Asian sphere. By foregrounding the potential of smart contracts and DApps, Neo poses a challenge to conventional financial paradigms. Its conceptualization of a "smart economy" integrates digital assets, identity, and smart contracts for streamlined transactions. Moreover, Neo's distinctive take on the digitization of real-world assets adds a transparency layer, fostering trust that traditional systems often lack. This modern approach not only simplifies asset transfers but also guarantees clear ownership. As Neo redefines the financial canvas, it pushes for greater efficiency, security, and reduced dependency on intermediaries, championing a more decentralized, holistic financial ecosystem.

What Determines Neo's Price

In the dynamic world of cryptocurrencies, the NEO price today is influenced by a myriad of factors that potential investors should keenly observe. As a cornerstone in the development of a smart economy, NEO's blockchain technology stands as a beacon in the digital asset space. The NEO token price is intricately linked to its unique features and robust infrastructure. The NEO blockchain, often referred to as the "Chinese Ethereum", has carved a niche for itself by offering a platform that is not only developer-friendly but also regulatory-compliant, factors that are pivotal in determining the NEO cryptocurrency price.

The NEO market cap has witnessed substantial growth since its inception, with its innovative approach to digital identity and asset management playing a significant role. Investors keeping an eye on the NEO price chart would note that the current NEO price is reflective of its strong foundation and the potential for further expansion in the smart economy space. The NEO blockchain operates with a dual-token system, NEO and GAS, which respectively facilitate network governance and transaction processing, elements that are crucial in NEO price analysis.

As enthusiasts and investors keenly follow the NEO price live, it's essential to note the role of NEO's consensus mechanism, the Delegated Byzantine Fault Tolerance (dBFT), in fostering a secure and efficient network. This mechanism, which significantly enhances transaction speeds, is a vital determinant in the NEO price prediction. Moreover, the recent launch of the N3 blockchain version, a significant upgrade that promises lower gas fees and increased transaction speed, is expected to have a positive impact on the NEO price forecast.

In conclusion, the NEO token price today is shaped by its innovative features, developer-friendly platform, and its commitment to fostering a smart economy. As NEO continues to evolve, offering a secure and efficient platform for the development of decentralized applications, it stands as a promising investment avenue in the cryptocurrency space. Investors looking to delve into the NEO ecosystem should keep abreast with the latest NEO token news and NEO crypto price prediction to make informed decisions. The journey of NEO, marked by its resilience and innovative strides, paints a promising picture for its future, potentially reshaping the NEO price history with new milestones.

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Current price:
All-time high:$196.85
All-time low:$0.07229

NEO supply and tokenomics

Circulating supply:70,538,830 NEO
Total supply:100,000,000 NEO
Max supply:100,000,000 NEO
Market cap:$658.53M
Fully diluted market cap:$933.57M
Token allocation:
Supporters
50.00%
Long-term development, operation and maintenance and ecosystem
50.00%
Tokenomics:

Uniqueness

Links

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What is the development prospect and future value of NEO?

The market value of NEO currently stands at $658.53M, and its market ranking is #98. The value of NEO is widely recognized by the market. When the bull market comes, the market value of NEO will likely continue to increase.

Moreover, if NEO can play a greater role in practical applications, such as Neo builders fully leveraging the potential of NEO, partnering with more businesses, and increasing its user base, the long-term value of NEO will be significantly enhanced.

What will the price of NEO be in 2025?
Based on NEO's historical price performance prediction model, the price of NEO is projected to reach $11.61 in 2025.
What will the price of NEO be in 2030?
In 2030, the NEO price is expected to change by -18.00%. By the end of 2030, the NEO price is projected to reach $24.02, with a cumulative ROI of +155.24%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of NEO and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is NEO worth investing or holding? How to buy NEO from a crypto exchange?

If you want to buy NEO, the following information may be helpful for your investment decisions:
In the last 7 days, the price of NEO has fallen by -0.80%, leading to negative returns for most NEO investors. The market is currently pessimistic about the price trend of NEO.
It is important to note that the current price of NEO has retreated by -95.26% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether NEO is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in NEO or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of NEO, if you want to buy or sell NEO, you can consider Bitget for your trading needs. The best place to buy NEO is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Neo has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Neo. Here's a step-by-step guide on how to buy Neo on Bitget.

How to get Neo through other methods?

Using cash to buy Neo is not the only way to obtain Neo. If you have the time to spare, you can get Neo for free.
Learn how to earn Neo for free through the Learn2Earn promotion.
Earn free Neo by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Neo airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Neo through Bitget Convert, Bitget Swap, or spot trading.

What is Neo used for and how to use Neo?

The use case of Neo may expand as the crypto market and the project itself develop. Currently, you can use NEO to achieve the following goals:
Arbitrage by trading NEO: Since NEO is a frequently traded cryptocurrency, the price of NEO is always fluctuating. Earn more NEO by buying low and selling high on the exchange. Bitget spot market provides a variety of NEO trading pairs to fully meet your needs.
Earn by staking NEO: You can also generate income through financial management methods such as staking NEO or lending NEO. Bitget Earn offers a variety of financial products designed to help you earn more income from your NEO.
Send or pay NEO: If you want to give NEO to your friends, a charity, or a fundraiser, or you want to pay someone with NEO, you can quickly and easily send NEO to the recipient through their payment address.
You can also go to the official website of the Neo project to learn more about the use cases of NEO. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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