Purpose: NEO aims to create a scalable network for decentralized applications (DApps) and smart contracts, often referred to as the "Ethereum of China." Smart Economy: NEO integrates digital assets, digital identity, and smart contracts into its ecosystem, striving to build a "smart economy." Dual Token System: NEO operates with two tokens:
NEO: Represents ownership and governance rights. GAS: Used to pay for transactions and smart contract execution on the network.
Utility:
Governance: NEO holders can participate in network governance, including voting on network parameters and changes. Transaction Fees: GAS is used to pay for transaction fees and to deploy and run smart contracts on the NEO blockchain. Staking: NEO holders can earn GAS by staking their tokens in a wallet.
Partnerships and Community:
Partnerships: NEO has established partnerships with various technology companies, blockchain projects, and government agencies to foster blockchain adoption. Community: NEO has an active global community of developers, contributors, and supporters working on ecosystem growth and development.
Tokenomics:
Total Supply: 100 million NEO Distribution: NEO tokens were pre-mined, with a portion allocated to early supporters, developers, and the NEO Council.
Recent Developments:
NEO3: The latest iteration of the NEO blockchain, known as NEO3, brings enhanced features like improved performance, new governance models, and additional developer tools. Cross-Chain Compatibility: NEO3 includes support for cross-chain functionality to enhance interoperability with other blockchains.
NEO continues to be a key player in the blockchain ecosystem, focusing on fostering innovation and building a robust platform for decentralized applications.
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