05/30/2024
BTC67,989.0
ETH3,923.76
USDT0.998912
BNB594.37
SOL171.09
USDC1.0
XRP0.537005
DOGE0.171579
BUSD1.005

NEO (NEO) Price

NEO
4,1
$15.97
Market cap
1,125,807,285.0
Total volume
27,480,164
Circulating supply
70,530,000
Total supply
100,000,000
NEO stands as a pioneering platform at the forefront of the smart economy, previously recognized as Antshares, and marks a significant milestone as China's initial venture into open-source blockchain since its inception in 2014. It's frequently referred to as the "Ethereum of China."

What is NEO?
Adopting a smart economy framework, NEO's strategy revolves around deploying its distributed network ideology. Its core purpose centers on the digitalization of assets through the decentralized architecture of blockchain technology alongside digital identity.

The ultimate vision for NEO is to facilitate a distributed network dedicated to nurturing a "smart economy". Echoing their official proclamation: "Digital Assets + Digital Identity + Smart Contract = Smart Economy." The brainchild of the Shanghai-based blockchain research and development entity "OnChain," NEO's inception was propelled by two pivotal crowdsales: The initial crowdsale in October 2015 witnessed the sale of 17.5 million NEO tokens generating $550,000, followed by a subsequent crowdsale that mobilized an additional $4.5 million from the sale of the remaining 22.5 million NEO tokens.

So, why NEO?
The essence of asset digitization coupled with identity verification on the NEO platform introduces an innovative methodology for asset registration, issuance, and exchange. This implies that physical assets such as real estate, corporate stocks, or even traditional currency can transition into digitized formats and be exchanged over the NEO network, unleashing the potential for an entirely new economic landscape.

NEO's digital identity mechanism fosters seamless integration between the digital platform and the tangible world's economy. It crafts specific digital identity norms that pave the way for creating electronic identity data for individuals, corporations, and other entities. These electronic identifications employ a multi-tiered verification framework, incorporating biometric measures such as facial and voice recognition, alongside fingerprint scans.

Thanks to the employment of digital certificates within its public blockchain, all digital assets under NEO's umbrella receive legal safeguarding. This essential feature ensures trustworthiness, as it provides a permanent and immutable ledger of all holdings pertaining to the entities involved.

Homepage: https://neo.org/
Twitter: NEO_Blockchain
Reddit: neo

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