NEO is a next generation smart economy platform (formerly Antshares) and China's first open source blockchain that was founded in 2014, is often known as the “Ethereum of China”.
What is NEO?
NEO uses a smart economy approach to implement its distributed network concept. Its main objective is to digitize assets using the decentralized network of blockchain technology and digital identity.
Neo’s main aim is to be the distributed network for “smart economy”. As their website states: "Digital Assets + Digital Identity + Smart Contract = Smart Economy." Neo was developed by Shanghai-based blockchain R&D company “OnChain” and funded by two crowdsales: first crowdsale on October 2015 sold 17.5 million NEO tokens for $550,000 and the second crowdsale sold the remaining 22.5 million NEO tokens for $4.5 million.
So why NEO?
Asset digitization and identity on the NEO platform essentially creates a novel way for asset registration, issuance, and circulation. This means that tangible assets like real estate, company shares or even fiat money can be digitized and traded on the NEO network, thus giving rise to a whole new economy.
Its digital identity system allows for integration between the platform and the real world economy. It has custom digital identity standards that enable the creation of electronic identity data for individuals, organizations and even entities. These electronic systems use multi-layered authentication models that include facial and voice recognition as well as fingerprints.
All digital assets on the platform enjoy legal protection thanks to the use of digital certificates on its public blockchain. This, in turn, guarantees trust as the system offers an indelible and unalterable record of all entities’ holdings.
Where is NEO available for purchase?
You can exchange NEO tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading NEO is Binance, notably the NEO/USDT pair, which saw a trading volume of $ 6,70 MLN. in the past day. Additionally, Upbit and MEXC are popular alternatives for trading tokens.
What is the highest value NEO (NEO) has ever reached?
NEO (NEO) reached its peak price at 198.38 $ on 15 January 2018, approximately 8 years ago ago. Presently, the current price is -96.9% lower than this all-time high.
What is the historical minimum price for NEO (NEO)?
The minimum price reached for NEO (NEO) was 0.07834 $, documented on 21 October 2016, more than 9 years ago. In comparison, the current price is 7,723.96%, it above this historical low.
What is the fully diluted valuation of NEO (NEO)?
The fully diluted valuation (FDV) of NEO (NEO) stands at $ 627,36 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of NEO tokens. The realization of this FDV might take several years depending on the emission schedule of NEO tokens.