NEO (Previously Antshares – ANS)(NEO)

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Name Price Supply Volume Market Cap
neo
NEO
$9.84
70,530,000.00 NEO
$196,091,769.00
$693,939,729.00

QUICK STATS

Optimized Proof-of-Stake system via a delegated Byzantine Fault Tolerance (dBFT)
Upbit NEO/KRW $114,895,00
Binance NEO/BTC $90,831,100
Bifinex NEO/USD $49,614,300
NEO is the first decentralized, open-source cryptocurrency and blockchain platform launched in China. The main design goal is ‘Digital Assets for everyone’.
NEO is a platform for swapping commercial value in the real and virtual world in real time. You can transmit and exchange value as easy as text messages anywhere in the world.
NEO is meant for anyone looking to exchange product, digital or physical, over the blockchain. With digital certificates, ownership can be established for an array of goods, not just those online. This makes anyone looking to sell items online a potential user of NEO.
Ethereum(ETH)

VIDEOS

BACKGROUND

Whitepaper Summary

NEO is the first decentralized, open-source cryptocurrency and blockchain platform launched in China. The main design goal is ‘Digital Assets for everyone’.
NEO is a platform for swapping commercial value in the real and virtual world in real time. You can transmit and exchange value as easy as text messages anywhere in the world.

Problem Solved

NEO brings together multiple programming languages and the ability to support ICO’s and other new projects in a faster more efficient and secure way then Ethereum. Despite some setbacks, it’s technology is on course to resolve the issues of the Ethereum network and scale into a platform that simplifies transactions while improving the speed and security.

Competitive Edge

Feature comparison with other blockchains:

NEO has a protocol for making multiple blockchains interoperable. A multichain protocol adds to its utility and means users do not have to switch to another blockchain. NEO has secured a patent for interoperability across distributed chains.

NEO supports multiple programming languages such as Java, Go, C#, Kotlin, Python, and Javascript. On Ethereum for example, developers have to learn solidity to write smart contracts. NEO lowers this barrier by allowing programmers to write contracts in their language of choice. A compiler connects and converts common languages into op code smart contracts.

Support of conventional programming languages will attract a wider community of developers.

NEO supports decentralized applications (Dapps) and smart contracts like Ethereum. NEO’s design of smart contracts and run time environment is superior to existing smart contract platforms. It is more user-friendly, scales and performs better with improved security.

There is a significant reduction in latency for transactions and a drastic improvement in throughput.

NEO takes a different approach in design by having electronic contracts instead of tokens.

NEO also makes use of digital certificates to assure proof of ownership of assets on the public chain. Certificates are enforceable in the real world because law backs them (to be tested).

 

Development Roadmap

Candidates List Website (Q1 2018)
NEO Council Consensus Node (Q1 2018)
NEP2 Private Key En/Decryption (Q4 2018)
NEP3 Universal Data Format (Q4 2018)

INITIAL COIN OFFERING (ICO)

100% pre-mined. 50m among crowdfund dn’t find info
50 million NEO managed by the NEO Council to support NEO’s long-term development, operation and maintenance and ecosystem. The NEO in this portion has a lockout period of 1 year and is unlocked only after October 16. This portion will not enter the exchanges and is only for long-term support of NEO projects. The plans for it are as below:
10 million tokens (10% total) will be used to motivate NEO developers and members of the NEO Council.
10 million tokens (10% total) will be used to motivate developers in the NEO ecosystem.
15 million tokens (15% total) will be used to cross-invest in other block-chain projects, which are owned by the NEO Council and are used only for NEO projects.
15 million (15% total) will be retained as contingency.
The annual use of NEO in principle shall not exceed 15 million tokens.
$28,056,944 raised
Aug 8, 2017 – $0.03 / 20,000,000 coins for sale

TEAM INFO

Creators / Founders

Da Hong Fei – Founder – CEO

Core Development Team

Da Hongfei – CEO
Very limited info on CEO. Has LinkedIn profile:
States that he is CEO of 2 companies – OnChain and Intpass Consulting

Erik Zhang – CTO
NEO Founder and core developer, Founder and CTO of Onchain, author of the DBFT consensus mechanism

Notable Advisors

N/A

Notable Investors

N/A

Trade Crypto Live Sentiment

NEO is incredibly centralized. The entire network only has 13 validating nodes. Allegedly all validation nodes are currently owned and operated by the NEO team. They hand pick and whitelist who can run validating nodes. Why this degree of centralization on NEO?

NEO’s blockchain disappeared for several hours in October. Because all 13 of NEO’s validation nodes are controlled by its development team, the team was able to shutdown the entire blockchain at a moment’s notice and they did so for several hours earlier in October.
During that time, no blocks were generated and the lack of communication left many people confused and scared. The official reason for the blackout? NEO’s team had to shut down the network in order to perform “manual checks” after unlocking 15 million of the 50 million NEO that the team held in reserve.

Although it was announced that there will be approx. 27 ICOs & projects to be built using NEO, to date NEO only has 6 smart contracts operating on the entire Blockchain. Should NEO, a 2-year-old, $3 billion smart contract platform have only 6 smart contracts to date?

Reference & Links

https://coinmarketcap.com/currencies/neo/#markets
https://neo.org/
https://coincheckup.com/coins/neo/related
https://www.linkedin.com/in/dahongfei/
https://github.com/neo-project/neo

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