Frequently asked questions
Neo is often cited as a Chinese alternative to Ethereum. It’s a blockchain-based platform with its own native coin, which aims to ultimately become a distributed smart-economy through the use of smart contracts. It was founded in 2014 by Da Hongfei and Erik Zhan, under the name ‘Antshares’. It wasn’t until 2017 that the Neo name was adopted.
By owning Neo, you gain the right to vote on Neo blockchain governance. Neo generates GAS tokens, which are a separate asset used to pay transaction fees and smart contracts. Of course, you might trade and hold Neo without concerning yourself with the internal governance of the blockchain.
Neo is one of the few coins whose ticker is the same as its cryptocurrency's name, albeit capitalised.
The price of Neo is heavily tied to the crypto market in general, and in particular to that of Bitcoin. If the rest of the market is surging, then you can be fairly sure that Neo will also be enjoying a period of growth.
With that said, it’s also worth paying particular attention to the regulatory environment in China, as sudden movements by the authorities there could conceivably push Chinese traders into, or away from, Neo.
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