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NEO (NEO)

$129.21 +12.83%
Rank

#23

Market Cap

$9,110,416,621.00

Volume

$3,950,669,254.00

24h High / 24h Low

$129.24 / $110.65

24h 7D 1M 1Y MAX
Mining Rate: 70.53%
Circulating Supply: 70,530,000.00
Total Supply: 100,000,000.00

What is NEO (NEO)

Was founded in 2014 as AntShares and was rebranded in 2017, NEO is a blockchain based platform which enables the development of digital assets and smart contract with its native crypto currency. NEO’s aim is to ensure automating the management of digital assets through the use of smart contracts, and gradually create a distributed network based smart economy system. NEO claims its network can handle 10.000 transactions per second.

Their network has two distinct tokens; NEO and GAS. NEO is not designed to be a currency or asset though. NEO coins cannot be divided like Bitcoins or any other cryptos. For example there is no 0.1 NEO. This coin is designed to be a proxy for voting rights within the blockchain’s governance system. On the other hand, GAS is designed to be used as an operational token. GAS can be used for transactions and smart contracts and can be divided up to 0.00000001 GAS.

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