Neo Price - NEO Price in USD with Live Chart

What are NEO and GAS?

These two are the native token of the NEO blockchain, and both are for different purposes.

 

NEO: This is a native token of the NEO blockchain, and it is used to create blocks and network management. If you are a NEO owner, you can stake it in your wallet, and you will get rewarded for it.

GAS: you can use it in the NEO blockchain like the Ethereum network. Mainly GAS is used to power up the transactions.

 

Who created Neo?

Neo was launched as an Antshares in 2014 by Da Hongfei and Erick Zhang. In 2017, it rebranded to Neo. IN 2014, a team of Antshares distributed its crypto named ANS and raised over 6100 Bitcoin in the token sale. In 2016, ANS tokens were then converted to NEO. At the Neo token release time, the team conducted the second round of token sales and raised $8 million.  

 

At the time of Neo release, half of the supply was for token sale participants (in the ICO). On the other side, some part was held for Neo developers, investors of other projects, and community funds. And remaining tokens were distributed to the NEO council.

 

How does NEO work?

NEO has upgraded the third iteration of the NEO blockchain N3, and it consists of several features which upgrade the NEO blockchain. Let's see what the new features are.

 

Smart Contracts: N3 has added support for multi-language smart contracts. It enables the developers to develop applications in multi-languages, such as JAVA, Go, Python, C#, Typescript, and many more.

 

Gas Fees: compared to the previous version, gas fees have been reduced by approximately 100X.

 

Neo's dual token structure: NEO utilizes the dual token structure where NEO is used for ownership of the network and governance while GASis used to pay network fees. Gas fees are mandatory to pay on every transaction, and each token has a fixed 100 million token supply.

 

Decentralized storage of NEOs: As always, on-chain storage of videos, images, audios, and any file is expensive. Neo's N3 version has introduced a NeoFS to solve this problem. It is a decentralized storage model and provides spare disk space in reward return.

 

Neo's domain: domain names are very useful for navigating any website and using the domain, you can easily find web content. Currently, many blockchains are using long numeric web addresses instead of friendly web URLs. N3 has introduced NNS(Neo Name Service), a decentralized name service built on the NEO blockchain. Mapping IP addresses, strings, and aliases generate user-friendly web addresses, making domain names more reliable.

 

Interoperability of NEO: Using the Poly Network feature, NEO can communicate with other blockchains, including ETH, BTC, and many more.

 

Oracle: a fundamental product of blockchain and used to combine smart contracts and external data sources.

 

Digital Identity: On-chain identity is most powerful, and NEO always focuses on on-chain identity. Using the on-chain digital identity, you can get better security. Using the blockchain, keep your identity private and not sharable to keep identity private.   

 

Why use Neo coin?

Neo developers have structured the NEO by protocol's technical design instead of relying on its programming language, which allows them to build an application using a familiar language. If investors want to make their portfolio value, they should add NEO to their portfolio.

 

What makes NEO unique and valuable?

The NEO token is the native crypto of the NEO blockchain, and you can use it to hold, send, stake, and spend on another blockchain. Now holders have a right to vote for network parameter upgrades. On behalf of staking, Neo users can get rewarded and that reward is paid in GAS. Each new block generates GAS until the 100 million tokens are released by the network. Like other cryptocurrencies, the supply of Neo and Gas is limited.  

 

The circulating supply of NEO?

The global rank of NEO is #32, and #1 rank in the China, and NEO comes among top valuable currencies globally with a $3.49($ 3,490,305,122) billion market cap. The current circulating supply of NEO is 72.20(72,199,696.00) million out of the total supply of 100(100,000,000.00) million. Its 24h trading volume is $535.50($ 535,497,405) million.

 

How to buy a NEO token?

Neo is a community-based non-profit project created in 2014 and, in June 2015, launched the open-source code. NEO is utilizing its blockchain for digital assets. NEO is now popular and comes under top value currency, so it is available on all exchanges but buying NEO from top exchanges makes our investment more secure and valuable. You can create an account on any exchange in just three simple steps includes: 

• Signup to exchanges
• Verify your identity and despite funds
• Start buying and trading Ripple.

Once your identity gets verified from your selected exchange, you can start buying or trading in NEO. We are listing down some top, and valuable exchanges list where you can buy NEO.

• Binance
• Upbit
• HitBTC
• Huobi Global
• OKEx
• KuCoin
• Gate.io
• Wazirx

Many exchanges do not allow users to deposit fiat currencies like INR, EURS, USD, and many more. In this case, you can buy other stable cryptocurrency pairs such as USDT/NEO, USDC/NEO, BTC/NEO, ETH/NEO equivalent of your fiat currency, and then you can convert it to NEO.