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NEO

ICO

NEO Is An Open Network For Smart Economy.

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Overview

Project industryBlockchain Infrastructure
Product typeCryptocurrency
FoundedChina
Genesis date2016-10-17

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What is NEO

NEO is the use of blockchain technology and digital identity to digitize assets, the use of smart contracts for digital assets to be self-managed, to achieve "smart economy" with a distributed network.

Digital assets are programmable assets that exist in the form of electronic data. With blockchain technology, the digitization of assets can be decentralized, trustful, traceable, highly transparent, and free of intermediaries. On the NEO blockchain, users are able to register, trade, and circulate multiple types of assets. Proving the connection between digital and physical assets is possible through digital identity. Assets registered through a validated digital identity are protected by law.

NEO has two forms of digital assets: global assets and contract assets. Global assets can be recorded in the system space and can be identified by all smart contracts and clients. Contract assets are recorded in the private storage area of the smart contract and require a compatible client to recognize them. Contract assets can adhere to certain standards in order to achieve compatibility with most clients.

Economic Model

NEO has two native tokens, NEO (abbreviated symbol NEO) and NeoGas (abbreviated symbol GAS).

NEO, with a total of 100 million tokens, represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided.

GAS is the fuel token for the realization of NEO network resource control, with a maximum total limit of 100 million. The NEO network charges for the operation and storage of tokens and smart contracts, thereby creating economic incentives for bookkeepers and preventing the abuse of resources. The minimum unit of GAS is 0.00000001.

In the genesis block of the NEO network, 100 million NEOs are generated, GAS has not yet been generated. 100 million GAS, corresponding to the 100 million NEO, will be generated through a decay algorithm in about 22 years time to address holding NEO. If NEO is transferred to a new address, the subsequent GAS generated will be credited to the new address.

The NEO network will set a threshold by voting to exempt GAS from a certain amount of transfer transactions and smart contract operations to enhance the user experience. When a large amount of spam transactions occur, NeoID can be used to prioritize transactions and smart contracts with qualified identities. Transactions and smart contracts with no qualifying digital identities can get priority by paying GAS.

Details

Public sales: Aug 08, 2017 - Sep 09, 2017
Token supply: 100,000,000 NEO
Total tokens for sale: 20,000,000 NEO
Raised: 28,056,944 USD

Legal

Registration year: 2014

Token info

Ticker: NEO
Token price in USD: 1 NEO = 0.03 USD
Accepted currencies: BTC

Project team

Da Hongfei
Da Hongfei
Co-founder of NEo
Da Hongfei linkedin
Erik Zhang
Erik Zhang
Co-founder and core developer of NEo
Tony Tao
Tony Tao
Secretary-general of NEO Council
Johnson Zhao
Johnson Zhao
Business development and operation
You Xinfei
You Xinfei
Public relations
Dong Guohua
Dong Guohua
Community operation
Chris Chen
Chris Chen
Developer
Huang Shuxi
Huang Shuxi
Community operation
Peter Lin
Peter Lin
Developer
Sharlyne
Sharlyne
Community operation
Ray
Ray
Test engineer
Fred Huang
Fred Huang
Overseas community operation
Nathan Chen
Nathan Chen
Community operation
Lights Li
Lights Li
Core developer
Susu
Susu
Community operation
Yan Mingxia
Yan Mingxia
Front-end development engineer

Social media

NEO web-siteNEO RedditNEO MediumNEOYouTubeNEO TelegramNEO BTCTalkNEO TwitterNEO FacebookNEO DiscordNEO Github

User rating:

5/5 ( 1 )
0

NEO rating

7.8
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