Review on Neo by Saleh Bayramli

In short, NEO is a blockchain project from China, founded in 2014, previously called Ant Shares, but later changed. While developing Ant Shares, Onchain cooperated with Microsoft China and Fadada in June 2016. The three companies jointly formed Legal China to fix various deficiencies in legal digital applications.

In June 2017, Ant Stock changed its name to NEO. In March 2018, Onchain allocated 1 Ontology Token (ONT) for every 5 NEOs in the user's wallet. With ONT, investors can vote on system updates and other governance issues on the NEO platform. NEO is also known as China's Ethereum because they are firmly committed to creating a smart economy. This means that the project developers hope to easily use smart contracts on the NEO network.

For merchants using the NEO network, the second

cryptocurrency is GAS. This can be considered the fuel of NEO. A part of NEO is also considered a part of the network, and the GAS cryptocurrency is used for transactions on the network.

Deposit your NEO in the official wallet, you can use your NEO to earn GAS. This is due to the principle of proof of interest. You just need to deposit NEO coins in your wallet and get a part of the GAS spent on the network based on the amount of NEO you own. Therefore, it is possible to generate some passive income for you. As you can imagine, when the price of NEO or the price of GAS rises, you will benefit from the price difference of your NEO and the price difference of the additional GAS you get.

This is one of the reasons why people have invested or invested heavily in NEO in the past. Over the years, as with any project, NEO trends have changed a lot. We should add that it is impossible to mine NEO coins because they are all distributed during the ICO.

NEO is a better long-term investment than many other cryptocurrencies due to its huge potential. The N3 version is a stepping stone for NEO's price. Let us preview the future value of NEO by looking at the predictions given by famous cryptocurrency traders and well-known publications.

It rose from approximately US$0.16 in January 2017 to approximately US$162 in January 2018. That is an increase of about 111.400%. Exciting, right? The current market value of

NEO is 4.96 billion US dollars. In terms of popularity,

Ethereum is clearly the winner. It has a large number of investors, developers and enthusiasts. It is also the most adopted. In other words, Ethereum must improve on all aspects of NEO, including scalability.