Review on Neo by Emmanuel Sunday
Why NEO's investors would smile soon
Neo first come up in 2016 and made an ICO which more 6000 bitcoins where raised and more than 100 million neo tokens where 50% where sold during the ICO. It climbs up to top 20coins just one year in the market, after reaching its first 5billion market cap
NEO first drew my attention when I saw it on binance earn, available for staking with an APY of about 4%. After staking, I had embarked on multiple researches on its credibility, its future and volatility. What enticed me most is the rewards neo holders get, they are rewarded with neoGAS each time a new block is created. Neo is also greatly influenced by news and media, as it was seen when it first hits the western headlines. The price rises and later looses value as holders tries to gain profit while selling.
Having its primary users based in China, neo would be easily and greatly influenced by whatever it is being said of it from its based
If your are interested in holding or you are holding, then you should keep an eye on developments and incoming regulations from the Chinese government.
Is it worth investing on? Neo is seen to be resistant to any regulations due to there policies and structure of there block chain. They have openly declared there compliance to work with the Chinese government. Experts see it with great future but are still doubting the Chinese
For those who planed to hold neo, you can easily do so in your neo wallet or ledger nano wallet. I purchased it on binance, after trading it with usdt at the best price, and transfer it to my neo wallet where I am holding
Pros
- Neo is decentralised which makes it secured
- It uses prove of stake, holders also gain neoGAS token just by holding neo
Cons
- I see nothing wrong with it, just the fear of Chinese government regulations against it.
