Review on Neo by Inioluwa Okedeji
NEO: Bringing People Together
Founded by Erik Zhang and Da Hongfei in 2014, NEO is a cryptocurrency platform based on the blockchain network that supports the development of smart contracts and virtual assets.
The NEO platform has two native currencies, one is NEO and the other is GAS. Now users who hold these coins have the opportunity to be rewarded for keeping them on the NEO platform.
NEO ranks 19th on coinmarketcap.
It has a market cap of $1,492,039,427 USD
It has a total supply of 100,000,000 NEO
It's maximum supply also in the same amount is 100,000,000 NEO
NEO has a circulating supply of 70,538,831 NEO.
It is said that with age comes experience. So from my own perspective, I believe that NEO has the potential to grow into a more valuable project in the future because of its age and the various experiences it has ganared over the years. An example is bitcoin, a digital coin that's old and thriving.
NEO has oftened been referred to as the Chinese version of the ethereum network because of certain similarities between the two projects.
Although NEO is old, it's popularity has diminished over time and the effect can be seen in its present value. This can be rectified once it's importance is restored to the hearts of the public again, taking this project to greater heights.
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Pros
- NEO platform makes use of its innovations to bring people together and their businesses.
- A platform that supports smart contracts.
- It is a highly secured platform.
- Dishes out rewards to holders of its native currency on the platform.
Cons
- NEO's popularity has diminished over the years.
