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Should you buy NEO?
NEO has attained a respectable token price as its development team works diligently to create the backbone of a “smart economy.” Expect NEO, a smart contract blockchain, to become more and more attractive with Ethereum’s transaction fees high. NEO has done a good job of community building, it has a huge user base in China. Token holders are rewarded with GAS tokens for the transactions their NEO enables. So it presents a passive income opportunity that could be lucrative especially if the NEO smart contract network continues to grow.
NEO & GAS - Neo Smart Economy
Neo is an open-source, community driven platform that is leveraging the intrinsic advantages of blockchain technology…
Since its inception, its price has run up (once to nearly $200) and then crashed dramatically. It has attained a top 30 market cap ranking but it’s unclear whether it will maintain a high value for long or will differentiate itself in the very competitive smart contract space.
It’s sometimes referred to as “the Chinese Ethereum” and unfortunately, you have to be suspicious of any Chinese crypto venture as they are ultimately under the thumb of the Chinese communist party. The decentralization mission and ethos of the cryptocurrency movement are diametrically opposed to the interests of the Chinese government.
Neo is investing USD $100 million through its EcoBoost program to accelerate the realization of large-scale commercial blockchain solutions by empowering developers and projects in the ecosystem. Learn more. Get a NEO Wallet today, and take control of your assets!
NEO design goals: Smart Economy
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.
From the NEO whitepaper